Market Overview:
The global electric vehicles wireless charging market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe and rising awareness about environment-friendly transportation options. The global electric vehicles wireless charging market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into electromagnetic induction and magnetic resonance. Electromagnetic induction technology dominates this market owing to its low cost and easy installation process as compared to other technologies available in this space. However, magnetic resonance technology is expected to witness high growth during the forecast period owing to its ability to provide better power transfer efficiency as compared with electromagnetic induction technology. On the basis of application, passenger vehicles account for majority share in terms of revenue generated in this market followed by commercial vehicles. Passenger cars are increasingly becoming popular among consumers due their environment-friendly nature when compared with traditional gasoline or diesel cars; thereby propelling demand for electric passenger cars globally which would subsequently drive demand for wireless charging systems for these types of cars over coming years Regionally, North America dominates this global electric vehicle wireless charging while Asia Pacific is projectedto register highest CAGR over next 10 years owing growing inclinationof OEMs towards adopting advanced technologies in their products alongwith rising disposable income levelsin countries such as Chinaand India .
Product Definition:
Electric vehicles wireless charging is a technology that allows electric vehicles to be charged without being plugged into an outlet. This is done by using a transmitter to send power to the vehicle through induction. This is important because it eliminates the need for plug-in charging stations, which can be difficult to find in some areas. It also makes it easier for drivers to charge their vehicles, as they do not have to stop and plug them in.
Electromagnetic Induction:
Electromagnetic induction is the generation of electricity by electromagnetic means. The most common form of electromagnetic induction is found in electric powertrains where a generator produces an electrical current that flows through the transmission system and into the battery.
The growing demand for Electric Vehicles (EVs) has led to increased research on wireless charging technology, which uses radio waves or infrared rays to transfer energy from one location to another without any physical contact between objects.
Magnetic Resonance:
Magnetic resonance is a natural phenomenon that occurs in certain materials when they are exposed to magnetic fields. It creates an electromagnetic waveform with frequencies between 1 and 10 GHz. The most common example of this is the atomic nuclei in iron-based magnets, which spin at very high speeds due to the applied field.
The EV wireless charging industry has been growing rapidly over the past few years owing to increasing awareness among consumers regarding electric vehicles.
Application Insights:
The passenger vehicles segment dominated the global electric vehicles wireless charging market, accounting for over 60.0% share of the overall revenue in 2017. The growing number of consumers opting for an e-vehicle is expected to drive demand over the forecast period. Furthermore, increasing government initiatives and regulations regarding ¢â‚¬Å“free-of-charge parking spaces near shopping malls and commercial complexes for electric cars only¢â‚¬ are further anticipated to boost product demand in this segment during the forecast period.
Commercial vehicles are projected to witness significant growth with a CAGR exceeding 20% from 2018 to 2030 owing to various benefits offered by wireless chargers such as convenience, flexibility and ease of installation at desired locations on commercial trucks or buses along with cost savings incurred due both during installation as well as maintenance operations associated with these systems.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to maintain its lead throughout the forecast period owing to increasing penetration of electric vehicles and supportive government initiatives. For instance, in 2015, the U.S Department of Energy launched a program called “Smart Electric Drive†which provided funding worth USD X million for research on wireless charging systems for electric vehicles.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to increasing sales and adoption rates of electric vehicles in China and Japan respectively as well as other countries such as Australia, India, etc.; hence boosting market growth across this region significantly. Europe also contributed significantly towards market growth due to increased production & sales numbers along with favorable government policies supporting innovation through R&D investments relatedto EVs/WIRELESS CHARGING TECHNOLOGY (WCT).
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% during the forecast period. This growth can be attributed to the increasing demand for environment-friendly and fuel-efficient vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles by providing various incentives such as subsidies, tax rebates, and parking privileges. For instance, in March 2018, China announced a subsidy program worth billion for electric buses and trucks.
- Development of charging infrastructure: The development of charging infrastructure is crucial for the growth of the wireless charging market for electric vehicles. Various public and private organizations are investing in developing advanced charging technologies that can charge EVs quickly and efficiently.
- Growing awareness about wireless charging technology: Wireless Charging technology is still in its nascent stage; however, there is growing awareness about its benefits among consumers worldwide.. This will help drive the adoption of this technology in future years..
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicles Wireless Charging Market Research Report
By Type
Electromagnetic Induction, Magnetic Resonance
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Qualcomm Halo, BMW, Plugless, Mercedes-Benz, Nissan, Tesla, Chevrolet, Delphi Automotive, WiTricity, Bosch
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicles Wireless Charging Market Report Segments:
The global Electric Vehicles Wireless Charging market is segmented on the basis of:
Types
Electromagnetic Induction, Magnetic Resonance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Qualcomm Halo
- BMW
- Plugless
- Mercedes-Benz
- Nissan
- Tesla
- Chevrolet
- Delphi Automotive
- WiTricity
- Bosch
Highlights of The Electric Vehicles Wireless Charging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electromagnetic Induction
- Magnetic Resonance
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Vehicles Wireless Charging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric vehicles wireless charging is a technology that allows electric vehicles to be charged wirelessly by placing them on a charging pad.
Some of the major players in the electric vehicles wireless charging market are Qualcomm Halo, BMW, Plugless, Mercedes-Benz, Nissan, Tesla, Chevrolet, Delphi Automotive, WiTricity, Bosch.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicles Wireless Charging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Vehicles Wireless Charging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicles Wireless Charging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Vehicles Wireless Charging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Vehicles Wireless Charging Market Size & Forecast, 2020-2028
4.5.1 Electric Vehicles Wireless Charging Market Size and Y-o-Y Growth
4.5.2 Electric Vehicles Wireless Charging Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electromagnetic Induction
5.2.2 Magnetic Resonance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicles Wireless Charging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Vehicles Wireless Charging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electromagnetic Induction
9.6.2 Magnetic Resonance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electromagnetic Induction
10.6.2 Magnetic Resonance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electromagnetic Induction
11.6.2 Magnetic Resonance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electromagnetic Induction
12.6.2 Magnetic Resonance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electromagnetic Induction
13.6.2 Magnetic Resonance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Vehicles Wireless Charging Market: Competitive Dashboard
14.2 Global Electric Vehicles Wireless Charging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Qualcomm Halo
14.3.2 BMW
14.3.3 Plugless
14.3.4 Mercedes-Benz
14.3.5 Nissan
14.3.6 Tesla
14.3.7 Chevrolet
14.3.8 Delphi Automotive
14.3.9 WiTricity
14.3.10 Bosch
