Wireless Electric Vehicle Charging Market Size, Latest Innovations, Analysis and Forecast 2027

Market Research Future published a research report on "Wireless Electric Vehicle Charging Market Research Report - Global Forecast till 2027" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Market Overview

In its research report, Market Research Future (MRFR), emphasizes that the global wireless electric vehicle charging market 2020 is expected to grow significantly, securing a substantial market valuation and a healthy CAGR over the review period.

Drivers and Restraints

During the study era, the global wireless electric vehicle charging market observed exponential growth. Increasing electric vehicle development is pushing the Wireless Electric Vehicle Charging Market to expand globally. Growing demand for dynamic electric vehicle charging (DEVC) technology, growing long-distance driving by electric vehicles, increasing demand for environmentally friendly vehicles, and increasing concern for safety in electric vehicles are the main driving factors for the growth of this sector. The augmented cost and energy loss during transmission are acknowledged as the critical impeding factors for the growth of this market. Moreover, growing disposable income from countries such as India, China, Germany, and others, Growing demand for autonomous and semi-autonomous vehicles, rising industrialization, urbanization, and developing economies in emerging countries provide enough opportunities for this sector to expand and grow. Competition between wireless electric vehicle charging manufacturers and government funding for EVs has enabled manufacturers to develop the network across various regions as per government regulations, which is considered one of the critical factors accountable for the growth of this sector. The growing uses of the electric vehicle's lithium-ion battery would likely drive the wireless EV charging market during the study period.

Competitive Analysis

The key market players operating in the global wireless electric vehicle charging market as acknowledged by MRFR are Toshiba Corporation (Japan), Plugless Power (USA), WiTricity (USA), Qualcomm, Inc. (USA), ZTE Corporation (China), ELIX Wireless (Canada), HEVO power (USA), Nission (Japan), Continental AG (Germany), and BMW (Germany).

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Segment Analysis

The global wireless electric vehicle charging market is segmented based on the power supply range, charging type, charging station, charging pad, propulsion, vehicle type, application, and region.

Based on the charging type, the market has been divided into dynamic and stationary wireless electric charging.

Based on the power supply range, the wireless electric vehicle charging market has been segmented into 20 to