Magnetic Wireless Car Charger Market Size, Share, Growth, And Industry Analysis, By Type (Android System, IOS System), By Application (Passenger Car, Commercial Vehicle and Others), Regional Forecast To 2033

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MAGNETIC WIRELESS CAR CHARGER MARKET REPORT OVERVIEW

Global magnetic wireless car charger market size was valued at approximately USD 0.85 Billion in 2024 and market is projected to touch USD 4.6 Billion by 2033, exhibiting a CAGR of 20.7% during the forecast period.

A wireless electric car charger is an apparatus that sends electrical energy wirelessly from a power source to an electric vehicle. Wireless electric vehicle chargers are essential because they make it possible for cars to be charged without having to be plugged in, making them more practical for drivers. The MagSafe technology in your iPhone that is compatible with MagSafe is intended to be used by this wireless car charger.

The market is divided into segments based on type, application, and geographic region. The market is divided into magnetic resonance technology and inductive charging technology based on type. Due to benefits such not requiring any contact with the ground or an item to charge and not interfering with nearby electrical equipment, magnetic resonance technology held a higher share. As opposed to magnetic resonance technology, which requires an open space for proper operation, inductive charging technology is anticipated to expand at a greater CAGR throughout the projected period because it does not require a specific surface for charging. Due to a rise in demand for electric vehicles throughout all regions, passenger automobiles made up the bulk of applications.

COVID-19 IMPACT

"Decreased Economic Growth to Hinder Market Sales"

Large brands in particular are suffering and frequently fail to win over the loyalty of younger customers. Compared to their parents, millennials are four times more likely to steer clear of popular food brands during the pandemic. The top 150 retailers are growing at a rate of 65 percent, which puts pressure on grocery stores and makes them more challenging trade partners. The industry's economic-profit growth has decreased as a result. Consumer products firms often deal with a disparity in investor expectations. They must, assuming steady margins, increase organic growth in the industry by 100 to 150 basis points annually in order to maintain present valuations.

LATEST TRENDS

"Inductive charging to Provide Impetus to the Market "

Inductive charging is a technique that is employed in the market for wireless electric vehicle chargers. To generate electricity from the battery and charge the batteries of electric vehicles, it transforms AC power into a magnetic field and back again. Because it uses electromagnetic induction, this method doesn't make direct electrical contact with the battery; instead, it creates electricity indirectly by employing a conductive plate or wire positioned above the battery's surface.

MAGNETIC WIRELESS CAR CHARGER MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into android system, IOS system.

In terms of product, android system is the largest segment.

By Application Analysis

Based on application, the market can be divided into passenger car, commercial vehicle and others.

In terms of application, passenger car is the largest segment.

DRIVING FACTORS

"Electromagnetic Induction Technology to Accelerate Market Growth"

Electromagnetic induction is used in magnetic resonance technology to move energy between two things. Electricity is sent from the charging station to the electric vehicle battery using this technique in wireless electric vehicle chargers. When a magnetic field is applied to an atomic or molecular structure, it causes a sort of electromagnetic field interaction with nuclei known as magnetic resonance technology (MR). It is the generation and detection of radiofrequency waves using an MR scanner and a coil antenna. This phenomenon is used in magnetic resonance imaging (MRI), which produces images by detecting variations in blood flow within bodily tissues, for diagnostic purposes.

"Passenger Car Sector to Expand Market Revenue"

In terms of revenue share, the passenger car sector dominated the world market for wireless electric vehicle chargers. The demand for passenger automobiles is anticipated to increase as more people choose personal vehicles over light commercial vehicles (LCVs), which will have an impact on the market's expansion. Additionally, the global spread of smartphones and internet connectivity has considerably increased e-commerce, which in turn drives product demand. Due to the increasing adoption and deployment of wireless EV chargers by numerous businesses, which offer a practical solution that enables them to meet their energy needs on the go without having direct physical contact with any charging station or cable, it is predicted that the commercial vehicle segment will grow. Additionally, these methods assist in lowering carbon emissions and drive magnetic wireless car charger market growth.

RESTRAINING FACTORS

"Widespread Usage of wires to Impede Market Expansion"

During the projection period, a significant challenge for the magnetic wireless car charger industry will be how to replace current charging cords. A significant commercial problem is thewidespread usage of wires for charging smartphones, tablets, and even electric vehicles. When purchasing electronic gadgets, the majority of smartphone and tablet manufacturers include a power charging cable in the box along with additional accessories like earphones. Although the idea of wireless charging has been actively researched, very few advancements have been made, mostly due to a lack of a universal standard, technical challenges, and other unrelated factors.

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MAGNETIC WIRELESS CAR CHARGER MARKET REGIONAL INSIGHTS

"Asia Pacific to Dominate the Market Due to Rising Fuel Prices"

The region ofAsia Pacific accounted for the biggest magnetic wireless car charger market share, and it is projected that it would maintain its leadership during the forecast period. Due to growing worries over vehicle pollution and rising fuel prices, the region has seen an increase in demand for electric vehicles. China is regarded as one of the region's most important marketplaces because of its extensive manufacturing sector and benevolent government programs, including incentives for hybrid and electric automobiles. A substantial portion of the growth in the region is also anticipated to come from nations like Japan because of the high demand for items based on cutting-edge technology that lower vehicle emissions.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players of magnetic wireless car charger are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Top Magnetic Wireless Car Charger Companies

• Syncwire (China)
• iOttie (U.S.)
• ESRgear (China)
• Spigen (India)
• Belkin (U.S.)
• Cygnett (India)
• Anker (U.S.)
• Hotsnap (U.S.)

REPORT COVERAGE

This research profiles a report on magnetic wireless car charger with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.