From USD 7.0 million in 2019, the global wireless electric vehicle charging market is predicted to grow to USD 174.6 million by 2027, registering a CAGR of 60.0% during the forecast period (2021–2027). Increasing pollution in the air in overcrowded cities leads to growing respiratory issues in the residents of such cities. These situations have led the government to provide subsidies to pollution depleting initiatives such as development of electric vehicles that is further driving the growth of global wireless electric vehicle charging markets. Furthermore, the leading companies in the battery manufacturing industry are showing great interest in investing towards wireless charging systems as electric vehicles are expected to gain huge momentum in the near future.
The BEV category, under the propulsion segment, would hold the largest share in the global wireless electric vehicle charging market in 2020
On the basis of propulsion, the global wireless electric vehicle charging market is segmented into BEV and PHEV. The BEV category, under the propulsion segment, would hold the largest share in the global wireless electric vehicle charging market in 2020. This is because of the leading players such as BMW, Nissan and Tesla are offering wireless charging in BEV models such as BMW i3 and Nissan Leaf.
During 2021–2027, the vehicle charging pod segment is expected to witness the fastest wireless electric vehicle charging market growth
Based on component, the global wireless electric vehicle charging market is categorized into base charging, power control unit, vehicle charging pad. During 2021–2027, the vehicle charging pod segment is expected to witness the fastest wireless electric vehicle charging market growth, as these pods helps in providing charging units for electric vehicles may be home, business or public use that offers high ease, flexibility and convenience to the users.
Global Wireless Electric Vehicle Charging Market Segmentation Analysis
Segment |
Categorization |
Leading Category |
Component |
Base Charging, Power Control Unit, Vehicle Charging Pad |
Vehicle Charging Pad (Faster) |
Application |
Home Charging Unit, Public or Commercial Charging Station |
Public or Commercial Charging Station (Faster) |
Charging Type |
Dynamic Wireless Charging System, Stationary Wireless Charging System |
Stationary Wireless Charging System (Larger) Dynamic Wireless Charging System (Faster) |
Vehicle Type |
Commercial Vehicle, Passenger Car |
Commercial Vehicle (Faster) |
Propulsion |
BEV, PHEV |
BEV (Largest) |
Region |
North America, Europe, Asia-Pacific, and Rest of the World |
Europe (Largest) Asia-Pacific (Fastest) |
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Geography Insight
Geographically, Europe was the largest wireless electric vehicle charging market in 2020. This is owing to the accessibility to well organized infrastructure that enhances the establishment of wireless charging infrastructure in this region. Development of effective infrastructure with access to large number of charging stations along with massive increase in the sale of electric vehicles in the region are the key factors driving the growth of global wireless electric vehicle charging market.
Competitive Insight
Some of the key players operating in the global wireless electric vehicle charging market are HEVO Inc., Integrated Device Technology, Inc., WiTricity Corporation, Robert Bosch GmbH, Toyota Motor Corporation, Daimler AG, Qualcomm Technologies, Continental AG, HELLA KGaA Hueck & Co., Mojo Mobility, and ZTE Corporation.
Scope of the Report
Report Metric |
Details |
Market Size Available for the Years in the Study |
2015 – 2027 |
Historical Period |
2015 – 2020 |
Base Year |
2020 |
Forecast Period |
2021 – 2027 |
Segments Covered in the Study |
Component, Distribution Channel, Application, Charging Type, Vehicle Type, Charging System, Supply Range, Propulsion, and Region |
Geographies Covered in the Study |
North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Russia, Denmark, Netherlands, Sweden, Austria, Spain, Norway), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa) |
Companies Covered in the Study |
HEVO Inc., Integrated Device Technology, Inc., WiTricity Corporation, Robert Bosch GmbH, Toyota Motor Corporation, Daimler AG, Qualcomm Technologies, Continental AG, HELLA KGaA Hueck & Co., Mojo Mobility, and ZTE Corporation |
Global Wireless Electric Vehicle Charging Market Coverage
Component Insight and Forecast 2015 – 2027
Distribution Channel Insight and Forecast 2015 – 2027
Application Insight and Forecast 2015 – 2027
Charging Type Insight and Forecast 2015 – 2027
Vehicle Type Insight and Forecast 2015 – 2027
Charging System Insight and Forecast 2015 – 2027
Supply Range Insight and Forecast 2015 – 2027
Propulsion Insight and Forecast 2015 – 2027
Geographical Segmentation
Wireless Electric Vehicle Charging Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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