Automotive Wireless Charging Market Size to accrue $ 2148.36 million by 2028

By Sachin Pashte  | Date: December 26, 2022

Automotive Wireless Charging Market Size to accrue $ 2148.36 million by 2028

Professional analysts forecast that Global Automotive Wireless Charging Market was valued at USD 228.86 million in 2021 and is anticipated to grow to USD 2148.36 million by 2028, expanding at a CAGR of 37.08% during the forecast period.

The analysis of ‘Global Automotive Wireless Charging Market’ provides readers with data on the most recent innovations, as well as market size, consumption & production, revenue growth, pricing, value, and other crucial factors. The research also looks at historical and contemporary valuations to help with market management for the years 2022–2028. The study meticulously assessed a number of market-influencing aspects, including legislation, the economic outlook, the competitive landscape, demographic data, current trends, product releases, and changes in linked industries in order to undertake an in-depth analysis of the business environment.

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COVID-19 impact

The COVID-19 outbreak caused a slowdown in the worldwide auto part and vehicle manufacturing industries because of lockdowns that halted the production of automobiles. The demand in global automotive wireless charging market has been impacted considerably due to travel restrictions, social isolation, limits on the sale of specific commodities, cost-cutting consumer behavior, and project delays. The three main worries for businesses at the time were regarded to be retaining customer relationships, minimizing corporate spending, and losing productivity due to remote labor. Moreover, due to a lack of income generation & a steep decline in sales, businesses are still having difficulty recovering fixed expenses.

The emergence of digital platforms, surging freight & cartage costs, and the escalation of raw material prices are all factors that are driving up expenditure. However, in order to make up for the losses brought on by the pandemic, the new approach gives current clients priority and promotes collaborative relationships.

Segmentation & Regional Overview:

Worldwide automotive wireless charging marketplace is bifurcated on the basis of the application landscape and by type. In terms of type, the industry is segmented into the magnetic-dynamic coupling, magnetic resonance, and electromagnetic induction. Based on the application landscape, the market is fragmented into public transportation automotive and passenger automotive.

The geographical analysis of the industry extends to Asia Pacific, South America, North America, Middle East & Africa, and Europe.

Competitive Analysis:

ZTE Corporation, Bombardier, Toshiba International Corporation, Plugless, Momentum Dynamics Corporation, ELIX Wireless, and WiTricity Corporation among others are the major players in global automotive wireless charging market, which are compared in terms of their upsides and downsides, market shares, the volume of sales, and latest developments. 


What statistics are available on the capacity, supply, and demand, as well as top manufacturers, of global market for automotive wireless charging?

Which automotive wireless charging applications are explored in the report's analysis of the worldwide market?

What market studies on automotive wireless charging discuss the potential difficulties, and elements of growth?

Which application segment offers lucrative opportunities for global automotive wireless charging market?

What comprehensive assessments of imports and commodity pricing agreements are included in the worldwide market study for automotive wireless charging?

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About Author

Sachin Pashte

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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