Electric Vehicle Wireless Charging Market by Power Range (11 - 50 kW, 3 - <11 kW, > 50 kW), Charging Type, Charging Technology, Vehicle Type, Application

Description

List of Tables

The Electric Vehicle Wireless Charging Market was valued at USD 718.46 million in 2023, expected to reach USD 817.01 million in 2024, and is projected to grow at a CAGR of 15.21%, to USD 1,936.18 million by 2030.

Electric vehicle (EV) wireless charging signifies an innovative leap in EV technology, eliminating the need for cumbersome cables. It involves transferring energy from a charging pad on the ground to a vehicle's battery via electromagnetic fields. The necessity for this technology is driven by convenience, the potential for automatic charging, and fostering the adoption of EVs by alleviating range anxiety. Its applications extend beyond personal vehicles to public transport and commercial fleet operators, enhancing operational efficiency. Key end-use sectors include residential settings, public infrastructure, and commercial spaces. Growth factors attributing to the market's expansion include rising EV adoption, technological advancements in dynamic and static wireless charging, and governmental push towards sustainable practices. Market insights reveal strong growth prospects in regions like North America and Europe, chiefly due to extensive research and investments. New opportunities lie in integrating wireless charging with autonomous vehicles and smart grids, requiring continued advancements in efficiency and interoperability. Recommendations include investing in R&D for scalable solutions and collaborations with tech firms and municipalities. However, the market faces challenges such as high infrastructure costs and the need for global standardization to ensure compatibility across brands and models. Concerns around energy efficiency and the health implications of electromagnetic fields also pose constraints. Innovation areas ripe for exploration include improving charging speed, miniaturizing technology for covert installations, and maximizing distance between vehicle and charger for enhanced user experience. The market's dynamic nature, characterized by rapid technological shifts and evolving consumer expectations, demands stakeholders remain agile and informed. Focused investment in technology development and strategic partnerships will be critical to overcoming limitations and tapping into the significant growth potential of wireless EV charging solutions.

KEY MARKET STATISTICS
Base Year [2023]	USD 718.46 million
Estimated Year [2024]	USD 817.01 million
Forecast Year [2030]	USD 1,936.18 million
CAGR (%)	15.21%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Electric Vehicle Wireless Charging Market

The Electric Vehicle Wireless Charging Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising EV production and sales worldwide
- Requirements for more efficient and compact charging systems
- Governmental support for electric vehicle deployment and charging infrastructure
Market Restraints
- Low charging efficiency of wireless charging than wired charging system
Market Opportunities
- Growing investments in EV charging infrastructure
- Ongoing research and development for development of cost-effective wireless charging technologies
Market Challenges
- Concerns related to safety and thermal management

Porter's Five Forces: A Strategic Tool for Navigating the Electric Vehicle Wireless Charging Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Electric Vehicle Wireless Charging Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Electric Vehicle Wireless Charging Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Electric Vehicle Wireless Charging Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Electric Vehicle Wireless Charging Market

A detailed market share analysis in the Electric Vehicle Wireless Charging Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Electric Vehicle Wireless Charging Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Electric Vehicle Wireless Charging Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Electric Vehicle Wireless Charging Market

A strategic analysis of the Electric Vehicle Wireless Charging Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Electric Vehicle Wireless Charging Market, highlighting leading vendors and their innovative profiles. These include Continental AG, EVgo Services LLC, Hevo Inc., IPT Technology GmbH, Nidec Mobility Corporation, Powermat Technologies Ltd., Qualcomm Technologies, Inc., Renesas Electronics Corporation, Robert Bosch GmbH, Siemens AG, Tesla, Inc., Texas Instruments Inc., TGOOD Global Ltd., Toshiba Corporation, Toyota Motor Corporation, and WiTricity Corporation.

Market Segmentation & Coverage

This research report categorizes the Electric Vehicle Wireless Charging Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Power Range, market is studied across 11 - 50 kW, 3 - 50 kW.
Based on Charging Type, market is studied across Dynamic Wireless Charging System and Static Wireless Charging System.
Based on Charging Technology, market is studied across Capacitive Wireless Power Transfer, Inductive Wireless Power Transfer, and Magnetic Wireless Power Transfer.
Based on Vehicle Type, market is studied across Commercial Vehicle and Passenger Vehicle.
Based on Application, market is studied across Commercial Charging Unit and Home Charging Unit.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-E23B11024471

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising EV production and sales worldwide
  - 5.1.1.2. Requirements for more efficient and compact charging systems
  - 5.1.1.3. Governmental support for electric vehicle deployment and charging infrastructure
- 5.1.2. Restraints
  - 5.1.2.1. Low charging efficiency of wireless charging than wired charging system
- 5.1.3. Opportunities
  - 5.1.3.1. Growing investments in EV charging infrastructure
  - 5.1.3.2. Ongoing research and development for development of cost-effective wireless charging technologies
- 5.1.4. Challenges
  - 5.1.4.1. Concerns related to safety and thermal management
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Electric Vehicle Wireless Charging Market, by Power Range

6.1. Introduction
6.2. 11 - 50 kW
6.3. 3 - <11 kW
6.4. > 50 kW

7. Electric Vehicle Wireless Charging Market, by Charging Type

7.1. Introduction
7.2. Dynamic Wireless Charging System
7.3. Static Wireless Charging System

8. Electric Vehicle Wireless Charging Market, by Charging Technology

8.1. Introduction
8.2. Capacitive Wireless Power Transfer
8.3. Inductive Wireless Power Transfer
8.4. Magnetic Wireless Power Transfer

9. Electric Vehicle Wireless Charging Market, by Vehicle Type

9.1. Introduction
9.2. Commercial Vehicle
9.3. Passenger Vehicle

10. Electric Vehicle Wireless Charging Market, by Application

10.1. Introduction
10.2. Commercial Charging Unit
10.3. Home Charging Unit

11. Americas Electric Vehicle Wireless Charging Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Electric Vehicle Wireless Charging Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Electric Vehicle Wireless Charging Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Continental AG
2. EVgo Services LLC
3. Hevo Inc.
4. IPT Technology GmbH
5. Nidec Mobility Corporation
6. Powermat Technologies Ltd.
7. Qualcomm Technologies, Inc.
8. Renesas Electronics Corporation
9. Robert Bosch GmbH
10. Siemens AG
11. Tesla, Inc.
12. Texas Instruments Inc.
13. TGOOD Global Ltd.
14. Toshiba Corporation
15. Toyota Motor Corporation
16. WiTricity Corporation