All end-use industries have seen tremendous expansion in wireless technology. Due to the tremendous potential for revenue generation presented by the automotive industry, manufacturers of wireless chargers have shifted their attention there.
Due to the always-expanding automobile industry, manufacturing businesses will continue to see an increase in sales of automotive wireless chargers. Due to disruptive products from new entrants and small- to medium-sized firms, major players are integrating in-car wireless chargers that will increase the efficacy of vehicles.
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The market for vehicle wireless chargers is expected to reach a size of US$ 9.5 billion by the end of 2032, growing at an astounding CAGR of 21.9% from its current market value of US$ 1.3 billion in 2022. In 2021, luxury passenger vehicles held a 46.6% market share worldwide.
About 5% of the worldwide wireless charger market’s revenue came from the sales of vehicle wireless chargers in 2021.
Prominent automotive wireless charger manufacturers are HARMAN, 2E, Aircharge, Belkin, Continental, etatronix, hoco Tech, Huawei, Infineon, LG, MPS, NXP, Powermat, and ROHM.
Global manufacturers of automotive wireless chargers are focusing on the technologies to stay ahead of the competition. Key manufacturers are focusing on advances in wireless charging to provide additional benefits to end users.
The popularity of automotive wireless chargers is rising rapidly due to the convenience they offer. Wireless chargers allow drivers to charge their devices without having to plug them into a charger port. This eliminates the need to fumble with cords, making it easier and faster to charge devices. Additionally, wireless chargers are also often compatible with a wide range of devices, making them, even more, user-friendly. Finally, wireless chargers are becoming increasingly affordable, making them accessible to more people.
Segmentation of Automotive Wireless Charger Industry Research
The study further identifies major manufacturing trends, technologies that will be commercialized
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