How big is the Automotive On-board Charger Market?

The Automotive On-board Charger Market size is expected to reach USD 6.86 billion in 2024 and grow at a CAGR of 13.24% to reach USD 12.27 billion by 2029. Read More

What is the current Automotive On-board Charger Market size?

In 2024, the Automotive On-board Charger Market size is expected to reach USD 6.86 billion. Read More

Who are the key players in Automotive On-board Charger Market?

Delphi Technologies (BorgWarner Inc.), Hyundai Mobis, LG Corporation, Ficosa International S.A. and Valeo SE are the major companies operating in the Automotive On-board Charger Market. Read More

Which is the fastest growing region in Automotive On-board Charger Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive On-board Charger Market?

In 2024, the Asia-Pacific accounts for the largest market share in Automotive On-board Charger Market. Read More

What years does this Automotive On-board Charger Market cover, and what was the market size in 2023?

In 2023, the Automotive On-board Charger Market size was estimated at USD 5.95 billion. The report covers the Automotive On-board Charger Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive On-board Charger Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the future prospects of the Automotive On-Board Charger Market?

The Automotive On-Board Charger Market future looks promising with a) Continuous growth of the EV market b) Technological advancements c) Increasing focus on sustainability Read More

Automotive On-board Charger Market Analysis | Industry Report, Size & Forecast

On Board Charger Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers On-Board Charger Manufacturers, and the Market is Segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), by Powertrain Type (BEV and PHEV), by Rated Power (Less Than 3. 3 KW, 3. 3-11 KW, and More Than 11 KW), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers the Market Size and Forecast of the On-Board Charger Market in Value (USD Billion) for the Above-Mentioned Segments.

Automotive On-board Charger Industry Overview

The on board charger market is fragmented and highly competitive due to the presence of various international manufacturers operating in the ecosystem. Some of the major players include Delphi Technologies (BorgWarner Inc.), Hyundai Mobis, LG Corporation, STMicroelectronics, Ficosa International S.A., Valeo SE, Toyota Industries Corporation, and Bel Fuse Inc., among others. With the entry of various new electric models in the market, on board charger companies are expanding their presence by forming strategic alliances with other players and launching new automotive on board chargers.

• In November 2023, BorgWarner announced its partnership with a North American-based original equipment manufacturer (OEM) to supply its bi-directional 800V Onboard Charger (OBC) for the passenger vehicle models manufactured by the OEM. The company stated that its on board chargers are equipped with silicon carbide power switches to enhance the efficiency of the vehicle and improve power conversion and safety compliance.

• In June 2023, Renault and Mobilize announced its partnership to incorporate the R5's bi-directional onboard chargers into the model 5 manufactured by Renault. Mobilize stated that its bi-directional chargers, bidirectional charging station, and V2G service will assist customers reduce their charging costs since this technology helps send back electricity to the power grid.

The on board charger market is anticipated to witness massive investments in research and development to integrate advanced technology to improve the efficiency of electric vehicles and reduce the time to charge electric passenger cars or commercial vehicles.