The global on-board charger market was valued at USD 1.4 billion in 2019 and is expected to reach USD 4.4 billion by 2027, growing at a CAGR of 17.2% during 2021-2027. Growth in number of autonomous driving vehicle, wide ranging opportunities in emerging economies and EV charging with wireless power transmission technology will act as an opportunity for the global on-board charger market in near future.
Passenger car held the larger share in the on-board charger market in 2020
On the basis of vehicle type, the market is bifurcated into passenger car and commercial vehicle. Passenger car is expected to account the higher market share in current year and is expected to grow at faster rate with rising adoption of automated and hybrid cars globally.
Geographically, APAC, mainly China is the largest on-board charger market with largest number of electric vehicle production. It is expected that by 2021, China currently leads in the number of electric vehicle production and sales, as a result there will be growth in demand for on-board chargers as well.
Some of the key players operating in the on-board charger market are STMicroelectronics, Delphi Technologies, Infineon Technologies AG, Delta-Q Technologies Corporation, Eaton Corporation, AVID Technology, NXP Semiconductor N.V., Texas Instruments, Lear Corporation, and NOCO Company.
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The report provides the market value for the base year 2020 and a yearly forecast till 2027 in terms of revenue (USD Million). The report segments the global on-board charger market on the basis of propulsion type, power output, vehicle type, and region.
Global On-Board Charger Market Coverage
Propulsion Type Insight and Forecast 2015 – 2027
Power Output Insight and Forecast 2015 – 2027
Vehicle Type Insight and Forecast 2015 – 2027
On-Board Charger Market by Region
Rest of the World (RoW)