Press release
Magnetic Wireless Car Charger Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Magnetic Wireless Car Charger Market Size
What Is the Current Magnetic Wireless Car Charger Market Size and Its Estimated Growth Rate?
In recent times, the market size of the magnetic wireless car charger has expanded expeditiously. It's projected to rise from $1.05 billion in 2024 to $1.18 billion in 2025, experiencing a compound annual growth rate (CAGR) of 12.3%. The notable growth in the past period can be linked to the escalating use of smartphones, increased preference for convenience in vehicles, the proliferation of electric vehicles, enhancement of automotive technology, and heightened mindfulness regarding the advantages of wireless charging.
The market for magnetic wireless car chargers is expected to expand rapidly in the coming years, projecting a worth of $1.85 billion in 2029, with a compound annual growth rate (CAGR) of 11.9%. The burgeoning demand for driverless cars along with rising governmental regulations favoring environment-friendly solutions, enhanced infrastructure for electric vehicles, increasing consumer quest for a flawless in-car experience, and heightened focus on energy-saving in automobile solutions are all contributing to this growth. Some major trends during the forecast period encompass cutting-edge technological evolutions, advancements in wireless charging tech, heightened investment in R&D, breakthroughs in energy transportation systems, and progress in charging speed.
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How Are Emerging Segments Shaping the Magnetic Wireless Car Charger Market Landscape?
The magnetic wireless car charger market covered in this report is segmented -
1) By Product Type: Standard Magnetic Wireless Chargers, Fast Charging Magnetic Wireless Chargers, Multi-Device Magnetic Wireless Chargers, Portable Magnetic Wireless Chargers, Magnetic Wireless Charging Mounts
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Charging Standard: Qi Standard, Power Matters Alliance (PMA) Standard, Other Charging Standards
4) By Distribution Channel: Online Stores, Offline Stores
5) By End-User Application: Consumer Electronics, Automotive Industry, Commercial Fleets, Public Transport Vehicles, Emergency Services Vehicles
Subsegments:
1) By Standard Magnetic Wireless Chargers: Qi-Certified Magnetic Chargers, Dashboard Or Console Mount Chargers, Universal Serial Bus Type-C (USB-C) Powered Magnetic Chargers
2) By Fast Charging Magnetic Wireless Chargers: 15 Watts Fast Charging Magnetic Chargers, 20 Watts And Above Magnetic Chargers, Power Delivery (PD) Compatible Magnetic Chargers
3) By Multi-Device Magnetic Wireless Chargers: Dual-Device Magnetic Chargers, Triple-Device Magnetic Chargers, Foldable Or Modular Multi-Device Chargers
4) By Portable Magnetic Wireless Chargers: Magnetic Wireless Power Banks, MagSafe-Compatible Battery Packs, Keychain Or Compact Travel Magnetic Chargers
5) By Magnetic Wireless Charging Mounts: Air Vent Mount Magnetic Chargers, Dashboard Mount Magnetic Chargers, Windshield Mount Magnetic Chargers, Compact Disc (CD) Slot Mount Magnetic Chargers
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Which Growth Factors Are Influencing Magnetic Wireless Car Charger Market Expansion?
As the demand for electric vehicles rises, so does the growth of the market for magnetic wireless car chargers. Electric vehicles (EVs), which primarily or partially rely on electricity from rechargeable batteries instead of solely on gas or diesel engines, have surged in popularity. This is due to increased environmental consciousness as both governments and consumers search for greener alternatives to reduce emissions of greenhouse gases. Magnetic wireless chargers offer a cable-free charging solution for EVs, using magnetic alignment to correctly position the vehicle's charging pad. This approach allows for effective power transfer while reducing connector wear, thus increasing convenience. For example, Statistics Canada, a government agency based in Canada, reported that in 2022, electric vehicles were responsible for 3.0% of light-duty vehicle registrations, a rise from 2.3% in 2021. Thus, the burgeoning demand for electric vehicles is fueling the expansion of the magnetic wireless car charger market.
Who Are the Dominant Players Across Different Magnetic Wireless Car Charger Market Segments?
Major companies operating in the magnetic wireless car charger market are Anker Innovations Co. Ltd., ESR Tech, Aukey Technology Co. Ltd., Peak Design LLC, Satechi LLC, Verbatim GmbH, Shenzhen Baseus Technology Co. Ltd., Ugreen Group Ltd., Scosche Industries Inc., Syncwire Inc., WiTricity Corporation, Epico s.r.o., Zens B.V., WiWU Technology Co. Ltd., XVIDA d.o.o., Cygnett Pty Ltd., Avanca International B.V., Beelan Technology Co. Ltd., Raegr India, Kapaver Private Limited
What Are the Latest Developing Trends in the Magnetic Wireless Car Charger Market?
Leading businesses in the magnetic wireless car charger market are striving to innovate and engineer sophisticated products such as multi-device magnetic wireless chargers, aiming to enhance power delivery efficiency and user experience. These multi-device chargers, which utilize magnetic alignment for charging numerous devices simultaneously, eliminate the requirement for physical connectors, providing a clutter-free solution usually equipped with multiple or single multi-purpose pads. For example, Kodak, an American photography company, joined forces with Georgian Enterprises, a consumer electronics and mobile accessories company based in India, to introduce two MagSafe wireless chargers for iPhone 12 and iPhone 13 series in India in January 2022. The products, a car wireless charger (model WCM101C) and a home wireless charger (model WCM201), both supply up to 15W rapid charging. They are fitted with powerful neodymium magnets for secure phone positioning and a car charger equipped with a 360-degree rotating mount. These chargers, embedded with safety measures against overvoltage and overcharging, can be purchased on Amazon and Flipkart and come with a one-year warranty.
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Which Geographic Regions Are Expected to Dominate the Magnetic Wireless Car Charger Market in the Coming Years?
North America was the largest region in the magnetic wireless car charger market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the magnetic wireless car charger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Magnetic Wireless Car Charger Market?
2. What is the CAGR expected in the Magnetic Wireless Car Charger Market?
3. What Are the Key Innovations Transforming the Magnetic Wireless Car Charger Industry?
4. Which Region Is Leading the Magnetic Wireless Car Charger Market?
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