Press Releases

The global onboard charger market was valued at USD 1.4 billion in 2023 and is expected to reach USD 4.4 billion by 2030, growing at a CAGR of 17.2% during 2025 -2030. Growth in a number of autonomous driving vehicles, 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 the near future.  

Passenger cars held the larger share in the on-board charger market in 2023

Based on vehicle type, the market is bifurcated into passenger cars and commercial vehicles. Passenger car is expected to account for the higher market share in the current year and are expected to grow at a faster rate with rising adoption of automated and hybrid cars globally.

Global On-Board Charger (OBC) Market Segmentation and Key Players

Geography Insight

Geographically, APAC, mainly China is the largest on-board charger market with the 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.

Competitive Insight

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.

Key Takeaway from the Report:

• Among all the propulsion types, the battery-electric vehicle segment will capture the largest market share in 2023.
• Of all the power output, less than 10 KW charger types accounted for the foremost share in 2023.
• Among all the vehicle types, Passenger car is expected to account the higher market share in 2023.

The Report Offers:

• Historical market estimate for the years 2018–2023 and forecast for the years 2025–2030
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview, and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

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The report provides the market value for the base year 2023 and a yearly forecast till 2030 for revenue (USD Billion). The report segments the global on-board charger market based on propulsion type, power output, vehicle type, and region.

Global On-Board Charger Market Coverage

Propulsion Type Insight and Forecast 2025 – 2030

• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)

Power Output Insight and Forecast 2025 – 2030

• Less than 10 KW
• 10 KW–20 KW
• More than 20 KW

Vehicle Type Insight and Forecast 2025 – 2030

• Passenger Vehicle
• Commercial Vehicle

Geographical Segmentation

On-Board Charger Market by Region

North America

• By Propulsion Type
• By Power Output
• By Vehicle Type
• By Country – U.S., Canada, and Mexico

Europe

• By Propulsion Type
• By Power Output
• By Vehicle Type
• By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

• By Propulsion Type
• By Power Output
• By Vehicle Type
• By Country – China, Japan, India, South Korea, Singapore, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Propulsion Type
• By Power Output
• By Vehicle Type
• By Country – Brazil, South Africa, Saudi Arabia, and Other Countries