Wireless Electric Vehicle (EV) Charging Market Size, Share, and Trends Analysis, By Charging Method (Stationary Wireless Charging), By Power Supply Range (3 to 11 KW), By Charging System, By Vehicle Type, By Charging Station Type, By Charging Pads, By Distribution Chanel, and By Region, Forecast 2025-2032

Wireless Electric Vehicle (EV) Charging Market Overview and Key Insights:

The global wireless Electric Vehicle (EV) charging market reached USD 97.8 million in 2024 and is expected to register a revenue CAGR of 42.9% during the forecast period. Rising adoption of Electric Vehicles (EVs), growing demand for autonomous and shared mobility, increasing awareness of enhanced user convenience, and rising commercial deployment & smart infrastructure are expected to drive revenue growth of the market.

Market Drivers:

Growing demand for autonomous and shared mobility is the major factor driving revenue growth of the market. By the end of 2025, nearly 60% of all newly sold vehicles across the globe are expected to feature Level 2 autonomy. Level 2 autonomous vehicles are expected to remain the most prevalent by 2030. Level 3 and Level 4 vehicles are also anticipated to comprise approximately 8% of global new car sales by that time. Autonomous vehicles, particularly in shared mobility contexts, require efficient and seamless charging methods to maximize operational uptime and user convenience. Wireless charging technology offers a plug-free solution. It provides vehicles to recharge without human intervention, which is crucial for autonomous fleets. The integration of wireless charging systems is becoming increasingly vital for autonomous vehicles, which is driving revenue growth of the market.

The strategic investments and technological advancements in autonomous mobility are also accelerating revenue growth of the market. For instance, in mid-2024, Alphabet, the parent company of Waymo, announced plans to invest up to USD 5 billion in the autonomous driving venture. Waymo currently operates a sizeable autonomous fleet of nearly 800 vehicles in California, with additional deployments in Phoenix. This growing fleet highlights the increasing reliance on scalable, efficient, and contactless charging solutions and creates high demand for wireless charging.

Market Opportunity:

Advancements in wireless charging technology are creating significant opportunities for the market. Innovations such as higher power transfer efficiency, dynamic charging capabilities, and improved alignment mechanisms have significantly enhanced the practicality and appeal of wireless solutions for both consumers and commercial fleet operators. These developments reduce charging times, increase convenience, and eliminate the need for physical connectors. It makes the advancement particularly suited for next-generation mobility applications such as autonomous and shared electric vehicles.

In June 2024, for instance, Researchers at Oak Ridge National Laboratory (ORNL) achieved a significant milestone in the field of wireless Electric Vehicle (EV) charging by successfully demonstrating a 270-kilowatt (kW) wireless power transfer system. They make a new benchmark in high-power EV charging. This advancement was realized through a collaboration with the Volkswagen Group, enabling the wireless charging of a Porsche Taycan. The successful demonstration represents a substantial leap forward for the EV industry. It is showcasing the potential of ultra-fast, high-capacity wireless charging to support the next generation of electric mobility.

Recent Trends:

One recent trend in the wireless Electric Vehicle (EV) charging market is the development of dynamic wireless charging. This technology utilizes inductive charging coils embedded beneath road surfaces to transfer energy to receivers installed in EVs. It allows for continuous charging during travel. In November 2023, for instance, Detroit’s Michigan Central district completed the installation of the public roadway capable of wireless charging. Leveraging Electreon’s technology, a section of 14th Street—stretching from Marantette to Dalzelle has been embedded with inductive charging coils. These coils can wirelessly charge electric vehicles equipped with Electreon receivers as they travel over the road.

Similarly, Los Angeles plans to implement a half-mile electrified roadway near UCLA ahead of the 2028 Olympics, aiming to enhance urban mobility infrastructure. The planned 0.75-mile stretch of roadway will feature embedded chargers beneath the surface, designed to wirelessly transmit power to electric vehicles as they pass over it. This type of advancement addresses critical challenges like range anxiety and charging downtime, making EVs more appealing to consumers and fleet operators.

Restraints & Challenges:

High initial costs represent a significant barrier to the revenue growth of the wireless Electric Vehicle (EV) charging market. The deployment of wireless charging infrastructure requires substantial upfront investment in specialized hardware, including inductive charging pads, vehicle receivers, and control systems, as well as in civil works for installation. For example, the recent pilot project in Detroit’s Michigan Central district cost nearly USD 2 million per mile. It has raised concerns among experts about the scalability of wireless charging technology. Expanding such smart roads across an entire city or along major intercity highways would entail prohibitively high expenses at current pricing levels. These high capital requirements can delay investment decisions by municipalities, businesses, and OEMs, thereby restraining revenue growth of the market.

Charging Method Segment Insights and Analysis:

Based on the charging method, the wireless Electric Vehicle (EV) charging market is segmented into stationary wireless charging and dynamic wireless charging.

Stationary wireless charging segment contributed the largest share in 2024 due to the increasing demand for user-friendly, low-maintenance charging solutions in residential, commercial, and fleet settings. Dynamic charging is still in its pilot stages, but stationary wireless systems are more technologically mature and easier to integrate with existing infrastructure such as parking spaces, garages, and taxi or delivery fleet hubs. These systems eliminate the need for physical cables and connectors and offer a more convenient and safer charging experience. In addition, growing investments in smart city initiatives and electric fleet electrification accelerate the adoption of stationary wireless solutions and drive revenue growth of this segment.

In 2022, SAE International, an organization of engineers and transportation technology specialists, officially released the first standardized guidelines for stationary wireless charging of light-duty vehicles, such as passenger cars. This standard outlines key aspects, including safe charging power levels (up to 11 kilowatts), interoperability between systems, and overall performance requirements. This standardization is accelerating the commercialization of wireless charging solutions. It enables broader adoption of wireless charging across OEMs and charging network providers.

Propulsion Segment Insights and Analysis:

Based on vehicle type, the wireless Electric Vehicle (EV) charging market is segmented into Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-In Hybrid Electric Vehicles (PHEV).

Battery Electric Vehicles (BEV) segment contributed the largest share in 2024 due to the increasing global transition toward sustainable mobility solutions and the rising adoption of BEVs owing to their zero-emission capabilities. Sales of battery-electric vehicles (BEVs) rose to an estimated 10 million units in 2023, marking an increase from approximately 7.7 million units sold in 2022. Government incentives, stricter emission regulations, and significant advancements in battery technology have made BEVs more accessible and attractive to both consumers and fleet operators. The rising adoption of Battery Electric Vehicles (BEV), especially in urban environments and smart cities, creates high demand for efficient and seamless charging solutions. It is expected to boost revenue growth of this segment.

Plug-In Hybrid Electric Vehicles (PHEV) segment is expected to register a fast revenue growth rate during the forecast period due to the rising consumer demand for flexible, fuel-efficient mobility solutions that offer both electric and conventional driving capabilities. PHEVs serve as a transitional technology for users hesitant to fully adopt battery-electric vehicles. It offers the convenience of electric driving for shorter distances with the reassurance of an internal combustion engine for longer trips. The integration of wireless charging technology further enhances the appeal of PHEVs by simplifying the charging process and encouraging more frequent electric-only usage.

Vehicle Type Segment Insights and Analysis:

Based on vehicle type, the wireless Electric Vehicle (EV) charging market is segmented into passenger vehicles and commercial vehicles.

Passenger vehicles segment contributed the largest revenue share in 2024 due to the rapid increase in consumer adoption of electric passenger cars, owing to the rising environmental awareness, favorable government incentives, and expanding model availability from major automakers. The demand for convenient, efficient, and user-friendly charging solutions has increased rapidly with the growing trend of smart city initiatives. Wireless charging addresses these needs by eliminating cable clutter and enabling seamless, automated charging, particularly appealing for private vehicle owners.

The growing partnerships and collaborations among major automakers and technology providers to integrate wireless charging technology into passenger vehicles are significantly driving revenue growth of this segment. For example, Toyota has teamed up with Electreon to evaluate potential solutions, while BMW and Ford have collaborated with WiTricity. Stellantis is partnering with Hevo Power, and Tesla is reportedly developing its wireless charging system. Collectively, these partnerships and developments are fostering a competitive and innovation-driven environment that propels revenue growth of passenger vehicle segment.

Geographical Outlook:

Wireless Electric Vehicle (EV) charging market is strategically segmented by geography to provide a comprehensive understanding of regional market dynamic. Discover demand analysis, emerging trends, and growth opportunities shaping market performance across different region and countries.

Europe Wireless Electric Vehicle (EV) Charging Market:

Market in Europe accounted for largest revenue share in 2024 due increasing adoption of electric vehicles, supported by governmental initiatives and environmental policies, which has created a substantial demand for efficient charging solutions. Governments and organizations across Europe are investing significantly in EV infrastructure to promote sustainable transportation.  Electreon, a leading provider of wireless charging solutions, is involved in several wireless charging pilot projects throughout Europe, including an initiative to electrify a segment of the German Autobahn.

In addition, the rising development of electrified roads is significantly propelling the revenue growth of the market in this region. Across Europe, multiple countries are advancing large-scale plans for electric road infrastructure. France aims to develop 5,500 miles (8,850 km) of electrified roads by 2035 using technologies such as overhead lines, embedded rails, or induction charging. In Germany, studies have proposed installing 2,500 miles (4,000 km) of overhead cable systems or inductive charging along sections of the Autobahn. Meanwhile, Sweden projects an investment of SEK 30 to 40 billion (approximately USD 2.9 to 3.8 billion) to construct around 1,200 miles (2,000 km) of electric roads. These large-scale projects necessitate the integration of wireless charging systems, thereby driving revenue growth of the market in this region.

Asia Pacific Wireless Electric Vehicle (EV) Charging Market:

Asia Pacific is expected to register a fast revenue growth rate during the forecast period due to the rapid adoption of electric vehicles in the region, especially in China. China has created a substantial demand for advanced charging solutions. According to the International Energy Agency (IEA), in 2023, China represented close to 60% of global new electric car registrations. The proportion of electric vehicles in the country’s overall car sales surpassed 35%, rising from 29% in 2022. This milestone enabled China to meet its national target of achieving a 20% share for New Energy Vehicles (NEVs) by 2025, significantly ahead of schedule. This surge has heightened the demand for efficient and convenient charging solutions and boosts revenue growth of the market is this region.

China has prioritized interoperability in EV charging systems to foster innovation and broaden adoption across the market. The nation’s official wireless EV charging standard, the GuoBiao (GB) standard, is built upon WiTricity’s patented technology. This standardization allows automakers and OEMs to focus on evolving customer expectations rather than investing resources in developing proprietary charging methods. While wireless EV charging is currently in the pilot phase, it is gaining traction. Some manufacturers in China and South Korea are testing the technology in new passenger vehicles, though a significant portion of trials remains centered on commercial vehicles. It is an ideal use case due to their predictable routes and ability to charge overnight at designated locations. the standardization of wireless charging technologies, strategic collaborations, governmental support, and a strong push for sustainable transportation collectively drive the robust revenue growth of the wireless EV charging market in the Asia Pacific region.

North America Wireless Electric Vehicle (EV) Charging Market:

Market in North America accounted for a significant revenue share in 2024 due to increasing adoption of electric vehicles, supported by government incentives and environmental policies, which have created high demand for wireless charging solutions. According to the International Energy Agency (IEA), U.S. Department of Energy has allocated USD 7.5 billion to establish a nationwide network of 500,000 electric vehicle chargers. This funding is channeled through the National Electric Vehicle Infrastructure (NEVI) Formula Program, which supports states in the strategic development of EV charging and fueling infrastructure across the country. These types of initiatives not only accelerate the deployment of EV chargers but also incentivize innovation and private sector investment in wireless charging systems and drive revenue growth of the market in this region.

In February 2024, Electreon, a leading developer of wireless and in-road EV charging technologies, announced plans to launch its first public wireless EV charging road system in the United States. The company secured the contract to construct an Electric Road System (ERS) in Detroit, as part of an inductive vehicle charging pilot initiative. This project is being carried out in collaboration with the Michigan Department of Transportation (MDOT), the Michigan Office of Future Mobility and Electrification (OFME), and the Michigan Economic Development Corporation (MEDC). The increased visibility and validation of wireless charging infrastructure through such pilot programs are attracting investment, creating commercial opportunities, and driving revenue growth of the market in this region.

Competition Analysis:

The Wireless Electric Vehicle (EV) Charging market is characterized by a consolidated structure, with few players competing across various segments and regions. List of major players included in the Wireless Electric Vehicle (EV) Charging market report are:

• WiTricity Corporation
• Electreon Wireless Ltd
• InductEV Inc.
• Plugless Power Inc
• HEVO Inc
• Efacec
• Robert Bosch GmbH
• Qualcomm Incorporated
• WAVE Charging
• Enrx
• Toshiba Corporation
• Powermat Technologies Ltd

Strategic Developments in Wireless Electric Vehicle (EV) Charging Market:

• On 26 November 2024, Philadelphia-based InductEV, which specializes in electric vehicles for commercial fleets, and Norway-based ENRX, a company with expertise in wireless energy transfer, entered a Memorandum of Understanding (MOU). The agreement aims to develop global technical standards and ensure interoperability within the wireless EV charging infrastructure. Both companies are working toward setting standards for significantly higher power levels than those used in robotaxi systems. It is a critical step toward addressing range anxiety and accelerating electric vehicle adoption.
• On 30 July 2024, the Norwegian government is advancing its commitment to sustainable transportation with the launch of its first wireless EV charging road in Trondheim. This groundbreaking initiative involves a 100-meter stretch of roadway embedded with copper coils beneath the surface, enabling electric vehicles to charge while driving. The one-year pilot project aims to evaluate the system’s efficiency and operational performance. The technology utilizes inductive charging, where embedded copper coils produce an electromagnetic field that transmits energy to EVs fitted with compatible receivers. The installation was carried out by Electreon Wireless, an Israel-based company specializing in wireless electric vehicle charging solutions.

Key Advantages for Stakeholders:

Navistrat Analytics’ industry report provides an in-depth quantitative analysis of various market segments, historical and current trends, market forecasts, and dynamics within the global market. The historical years covered in this report are 2022 to 2023, with 2024 serving as the base year for market size calculations. The forecast period extends from 2025 to 2032.

The report includes an executive summary and a comprehensive overview of market drivers, restraints, opportunities, and challenges (DROC), along with insights into regulatory standards. It features detailed analyses such as PORTER’s Five Forces, SWOT, and PESTLE, as well as assessments of technological trends and the competitive landscape.

PORTER’s Five Forces analysis helps stakeholders evaluate the impact of new entrants, competitive rivalry, supplier power, buyer power, and substitution threats, enabling them to assess the level of competition and the attractiveness of the global market. The competitive landscape provides stakeholders with a clear understanding of the current market positions of key players, offering valuable insights into their competitive environment.

Scope And Key Highlights of The Wireless Electric Vehicle (EV) Charging Market Report:

 The Wireless Electric Vehicle (EV) Charging market report offers a detailed analysis of market size, including historical revenue (in USD Million) data for 2022-2023 and revenue forecasts for 2025-2032 across the following segments:

• Charging Method Outlook (Revenue, USD Million; 2022-2032)
  • Stationary Wireless Charging
  • Dynamic Wireless Charging

• Power Supply Range Outlook (Revenue, USD Million; 2022-2032)
  • 3 to 11 KW
  • 12 to 20 KW
  • 21 to 50 KW
  • > 50

• Charging System Outlook (Revenue, USD Million; 2022-2032)
  • Inductive Power Transfer (IPT)
  • Resonant Inductive Power Transfer (RIPT)
  • Capacitive Wireless Power Transfer (CWPT)
  • Magnetic Gear Wireless Power Transfer (MGWPT)

• Propulsion Outlook (Revenue, USD Million; 2022-2032)
  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-In Hybrid Electric Vehicles (PHEV)

• Charging Station Type Outlook (Revenue, USD Million; 2022-2032)
  • Home Charging Stations
  • Commercial Charging Stations

• Charging Pads Outlook (Revenue, USD Million; 2022-2032)
  • Base Charging Pad
  • Vehicle Charging Pad
  • Power Control Unit

• Vehicle Type (Revenue, USD Million; 2022-2032)
  • Passenger Vehicles
  • Commercial Vehicles

• Regional Outlook (Revenue, USD Million; 2022-2032)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Benelux
    • Nordic Countries
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Oceania
    • ASEAN Countries
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Israel
    • Turkey
    • Rest of MEA

Frequently Asked Questions (FAQ) about the Wireless Electric Vehicle (EV) Charging Market Report