Inductive Roadway Charging Display Global Market Report 2025

The inductive roadway charging display market size has grown exponentially in recent years. It will grow from $1.02 billion in 2024 to $1.22 billion in 2025 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to the increasing adoption of electric vehicles, expanding government subsidies for electric vehicle infrastructure, growing consumer awareness of environmental sustainability, accelerating urbanization, and rising fuel costs.

The inductive roadway charging display market size is expected to see rapid growth in the next few years. It will grow to $2.51 billion in 2029 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to the increasing deployment of smart cities, rising consumer preference for contactless charging solutions, growing emphasis on reducing the carbon footprint in transportation, improving cost-effectiveness of wireless charging solutions, and expanding fleet electrification by logistics and public transport companies. Major trends in the forecast period include the development of standardized protocols for interoperability, creation of cost-effective infrastructure models, integration with smart grid systems, innovation in dynamic charging lanes, and advancements in high-power charging technology.

The increasing adoption of electric vehicles (EVs) is expected to propel the growth of the inductive roadway charging display market going forward. Electric vehicles are automobiles powered entirely or partially by electricity, offering a cleaner alternative to traditional internal combustion engines. The growing adoption of electric vehicles is driven by rising environmental awareness, as people seek to reduce greenhouse gas emissions and address climate change. Inductive roadway charging display improves the convenience and efficiency of electric vehicles by enabling wireless on-the-move charging, reducing range anxiety, and supporting wider EV adoption. For example, in February 2024, according to the U.S. Department of Energy, a US-based federal agency, a comparison of monthly EV sales over the past three years shows significant year-over-year growth for each month. Peak monthly sales reached approximately 50,000 vehicles in 2021, rose to around 80,000 in 2022, and surpassed 100,000 in 2023. Therefore, the increasing adoption of electric vehicles is driving the growth of the inductive roadway charging display market.

Major companies operating in the inductive roadway charging display market are focusing on developing innovative solutions, such as embedded roadway charging systems, to improve electric vehicle charging efficiency and convenience. Embedded roadway charging systems are road surfaces equipped with inductive coils that wirelessly transfer electricity to compatible electric vehicles as they drive or park over them. For example, in November 2023, the Michigan Department of Transportation, a US-based government department, partnered with Electreon Wireless Ltd., an Israel-based technology company, to launch the nation’s first public EV-charging roadway at Michigan Central in Detroit, enabling on-the-move wireless charging for electric vehicles. The system features inductive charging coils embedded beneath a quarter-mile section of 14th Street, allowing compatible EVs to charge dynamically while driving or statically when parked. Real-time monitoring through cloud-based software ensures seamless, contactless power transfer to vehicles equipped with Electreon receivers, advancing scalable, zero-emission transportation infrastructure.

In May 2022, Arendals Fossekompani ASA, a Norway-based industrial investment company, acquired 100 percent of IPT Technology Ltd for an undisclosed amount. Through this acquisition, Arendals Fossekompani ASA aims to expand its presence in wireless charging and sustainable energy solutions for mobility and industrial applications. IPT Technology Ltd is a UK-based company that manufactures inductive roadway charging systems.

Major players in the inductive roadway charging display market are Siemens AG, Groupe Renault, Volvo Group, Continental AG, Qualcomm Incorporated, ABB Limited, Toshiba Corporation, ZTE Corporation, Jacobs Engineering Group Inc., Bombardier Inc., DAIHEN Corporation, Oak Ridge National Laboratory, ENRX S.A., Arendals Fossekompani ASA, Momentum Dynamics Corporation, WiTricity Corporation, Ideanomics Inc., Sino Energy Co Ltd., Electreon Wireless Ltd., and InductEV Inc.

North America was the largest region in the inductive roadway charging display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in inductive roadway charging display report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the utilities sector, particularly in power generation, grid infrastructure, and renewable energy projects. Higher duties on imported equipment such as turbines, transformers, solar panels, and battery storage systems have increased capital and operational costs for utility providers, forcing them to reconsider project timelines or pass on expenses to consumers through higher energy rates. The water and waste management segments are also affected, with tariffs driving up the cost of essential machinery, piping, and treatment technologies. Additionally, retaliatory tariffs have disrupted global supply chains for critical raw materials like rare earth metals used in clean energy technologies, further complicating the transition to sustainable energy sources. The sector must now prioritize domestic sourcing, digitalization, and efficiency-driven innovations to manage escalating costs while ensuring energy security and regulatory compliance.

The inductive roadway charging display market research report is one of a series of new reports that provides inductive roadway charging display market statistics, including inductive roadway charging display industry global market size, regional shares, competitors with a inductive roadway charging display market share, detailed inductive roadway charging display market segments, market trends and opportunities, and any further data you may need to thrive in the inductive roadway charging display industry. This inductive roadway charging display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Inductive roadway charging display refers to a system that delivers visual information about wireless charging for electric vehicles directly through the roadway. It shows the status, availability, or operational parameters of inductive charging systems embedded in roads, helping drivers know when and where their vehicles can charge while stationary or in motion.

The main components of inductive roadway charging display include hardware, software, and services. Hardware comprises physical components such as embedded inductive coils, power electronics, sensors, communication modules, and charging pads installed in roadways to enable wireless charging and display real-time status information for electric vehicles. Display types include light-emitting diode (LED), liquid crystal display (LCD), organic light-emitting diode (OLED), and others. These systems support various charging technologies, including dynamic wireless charging and static wireless charging, and are applied across multiple environments such as highways, urban roads, parking lots, airports, and others. They serve a broad range of end users, including public infrastructure, private infrastructure, government, transportation authorities, and others.

The countries covered in the inductive roadway charging display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The inductive roadway charging display market consists of revenues earned by entities by providing services such as system installation and integration services, predictive maintenance and monitoring, grid management and load balancing services, remote diagnostics and troubleshooting, and training and technical support services. The market value includes the value of related goods sold by the service provider or included within the service offering. The inductive roadway charging display market also includes sales of inductive power transfer modules, energy storage units, control and monitoring displays, charging alignment sensors, and protective enclosures and casings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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