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Wireless Car Charging Market Trends

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Growth Drivers

Rising Sales of Electric Vehicles to Expand Market
Increasing Investments in Wireless Electric Vehicle Charging Technology to Drive Market Growth

Challenges

Costly Technology Integration and Slow Charging Speed of Electric Vehicle Wireless Charging to Hinder Market Growth

Base Year	2023
Forecast Year	2024-2036
CAGR	47.3%
Base Year Market Size (2023)	USD 82.14 million
Forecast Year Market Size (2036)	USD 12.62 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits: Saima Khursheed

Frequently Asked Questions (FAQ)

Increasing electric vehicle sales and growing investments in wireless charging technology is estimated to drive market growth.

The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021 â€“ 2029.

Costly technology integration of wireless car charging systems is estimated to hamper the market growth.

Europe will provide more business growth opportunities on the back of strong presence of leading market players.

The major players in the market are Continental AG, Robert Bosch GmbH, Qualcomm Technologies, Inc., and others.

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