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Automotive Wireless EV Charging Market Report Scope & Overview:

The Automotive Wireless EV Charging Market Size was valued at USD 17 million in 2022 and is expected to reach USD 1.01 billion by 2030 and grow at a CAGR of 66.7% over the forecast period 2023-2030.

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 Infrastructure 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.

Automotive Wireless EV Charging Market Revenue Analysis

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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.

MARKET DYNAMICS:

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

  • Numerous encryption features are included in wireless electric vehicle charging devices

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

  • 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

OPPORTUNITIES: 

  • 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

CHALLENGES: 

  • 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.

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 2022, 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.

MARKET SEGMENTATION:

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

Automotive Wireless EV Charging Market Segmentation Analysis

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REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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

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.

Qualcomm Technologies Inc-Company Financial Analysis

Automotive Wireless EV Charging Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 17  Million
Market Size by 2030 US$ 1.01  Billion
CAGR CAGR of 66.7% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
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

Automotive Wireless EV Charging Market Size was valued at USD 17 million in 2022.

The forecast period of Automotive Wireless EV Charging Market is 2023-2030.

The major players are 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, and others.

  • 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.

North America Region Is Dominating the Automotive Wireless EV Charging Market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Wireless EV Charging Market Segmentation, by Propulsion Type

8.1 BEV

8.2 PHEV

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

10.1 OEM

10.2 Aftermarket

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

13.1 Introduction

13.2 North America

13.2.1 the USA

13.2.2  Canada

13.2.3  Mexico

13.3 Europe

13.3.1  Germany

13.3.2  the UK

13.3.3  France

13.3.4  Italy

13.3.5  Spain

13.3.6  The Netherlands

13.3.7  Rest of Europe

13.4 Asia-Pacific

13.4.1  Japan

13.4.2  South Korea

13.4.3  China

13.4.4  India

13.4.5  Australia

13.4.6  Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1  Israel

13.5.2  UAE

13.5.3  South Africa

13.5.4  Rest

13.6 Latin America

13.6.1  Brazil

13.6.2  Argentina

13.6.3  Rest of Latin America

14. Company Profiles

14.1 Qualcomm Technologies Inc.,

14.1.1 Financial

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.

14.5 Bombardier

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

14.13 ABB

14.14 Alfen N.V.

14.15 Allego B.V.

15. Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

16. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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