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Market Snapshot

CAGR:6.06

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.06

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Report Overview

Wireless Charging for Electric Vehicle Market Analysis Report 2023-2032

The Wireless Charging for Electric Vehicle Market is on track to experience a Compound Annual Growth Rate (CAGR) of 7.85% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase of USD 3,215.25 million. The growth of this market is driven by several factors, including the increasing adoption of electric vehicles, the need for convenient and efficient charging solutions, and the drive toward sustainable transportation.

Wireless Charging for Electric Vehicle Market Overview

Drivers

One of the primary drivers behind the expansion of the Wireless Charging for Electric Vehicle Market is the accelerating adoption of electric vehicles (EVs). As the world shifts toward sustainable and environmentally friendly transportation solutions, the demand for convenient charging infrastructure is surging. Wireless charging offers EV owners an effortless and efficient way to power their vehicles.

Moreover, the push for smart cities and smart transportation solutions is bolstering the market. Wireless charging technology aligns with the vision of connected cities and smart grids, enabling seamless integration into urban infrastructure.

Trends

An important trend shaping the Wireless Charging for Electric Vehicle Market is the development of high-power wireless charging systems. These systems can significantly reduce charging times, making electric vehicles even more attractive for consumers. High-power wireless charging technology is particularly valuable for commercial fleets and public transportation.

Additionally, the market is witnessing a trend toward wireless charging interoperability, where different EVs can use the same charging stations. Standardization and interoperability are essential for widespread adoption, similar to how traditional gas stations are accessible to various vehicles.

Restraints

Cost remains a significant restraint for the Wireless Charging for Electric Vehicle Market. While the technology is evolving and becoming more cost-effective, wireless charging systems are initially expensive to install compared to traditional wired chargers. This initial cost may deter some infrastructure development.

Furthermore, concerns about energy efficiency and charging speed can be a restraint. EV owners may prefer wired charging stations that offer faster and more energy-efficient charging compared to some wireless systems.

Wireless Charging for Electric Vehicle Market Segmentation By Component

The wireless charging pad segment is expected to be a prominent growth component within the Wireless Charging for Electric Vehicle Market. These pads, installed on the ground or built into parking spots, offer convenient and unobtrusive charging options for EV owners.

Charging stations are another important segment. These are larger charging structures equipped with wireless technology, suitable for public use in areas like shopping malls, public parking, and commercial spaces.

Wireless Charging for Electric Vehicle Market Segmentation By Charging Type

The stationary wireless charging segment is projected to experience significant growth during the forecast period. Stationary wireless charging stations are fixed installations in parking spots, offering charging for EVs parked over them.

Dynamic wireless charging is another key segment to watch. This technology enables EVs to charge while in motion, primarily used for public transportation like electric buses. Dynamic charging paves the way for continuous and on-the-go energy replenishment.

Regional Overview:

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North America is anticipated to be a key driver of global Wireless Charging for Electric Vehicle Market growth. The region boasts significant EV adoption, and consumers are increasingly demanding convenient charging options. The United States and Canada are leading the charge in deploying wireless charging infrastructure.

The market experienced some fluctuations in demand during the COVID-19 pandemic due to economic uncertainties and changes in transportation habits. However, as the world progresses toward a greener future, the market is regaining momentum.

Wireless Charging for Electric Vehicle Market Customer Landscape

The Wireless Charging for Electric Vehicle Market report offers insights into the customer landscape, ranging from individual EV owners to public transportation providers and commercial fleet operators. It explores factors influencing purchase decisions, including charging speed, cost, and compatibility with EV models.

Major Wireless Charging for Electric Vehicle Market Companies

Prominent players in the Wireless Charging for Electric Vehicle Market are continuously innovating to enhance their products and expand their network. They are developing high-power wireless chargers, improving interoperability, and exploring advanced technologies like dynamic wireless charging.

Sample list of major companies in the market:

ChargeWave
VoltLink Charging Solutions
ElectriCharge
SwiftCharge Technologies
PowerFlow Systems

Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players.

Segment Overview

The Wireless Charging for Electric Vehicle Market report provides revenue forecasts on a global, regional, and country level. It also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Component Outlook (USD Million, 2019 - 2032)

Wireless Charging Pads
Charging Stations
Others

Charging Type Outlook (USD Million, 2019 - 2032)

Stationary Wireless Charging
Dynamic Wireless Charging
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
Japan
India
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Wireless Charging for Electric Vehicle MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Wireless Charging for Electric Vehicle MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Wireless Charging for Electric Vehicle Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Wireless Charging for Electric Vehicle MARKET BY Application SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Home

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Commercial

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Wireless Charging for Electric Vehicle MARKET BY Distribution Channel INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Aftermarket

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 OE

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Wireless Charging for Electric Vehicle MARKET REGIONAL OUTLOOK

7.1. Wireless Charging for Electric Vehicle Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Wireless Charging for Electric Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Wireless Charging for Electric Vehicle Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Wireless Charging for Electric Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Robert Bosch GmbH (Germany)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Continental AG (Germany)

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 WiTricity Corporation (US)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 ZTE Corporation (China)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 HELLA KGaA Hueck & Co. (Germany)

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiativesn

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Wireless Charging For Electric Vehicle Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032