Automotive Wireless Power Transmission Market Dynamics & Competitive Forces

Automotive Wireless Power Transmission Market Size, Drivers abd Shares

The automotive wireless power transmission market size is set to grow from USD 14.6 billion in 2025 to USD 70.64 billion by 2034, with an expected CAGR of 9 .15% over the forecast period from 2025 to 2034.

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Introduction

The automotive wireless power transmission market is an important branch of the electric vehicles industry. This industry deals in developing wireless charging solutions for electric vehicles. There are several types of wireless power transmission systems available in the market consisting of electromagnetic induction, magnetic resonance and magneto-dynamic coupling. These systems are designed for charging different vehicles comprising of passenger vehicles and commercial vehicles. The automotive wireless power transmission system provides numerous benefits such as improved convenience, enhanced safety, efficiency, reduced wear and tear, autonomous charging and some others. The growing sales of electric vehicles across the European region has contributed to the industrial expansion. This market is projected to rise significantly with the growth of the automotive industry across the globe.

• According to the International Energy Agency, around 2.9 million BEVs were sold in Europe during 2021 that increased to 6.7 million in 2023.

Highlights of the Automotive Wireless Power Transmission Market

• Asia Pacific held the largest share of the automotive wireless power transmission market due to the rising demand for EVs in China, India, Japan and some others.
• North America is projected to grow with the fastest CAGR due to the presence of several automotive brands such as Rivian, Tesla, General Motors and some others.
• Europe is expected to rise with a notable growth rate due to the growing adoption of luxury electric vehicles in UK, Germany, France and some others.
• Middle East and Africa is anticipated to grow with a steady rate due to the increasing government investment in electric vehicle industry along with technological advancements in automotive sector.

Stats and Figures

• According to the Society of Manufacturers of Electric Vehicles (SMEV), in India, around 6062 electric vehicles were sold in September 2024.
• According to the Our World in Data, around 85% of the vehicles sold in Norway were electric vehicles.
• According to the SMMT, around 20395 BEVs were sold in UK during 2024.
• According to the Environmental Defense Fund, U.S. is projected to manufacture around 5.5 million electric vehicles from 2027.

Industry Leader Announcement

In January 2025, Dr CF Tong, the CEO of Xnergy made an announced that, “The Phoenix is a testament to how strategic partnerships can address the growing demand for efficient, compact and sustainable power solutions across autonomous mobility sectors. By combining Infineon's advanced components with our proprietary technology, we are setting new standards in high-density wireless chargers—small in size and fast in charging. We want to make autonomous charging seamless and easy to adopt."

Competitive Landscape

The automotive wireless power transmission market is a consolidated industry with the presence of few dominant players. Some of the prominent companies in this industry consists of WiTricity, Energous, Powermat, ChargePoint, Eaton, Qualcomm, ChargePoint and some others. These companies are investing heavily for developing wireless charging solutions and adopting new strategies for maintaining their dominance in this industry.

• According to the annual report of Qualcomm, the revenue of automotive segment in 2023 was US$ 1872 million that increased to US$ 2910 million in 2023.

Market Segmentations

By Device

• Devices With Battery
• Devices Without Battery

By Technology

• Conductive
• Inductive
• Infrared
• Magnetic Resonance
• Radiofrequency

By Receiver

• Notebook
• Smartphones
• Tablets
• Wearable Electronics
• Others

By Transmission Range

• Long Range
• Medium Range
• Short Range

By End-User

• Automotive
• Consumer Electronics
• Defense
• Healthcare
• Power Generation
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa