The global Wireless Electric Vehicle (EV) Charging market, valued at USD 97.8 million in 2024, is poised for remarkable growth, with a forecasted compound annual growth rate (CAGR) of 33.6%, according to Navistrat Analytics.
The surge in global EV adoption continues to fuel demand for innovative charging solutions. The International Energy Agency (IEA) reports that approximately 14 million new electric cars were registered globally in 2023, boosting the total number of EVs on the road to 40 million — a 35% year-over-year increase. EVs accounted for 18% of total car sales last year, compared to 14% in 2022, propelling demand for battery production, smart grid technologies, and especially EV charging infrastructure.
However, market expansion faces hurdles due to limited vehicle compatibility. Only select EV models are currently equipped with the necessary hardware for wireless charging, making widespread adoption difficult. The high cost and complexity of installing receiver coils and power management systems further complicate integration for automakers.
Segment and Regional Highlights
The stationary wireless charging segment dominated the market in 2024, benefiting from greater technological maturity and easier integration into existing structures like parking garages and fleet hubs. Dynamic wireless charging, though promising, remains largely in pilot stages.
Regionally, the Asia Pacific market, led by China, is expected to experience the fastest growth. China’s aggressive EV expansion — accounting for nearly 60% of global EV registrations in 2023 and surpassing its 2025 New Energy Vehicle (NEV) targets — is creating massive demand for user-friendly and efficient wireless charging solutions.
Competitive Landscape and Key Developments
The wireless EV charging market remains fragmented, with several key players driving innovation:
- WiTricity Corporation
- Electreon Wireless Ltd
- InductEV Inc.
- Plugless Power Inc.
- HEVO Inc.
- Robert Bosch GmbH
- Qualcomm Incorporated
- Toshiba Corporation, among others.
Strategic moves by major players are shaping the future of wireless charging:
- HEVO partnered with Stellantis in March 2023 to integrate Level 2 wireless charging into Stellantis EVs, starting with a Chrysler Pacifica demonstration.
- InductEV signed an MOU with ENRX in November 2024, aiming to set global technical standards for high-power wireless charging, particularly for commercial fleet vehicles.
Market Segmentation
The Wireless EV Charging market is segmented by:
- Charging Method: Stationary and Dynamic Wireless Charging
- Power Supply Range: 3 to 11 KW, 12 to 20 KW, 21 to 50 KW, and above 50 KW
- Charging Systems: IPT, RIPT, CWPT, and MGWPT
- Vehicle Type: Passenger and Commercial Vehicles
- Regional Markets: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
As EV adoption continues its rapid ascent, wireless charging technology is set to become a pivotal element of the new automotive ecosystem, offering unparalleled convenience, efficiency, and future-ready infrastructure for a connected, electric world.
