
Electric Vehicle Wireless Charging Market Analysis and Forecast to 2034
Description
The electric vehicle wireless charging market size was USD 89.3 million in 2023 and is projected to reach USD 1,480 million by 2033, growing at a CAGR of 32.5% from 2024 to 2033. The Electric Vehicle Wireless Charging Market refers to the sector dedicated to developing and distributing technology that enables the charging of electric vehicles (EVs) without the need for physical connectors or cables. This technology, known as inductive charging, uses electromagnetic fields to transfer energy between two objects through electromagnetic induction. This innovative charging solution is designed to enhance the convenience and adoption of electric vehicles by eliminating the manual effort involved in traditional charging methods.
The growth of the electric vehicle wireless charging market is propelled by the global shift towards electric mobility, driven by increasing environmental concerns, stringent emission regulations, and advancements in battery technology. As consumers and governments push for cleaner transportation options, the demand for efficient and user-friendly charging infrastructure is on the rise. Wireless charging systems, with their ease of use and the capability to integrate seamlessly into daily activities, offer substantial market potential.
Industries such as automotive, urban planning, and renewable energy are integral to the adoption and integration of wireless charging technologies. In the automotive sector, major manufacturers are increasingly investing in wireless charging solutions to differentiate their products and improve user experience. Urban infrastructure can be enhanced with embedded wireless charging systems in public parking spots, highways, and homes, supporting the widespread use of EVs.
Furthermore, as the technology matures, it is expected to expand into larger applications including commercial and public transportation, providing significant opportunities for growth and innovation. The integration of wireless charging with smart city projects and renewable energy sources also presents a promising avenue for the expansion of this market, aligning with global efforts to establish more sustainable and efficient urban environments.
Key Market Trends in the Electric Vehicle Wireless Charging Market
Key Companies:
Wi Tricity, Plugless Power, HEVO, Momentum Dynamics, Evatran, Electreon, Wave, Qualcomm Halo, ZTE Corporation, Toshiba Corporation, Futaba Corporation, Elix Wireless, Bombardier Primove, Mojo Mobility, Powerby Proxi, Ossia, Energo Pro, DAIHEN Corporation, Continental AG, Vahle
Research Scope:
What to expect in the report:
Estimate and forecast the overall market size for the Electric Vehicle Wireless Charging Market, segmented by type, application, and region
Please Note: This report will be delivered by publisher within 2-3 business days of order confirmation.
The growth of the electric vehicle wireless charging market is propelled by the global shift towards electric mobility, driven by increasing environmental concerns, stringent emission regulations, and advancements in battery technology. As consumers and governments push for cleaner transportation options, the demand for efficient and user-friendly charging infrastructure is on the rise. Wireless charging systems, with their ease of use and the capability to integrate seamlessly into daily activities, offer substantial market potential.
Industries such as automotive, urban planning, and renewable energy are integral to the adoption and integration of wireless charging technologies. In the automotive sector, major manufacturers are increasingly investing in wireless charging solutions to differentiate their products and improve user experience. Urban infrastructure can be enhanced with embedded wireless charging systems in public parking spots, highways, and homes, supporting the widespread use of EVs.
Furthermore, as the technology matures, it is expected to expand into larger applications including commercial and public transportation, providing significant opportunities for growth and innovation. The integration of wireless charging with smart city projects and renewable energy sources also presents a promising avenue for the expansion of this market, aligning with global efforts to establish more sustainable and efficient urban environments.
Key Market Trends in the Electric Vehicle Wireless Charging Market
- Increased Adoption of Electric Vehicles: With the global push towards greener transportation, the surge in electric vehicle sales is driving demand for more convenient charging solutions such as wireless charging systems.
- Technological Advancements in Wireless Charging: Innovations such as dynamic wireless charging systems, which allow EVs to be charged while in motion, are set to revolutionize the market.These technologies promise to enhance user convenience and reduce range anxiety.
- Expansion of Public Infrastructure: Governments and private entities are increasingly investing in the infrastructure required to support wireless charging for electric vehicles, signaling strong growth prospects for this market.
- Integration with Smart City Projects: Wireless EV charging technology is becoming an integral part of smart city initiatives, aimed at promoting sustainable urban development and seamless integration of clean energy solutions.
- Growth in Autonomous Electric Vehicles: The rise of autonomous vehicles is expected to boost the demand for wireless charging solutions, as these vehicles require efficient and autonomous charging systems to maintain continuous operation without human intervention.
- Regulatory and Standardization Challenges: Diverse international standards and regulations can complicate the development and adoption of a uniform global wireless charging technology.
- High Cost of Implementation: The initial setup and infrastructure costs for wireless charging systems are significant, deterring rapid adoption among EV manufacturers and consumers.
- Technological Complexity: The integration of advanced wireless charging systems into existing electric vehicle designs requires overcoming substantial technological hurdles, potentially slowing down innovation cycles.
- Consumer Adoption Rates: Consumer skepticism and the slow rate of adoption due to concerns over efficiency and compatibility with existing and future EV models.
- Competition from Established Wired Charging Solutions: The widespread availability and established infrastructure of conventional wired charging solutions present a formidable barrier to widespread acceptance of wireless alternatives.
Key Companies:
Wi Tricity, Plugless Power, HEVO, Momentum Dynamics, Evatran, Electreon, Wave, Qualcomm Halo, ZTE Corporation, Toshiba Corporation, Futaba Corporation, Elix Wireless, Bombardier Primove, Mojo Mobility, Powerby Proxi, Ossia, Energo Pro, DAIHEN Corporation, Continental AG, Vahle
Research Scope:
- Estimates and forecasts the overall market size across type, application, and region.
- Provides detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling.
- Identifies factors influencing market growth and challenges, opportunities, drivers, and restraints.
- Identifies factors that could limit company participation in international markets to help calibrate market share expectations and growth rates.
- Evaluates key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities.
- Analyzes smaller market segments strategically, focusing on their potential, growth patterns, and impact on the overall market.
- Outlines the competitive landscape, assessing business and corporate strategies to monitor and dissect competitive advancements.
What to expect in the report:
Estimate and forecast the overall market size for the Electric Vehicle Wireless Charging Market, segmented by type, application, and region
- Provide detailed insights and key takeaways on both qualitative and quantitative trends, market dynamics, business frameworks, competitive landscapes, and comprehensive company profiling
- Identify and analyze factors influencing market growth, including challenges, opportunities, drivers, and restraints
- Examine factors that may limit company participation in selected international markets to accurately adjust market share expectations and growth rates
- Trace and evaluate key development strategies such as acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and research and development activities
- Conduct a thorough analysis of smaller market segments, focusing strategically on their potential, unique growth patterns, and their impact on the overall market
- Outline the competitive landscape meticulously within the market, including an assessment of business and corporate strategies aimed at monitoring and dissecting competitive advancements
- Identify primary market participants based on their business objectives, regional presence, product offerings, and strategic initiatives
Please Note: This report will be delivered by publisher within 2-3 business days of order confirmation.
Table of Contents
464 Pages
- Chapter: 1
- 1.1 Market Definition
- 1.2 Market Segmentation
- 1.3 Regional Coverage
- 1.4 Key Company Profiles
- 1.5 Key Manufacturers Profiles
- 1.6 Data Snapshot
- Chapter: 2
- 2.1 Summary
- 2.2 Key Opinion Leaders
- 2.3 Key Highlights of the Market, by Product
- 2.4 Key Highlights of the Market, by Component
- 2.5 Key Highlights of the Market, by Application
- 2.6 Key Highlights of the Market, by End user
- 2.7 Key Highlights of the Market, by Installation type
- 2.8 Key Highlights of the Market, by Equipment
- 2.9 Key Highlights of the Market, by Mode
- 2.10 Key Highlights of the Market, by North America
- 2.11 Key Highlights of the Market, by Europe
- 2.12 Key Highlights of the Market, by Asia-Pacific
- 2.13 Key Highlights of the Market, by Latin America
- 2.14 Key Highlights of the Market, by Middle East
- 2.15 Key Highlights of the Market, by Africa
- Chapter: 3
- 3.1 Market Attractiveness Analysis, by Region
- 3.2 Market Attractiveness Analysis, by Product
- 3.3 Market Attractiveness Analysis, by Component
- 3.4 Market Attractiveness Analysis, by Application
- 3.5 Market Attractiveness Analysis, by End user
- 3.6 Market Attractiveness Analysis, by Installation type
- 3.7 Market Attractiveness Analysis, by Equipment
- 3.8 Market Attractiveness Analysis, by Mode
- 3.9 Market Attractiveness Analysis, by North America
- 3.10 Market Attractiveness Analysis, by Europe
- 3.11 Market Attractiveness Analysis, by Asia-Pacific
- 3.12 Market Attractiveness Analysis, by Latin America
- 3.13 Market Attractiveness Analysis, by Middle East
- 3.14 Market Attractiveness Analysis, by Africa
- Chapter: 4
- 4.1 Market Drivers
- 4.2 Market Trends
- 4.3 Market Restraints
- 4.4 Market Opportunities
- 4.5 Porters Five Forces Analysis
- 4.6 PESTLE Analysis
- 4.7 Value Chain Analysis
- 4.8 4Ps Model
- 4.9 ANSOFF Matrix
- Chapter: 5
- 5.1 Parent Market Analysis
- 5.2 Supply-Demand Analysis
- 5.3 Consumer Buying Interest
- 5.4 Case Study Analysis
- 5.5 Pricing Analysis
- 5.6 Regulatory Landscape
- 5.7 Supply Chain Analysis
- 5.8 Competition Product Analysis
- 5.9 Recent Developments
- Chapter: 6
- 6.1 Electric Vehicle Wireless Charging Market Market Size, by Value
- 6.2 Electric Vehicle Wireless Charging Market Market Size, by Volume
- Chapter: 7
- 7.1 Key Market Overview, Trends & Opportunity Analysis
- 7.2 Market Size and Forecast, by Product
- 7.2.1 Market Size and Forecast, by Inductive
- 7.2.1 Market Size and Forecast, by Resonant Inductive
- 7.2.1 Market Size and Forecast, by Capacitive
- 7.2.1 Market Size and Forecast, by Magnetic Resonance
- 7.3 Market Size and Forecast, by Component
- 7.3.1 Market Size and Forecast, by Base Charging Pad
- 7.3.1 Market Size and Forecast, by Power Control Unit
- 7.3.1 Market Size and Forecast, by Vehicle Charging Pad
- 7.4 Market Size and Forecast, by Application
- 7.4.1 Market Size and Forecast, by Passenger Cars
- 7.4.1 Market Size and Forecast, by Commercial Vehicles
- 7.4.1 Market Size and Forecast, by Public Transport
- 7.5 Market Size and Forecast, by End user
- 7.5.1 Market Size and Forecast, by Automotive OEMs
- 7.5.1 Market Size and Forecast, by Aftermarket
- 7.5.1 Market Size and Forecast, by Fleet Operators
- 7.5.1 Market Size and Forecast, by Public Charging Infrastructure
- 7.6 Market Size and Forecast, by Installation type
- 7.6.1 Market Size and Forecast, by Aftermarket Installation
- 7.6.1 Market Size and Forecast, by OEM Installation
- 7.7 Market Size and Forecast, by Equipment
- 7.7.1 Market Size and Forecast, by Charging Stations
- 7.7.1 Market Size and Forecast, by Onboard Charging Units
- 7.8 Market Size and Forecast, by Mode
- 7.8.1 Market Size and Forecast, by Plug-in Hybrid
- 7.8.1 Market Size and Forecast, by Battery
- Chapter: 8
- 8.1 Overview
- 8.2 North America
- 8.3.1 Key Market Trends and Opportunities
- 8.3.2 North America Market Size and Forecast, by Product
- 8.3.3 North America Market Size and Forecast, by Inductive
- 8.3.4 North America Market Size and Forecast, by Resonant Inductive
- 8.3.5 North America Market Size and Forecast, by Capacitive
- 8.3.6 North America Market Size and Forecast, by Magnetic Resonance
- 8.3.7 North America Market Size and Forecast, by Component
- 8.3.8 North America Market Size and Forecast, by Base Charging Pad
- 8.3.9 North America Market Size and Forecast, by Power Control Unit
- 8.3.10 North America Market Size and Forecast, by Vehicle Charging Pad
- 8.3.11 North America Market Size and Forecast, by Application
- 8.3.12 North America Market Size and Forecast, by Passenger Cars
- 8.3.13 North America Market Size and Forecast, by Commercial Vehicles
- 8.3.14 North America Market Size and Forecast, by Public Transport
- 8.3.15 North America Market Size and Forecast, by End user
- 8.3.16 North America Market Size and Forecast, by Automotive OEMs
- 8.3.17 North America Market Size and Forecast, by Aftermarket
- 8.3.18 North America Market Size and Forecast, by Fleet Operators
- 8.3.19 North America Market Size and Forecast, by Public Charging Infrastructure
- 8.3.20 North America Market Size and Forecast, by Installation type
- 8.3.21 North America Market Size and Forecast, by Aftermarket Installation
- 8.3.22 North America Market Size and Forecast, by OEM Installation
- 8.3.23 North America Market Size and Forecast, by Equipment
- 8.3.24 North America Market Size and Forecast, by Charging Stations
- 8.3.25 North America Market Size and Forecast, by Onboard Charging Units
- 8.3.26 North America Market Size and Forecast, by Mode
- 8.3.27 North America Market Size and Forecast, by Plug-in Hybrid
- 8.3.28 North America Market Size and Forecast, by Battery
- 8.3.29 United States
- 8.3.30 United States Market Size and Forecast, by Product
- 8.3.31 United States Market Size and Forecast, by Inductive
- 8.3.32 United States Market Size and Forecast, by Resonant Inductive
- 8.3.33 United States Market Size and Forecast, by Capacitive
- 8.3.34 United States Market Size and Forecast, by Magnetic Resonance
- 8.3.35 United States Market Size and Forecast, by Component
- 8.3.36 United States Market Size and Forecast, by Base Charging Pad
- 8.3.37 United States Market Size and Forecast, by Power Control Unit
- 8.3.38 United States Market Size and Forecast, by Vehicle Charging Pad
- 8.3.39 United States Market Size and Forecast, by Application
- 8.3.40 United States Market Size and Forecast, by Passenger Cars
- 8.3.41 United States Market Size and Forecast, by Commercial Vehicles
- 8.3.42 United States Market Size and Forecast, by Public Transport
- 8.3.43 United States Market Size and Forecast, by End user
- 8.3.44 United States Market Size and Forecast, by Automotive OEMs
- 8.3.45 United States Market Size and Forecast, by Aftermarket
- 8.3.46 United States Market Size and Forecast, by Fleet Operators
- 8.3.47 United States Market Size and Forecast, by Public Charging Infrastructure
- 8.3.48 United States Market Size and Forecast, by Installation type
- 8.3.49 United States Market Size and Forecast, by Aftermarket Installation
- 8.3.50 United States Market Size and Forecast, by OEM Installation
- 8.3.51 United States Market Size and Forecast, by Equipment
- 8.3.52 United States Market Size and Forecast, by Charging Stations
- 8.3.53 United States Market Size and Forecast, by Onboard Charging Units
- 8.3.54 United States Market Size and Forecast, by Mode
- 8.3.55 United States Market Size and Forecast, by Plug-in Hybrid
- 8.3.56 United States Market Size and Forecast, by Battery
- 8.3.57 Local Competition Analysis
- 8.3.58 Local Market Analysis
- Chapter: 9
- 9.1 Overview
- 9.2 Market Share Analysis
- 9.3 Key Player Positioning
- 9.4 Competitive Leadership Mapping
- 9.5 Star Players
- 9.6 Innovators
- 9.7 Emerging Players
- 9.8 Vendor Benchmarking
- 9.9 Developmental Strategy Benchmarking
- 9.10 New Product Developments
- 9.11 Product Launches
- 9.12 Business Expansions
- 9.13 Partnerships, Joint Ventures, and Collaborations
- 9.14 Mergers and Acquisitions
- Chapter: 10
- 10.1 Wi Tricity
- 10.2 Plugless Power
- 10.3 HEVO
- 10.4 Momentum Dynamics
- 10.5 Evatran
- 10.6 Electreon
- 10.7 Wave
- 10.8 Qualcomm Halo
- 10.9 ZTE Corporation
- 10.10 Toshiba Corporation
- 10.11 Futaba Corporation
- 10.12 Elix Wireless
- 10.13 Bombardier Primove
- 10.14 Mojo Mobility
- 10.15 Powerby Proxi
- 10.16 Ossia
- 10.17 Energo Pro
- 10.18 DAIHEN Corporation
- 10.19 Continental AG
- 10.20 Vahle
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