The value of the global wireless charging market totalled US$8.95m in 2021 and is projected to reach US$2,744 by 2030, growing at a CAGR of 85% from 2022 to 2030.
The figures come in a new "Wireless EV Charging Market" report from Verified Market Research.
The report predicts that the demand for wireless EV charging will rise because of rising global electric vehicle sales and the desire of auto OEMs for autonomous driving technology.
"Charging EVs without cables is a very efficient, practical, and simple technique," the report states. "Compared to conventional public charging stations, wireless EV charging technology is more efficient, versatile, and damage resistant. Rarely does the user need to exit the EV to deal with difficult connectors, lengthy wires, or a difficult user interface. Overall, the EV charging procedure has been made simpler, which improves the user experience."
