Global Wireless Car Charging Market to Register Significant Growth in the Next Eight Years
A new report by Persistence Market Research presents some interesting facts and statistics on the
global wireless car charging market for an eight year forecast period 2017 – 2025. The report titled
“Wireless Car Charging Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 –
2025)” is a comprehensive take on the global wireless car charging market and provides detailed
information on the various factors impacting the market along with an analysis of some of the top
companies dominating this market. The global wireless car charging market is estimated to reach a
market valuation of US$ 3,147 Mn by 2025 end, up from US$ 194 Mn in 2017. This is reflective of
a CAGR of 41.7% in terms of value during the forecast period.
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Global Wireless Car Charging Market: Forecast by Base Station
The global wireless car charging market is segmented on the basis of base station into Static and
Dynamic. The Static segment is anticipated to remain dominant throughout the forecast period, with
a market share of about 70% anticipated by 2025 end. However, this is a drop of 1020 basis points
over 2017, which is estimated to record about 80% market share in this segment. The Static
segment is estimated to reach a market valuation of US$ 2,214.8 Mn by 2025 end, witnessing a
CAGR of 39.3%. However, the Dynamic segment will register the highest CAGR of 49.4% in terms
of value.
Global Wireless Car Charging Market: Forecast by Type of Car
The global wireless car charging market is segmented on the basis of type of car into Electric and
Hybrid. The Electric segment is the largest segment with a projected market share of more than
70% by the end of 2025. This is the most attractive segment in the global wireless car charging
market and is expected to witness steady growth in terms of revenue throughout the forecast period.
Global Wireless Car Charging Market: Forecast by Technology
The global wireless car charging market is segmented on the basis of technology into Inductive
Charging and Hybrid-Inductive Resonance. Inductive Charging is the largest segment, expected to
hold about 72% market share by the end of 2025. At a 40.0% CAGR in terms of value, this segment
is likely to remain dominant in the global wireless car charging market during the forecast period.
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Global Wireless Car Charging Market: Regional Analysis
The global wireless car charging market is segmented into the key geographies of Americas,
EMEA, and Asia Pacific. Asia Pacific is the dominant regional market with a projected market
share of more than 50% by the end of the forecast period in 2025. APAC is also the most attractive
regional market in the global wireless car charging market, with high Y-o-Y growth rates anticipated
to be registered during the forecast period.
Global Wireless Car Charging Market: Key Takeaways
The governments of various countries are taking several initiatives to help promote the adoption of
wireless car charging in their respective countries