Wireless Car Charging Market : Global Demand Analysis & Opportunity Outlook 2029

Market Segmentation

Our in-depth analysis of the wireless car charging market includes the following segments:

By Vehicle Type

Plug-In Hybrid Electric Vehicles (PHEV)
Battery Electric Vehicles (BEV)
Commercial Electric Vehicles (CEV)

By Power Supply

3 – <11
11 – 50
>50 KW

By Charging Type

Dynamic Wireless Charging System
Stationary Wireless Charging System

By Application

Residential
Commercial

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Global Wireless Car Charging Market Regional Synopsis

On the basis of regional analysis, the wireless car charging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in Europe is estimated to acquire the largest share over the forecast period on the back of strong presence of leading market players and a well-developed infrastructure. In addition to these, Europe has witnessed a surge in electric vehicle purchase since the last five years, which in turn is expected to create new avenues for the innovations in wireless charging technologies in this region. Approximately 1.5 million electric vehicles were registered in Europe in 2020, growing at a rate of about 135% more than in the previous year. High levels of income in countries, namely France, United Kingdom and Germany, is also a crucial factor predicted to provide lucrative growth opportunities to the market in the near future.

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The wireless car charging market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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Top Featured Companies Dominating the Market

Continental AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Robert Bosch GmbH
Qualcomm Technologies, Inc.
WiTricity Corporation.
HELLA GmbH & Co. KGaA
PLUGLESS POWER INC.
HEVO Inc.
Momentum Wireless Power
EFACEC Power Solutions, SGPS, S.A.
Energizer Brands, LLC

In The News

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the wireless car charging market?

Ans: Increasing electric vehicle sales and growing investments in wireless charging technology is estimated to drive market growth.

2) What would be the CAGR of wireless car charging market over the forecast period?

Ans: The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021 – 2029.

3) What are the challenges affecting the wireless car charging market growth?

Ans: Costly technology integration of wireless car charging systems is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of wireless car charging market in future?

Ans: Europe will provide more business growth opportunities on the back of strong presence of leading market players.

5) Who are the major players dominating the wireless car charging market?

Ans: The major players in the market are Continental AG, Robert Bosch GmbH, Qualcomm Technologies, Inc., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the wireless car charging market?

Ans: The market is segmented by vehicle type, power supply, charging type, application, and by region.

8) Which segment captures the largest market size in the vehicle type segment in the wireless car charging market?

Ans: The battery electric vehicle (BEV) segment is anticipated to hold largest market size and is estimated to grow at a high CAGR over the forecast period and display significant growth opportunities.