Wireless Electric Vehicle Charging Systems Market Size, Trends and Insights By Power Supply (Less than 11 kW, More than 50 kW, 11 kW to 50 kW), By Type (Dynamic, Static), By Component (Base Pads, Vehicle Pads, Power Control Units, Battery Management Systems), By Technology (Capacitive Wireless EV Charging Systems, Permanent Magnet Gear Wireless EV Charging Systems, Inductive Wireless EV Charging Systems, Resonant Inductive Wireless EV Charging Systems), By Propulsion (BEV, PHEV), By Application (Commercial, Residential), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Toyota Motor Corporation
- TGOOD Global Ltd
- Toshiba Corporation
- Others
Reports Description
The surging demand for fast-charging infrastructure is boosting the market
According to Custom Market Insights (CMI), The Global Wireless Electric Vehicle Charging Market size was worth around USD 14 million in 2021 and is expected to reach USD 63 million in 2022 and is predicted to grow to around USD 450 million by 2030 with a compound annual growth rate (CAGR) of roughly 90% between 2022 and 2030.
The report analyses the Wireless Electric Vehicle Charging market’s drivers and restraints and their impact on demand throughout the projection period. In addition, the report examines global opportunities in the global Wireless Electric Vehicle Charging Systems market.
Wireless Electric Vehicle Charging Market: Overview
Electric energy is transmitted to automobiles by electromagnetic induction during wireless electric vehicle charging, which helps charge the vehicle without any cables. Parking the car, positioning it close to a charging station or an inductive pad, and transferring the power require installing a second induction coil in the receiving vehicle. It is a dependable and safe technological approach for transmitting electric power. The most practical, cost-effective, and convenient solution has gained market trend by doing away with cables and connectors and improving vehicle economy.
Wireless Electric Vehicle Charging Market: COVID–19 Impact Analysis
Early in 2020, the COVID-19 outbreak had a minimal impact on the EV charging sector because of lockdowns. However, due to government incentives worldwide, the demand for EVs and related markets surged in 2021, which boosted the requirement for EV charging stations.
Globally, top EV charger producers and network providers have expanded the number of their personal and public EV chargers. For instance, Shell has over 250,000 EV charging stations worldwide as of December 2021, a massive increase from less than 50,000 in 2020. ABB also had over 400,000 EV charging stations as of December 2021, an increase of more than 100% from the prior year. In addition, all other networks and charging station makers have expanded the availability of EV charging. This market was less affected by the epidemic because of the significant drive by governments worldwide to phase out ICE automobiles.
Wireless Electric Vehicle Charging Market: Growth Drivers
Rising need for fast-charging infrastructure
Due to their effectiveness and environmental friendliness, electric vehicles are becoming increasingly popular, which has increased the need for fast-charging infrastructure. Electric cars are anticipated to be used for both long-distance and city commuting. However, most EVs today have a range of fewer than 100 miles, necessitating quick-charging technologies to guarantee smooth, uninterrupted driving. Since wireless charging can deliver up to 11 kilowatts of power, comparable to level-2 chargers, it offers a viable solution for the expanding, rapidly changing charging requirements. As a result, many wireless technology companies are investing heavily in developing fast-charging wireless power transmission technologies for electric vehicles, including WiTricity Corporation, Momentum Wireless Power, and Wave Inc.
Benefits of wireless charging infrastructure
Increased demand from consumers and the market, along with better benefits like ease of use, low maintenance, high efficiency, reduced cost, smaller battery size, light weight of the battery, zero emission of carbon dioxide, reduced storage of the wires or cables, and no shocks, have all contributed to the development and production of wireless electric vehicle charging vehicles.
Wireless Electric Vehicle Charging Market: Segmentation Analysis
In our research scope, the wireless EV charging market is segmented into type, component, technology, power supply, propulsion, and application. The need for wireless electric vehicle (EV) charging systems is primarily divided into static and dynamic wireless EV charging systems based on type. During the projected period, the static wireless EV charging systems segment is anticipated to grow at the most significant CAGR.
Leading shared mobility and taxi fleet operators worldwide are increasingly adopting stationary wireless EV chargers for fleet charging applications, and numerous pilot projects are being conducted by top automobile OEMs to integrate these chargers into their electric vehicles.
The wireless electric vehicle charging market is classified into four categories based on technology: inductive wireless EV charging systems, resonant inductive wireless EV charging systems, and capacitive wireless EV charging systems. During the projection period, the sector for inductive wireless EV charging systems is anticipated to have the most significant CAGR.
Due to the inductive wireless EV charging systems’ high effectiveness due to the close coupling of the primary and secondary coils, low heat buildup in the system allowing significant power transfer, and increased efforts by major automotive OEMs to incorporate wireless charging capabilities into their vehicles, this market has experienced rapid growth.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 14 Million |
| Projected Market Size in 2030 | USD 450 Million |
| Market Size in 2022 | USD 63 million |
| CAGR Growth Rate | 90% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Toyota Motor Corporation, TGOOD Global Ltd, Toshiba Corporation, Momentum Dynamics Corporation, Robert Bosch GmbH, Tesla, Continental AG, HELLA GmbH & Co. KGaA, ZTE Corporation, WiTricity Corporation, Qualcomm Technologies, Renesas electronics, Powermat Technologies, Nidec mobility corporation, Evatran group, and Others |
| Key Segment | By Power Supply, Type, Component, Technology, Propulsion, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Wireless Electric Vehicle Charging market is estimated to grow annually at a CAGR of around 90% over the forecast period (2022-2030).
- In terms of revenue, the Wireless Electric Vehicle Charging market size was valued at around USD 14 million in 2021 and is projected to reach USD 450 million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on type segmentation, the static wireless EV charging systems segment was estimated to hold the maximum market share in 2021.
- Based on application segmentation, the commercial wireless EV charging systems segment was the top revenue-generating category in 2021.
- Based on technology segmentation, the inductive wireless EV charging systems segment is expected to grow at a high CAGR from 2022 to 2030.
- Based on geography/region, the Europe region was the leading revenue generator in 2021.
Recent Development
- May 2021: In the Austin, Texas, Flex contract manufacturing plant, HEVO developed a ground-based pad and began manufacture and production. 200 units are expected to be ordered, according to estimates, in the first quarter of 2021.
- December00202021: The Toyota Motor Corporation plans to create cutting-edge technologies, such as a wireless electric power transfer system that allows a car to be charged even as it is being driven. In this system, charging mechanisms for roads on highways or city crossings are involved.
Regional Landscape
In 2021, Europe led the wireless electric vehicle charging market. The widespread use of wireless EV charging systems in Europe is primarily attributed to the region’s growing electric vehicle adoption, numerous wireless EV charging technology pilot projects throughout Europe, and government initiatives to examine the viability of wireless EV charging technology. In addition, to lessen range anxiety related to electric vehicles, electric mobility stakeholders across Europe are initiating new projects to create a sustainable road transportation infrastructure that can charge electric cars on the move.
Competitive Landscape
The industry participants constantly attempt to improve their current product portfolios and develop new products. As a result, these players favor partnerships with other EV producers for strategic growth.
Prominent Players:
- Toyota Motor Corporation
- TGOOD Global Ltd
- Toshiba Corporation
- Momentum Dynamics Corporation
- Robert Bosch GmbH
- Tesla
- Continental AG
- HELLA GmbH & Co. KGaA
- ZTE Corporation
- WiTricity Corporation
- Qualcomm Technologies
- Renesas electronics
- Powermat Technologies
- Nidec mobility corporation
- Evatran Group
The global Wireless Electric Vehicle Charging market is segmented as follows:
By Power Supply
- Less than 11 kW
- More than 50 kW
- 11 kW to 50 kW
By Type
- Dynamic
- Static
By Component
- Base Pads
- Vehicle Pads
- Power Control Units
- Battery Management Systems
By Technology
- Capacitive Wireless EV Charging Systems
- Permanent Magnet Gear Wireless EV Charging Systems
- Inductive Wireless EV Charging Systems
- Resonant Inductive Wireless EV Charging Systems
By Propulsion
- BEV
- PHEV
By Application
- Commercial
- Residential
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Wireless Electric Vehicle Charging Market, (2022 – 2030) (USD Million)
- 2.2 Global Wireless Electric Vehicle Charging Market: snapshot
- Chapter 3. Global Wireless Electric Vehicle Charging Market – Industry Analysis
- 3.1 Wireless Electric Vehicle Charging Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing electrification of vehicles
- 3.2.2 Increasing focus on R&D activities
- 3.2.3 Rapid technological
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Power Supply
- 3.7.2 Market attractiveness analysis By Type
- 3.7.3 Market attractiveness analysis By Component
- 3.7.4 Market attractiveness analysis By Technology
- 3.7.5 Market attractiveness analysis By Propulsion
- 3.7.6 Market attractiveness analysis By Application
- Chapter 4. Global Wireless Electric Vehicle Charging Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Wireless Electric Vehicle Charging Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Wireless Electric Vehicle Charging Market – Power Supply Analysis
- 5.1 Global Wireless Electric Vehicle Charging Market overview: By Power Supply
- 5.1.1 Global Wireless Electric Vehicle Charging Market share, By Power Supply, 2021 and 2030
- 5.2 Less than 11 kW
- 5.2.1 Global Wireless Electric Vehicle Charging Market by Less than 11 kW, 2022 – 2030 (USD Million)
- 5.3 More than 50 kW
- 5.3.1 Global Wireless Electric Vehicle Charging Market by More than 50 kW, 2022 – 2030 (USD Million)
- 5.4 11 kW to 50 kW
- 5.4.1 Global Wireless Electric Vehicle Charging Market by 11 kW to 50 kW, 2022 – 2030 (USD Million)
- 5.1 Global Wireless Electric Vehicle Charging Market overview: By Power Supply
- Chapter 6. Global Wireless Electric Vehicle Charging Market – Type Analysis
- 6.1 Global Wireless Electric Vehicle Charging Market overview: By Type
- 6.1.1 Global Wireless Electric Vehicle Charging Market share, By Type, 2021 and 2030
- 6.2 Dynamic
- 6.2.1 Global Wireless Electric Vehicle Charging Market by Dynamic, 2022 – 2030 (USD Million)
- 6.3 Static
- 6.3.1 Global Wireless Electric Vehicle Charging Market by Static, 2022 – 2030 (USD Million)
- 6.1 Global Wireless Electric Vehicle Charging Market overview: By Type
- Chapter 7. Global Wireless Electric Vehicle Charging Market – Component Analysis
- 7.1 Global Wireless Electric Vehicle Charging Market overview: By Component
- 7.1.1 Global Wireless Electric Vehicle Charging Market share, By Component , 2021 and 2030
- 7.2 Base Pads
- 7.2.1 Global Wireless Electric Vehicle Charging Market by Base Pads, 2022 – 2030 (USD Million)
- 7.3 Vehicle Pads
- 7.3.1 Global Wireless Electric Vehicle Charging Market by Vehicle Pads, 2022 – 2030 (USD Million)
- 7.4 Power Control Units
- 7.4.1 Global Wireless Electric Vehicle Charging Market by Power Control Units, 2022 – 2030 (USD Million)
- 7.5 Battery Management Systems
- 7.5.1 Global Wireless Electric Vehicle Charging Market by Battery Management Systems, 2022 – 2030 (USD Million)
- 7.1 Global Wireless Electric Vehicle Charging Market overview: By Component
- Chapter 8. Global Wireless Electric Vehicle Charging Market – Technology Analysis
- 8.1 Global Wireless Electric Vehicle Charging Market overview: By Technology
- 8.1.1 Global Wireless Electric Vehicle Charging Market share, By Technology, 2021 and 2030
- 8.2 Capacitive Wireless EV Charging Systems
- 8.2.1 Global Wireless Electric Vehicle Charging Market by Capacitive Wireless EV Charging Systems, 2022 – 2030 (USD Million)
- 8.3 Permanent Magnet Gear Wireless EV Charging Systems
- 8.3.1 Global Wireless Electric Vehicle Charging Market by Permanent Magnet Gear Wireless EV Charging Systems, 2022 – 2030 (USD Million)
- 8.4 Inductive Wireless EV Charging Systems
- 8.4.1 Global Wireless Electric Vehicle Charging Market by Inductive Wireless EV Charging Systems, 2022 – 2030 (USD Million)
- 8.5 Resonant Inductive Wireless EV Charging Systems
- 8.5.1 Global Wireless Electric Vehicle Charging Market by Resonant Inductive Wireless EV Charging Systems, 2022 – 2030 (USD Million)
- 8.1 Global Wireless Electric Vehicle Charging Market overview: By Technology
- Chapter 9. Global Wireless Electric Vehicle Charging Market – Propulsion Analysis
- 9.1 Global Wireless Electric Vehicle Charging Market overview: By Propulsion
- 9.1.1 Global Wireless Electric Vehicle Charging Market share, By Propulsion, 2021 and 2030
- 9.2 BEV
- 9.2.1 Global Wireless Electric Vehicle Charging Market by BEV, 2022 – 2030 (USD Million)
- 9.3 PHEV
- 9.3.1 Global Wireless Electric Vehicle Charging Market by PHEV, 2022 – 2030 (USD Million)
- 9.1 Global Wireless Electric Vehicle Charging Market overview: By Propulsion
- Chapter 10. Global Wireless Electric Vehicle Charging Market – Application Analysis
- 10.1 Global Wireless Electric Vehicle Charging Market overview: By Application
- 10.1.1 Global Wireless Electric Vehicle Charging Market share, By Application, 2021 and 2030
- 10.2 Commercial
- 10.2.1 Global Wireless Electric Vehicle Charging Market by Commercial, 2022 – 2030 (USD Million)
- 10.3 Residential
- 10.3.1 Global Wireless Electric Vehicle Charging Market by Residential, 2022 – 2030 (USD Million)
- 10.1 Global Wireless Electric Vehicle Charging Market overview: By Application
- Chapter 11. Wireless Electric Vehicle Charging Industry – Regional Analysis
- 11.1 Global Wireless Electric Vehicle Charging Industry Regional Overview
- 11.2 Global Wireless Electric Vehicle Charging Industry Share, by Region, 2021 & 2030 (USD Million)
- 11.3. North America
- 11.3.1 North America Wireless Electric Vehicle Charging Industry, 2022 – 2030 (USD Million)
- 11.3.1.1 North America Wireless Electric Vehicle Charging Industry, by Country, 2022 – 2030 (USD Million)
- 11.3.1 North America Wireless Electric Vehicle Charging Industry, 2022 – 2030 (USD Million)
- 11.4 North America Wireless Electric Vehicle Charging Industry, by Power Supply, 2022 – 2030
- 11.4.1 North America Wireless Electric Vehicle Charging Industry, by Power Supply, 2022 – 2030 (USD Million)
- 11.5 North America Wireless Electric Vehicle Charging Industry, by Type, 2022 – 2030
- 11.5.1 North America Wireless Electric Vehicle Charging Industry, by Type, 2022 – 2030 (USD Million)
- 11.6 North America Wireless Electric Vehicle Charging Industry, by Component , 2022 – 2030
- 11.6.1 North America Wireless Electric Vehicle Charging Industry, by Component , 2022 – 2030 (USD Million)
- 11.7 North America Wireless Electric Vehicle Charging Industry, by Technology, 2022 – 2030
- 11.7.1 North America Wireless Electric Vehicle Charging Industry, by Technology, 2022 – 2030 (USD Million)
- 11.8 North America Wireless Electric Vehicle Charging Industry, by Propulsion, 2022 – 2030
- 11.8.1 North America Wireless Electric Vehicle Charging Industry, by Propulsion, 2022 – 2030 (USD Million)
- 11.9 North America Wireless Electric Vehicle Charging Industry, by Application, 2022 – 2030
- 11.9.1 North America Wireless Electric Vehicle Charging Industry, by Application, 2022 – 2030 (USD Million)
- 11.10. Europe
- 11.10.1 Europe Wireless Electric Vehicle Charging Industry, 2022 – 2030 (USD Million)
- 11.10.1.1 Europe Wireless Electric Vehicle Charging Industry, by Country, 2022 – 2030 (USD Million)
- 11.10.1 Europe Wireless Electric Vehicle Charging Industry, 2022 – 2030 (USD Million)
- 11.11 Europe Wireless Electric Vehicle Charging Industry, by Power Supply, 2022 – 2030
- 11.11.1 Europe Wireless Electric Vehicle Charging Industry, by Power Supply, 2022 – 2030 (USD Million)
- 11.12 Europe Wireless Electric Vehicle Charging Industry, by Type, 2022 – 2030
- 11.12.1 Europe Wireless Electric Vehicle Charging Industry, by Type, 2022 – 2030 (USD Million)
- 11.13 Europe Wireless Electric Vehicle Charging Industry, by Component , 2022 – 2030
- 11.13.1 Europe Wireless Electric Vehicle Charging Industry, by Component , 2022 – 2030 (USD Million)
- 11.14 Europe Wireless Electric Vehicle Charging Industry, by Technology, 2022 – 2030
- 11.14.1 Europe Wireless Electric Vehicle Charging Industry, by Technology, 2022 – 2030 (USD Million)
- 11.15 Europe Wireless Electric Vehicle Charging Industry, by Propulsion, 2022 – 2030
- 11.15.1 Europe Wireless Electric Vehicle Charging Industry, by Propulsion, 2022 – 2030 (USD Million)
- 11.16 Europe Wireless Electric Vehicle Charging Industry, by Application, 2022 – 2030
- 11.16.1 Europe Wireless Electric Vehicle Charging Industry, by Application, 2022 – 2030 (USD Million)
- 11.17. Asia Pacific
- 11.17.1 Asia Pacific Wireless Electric Vehicle Charging Industry, 2022 – 2030 (USD Million)
- 11.17.1.1 Asia Pacific Wireless Electric Vehicle Charging Industry, by Country, 2022 – 2030 (USD Million)
- 11.17.1 Asia Pacific Wireless Electric Vehicle Charging Industry, 2022 – 2030 (USD Million)
- 11.18 Asia Pacific Wireless Electric Vehicle Charging Industry, by Power Supply, 2022 – 2030
- 11.18.1 Asia Pacific Wireless Electric Vehicle Charging Industry, by Power Supply, 2022 – 2030 (USD Million)
- 11.19 Asia Pacific Wireless Electric Vehicle Charging Industry, by Type, 2022 – 2030
- 11.19.1 Asia Pacific Wireless Electric Vehicle Charging Industry, by Type, 2022 – 2030 (USD Million)
- 11.20 Asia Pacific Wireless Electric Vehicle Charging Industry, by Component , 2022 – 2030
- 11.20.1 Asia Pacific Wireless Electric Vehicle Charging Industry, by Component , 2022 – 2030 (USD Million)
- 11.21 Asia Pacific Wireless Electric Vehicle Charging Industry, by Technology, 2022 – 2030
- 11.21.1 Asia Pacific Wireless Electric Vehicle Charging Industry, by Technology, 2022 – 2030 (USD Million)
- 11.22 Asia Pacific Wireless Electric Vehicle Charging Industry, by Propulsion, 2022 – 2030
- 11.22.1 Asia Pacific Wireless Electric Vehicle Charging Industry, by Propulsion, 2022 – 2030 (USD Million)
- 11.23 Asia Pacific Wireless Electric Vehicle Charging Industry, by Application, 2022 – 2030
- 11.23.1 Asia Pacific Wireless Electric Vehicle Charging Industry, by Application, 2022 – 2030 (USD Million)
- 11.24. Latin America
- 11.24.1 Latin America Wireless Electric Vehicle Charging Industry, 2022 – 2030 (USD Million)
- 11.24.1.1 Latin America Wireless Electric Vehicle Charging Industry, by Country, 2022 – 2030 (USD Million)
- 11.24.1 Latin America Wireless Electric Vehicle Charging Industry, 2022 – 2030 (USD Million)
- 11.25 Latin America Wireless Electric Vehicle Charging Industry, by Power Supply, 2022 – 2030
- 11.25.1 Latin America Wireless Electric Vehicle Charging Industry, by Power Supply, 2022 – 2030 (USD Million)
- 11.26 Latin America Wireless Electric Vehicle Charging Industry, by Type, 2022 – 2030
- 11.26.1 Latin America Wireless Electric Vehicle Charging Industry, by Type, 2022 – 2030 (USD Million)
- 11.27 Latin America Wireless Electric Vehicle Charging Industry, by Component , 2022 – 2030
- 11.27.1 Latin America Wireless Electric Vehicle Charging Industry, by Component , 2022 – 2030 (USD Million)
- 11.28 Latin America Wireless Electric Vehicle Charging Industry, by Technology, 2022 – 2030
- 11.28.1 Latin America Wireless Electric Vehicle Charging Industry, by Technology, 2022 – 2030 (USD Million)
- 11.29 Latin America Wireless Electric Vehicle Charging Industry, by Propulsion, 2022 – 2030
- 11.29.1 Latin America Wireless Electric Vehicle Charging Industry, by Propulsion, 2022 – 2030 (USD Million)
- 11.30 Latin America Wireless Electric Vehicle Charging Industry, by Application, 2022 – 2030
- 11.30.1 Latin America Wireless Electric Vehicle Charging Industry, by Application, 2022 – 2030 (USD Million)
- 11.31. The Middle-East and Africa
- 11.31.1 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, 2022 – 2030 (USD Million)
- 11.31.1.1 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Country, 2022 – 2030 (USD Million)
- 11.31.1 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, 2022 – 2030 (USD Million)
- 11.32 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Power Supply, 2022 – 2030
- 11.32.1 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Power Supply, 2022 – 2030 (USD Million)
- 11.33 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Type, 2022 – 2030
- 11.33.1 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Type, 2022 – 2030 (USD Million)
- 11.34 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Component , 2022 – 2030
- 11.34.1 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Component , 2022 – 2030 (USD Million)
- 11.35 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Technology, 2022 – 2030
- 11.35.1 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Technology, 2022 – 2030 (USD Million)
- 11.36 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Propulsion, 2022 – 2030
- 11.36.1 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Propulsion, 2022 – 2030 (USD Million)
- 11.37 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Application, 2022 – 2030
- 11.37.1 The Middle-East and Africa Wireless Electric Vehicle Charging Industry, by Application, 2022 – 2030 (USD Million)
- Chapter 12. Company Profiles
- 12.1 Toyota Motor Corporation
- 12.1.1 Overview
- 12.1.2 Financials
- 12.1.3 Product Portfolio
- 12.1.4 Business Strategy
- 12.1.5 Recent Developments
- 12.2 TGOOD Global Ltd
- 12.2.1 Overview
- 12.2.2 Financials
- 12.2.3 Product Portfolio
- 12.2.4 Business Strategy
- 12.2.5 Recent Developments
- 12.3 Toshiba Corporation
- 12.3.1 Overview
- 12.3.2 Financials
- 12.3.3 Product Portfolio
- 12.3.4 Business Strategy
- 12.3.5 Recent Developments
- 12.4 Momentum Dynamics Corporation
- 12.4.1 Overview
- 12.4.2 Financials
- 12.4.3 Product Portfolio
- 12.4.4 Business Strategy
- 12.4.5 Recent Developments
- 12.5 Robert Bosch GmbH
- 12.5.1 Overview
- 12.5.2 Financials
- 12.5.3 Product Portfolio
- 12.5.4 Business Strategy
- 12.5.5 Recent Developments
- 12.6 Tesla
- 12.6.1 Overview
- 12.6.2 Financials
- 12.6.3 Product Portfolio
- 12.6.4 Business Strategy
- 12.6.5 Recent Developments
- 12.7 Continental AG
- 12.7.1 Overview
- 12.7.2 Financials
- 12.7.3 Product Portfolio
- 12.7.4 Business Strategy
- 12.7.5 Recent Developments
- 12.8 HELLA GmbH & Co. KGaA
- 12.8.1 Overview
- 12.8.2 Financials
- 12.8.3 Product Portfolio
- 12.8.4 Business Strategy
- 12.8.5 Recent Developments
- 12.9 ZTE Corporation
- 12.9.1 Overview
- 12.9.2 Financials
- 12.9.3 Product Portfolio
- 12.9.4 Business Strategy
- 12.9.5 Recent Developments
- 12.10 WiTricity Corporation
- 12.10.1 Overview
- 12.10.2 Financials
- 12.10.3 Product Portfolio
- 12.10.4 Business Strategy
- 12.10.5 Recent Developments
- 12.11 Qualcomm Technologies
- 12.11.1 Overview
- 12.11.2 Financials
- 12.11.3 Product Portfolio
- 12.11.4 Business Strategy
- 12.11.5 Recent Developments
- 12.12 Renesas electronics
- 12.12.1 Overview
- 12.12.2 Financials
- 12.12.3 Product Portfolio
- 12.12.4 Business Strategy
- 12.12.5 Recent Developments
- 12.13 Powermat Technologies
- 12.13.1 Overview
- 12.13.2 Financials
- 12.13.3 Product Portfolio
- 12.13.4 Business Strategy
- 12.13.5 Recent Developments
- 12.14 Nidec Mobility Corporation
- 12.14.1 Overview
- 12.14.2 Financials
- 12.14.3 Product Portfolio
- 12.14.4 Business Strategy
- 12.14.5 Recent Developments
- 12.15 Evatran Group
- 12.15.1 Overview
- 12.15.2 Financials
- 12.15.3 Product Portfolio
- 12.15.4 Business Strategy
- 12.15.5 Recent Developments
- 12.1 Toyota Motor Corporation
List Of Figures
Figures No 1 to 39
List Of Tables
Tables No 1 to 152
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Players:
- Toyota Motor Corporation
- TGOOD Global Ltd
- Toshiba Corporation
- Momentum Dynamics Corporation
- Robert Bosch GmbH
- Tesla
- Continental AG
- HELLA GmbH & Co. KGaA
- ZTE Corporation
- WiTricity Corporation
- Qualcomm Technologies
- Renesas electronics
- Powermat Technologies
- Nidec mobility corporation
- Evatran Group
- Others
FAQs
“Europe” region will lead the global Wireless Electric Vehicle Charging Systems market during the forecast period 2022 to 2030.
The key factors driving the market are Increasing electrification of vehicles, increasing focus on R&D activities, and rapid technological changes to propel the Wireless Electric Vehicle (EV) Charging market growth.
The key players operating in the Wireless Electric Vehicle Charging Systems market are Toyota Motor Corporation, TGOOD Global Ltd, Toshiba Corporation, Momentum Dynamics Corporation, Robert Bosch GmbH, Tesla, Continental AG, HELLA GmbH & Co. KGaA, ZTE Corporation, WiTricity Corporation, Qualcomm Technologies, Renesas electronics, Powermat Technologies, Nidec mobility corporation, Evatran group.
The global Wireless Electric Vehicle Charging Systems market is expanding growth with a CAGR of approximately 90% during the forecast period (2022 to 2030).
The global Wireless Electric Vehicle Charging Systems market size was valued at USD 14 Million in 2021 and it is projected to reach around USD 450 Million by 2030.