Global Magnetic Wireless Car Chargers Market Size, Share, and COVID-19 Impact By Product Type (Dashboard Mount, Air Vent Mount, Windshield Mount, and Others), By Charging Standard (Qi Standard, PMA Standard, and Others), By Power Output (Up to 10W, 10W-20W, Above 20W), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Magnetic Wireless Car Chargers Market Insights Forecasts to 2033

• The Global Magnetic Wireless Car Chargers Market Size was Estimated at USD 1.16 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 15.16% from 2023 to 2033
• The Worldwide Magnetic Wireless Car Chargers Market Size is Expected to Reach USD 4.76 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Global magnetic wireless car charger’s Market was size worth around USD 1.16 billion in 2023 and is predicted to grow to around USD 4.76 billion by 2033 with a compound annual growth rate (CAGR) of 15.16% between 2023 and 2033. The market is driven by the growing take-up of wireless charging technology by vehicles, the growing penetration of smartphones, and the need for convenience and safety features in car accessories.

Market Overview

The magnetic wireless car chargers market refers to the industry that uses wireless power transfer and magnetic alignment technologies to securely suspend and charge cable-free smartphones using magnetic attachment and wireless charging features. They connect to the windshield, air vent, or dash of the car and offer users a cableless, convenient charging method for mobile devices while moving around. The rising integration of sophisticated technologies in automotive uses, coupled with the increased usage of electric cars, has substantially driven demand for magnetic wireless car chargers. Moreover, wireless charging products help decrease electronic waste by lessening the requirement for several charging cables and adapters. Since consumers and regulators have started promoting sustainable practices, demand for green charging solutions will increase. Additionally, companies can ride the wave of this trend by creating eco-friendly and energy-efficient wireless chargers. Partnerships with auto manufacturers to incorporate wireless charging features into emerging car models are additional market growth drivers. Furthermore, as connected cars become more common, magnetic wireless chargers are becoming more and more integrated with features like user personalization, remote monitoring, and predictive maintenance, which are expected to fuel market growth. The power of AI and automation acts as a driver for innovation, and it makes the charging ecosystem more user-focused.

Report Coverage

This research report categorizes the magnetic wireless car chargers market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the magnetic wireless car charger’s market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the magnetic wireless car charger’s market.

Driving Factors

The magnetic wireless car charger’s market is driven by some major trends. The rising usage of smartphones and mobile devices for different applications like communication, global positioning, navigation, entertainment in the form of streaming music or audiobooks, etc., is fueling the growing demand for uninterrupted power supply during travel and usage of such devices in vehicles. Magnetic wireless car chargers are becoming a convenient and efficient means of charging these devices, due to their wireless nature and docking capabilities. Additionally, technological progress in magnetic wireless charging has promoted the creation of more efficient and quicker charging products. Companies are launching new products with increased power output and enhanced magnetic attachment features, boosting the charging stability and performance of magnetic wireless car chargers.

Restraining Factors

The magnetic wireless car chargers market encounters certain difficulties that would restrain its development. The incompatibility between disparate devices and charging technologies. With many manufacturers coming up with their own proprietary charging solutions, users could end up with limited capabilities of using a charger across different devices. Such a lack of standardization could work to constrain market expansion by curbing the convenience element that wireless charging is expected to bring.

Market Segmentation

The magnetic wireless car chargers market share is classified into product type, charging standard, and power output.

• The air vent mount segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on product type, the magnetic wireless car chargers market is segmented into dashboard mount, air vent mount, windshield mount, and others. Among these, the air vent mount segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to their space-saving design and provision of an unobstructed line of sight for the driver. Air vent mounts are especially ideal for drivers who do not want to cover their windshields or dashboards. Furthermore, the increasing trend for minimalist and non-intrusive car accessories is fueling the demand for air vent mounts.

• The Qi standard segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the charging standard, the global magnetic wireless car chargers market is divided into Qi standard, PMA standard, and others. Among these, the Qi standard segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by its broad adoption and compatibility with a large list of devices. Additionally, its general acceptance and tested reliability make it the choice of both consumers and manufacturers. The continued development and refinement of Qi technology will only continue to solidify its grip on the market.

• The up to 10W segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on power output, the global magnetic wireless car chargers market is categorized into up to 10W, 10W-20W, and above 20W. Among these, the up to 10W segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment's growth is attributed mainly to the suitability for charging most smartphones and other small devices. Moreover, the prevalence of the use of such chargers for regular, non-heavy device charging helps to increase their popularity.

Regional Segment Analysis of the Magnetic Wireless Car Chargers Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the magnetic wireless car chargers market over the predicted timeframe.

North America is anticipated to hold the largest share of the magnetic wireless car chargers’ market over the predicted period. The dominance is due to the widespread uptake of sophisticated automotive technologies and the presence of key industry players in the area.  Furthermore, the United States, specifically, has a large contribution to the market, with increased focus on innovation and customer desires for high-technology car accessories.

Asia-Pacific is expected to grow rapidly in digital banking platform (DBP) markets during the forecast period. The market in the region is driven by growing disposable incomes, urbanization at a rapid pace, and growing demand for intelligent technologies. Moreover, China, Japan, and South Korea are prominent markets in the region, with immense consumer demand for sophisticated automotive accessories. Penetration of smartphones and the use of wireless charging technology in cars are driving the growth of the market.

Competitive Analysis:

The report offers an appropriate analysis of the key organization markets/companies involved within the magnetic wireless car chargers market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, business strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• iOttie, Inc.
• Nekteck, Inc.
• RAVPower
• CHOETECH
• Aukey
• Baseus
• Spigen
• Satechi
• Hyper
• Zens
• TYLT
• OtterBox
• Nomad Goods, Inc.
• Ugreen Group Limited
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In September 2024, ESR launched its new range of Qi2 chargers with CryoBoost at IFA 2024 in Berlin. Following the success of its previous Qi2 launches, the new range features 2nd-Gen CryoBoost technology and improved duct design for active cooling and charging faster than ever before, providing users with the fastest charging and best-in-class reliability of official MagSafe chargers but at nearly half the cost.

Market Segment

This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the magnetic wireless car chargers market based on the below-mentioned

Global Magnetic Wireless Car Chargers Market, By Product Type  

• Dashboard Mount
• Air Vent Mount
• Windshield Mount
• Others

Global Magnetic Wireless Car Chargers Market, By Charging Standard

• Qi Standard
• PMA Standard
• Others

Global Magnetic Wireless Car Chargers Market, By Power Output

• Up to 10W
• 10W-20W
• Above 20W

Global Magnetic wireless car chargers Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa