Global Wireless Electric Vehicle Charging Market Overview :
Global Wireless Electric Vehicle Charging market is estimated to reach $1531.3 Million by 2025; growing at a CAGR of 21.6% till 2025. Automotive Wireless charging is the process of electrically charging electric vehicle without the need for a wired electrical power connection. It enables the wireless transfer of electrical charge from a charging device to the vehicle. Wireless charging is also known as inductive charging, although it is one of the forms/techniques of wireless charging.
Global Wireless Electric Vehicle Charging Market: Growth Factors
Increase in sales of electric vehicles (EVs), Increasing demand for the energy-efficient source as an alternative due to a considerable increase in fuel price are key driving factors of the market. However, Technology is expensive to integrate and comparatively slower charging might hamper market growth. Excessive research in far-field wireless charging technologies would provide lucrative opportunities for the market in the coming years.
Global Wireless Electric Vehicle Charging Market: Segmentation
The global Wireless Electric Vehicle Charging market is mainly classified based on Power Source, Installation, Distribution Channel, and Vehicle Type. Power Source is further segmented into 3<11 kW, 1150 kW, and >50 kW. By Installation, the market is divided into Home and Commercial Installations. By Distribution Channel the market is further divided into OEMs and Aftermarket. By Vehicle Type, the global Wireless Electric Vehicle Charging market is divided as BEV, HEV, and Commercial EV.
Global Wireless Electric Vehicle Charging Market: Regional Analysis
Based on geography, the global Wireless Electric Vehicle Charging market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is segmented into South America, the Middle East, and Africa
Global Wireless Electric Vehicle Charging Market: Competitive Players
Key players operating in the market include Continental AG, Robert Bosch GmbH, Qualcomm, Inc, Toyota Motor Corporation, Powermat Technologies Ltd., Qualcomm Technologies, Inc, Texas Instruments Inc., WiTricity Corporation, Toshiba Corporation, Elix Wireless, and Evatran Group Inc.
Wireless Electric Vehicle Charging Market Key Segments:
By Power Source
- 3<11 kW
- 1150 kW
- >50 kW
By Distribution Channel
By Vehicle Type
- Commercial EV
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- Continental AG
- Robert Bosch GmbH
- Qualcomm, Inc
- Toyota Motor Corporation
- Powermat Technologies Ltd.
- Qualcomm Technologies, Inc
- Texas Instruments Inc.
- Witricity Corporation
- Toshiba Corporation
- Elix Wireless
- Evatran Group Inc
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies to fortify their foothold in the market