Wireless Charging Market

Industry Overview

The global Wireless Charging Market is expected to grow at a high CAGR of 23% from USD 5.2 billion to USD 14.6 billion by 2030 during the forecast period ranging from 2025 to 2030.

Wireless charging refers to the method of energy transmission from the power source to a consuming device without using any wires. The transmitter, or the charging station, supplies the energy that is received by a receiver integrated into a device to recharge the battery. Typically, the process uses the principle of electromagnetic induction to transmit power through a charging station. This process is widely used across several industries, such as automobiles, healthcare, and manufacturing. It is a safe and more efficient process that allows the consistent supply of power to recharge electrical devices. There are several benefits of wireless charging such as mobility, ease of use, safety due to no chances of electric shocks, and flexibility.

The COVID-19 pandemic has led to a downward trend in the wireless charging market in 2020 as there was less support from the government in other sectors and they were concentrating more on health services to curtail the pandemic. Moreover, supply chain disruptions, lockdowns have also impacted the growth of the market. However, the market is anticipated to recover and there will be an increase in the adoption of wireless charging in consumer electronics and automotive industries.

Market Segmentation

Insight by Technology

The global wireless charging market is divided by technology into RF, inductive, resonant and other segments. Among these categories, the inductive technology segment will grow more due to wider application and high demand.

Insight by Application

According to the applications, the global wireless charging market is split into aerospace & defense, automotive, consumer electronics, healthcare, and industrial sectors. Out of these, the consumer electronics sector is expected to grow at a higher XAGR and contribute more to the market due to the growing demand for smartphones, tablets, laptops, MP3 players, gaming consoles, wearables, and personal digital assistants due to changes in consumer choices and lifestyle in Asia-Pacific region especially. It is also attributed to rapid urbanization and the rise in the number of internet users.

Insight by Component

The global wireless charging market is also divided by its components into transmitter and receiver segments. Out of these two segments, the transmitter component segment is expected to grow more and contribute a larger market share during the forecast period due to significant developments in transmitter technology to improve power supply, charging speed, and range of transmission. The receiver component segment is, however, expected to grow at a faster rate due to growing number of electronic devices such as smartwatches, smartphones, and wireless earbuds.

Insight by Charging Station

The global wireless charging market is split by charging stations into home charging station and consumer charging station segments. Out of these two segments, the commercial charging stations will dominate the market during the forecast period. This is mainly due to the growing demand for such charging stations for consumer electronics devices and electric vehicles. It will also contribute a larger share of the market in terms of revenue due to the higher cost per charging unit. On the other hand, the home charging segment will grow at the highest rate due to rise in demand from domestic users during the forecast period.

Global Wireless Charging Market Report Coverage

Industry Dynamics

Industry Trends

There is a notable increase in the adoption and use of smart wearables, smartphones, IoT, and other electronic devices. There is also a significant rise in the installation of wireless charging stations at public places, retail outlets, and the charging in the automotive sector.

Growth Drivers

The most significant growth factor of the global wireless charging market is the growing adoption of this technology in the consumer electronics sector. It is also attributed to the rise in the sales of electric vehicles and the growing need to harvest RF energy. The fact that wireless charging allows charging several devices at a time propels its market growth even further. Also, the progress in charging technologies helps improve the life of wearable gadgets and portable devices which pushes the market forward.

Furthermore, the continual effort of miniaturization of consumer electronics devices, along with the growing application of wireless charging in the healthcare sector, expedites market growth. Manufacturers are also trying to provide easy-to-use alternatives with shorter charging time and positioning flexibility to offer a seamless consumer experience, which accelerates the market growth.

Challenges

The high cost of integrating this charging technologies hinders market growth along with its slower charging ability, lower efficiency of the chargers, and absence of any strand regulation. The incompatibility of devices that do not support the Qi wireless charging standard is another factor hindering the growth of the global wireless charging market.

Opportunities

Growth opportunities for the global wireless charging market lie in the growing usage of the Internet of Things, as well as extensive research in wireless charging technologies.The increased usage of the Internet of Things (IoT) and extensive research in far-field wireless charging technologies are projected to provide attractive prospects for market expansion in the future.

Geographic Overview

The North American market leads and contributes a larger share due to higher demand for efficient wireless charging technologies, consumer electronics and automotive sectors.

The European market is expected to grow significantly during the forecast period due to the rise in demand for more efficient and durable charging solutions for electronic products like portable gadgets and power tools.

The Asia-Pacific market will, however, grow at a faster rate due to higher volume of smartphones, laptops, and other electronic devices users.

Competitive Insight

With start-ups and established market participants, the wireless charging market is highly fragmented. Players are attempting to set themselves apart by emphasizing quality and price. The rising number of product launches, acquisitions, geographical expansion, agreements, and collaboration will provide promising opportunities for the industry players in this market.

Ossia is testing people's preconceptions about what wireless power can do. Ossia's Cota technology, based in Redmond, WA, revolutionizes wireless power by safely transmitting targeted energy to devices at a distance. Ossia’s unique RF smart antenna technology automatically maintains numerous devices charged without any human intervention, providing an efficient and fully wire-free, powered-up world that is always on and always connected.

WiTricity is the world's leading wireless charging company, enabling a sustainable future of electric and autonomous mobility. WiTricity's unique magnetic resonance technology is being integrated into the EV roadmaps of global automakers and Tier 1 suppliers, and it is the cornerstone of significant global standards being established to promote wide-scale adoption. WiTricity technology is responsible for advancements such as dynamic charging of moving vehicles and charging of autonomous robotics and vehicles without human involvement.

WiTricity's wireless charging solution provides high energy transmission over a large air gap, allowing it to be used in sports cars, sedans, and SUVs all with the same solution. It can be used in a variety of settings, including home, fleet, commercial, and public transit.

Some of the prominent players in the wireless charging market include Energizer, Ossia Inc., SAMSUNG, WiTricity Corporation, PLUGLESS POWER INC., Powermat, Qualcomm Technologies, Inc., Texas Instruments Incorporated, Energous Corporation, and Renesas Electronics Corporation.

Recent Developments by Key Players

Energizer Solar, a licensee of Energizer Holdings shall distribute its solar products in the North American market through California-based ATG E Power.

Wi Tricity, a leader in wireless charging technology has opened a subsidiary, WiTricity Japan KK, marking a significant expansion in its global footprint. This initiative is part of a broader collaboration with top Japanese energy firms, forming the EV Wireless Power Transfer Council, aimed at fostering the adoption of wireless electric vehicle (EV) charging technologies across Japan.

The Wireless Charging Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Technology
  • Inductive
  • RF
  • Resonant
  • Others
• By Application
  • Aerospace & Defense
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Industrial

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Technology
                1.2.2.    By Application               
                1.2.3.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Technology
                5.1.1.    Inductive
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030  
                5.1.2.    RF
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Resonant
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030  
                5.1.4.    Others
                        5.1.4.1. Market Definition
                        5.1.4.2. Market Estimation and Forecast to 2030        
        5.2.    By Application 
                5.2.1.    Aerospace & Defense
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    Automotive
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030
                5.2.3.    Consumer Electronics
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2030
                5.2.4.    Healthcare
                        5.2.4.1. Market Definition
                        5.2.4.2. Market Estimation and Forecast to 2030
                5.2.4.    Industrial
                        5.2.4.1. Market Definition
                        5.2.4.2. Market Estimation and Forecast to 2030              
        
6.    North America Market Estimate and Forecast

        6.1.    By Technology
        6.2.    By Application      
        6.3.    By Country – U.S., Canada, and Mexico
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Technology
        7.2.    By Application        
        7.3.    By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Technology
        8.2.    By Application        
        8.3.    By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Singapore Market Estimate and Forecast
                8.3.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Technology
        9.2.    By Application         
        9.3.    By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Energizer
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Ossia Inc.
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    SAMSUNG
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    WiTricity Corporation
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    PLUGLESS POWER INC.
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Powermat
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Qualcomm Technologies, Inc.
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Texas Instruments Incorporated
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Energous Corporation
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.   Renesas Electronics Corporation
                10.10.1.   Snapshot
                10.10.2.   Overview
                10.10.3.   Offerings
                10.10.4.   Financial Insight
                10.10.5.   Recent Developments        

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Wireless Charging Market, By Technology, 2018 - 2023 (USD Billion)
Table 5 Global Wireless Charging Market, By Technology, 2025 - 2030 (USD Billion)
Table 6 Global Wireless Charging Market, By Application, 2018 - 2023 (USD Billion)
Table 7 Global Wireless Charging Market, By Application, 2025 - 2030 (USD Billion)
Table 8 Global Wireless Charging Market, By Region, 2018 - 2023 (USD Billion)
Table 9 Global Wireless Charging Market, By Region, 2025 - 2030 (USD Billion)
Table 10 North America Wireless Charging Market, By Technology, 2018 - 2023 (USD Billion)
Table 11 North America Wireless Charging Market, By Technology, 2025 - 2030 (USD Billion)
Table 12 North America Wireless Charging Market, By Application, 2018 - 2023 (USD Billion)
Table 13 North America Wireless Charging Market, By Application, 2025 - 2030 (USD Billion)
Table 14 North America Wireless Charging Market, By Region, 2018 - 2023 (USD Billion)
Table 15 North America Wireless Charging Market, By Region, 2025 - 2030 (USD Billion)
Table 16 Europe Wireless Charging Market, By Technology, 2018 - 2023 (USD Billion)
Table 17 Europe Wireless Charging Market, By Technology, 2025 - 2030 (USD Billion)
Table 18 Europe Wireless Charging Market, By Application, 2018 - 2023 (USD Billion)
Table 19 Europe Wireless Charging Market, By Application, 2025 - 2030 (USD Billion)
Table 20 Europe Wireless Charging Market, By Region, 2018 - 2023 (USD Billion)
Table 21 Europe Wireless Charging Market, By Region, 2025 - 2030 (USD Billion)
Table 22 Asia-Pacific Wireless Charging Market, By Technology, 2018 - 2023 (USD Billion)
Table 23 Asia-Pacific Wireless Charging Market, By Technology, 2025 - 2030 (USD Billion)
Table 24 Asia-Pacific Wireless Charging Market, By Application, 2018 - 2023 (USD Billion)
Table 25 Asia-Pacific Wireless Charging Market, By Application, 2025 - 2030 (USD Billion)
Table 26 Asia-Pacific Wireless Charging Market, By Region, 2018 - 2023 (USD Billion)
Table 27 Asia-Pacific Wireless Charging Market, By Region, 2025 - 2030 (USD Billion)
Table 28 RoW Wireless Charging Market, By Technology, 2018 - 2023 (USD Billion)
Table 29 RoW Wireless Charging Market, By Technology, 2025 - 2030 (USD Billion)
Table 30 RoW Wireless Charging Market, By Application, 2018 - 2023 (USD Billion)
Table 31 RoW Wireless Charging Market, By Application, 2025 - 2030 (USD Billion)
Table 32 RoW Wireless Charging Market, By Region, 2018 - 2023 (USD Billion)
Table 33 RoW Wireless Charging Market, By Region, 2025 - 2030 (USD Billion)
Table 34 Snapshot – Energizer
Table 35 Snapshot – Ossia Inc.
Table 36 Snapshot – SAMSUNG
Table 37 Snapshot – WiTricity Corporation
Table 38 Snapshot – PLUGLESS POWER INC.
Table 39 Snapshot – Powermat
Table 40 Snapshot – Qualcomm Technologies, Inc.
Table 41 Snapshot – Texas Instruments Incorporated
Table 42 Snapshot – Energous Corporation
Table 43 Snapshot – Renesas Electronics Corporation

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Wireless Charging Market- Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Wireless Charging Market Highlight
Figure 12 Global Wireless Charging Market, By Technology, 2018 - 2030 (USD Billion)
Figure 13 Global Wireless Charging Market, By Application, 2018 - 2030 (USD Billion)
Figure 14 Global Wireless Charging Market, By Region, 2018 - 2030 (USD Billion)
Figure 15 North America Wireless Charging Market Highlight
Figure 16 North America Wireless Charging Market, By Technology, 2018 - 2030 (USD Billion)
Figure 17 North America Wireless Charging Market, By Application, 2018 - 2030 (USD Billion)
Figure 28 North America Wireless Charging Market, By Region, 2018 - 2030 (USD Billion)
Figure 19 Europe Wireless Charging Market Highlight
Figure 20 Europe Wireless Charging Market, By Technology, 2018 - 2030 (USD Billion)
Figure 21 Europe Wireless Charging Market, By Application, 2018 - 2030 (USD Billion)
Figure 22 Europe Wireless Charging Market, By Region, 2018 - 2030 (USD Billion)
Figure 23 Asia-Pacific Wireless Charging Market Highlight
Figure 24 Asia-Pacific Wireless Charging Market, By Technology, 2018 - 2030 (USD Billion)
Figure 25 Asia-Pacific Wireless Charging Market, By Application, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Wireless Charging Market, By Region, 2018 - 2030 (USD Billion)
Figure 27 RoW Wireless Charging Market Highlight
Figure 28 RoW Wireless Charging Market, By Technology, 2018 - 2030 (USD Billion)
Figure 29 RoW Wireless Charging Market, By Application, 2018 - 2030 (USD Billion)
Figure 30 RoW Wireless Charging Market, By Region, 2018 - 2030 (USD Billion)