Press release
Wireless Charging Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Wireless Charging Market Share
The surge in smartphone sales is anticipated to fuel the expansion of the wireless charging market. Smartphones come equipped with an integrated computer system providing various functionalities, including an operating system, internet surfing, and the ability to execute software applications. Wireless chargers offer improved durability and convenience to smart device users, making them a highly favored choice. As per Demandsage, a US-based Developer of automated data reporting platform, in December 2023, the user base of smartphones is projected to hit 7.1 billion in 2024, accounting for 85% of the global populace. This demonstrates a 4.2% surge from 2022, when the global smartphone user count was approximately 6.6 billion. Consequently, the escalating smartphone sales are steering the expansion of the wireless charging market.
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How will the growth rate of the wireless charging market shape industry trends by 2034?
The market size of wireless charging has seen an exponential increase in the past few years. The growth is expected to rise from $21.2 billion in 2024 to $27.56 billion in 2025, projecting a compound annual growth rate (CAGR) of 30.0%. Increases in disposable income, the frequency of various surgical procedures, a growing consumer electronics demand, and heightened government initiatives largely contributed to the surge experienced during the historic period.
The market size for wireless charging is predicted to experience high-speed growth in the upcoming years, expanding to a notable $77.66 billion by 2029, boasting a compound annual growth rate (CAGR) of 29.6%. This growth during the forecast period is credited to increased demand for electronic devices, the growing attraction and sales of electric vehicles (ev), the evolution of various autonomous and commercial vehicles, and escalating urbanization. The forecast period will also bear witness to several trends, including advancements in wireless charging methods, the application of mi air charge wireless charging technology, strategic collaborations and alliances, the use of innovative smart wireless charging boards, and the introduction of in-cabin wireless charging solutions in the automotive industry.
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What are the most significant trends transforming the wireless charging market today?
Key players in the wireless charging market are concentrating on introducing advanced technological solutions, such as over-the-air (OTA) power transfer technology - a method of transferring power without the requirement for physical contact between the transmitter and receiver - to improve user convenience and efficiency. As an example, in January 2023, American wireless power technology company Ossia presented its Cota Universal Base at the 2023 Consumer Electronics Show (CES). This revolutionary product features Cota Real Wireless Power, enabling devices to be powered up wirelessly without necessitating direct contact or physical charging bases. The Cota Universal Base has the capacity to power multiple devices at once, making use of radio frequency (RF) technology to supply power within its range. This progress marks a significant development in charging technology, increasing user convenience and facilitating effortless incorporation of wireless power into daily routines. Accordingly, the launch of such an innovative charging solution is predicted to catalyze substantial growth in the wireless charging market as consumer demand for efficient and convenient power solutions escalates.
Which primary segments of the wireless charging market are driving growth and industry transformations?
The wireless charging market covered in this report is segmented -
1) By Components: Transmitters, Receivers
2) By Technology: Inductive Charging, Resonant Charging, Radio Frequency Based Charging, Other Technologies
3) By Transmission Range: Short Range, Medium Range, Long Range
4) By Application: Consumer Electronics, Automotive, Healthcare, Industrial, Defense, Other Applications
Subsegments:
1) By Transmitters: Inductive Transmitters, Resonant Transmitters, Radio Frequency (RF) Transmitters
2) By Receivers: Inductive Receivers, Resonant Receivers, Integrated Circuit (IC) Receivers
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Which geographical regions are pioneering growth in the wireless charging market?
North America was the largest region in the wireless charging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless charging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the wireless charging market landscape?
Major companies operating in the wireless charging market include Samsung Electronics Co., Ltd., Qualcomm Incorporated, Texas Instruments Incorporated, Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings, Inc., Murata Manufacturing Co., Ltd., Sony Corporation, LG Electronics Inc., Apple Inc., Panasonic Corporation, Toshiba Corporation, Philips Electronics, Zens BV, Belkin International, Inc., Anker Innovations Ltd., Fulton Innovation LLC, Mojo Mobility, Inc., Ossia Inc., Chargifi Ltd., Powercast Corporation, AirCharge Ltd., Renesas Electronics Corporation, NXP Semiconductors N.V., Broadcom Inc., MediaTek Inc., Infineon Technologies AG, Huawei Technologies Co., Ltd., Xiaomi Corporation, Dell Technologies
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What Is Covered In The Wireless Charging Global Market Report?
• Market Size Forecast: Examine the wireless charging market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the wireless charging market for a structured understanding.
• Key Players Overview: Analyze major players in the wireless charging market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the wireless charging market.
• Segment Contributions: Evaluate how different segments drive overall growth in the wireless charging market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the wireless charging market.
• Industry Challenges: Identify potential risks and obstacles affecting the wireless charging market.
• Competitive Landscape: Review strategic developments in the wireless charging market, including expansions, agreements, and new product launches.
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