Automotive Wireless Charging Pad Market - Global Market Insights and Sales Trends 2024 to 2031
The "Automotive Wireless Charging Pad Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Automotive Wireless Charging Pad market is expected to grow annually by 4.1% (CAGR 2024 - 2031).
This entire report is of 149 pages.
Automotive Wireless Charging Pad Introduction and its Market Analysis
The Automotive Wireless Charging Pad market research report analyzes the market conditions for this technology that enables users to charge their devices wirelessly in vehicles. The target market for Automotive Wireless Charging Pad includes automobile manufacturers and consumers looking for convenient charging solutions. The major factors driving revenue growth in this market include increasing demand for electric vehicles, adoption of smart connected cars, and advancements in technology. Companies operating in the market include HARMAN International, Aircharge, INBAY, Molex, Infineon Technologies AG, and WiTricity Corporation. The report's main findings highlight the growing market opportunities and recommend strategic investments in R&D and partnerships to capitalize on the expanding market.
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The automotive wireless charging pad market is experiencing rapid growth, particularly in passenger vehicles, light duty vehicles, buses & coaches, and trucks. The market is segmented into OEM and aftermarket applications, providing convenience and efficiency for consumers looking to charge their devices on the go.
Regulatory and legal factors specific to the market conditions include stringent safety regulations for wireless charging pads in vehicles, ensuring that the technology meets industry standards and does not pose any risks to drivers or passengers. Additionally, there are legal considerations regarding intellectual property rights and patents related to wireless charging technology used in vehicles.
Overall, the automotive wireless charging pad market is poised for continued growth as consumers seek innovative solutions for charging their devices while driving. Manufacturers and suppliers in the industry are focused on developing high-quality, safe, and efficient products to meet the demands of the market and comply with regulatory requirements.
Top Featured Companies Dominating the Global Automotive Wireless Charging Pad Market
The Automotive Wireless Charging Pad Market is highly competitive with key players such as HARMAN International, Aircharge, INBAY, Molex, Infineon Technologies AG, and WiTricity Corporation leading the market. These companies offer innovative wireless charging solutions for automotive applications, enabling drivers to charge their devices conveniently without the need for cables.
HARMAN International, a subsidiary of Samsung Electronics, offers in-car wireless charging pads integrated into the center console or dashboard of vehicles. Aircharge provides wireless charging solutions for automotive OEMs and aftermarket installations. INBAY specializes in retrofitting wireless charging pads into existing vehicles. Molex is a global provider of electronic solutions for the automotive industry, including wireless charging technologies. Infineon Technologies AG offers semiconductor solutions for wireless charging applications in vehicles. WiTricity Corporation is a leader in wireless power transfer technology, providing wireless charging solutions for electric vehicles and other automotive applications.
These companies play a crucial role in driving the growth of the Automotive Wireless Charging Pad Market by offering advanced technologies, product innovation, and strategic partnerships with automotive manufacturers. By providing convenient and efficient charging solutions for vehicles, they help enhance the overall user experience and contribute to the widespread adoption of wireless charging technology in the automotive sector.
In terms of sales revenue, HARMAN International reported a revenue of $ billion in 2020, while Infineon Technologies AG recorded a revenue of €8.6 billion in the same year. WiTricity Corporation, as a private company, does not disclose its sales revenue. Overall, these companies continue to invest in research and development to bring more advanced wireless charging solutions to the market, driving the growth of the Automotive Wireless Charging Pad Market.
- HARMAN International
- Aircharge
- INBAY
- Molex
- Infineon Technologies AG
- WiTricity Corporation
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Automotive Wireless Charging Pad Market Analysis, by Type:
- Passenger Vehicle
- Light Duty Vehicle
- Buses & Coaches
- Trucks
Automotive wireless charging pads come in various types for different vehicles such as passenger vehicles, light duty vehicles, buses & coaches, and trucks. These pads help in boosting the demand of the market by providing convenience and efficiency for drivers and passengers. Passenger vehicles and light duty vehicles benefit from easy charging without the hassle of cords, while buses & coaches and trucks can maintain productivity on the road by ensuring devices stay charged. Overall, the different types of automotive wireless charging pads cater to specific needs of various vehicles, driving demand in the market.
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Automotive Wireless Charging Pad Market Analysis, by Application:
- OEM
- Aftermarket
Automotive wireless charging pads are used by OEMs and aftermarket companies to provide convenient wireless charging solutions for car owners. OEMs integrate the technology directly into new vehicles, while aftermarket companies offer retrofitting options for existing cars. The charging pad is typically installed in the vehicle and wirelessly charges compatible devices such as smartphones when placed on the pad. The aftermarket segment is the fastest growing in terms of revenue, as more car owners are seeking to upgrade their vehicles with this convenient and efficient technology without having to purchase a new vehicle.
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Automotive Wireless Charging Pad Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The automotive wireless charging pad market is expected to experience substantial growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE, Korea). North America and Europe are forecasted to dominate the market, with a combined market share of around 50%. Asia-Pacific is expected to see significant growth, with a market share of approximately 30%, driven by the increasing adoption of electric vehicles and advancements in wireless charging technology. Latin America and Middle East & Africa are also anticipated to contribute to the market growth with a market share of around 10% each.
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