From USD 7.0 million in 2019, the global wireless electric vehicle charging market is predicted to grow to USD 172.6 million by 2025, registering a CAGR of 59.9% during the forecast period (2020–2025). Increasing pollution in the air in overcrowded cities leads to growing respiratory issues in the residents of such cities. These situations have led the government to provide subsidies to pollution depleting initiatives such as development of electric vehicles that is further driving the growth of global wireless electric vehicle charging markets. Furthermore, the leading companies in the battery manufacturing industry are showing great interest in investing towards wireless charging systems as electric vehicles are expected to gain huge momentum in the near future. 

Geographically, Europe was the largest wireless electric vehicle charging market in 2019. This is owing to the accessibility to well organized infrastructure that enhances the establishment of wireless charging infrastructure in this region. Development of effective infrastructure with access to large number of charging stations along with massive increase in the sale of electric vehicles in the region are the key factors driving the growth of global wireless electric vehicle charging market.

Some of the key players operating in the global wireless electric vehicle charging market are HEVO Inc., Integrated Device Technology, Inc., WiTricity Corporation, Robert Bosch GmbH, Toyota Motor Corporation, Daimler AG, Qualcomm Technologies, Continental AG, HELLA KGaA Hueck & Co., Mojo Mobility, and ZTE Corporation.

–Wireless Electric Vehicle Charging Market
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