Report Id: SNS/AUTO/1078 | May 2022 | Region: Global | 130 Pages
Report Scope & Overview:
Automotive Wireless EV Charging Market Size was valued at USD 10.2 million in 2021 and is expected to reach USD 364.87 million by 2028 and grow at a CAGR of 66.7% over the forecast period 2022-2028.
The wireless electric car charging industry is based on the transmission of energy from a power source to a consumer product without the use of wires or cables. Electric vehicle charging and powering technology is trustworthy, convenient, and secure. It also exceeds traditional charging systems in terms of efficiency, cost-effectiveness, and safety because no physical connectors or wires are used. The wireless electric vehicle charging market is predicted to develop as the trend and interest in autonomous ride-sharing grows, and it will be the most viable alternative for OEMs and autonomous fleet operators.
According to market data, the global wireless electric car charging sector is growing in popularity. The customer has learned about the product and is eager to buy it. Growing production and adoption of electric passenger cars, increased investment in smart city technologies, and governmental financial incentives are only a few facets of the charging business.
The penetration of smartphones and other electronic products has increased the need for wireless devices.
The Wireless Electric Vehicle Charger makes it simple for businesses & individuals to charge their vehicles.
Numerous encryption features are included in wireless electric vehicle charging devices.
There is a dearth of awareness among businesses concerning privacy and security risks.
The average degree of understanding of the hybrid cloud's security benefits has had a significant impact on its acceptance rate.
Private data protection prevents businesses from moving their operations to the cloud.
The risk of hybrid cloud constraints grows as a result of a lack of understanding of cloud computing governance.
There are many small and medium businesses (SMEs) involved.
The native government's encouragement of wireless service adoption represents a scalable opportunity.
The use of modern technology for both business and personal purposes may exceed market demand.
There are numerous hurdles, such as high manufacturing costs and time-consuming production procedures.
When compared to traditional power transfer, the wireless charging method loses around 7–12% of its power.
The limited transmission range of a wireless charger poses a significant barrier.
The problem of safety during vehicle charging is another concern in the wireless charging business.
IMPACT OF COVID-19:
Due to tangled supply chains, the world's leading wireless electric vehicle charging technology and systems manufacturers have halted production in European countries and Asia-Pacific regions (India, Republic of China, and South Korea).
Growing economies like China and India have announced a slew of pricey stimulus measures to help the EV business overcome an economic crisis brought on by Covid-19 by investing substantially in high-tech and emerging charging infrastructure. China is one of the first countries to offer investment packages to help its car industry grow and be regulated. During the forecast period, this is likely to fuel the growth of the EV charging system market.
KEY MARKET PLAYERS:
The top participants in the wireless electric vehicle (EV) charging industry report are Continental AG, TOYOTA MOTOR CORPORATION, Qualcomm Technologies Inc., Bombardier, HELLA GmbH & Co. KGaA, WiTricity Corporation, TOSHIBA CORPORATION, LIX Wireless, HEVO Power, AddÉnergie Technologies Inc., ZTE Corporation, ABB, Alfen N.V., Allego B.V.
Market, By Propulsion Type:
Based on propulsion type, the market is divided into two categories: BEV, and PHEV. In 2020, the wireless electric vehicle (EV) charging systems market was dominated by the battery-electric cars segment. The segment's substantial proportion is due to the increasing adoption of battery electric vehicles around the world, government requirements to phase out fossil fuel-powered vehicles, and increasing government incentives for converting to electric mobility.
Market, By Application:
Based on application, the market is divided into two categories: commercial charging systems, and residential charging systems. In 2020, the commercial wireless EV charging systems segment accounted for the greatest share of the total wireless EV charging systems market. Furthermore, the growing popularity of electric vehicles among many consumer categories has highlighted the need for more public wireless charging infrastructure.
Market, by Distribution Channel:
Based on the distribution channel, the market is divided into two categories: OEM, and Aftermarket. The substantial share of this market is due to rising electric vehicle sales, an increase in pilot projects for resonant inductive power transfer technology, and the expanding integration of resonant inductive power transfer technology into vehicles by key automotive OEMs.
Market, by Power Supply:
Based on the power supply, the market is divided into three categories: 3<=11 KW, 11-50 KW, and >50 KW. In 2020, the wireless electric vehicle (EV) charging systems market was dominated by the segment of less than 11 kW. The high market share is due to the standardization of wireless EV charging systems in the 'up to 11kW' class, which has resulted in significant investments by automotive OEMs.
Market, by Component:
Based on the component, the market is divided into three categories: Base Charging Pad, Power Control Unit, and Vehicle Charging Pad. In 2020, the wireless electric vehicle (EV) charging systems market's base pads category accounted for the highest proportion. Increasing deployments of wireless EV charging systems are likely to boost demand for wireless EV charging base pads over the forecast period.
By Propulsion Type:
Commercial charging system
Residential charging system
By Distribution Channel:
By Power Supply:
Base Charging Pad
Power Control Unit
Vehicle Charging Pad
Because of the government, North America is expected to dominate the global wireless electric car charger market with the biggest market share. This minimizes the region's reliance on oil-related commodities, making the area a highly profitable market for electric vehicle charging. The European market for wireless electric vehicle chargers is expected to increase at twice the rate of the global industry. Many instances are occurring on a global scale, such as Oak Ridge National Labs (ORNL) announcing the development of a wireless electric vehicle charger with a capacity of 20 kW. The current device has a 90 percent efficiency rating. Leviton has recently announced the launch of a small charging station for electric vehicles. Various developments are taking place all around the world.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 10.2 Million|
|Market Size by 2028||US$ 364.87 Million|
|CAGR||CAGR of 66.7% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Propulsion Type (BEV, PHEV)
• by Application (Commercial charging system, Residential charging system)
• by Distribution Channel (OEM, Aftermarket)
• by Power Supply (3<=11 KW, 11-50 KW, >50 KW)
• by Component (Base Charging Pad, Power Control Unit, Vehicle Charging Pad)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||electric vehicle (EV) charging industry report are Continental AG, TOYOTA MOTOR CORPORATION, Qualcomm Technologies Inc., Bombardier, HELLA GmbH & Co. KGaA, WiTricity Corporation, TOSHIBA CORPORATION, LIX Wireless, HEVO Power, AddÉnergie Technologies Inc., ZTE Corporation, ABB, Alfen N.V., Allego B.V.|
|Key Drivers||•The penetration of smartphones and other electronic products has increased the need for wireless devices.
•The Wireless Electric Vehicle Charger makes it simple for businesses & individuals to charge their vehicles.
|RESTRAINTS||•There is a dearth of awareness among businesses concerning privacy and security risks.
•The average degree of understanding of the hybrid cloud's security benefits has had a significant impact on its acceptance rate.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of the Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Wireless EV Charging Market Segmentation, by Propulsion Type
9. Global Automotive Wireless EV Charging Market Segmentation, by Application
9.1 Commercial charging system
9.2 Residential charging system
10. Global Automotive Wireless EV Charging Market Segmentation, by Distribution Channel
11. Global Automotive Wireless EV Charging Market Segmentation, by Power Supply
11.1 3<=11 KW
11.2 11-50 KW
11.3 >50 KW
12. Global Automotive Wireless EV Charging Market Segmentation, by Component
12.1 Base Charging Pad
12.2 Power Control Unit
12.3 Vehicle Charging Pad
13. Regional Analysis
13.2 North America
13.2.1 the USA
13.3.2 the UK
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Qualcomm Technologies Inc.,
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Continental AG
14.3 TOYOTA MOTOR CORPORATION
14.4 Qualcomm Technologies Inc.
14.6 HELLA GmbH & Co. KGaA
14.7 WiTricity Corporation
14.8 TOSHIBA CORPORATION
14.9 LIX Wireless
14.10 HEVO Power
14.11 AddÉnergie Technologies Inc.
14.12 ZTE Corporation
14.14 Alfen N.V.
14.15 Allego B.V.
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
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