Base Year
Historical Year
Forecast Year
The global wireless electric vehicle charging market stood at a value of around USD 23.92 million in 2023. The market is further expected to grow at a CAGR of 36.40% in the forecast period of 2024-2032 to attain a value of USD 390.57 million by 2032.
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Based on charging method, the resonant inductive power transfer segment is predicted to hold a considerable market share in the wireless electric vehicle charging industry. This growth can be attributed to the increased implementation of resonant inductive power transfer mechanism owing to its high-quality transfer of power at a high rate through the use of resonance. In addition, the power can be transferred over a long distance through this mechanism, which is expected to further aid the segment growth.
The Asia Pacific is estimated to hold a significant share of the wireless electric vehicle charging industry in the forecast period. This growth can be attributed to the heightened demand for electric vehicles in the region, especially in China, as a consequence of increasing pollution levels. In addition, the steadily increasing global population and the rising disposable incomes are also predicted to propel the market growth. Furthermore, the development of environment-oriented policies put forth to mitigate the carbon emissions in the region is also estimated to aid the market growth.
Wireless electric vehicle charging is an emerging phenomenon, wherein individuals can charge their EVs without the need of wired cables. Wireless charging allows for automatic charging that can be done by parking the car on a commercial charging spot, which can also be home installed. In addition, the increasing technological advancements are leading to the development of on-the-go charging systems. The major advantages of this technology include reduced infrastructure costs, high speed charging, low maintenance costs, and no electromagnetic emissions, among others.
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By power source, the market is divided into:
On the basis of charging method, the market can be segmented into:
Based on installation, the industry can be bifurcated into:
On the basis of distribution channel, the market can be distributed into:
Based on vehicle type, the market can be categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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According to the World Bank, pollution is the number one cause of disease and premature death, with 9 million deaths yearly caused as a direct result of air, water, and land pollution. As a result, governments are strategising policies to mitigate pollution levels and global carbon emissions in order to counter the issues of global warming. This is leading to innovations such as the development of electric vehicles that utilise sustainable and renewable energy such as electricity, which serves as an alternative to the usage of conventional crude oil and fuels. This is estimated to spearhead the demand for electric vehicles worldwide. Moreover, the rapid investments in the R&D of electric vehicle charging mechanisms and the development of wireless charging outlets are also predicted to observe an increased demand in the coming years. Furthermore, the rapid technological advancements are also expected to aid the industry growth. These factors are estimated to positively impact the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global wireless electric vehicle charging market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Power Source |
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| Breakup by Charging Method |
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| Breakup by Installation |
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| Breakup by Distribution Channel |
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| Breakup by Vehicle type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Wireless Electric Vehicle Charging Market Size
Wireless Electric Vehicle Charging Market Share
Wireless Electric Vehicle Charging Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global wireless electric vehicle charging market attained a value of nearly USD 23.92 million.
The market is projected to grow at a CAGR of 36.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 390.57 million by 2032.
The major market drivers are the increasing demand for electric vehicles, the surging development of wireless electric vehicle charging outlets, and growing investments in R&D activities by key players.
The key trends propelling the market growth include rapid technological advancements and favourable government regulations aimed at promoting electric vehicle sales.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major power sources considered in the market report include 3≤11 KW, 11-50 KW, and >50 KW.
The significant charging methods considered in the market report are capacitive wireless power transfer, magnetic gear wireless power transfer, resonant inductive power transfer, and inductive power transfer.
The various segments based on installations of wireless electric vehicle charging considered in the market report are home and commercial.
The major distribution channels include OEMs and aftermarket.
The significant segments based on vehicle types considered in the market report are battery electric vehicle, plug-in hybrid electric vehicles, and commercial EV.
The major players in the market are Bombardier Inc., Continental AG, Plugless Power Inc, Fulton Innovation LLC, and Qualcomm Technologies, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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