Global Automotive On-Board Charger Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

The global automotive on-board charger market has experienced significant growth in recent years, driven by the increasing adoption of electric vehicles (EVs) and the growing emphasis on reducing carbon emissions in the automotive sector. As governments worldwide implement stringent regulations to curb greenhouse gas emissions, automakers are compelled to develop more efficient and eco-friendly vehicles, thereby boosting the demand for on-board chargers.

One key factor contributing to the expansion of this market is the rapid advancement in charging infrastructure. With the establishment of an extensive network of charging stations, consumers are becoming more inclined towards EVs as a viable alternative to traditional combustion engine vehicles. This trend has led to a surge in the production of electric cars, thereby propelling the demand for on-board chargers.

Technological innovations in on-board charging systems have played a crucial role in driving market growth. Manufacturers are increasingly focusing on developing high-performance chargers that offer faster charging times and greater efficiency. This has not only enhanced the overall driving experience for EV owners but has also addressed concerns regarding range anxiety, thus fostering greater consumer confidence in electric vehicles.

The escalating investments by automotive giants in research and development activities aimed at improving charging infrastructure and battery technologies are anticipated to fuel market expansion further. Collaborations between automakers and technology companies are also expected to drive innovation in on-board charging solutions, thereby opening up new avenues of growth in the global automotive on-board charger market.

Global Automotive On-Board Charger Segment Analysis

In this report, the Global Automotive On-Board Charger Market has been segmented by Vehicle Type, Powertrain Type, Rated Power Type and Geography.

Global Automotive On-Board Charger Market, Segmentation by Vehicle Type

The Global Automotive On-Board Charger Market has been segmented by Vehicle Type into Passenger Car and Commercial Vehicle.

The global automotive on-board charger market has witnessed significant growth in recent years, largely driven by the increasing adoption of electric vehicles (EVs) worldwide. One of the key segmentation factors shaping this market is the vehicle type. Within this framework, the market is divided primarily into passenger cars and commercial vehicles.

Passenger cars represent a substantial portion of the automotive on-board charger market. With the growing awareness of environmental concerns and the push for sustainable transportation solutions, there has been a notable surge in the demand for electric passenger vehicles. This trend is further fueled by government incentives, stricter emission regulations, and advancements in battery technology, making electric cars more practical and appealing to consumers.

Commercial vehicles, including buses, trucks, and vans, also contribute significantly to the on-board charger market. While the adoption rate for electric commercial vehicles might be comparatively slower than that of passenger cars, it is steadily gaining momentum. Fleet operators and logistics companies are increasingly recognizing the economic and environmental benefits of electrifying their fleets, thereby driving the demand for on-board chargers tailored to commercial vehicle specifications.

Technological advancements and innovations in on-board charging systems are playing a pivotal role in shaping the market landscape. Manufacturers are focusing on developing more efficient, compact, and faster-charging solutions to meet the evolving needs of both passenger and commercial vehicle segments. This competitive landscape, coupled with the growing investments in electric vehicle infrastructure, is expected to further propel the growth of the global automotive on-board charger market in the coming years.

Global Automotive On-Board Charger Market, Segmentation by Powertrain Type

The Global Automotive On-Board Charger Market has been segmented by Powertrain Type into BEV and PHEV.

The global automotive on-board charger market is experiencing a significant surge in demand, primarily driven by the increasing adoption of electric vehicles (EVs) worldwide. As governments push for stringent emission regulations and consumers gravitate towards more sustainable transportation options, the automotive industry is witnessing a shift towards electrification. This transition has propelled the demand for on-board chargers, which play a crucial role in charging the battery packs of electric vehicles.

One of the key segments shaping the market is the differentiation based on powertrain type, primarily between Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). BEVs rely solely on electric power stored in the battery pack for propulsion, necessitating robust on-board chargers to efficiently recharge these batteries. On the other hand, PHEVs combine an internal combustion engine with an electric motor and a battery pack, allowing for both electric and hybrid modes of operation. Consequently, the on-board chargers for PHEVs need to cater to the dual power sources, accommodating both grid charging and regenerative braking.

The BEV segment is witnessing remarkable growth owing to the increasing consumer preference for pure electric vehicles and the expanding charging infrastructure globally. As automakers introduce new electric models and improve battery technology, the demand for high-capacity on-board chargers capable of fast charging is escalating. Conversely, the PHEV segment also presents opportunities for on-board charger manufacturers, albeit with different requirements emphasizing versatility and efficiency in managing dual power sources.

The segmentation by powertrain type underscores the diverse needs and challenges within the automotive on-board charger market. Manufacturers are innovating to meet these distinct demands, focusing on efficiency, power density, and compatibility with evolving battery technologies to cater to the burgeoning electric vehicle market and drive the transition towards sustainable mobility.

Global Automotive On-Board Charger Market, Segmentation by Rated Power Type

The Global Automotive On-Board Charger Market has been segmented by Rated Power Type into Less than 3.3 kW, 3.3-11 kW and More than 11 kW.

The global automotive on-board charger market is experiencing significant growth, driven by advancements in electric vehicle (EV) technology and the increasing adoption of electric vehicles worldwide. One key factor shaping this market is the segmentation based on rated power type, with distinct categories catering to varying charging needs.

In the segment for chargers rated at less than 3.3 kW, we observe a niche market catering to applications such as plug-in hybrid electric vehicles (PHEVs) and low-power electric cars. These chargers are suitable for users with limited charging requirements, such as residential charging or occasional public charging. Despite their lower power rating, they play a crucial role in facilitating the transition towards electric mobility, especially in urban environments where shorter commutes are common.

The 3.3-11 kW segment represents a significant portion of the market, catering to a broader range of electric vehicles, including battery electric vehicles (BEVs) and higher-performance PHEVs. These chargers offer faster charging compared to the lower-rated ones, making them suitable for both residential and public charging stations. As more consumers opt for electric vehicles as their primary mode of transportation, the demand for chargers within this power range is expected to grow steadily.

The segment for chargers rated at more than 11 kW represents the cutting edge of on-board charging technology, catering to the needs of fast-charging EVs and commercial fleets. These high-power chargers enable rapid charging, reducing vehicle downtime and enhancing the overall convenience of electric mobility. With advancements in battery technology and the emergence of ultra-fast charging standards, such as those supporting charging rates of 150 kW or higher, this segment is poised for rapid expansion to meet the growing demand for efficient charging infrastructure.

The segmentation of the global automotive on-board charger market by rated power type reflects the diverse needs of electric vehicle users, spanning from basic residential charging to high-speed charging for commercial applications. As the electric vehicle market continues to evolve, innovations in on-board charging technology will play a crucial role in shaping the future of transportation towards a more sustainable and efficient paradigm.

Global Automotive On-Board Charger Market, Segmentation by Geography

In this report, the Global Automotive On-Board Charger Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Automotive On-Board Charger Market Share (%), by Geographical Region, 2023

The global automotive on-board charger market continues to witness significant growth, driven by the escalating adoption of electric vehicles (EVs) worldwide. As governments impose stricter regulations on vehicle emissions and consumers increasingly prioritize eco-friendly alternatives, the demand for on-board chargers is poised for substantial expansion. North America stands out as a prominent market player, fueled by robust investments in EV infrastructure and supportive governmental policies aimed at incentivizing electric vehicle adoption. Similarly, Europe showcases a thriving market landscape, with countries like Germany, Norway, and the Netherlands leading the charge towards electrification.

In the Asia Pacific region, burgeoning economies such as China and India are witnessing a surge in electric vehicle sales, bolstered by favorable government initiatives and growing environmental awareness among consumers. Furthermore, the Middle East and Africa are gradually embracing electric mobility, driven by concerns over air pollution and the diversification of energy sources. Latin America, although still in the nascent stages of electric vehicle adoption, presents untapped opportunities for market players, with countries like Brazil and Mexico showing promising signs of growth.

The global automotive on-board charger market is characterized by a dynamic landscape, shaped by evolving consumer preferences, technological advancements, and regulatory frameworks aimed at promoting sustainable transportation solutions. As industry stakeholders continue to innovate and collaborate, the market is poised for further expansion across diverse geographical regions.

This report provides an in depth analysis of various factors that impact the dynamics of Global Automotive On-Board Charger Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers

• Electric vehicle adoption growth
• Government incentives and regulations
• Increasing charging infrastructure
• Technological advancements in charging

• Environmental awareness push: In recent years, there has been a significant push towards environmental awareness, particularly in the automotive industry where concerns about carbon emissions and climate change have spurred technological innovation. One area where this is evident is in the development of on-board chargers for electric vehicles (EVs). These chargers play a crucial role in the electrification of transportation by enabling EVs to recharge their batteries conveniently and efficiently. As governments worldwide implement stricter emissions regulations and incentivize the adoption of electric vehicles, the demand for on-board chargers is expected to surge. This trend is driving manufacturers to invest heavily in research and development to enhance the efficiency, reliability, and affordability of on-board charging systems, thus contributing to the growth of the global automotive on-board charger market.

  The global automotive on-board charger market is witnessing robust growth as automakers strive to meet stringent emission standards and cater to the growing demand for electric vehicles. With advancements in battery technology and charging infrastructure, on-board chargers are becoming increasingly sophisticated, offering faster charging times and greater convenience for EV owners. Moreover, the expansion of the EV market beyond passenger cars to include commercial vehicles and public transportation is further fueling the demand for on-board chargers. As key players in the automotive industry continue to introduce new EV models and expand their electric vehicle offerings, the market for on-board chargers is poised for continued expansion, presenting lucrative opportunities for manufacturers and suppliers alike.

Restraints

• High initial costs
• Limited charging infrastructure
• Range anxiety among consumers
• Battery technology constraints

• Competition from traditional vehicles: The global automotive on-board charger market is experiencing significant competition from traditional vehicles, particularly as advancements in internal combustion engine (ICE) technology continue to improve fuel efficiency and performance. Despite the growing popularity of electric vehicles (EVs) and hybrid electric vehicles (HEVs), traditional vehicles still dominate the market, posing a formidable challenge to the adoption of on-board chargers.

  The infrastructure for traditional vehicles, including fueling stations and maintenance facilities, is well-established and widely available, whereas the infrastructure for EV charging is still developing in many regions. This discrepancy in infrastructure further exacerbates the competition faced by on-board chargers. However, with increasing environmental concerns and government regulations favoring sustainable transportation solutions, the demand for electric vehicles is expected to rise steadily, presenting opportunities for growth in the automotive on-board charger market despite the competition from traditional vehicles. As technology continues to evolve and charging infrastructure expands, on-board chargers are likely to play a crucial role in facilitating the widespread adoption of electric vehicles in the coming years.

Opportunities

• Expansion of electric vehicle market
• Development of fast-charging solutions
• Integration with renewable energy sources
• Emerging markets adoption

• Partnerships with energy companies: Partnerships between automotive manufacturers and energy companies are becoming increasingly prevalent in the evolving landscape of the global automotive on-board charger market. As electric vehicles (EVs) gain momentum worldwide, automakers are recognizing the importance of collaborating with energy companies to enhance charging infrastructure and develop more efficient on-board charging solutions. These partnerships often aim to address key challenges such as charging speed, interoperability, and grid integration, thereby accelerating the adoption of electric vehicles and ensuring a seamless charging experience for consumers.

  The demand for electric vehicles continues to surge, energy companies are leveraging their expertise in power distribution and renewable energy to support the development of on-board chargers with advanced features like bidirectional charging capabilities and smart grid integration. By collaborating with automotive manufacturers, energy companies can not only expand their market reach but also contribute to the sustainability goals of both industries. This synergy between automotive and energy sectors is poised to drive innovation and foster the widespread adoption of electric vehicles, ultimately paving the way for a cleaner and more sustainable transportation future.

Key players in Global Automotive On-Board Charger Market include:

• BorgWarner Inc
• Hyundai Mobis Co., Ltd
• LG Electronics
• Innoelectric AG
• Ficosa Corporation
• Valeo
• Delta Energy Systems
• Toyota Industries Corporation
• BrusaElektronik AG
• VisIC Technologies, Ltd

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis