Global Wireless Car Charger Market Outlook to 2030

Global Wireless Car Charger Market Overview

• The Global Wireless Car Charger Market was valued at USD 81.2 Million in 2023, driven by the increasing adoption of electric vehicles (EVs) and the growing demand for convenient and efficient charging solutions. The market is witnessing rapid growth due to advancements in wireless charging technology and the shift towards reducing reliance on traditional wired chargers, particularly in urban areas.
• Prominent players in the wireless car charger market include WiTricity Corporation, Plugless Power, Powermat Technologies, Qualcomm Technologies, Inc., and Mojo Mobility, Inc. These companies are leading innovation in wireless charging solutions, focusing on enhancing charging efficiency, expanding the charging range, and establishing strategic partnerships with automotive manufacturers to integrate wireless charging into new EV models.
• A key trend in the wireless car charger market is the integration of wireless charging technology into public infrastructure, such as roads, parking lots, and public transport hubs. In 2024, several European cities, including Oslo and Munich, launched pilot projects to install wireless charging pads in public parking spaces, allowing electric vehicles to charge while parked, While the initial costs of implementing wireless charging infrastructure can be $2 million per mile. This trend is expected to expand, with more cities adopting similar technologies to promote sustainable urban mobility.
• Cities like Los Angeles, Munich, and Shanghai dominate the wireless car charger market due to their high concentration of electric vehicles and strong government support for innovative charging solutions. These cities have also seen significant investments in wireless charging infrastructure, driven by local policies that prioritize sustainable urban mobility and reduce reliance on traditional fossil fuels.

Global Wireless Car Charger Market Segmentation

By Vehicle Type: The market is also segmented by vehicle type into passenger vehicles, commercial vehicles, and electric buses. In 2023, passenger vehicles led the market. The dominance of passenger vehicles is driven by the growing consumer demand for electric cars and the integration of wireless charging as a premium feature in many new models. Manufacturers are increasingly adopting wireless charging to enhance convenience and attract tech-savvy customers.

By Region: Global Wireless Car Charger Market is segmented into Asia-Pacific (APAC), North America, Europe, and Rest of the World. In 2023, Europe dominated the market, driven by strong government initiatives and early adoption of wireless charging technology in countries like Germany and Norway. The region's focus on reducing carbon emissions and promoting electric vehicle adoption has made it a leader in this market segment.

By Technology Type: The Global Wireless Car Charger Market is segmented by technology type into resonant inductive charging, magnetic resonance charging, and radio frequency-based charging. In 2023, resonant inductive charging dominated the market share. This technology's dominance is attributed to its high efficiency and the ability to charge over longer distances compared to traditional inductive charging, making it ideal for automotive applications.

Global Wireless Car Charger Market Competitive Landscape

• Qualcomm Technologies' New Wireless Charging Platform: In 2024, Qualcomm Technologies launched a new wireless charging platform specifically designed for electric vehicles names as Wireless Electric Vehicle Charging (WEVC). This platform, which supports charging at up to 20 kW, offers higher efficiency and faster charging times compared to previous models. Qualcomm's new platform is set to be integrated into the next generation of electric vehicles from leading automakers, positioning the company as a key player in the wireless charging market.
• BMW's Expansion of Wireless Charging Pilot Program: BMW expanded its wireless charging pilot program in 2024, adding 200 new charging stations across Germany and the United States. These stations are equipped with BMW's latest wireless charging technology, which allows for faster and more efficient charging of its electric vehicle lineup. The expansion of this program is part of BMW's strategy to differentiate its EV offerings by providing cutting-edge charging solutions.

Global Wireless Car Charger Market Analysis

Growth Drivers

• Increasing Adoption of Electric Vehicles (EVs): The global push towards sustainable transportation has led to a surge in the adoption of electric vehicles (EVs). In 2024, global EV sales are expected to exceed 17 million units, driven by supportive government policies, rising fuel costs, and growing consumer awareness of environmental issues. In Europe, the European Green Deal aims to have 30 million electric cars on the road by 2030, which will further boost demand for wireless charging infrastructure.
• Government Incentives and Regulations: Governments worldwide are implementing incentives and regulations to promote the adoption of wireless car charging technology. In 2024, the European Union introduced regulations mandating the integration of wireless charging technology in new public infrastructure projects. These regulations are part of the EU's broader strategy to reduce carbon emissions by 55% by 2030.
• Strategic Collaborations and Partnerships: Strategic collaborations between automakers and technology companies are driving innovation in the wireless car charger market. In 2024, BMW and Qualcomm Technologies announced a partnership to integrate Qualcomm's wireless charging technology into BMW's upcoming electric vehicle models. This collaboration aims to enhance charging efficiency and convenience, making wireless charging a standard feature in premium electric vehicles.

Challenges

• • High Costs of Implementation: The deployment of wireless car charging infrastructure is capital-intensive, with significant costs associated with research and development, manufacturing, and installation. The installation cost of a single wireless charging station in a metropolitan area can range from $100,000 to $250,000, depending on the technology and location.
  • Efficiency and Energy Loss Issues: Wireless car charging systems currently face efficiency challenges, particularly in terms of energy loss during the charging process. In 2024, most wireless charging systems operate with an efficiency of approximately 70-80%, meaning that up to 15% of the energy is lost during transmission. This inefficiency is a significant drawback compared to traditional wired chargers, which have an efficiency rate of over 95%.

Government Initiatives

• U.S. Department of Energy's Wireless Charging Initiative: The U.S. Department of Energy (DOE) launched a $75 million grant program in 2024 to support the deployment of wireless car charging infrastructure nationwide. This initiative focuses on enhancing charging accessibility in urban centers, highways, and public transportation hubs. The DOE's program also includes research and development funding to improve the efficiency and affordability of wireless charging technology, aligning with the Biden administration's goal to reduce greenhouse gas emissions by 50% by 2030 .
• China's National New Energy Vehicle Strategy: In 2024, the Chinese Ministry of Industry and Information Technology (MIIT) announced a new initiative to deploy wireless charging infrastructure in major cities, including Beijing, Shanghai, and Guangzhou. This initiative is part of China's broader plan to have 40% of all vehicles sold in the country be electric by 2030, and it includes subsidies for companies developing wireless charging technology.

Global Wireless Car Charger Market Future Outlook

The Global Wireless Car Charger Market is expected to experience substantial growth by 2028, driven by the increasing adoption of electric vehicles, advancements in charging technology, and supportive government policies.

Future Trends

• Widespread Adoption of Wireless Charging in Smart Cities: By 2028, wireless charging is expected to become a standard feature in smart city infrastructure. Cities around the world will integrate wireless charging pads into roads, parking lots, and public spaces, allowing vehicles to charge seamlessly as they move or park. This trend will be driven by the need for efficient urban mobility solutions and the increasing number of electric vehicles on the road. The integration of wireless charging with smart city technology will enhance the convenience and sustainability of urban transportation systems.
• Development of High-Power Wireless Charging Systems: The next five years will see significant advancements in the power capabilities of wireless charging systems. By 2028, it is anticipated that wireless chargers capable of delivering up to 50 kW of power will be commercially available, enabling faster charging times comparable to those of wired fast chargers. This development will be particularly beneficial for commercial fleets and high-capacity vehicles, which require quick and efficient charging to maintain operational efficiency.