Wireless Charging: A Leading Driver Behind Surge In Smartphone Sales Fuels Growth Of The Wireless Charging Market Market Expansion in 2025

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What Is the Expected CAGR for the Wireless Charging Market Through 2025?
The market size for wireless charging has seen a notable surge in the past few years. The market which was worth $21.2 billion in 2024, is projected to increase to $27.56 billion in 2025, showcasing a compound annual growth rate (CAGR) of 30.0%. The driving factors for this growth during the historical period include an increase in disposable income, a surge in the count of various surgical operations, a growing demand for consumer electronics, and the rise of government initiatives.

What's the Projected Size of the Global Wireless Charging Market by 2029?
In the coming years, it is anticipated that the wireless charging market will experience a significant surge, growing to $77.66 billion by 2029 with a compound annual growth rate (CAGR) of 29.6%. This upswing during the forecast period may be credited to an increasing demand for electronic devices, escalating popularity and robust sales of electric vehicles (ev), expansion of a wide spectrum of autonomous and commercial automobiles, and intensifying urbanization. During the forecast period, important trends to note include advancements in wireless charging, deployment of mi air charge wireless charging technology, strategic collaborations and partnerships, adoption of the smart wireless charging board, and the emergence of automotive in-cabin wireless charging solutions.

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Top Growth Drivers in the Wireless Charging Industry: What's Accelerating the Market?
The wireless charging market is predicted to expand due to the growing sales of smartphones. The multiple features provided by these devices, such as an inbuilt computer, operating system, and the ability to operate software programs, make them increasingly popular. Wireless chargers add to this appeal by providing user convenience and improved durability. As per the data from Demandsage, a U.S.-based automated data reporting platform, the number of smartphone users by 2024 is projected to hit 7.1 billion, representing 85% of the global population. This indicates a 4.2% hike from 2022, which saw around 6.6 billion global smartphone users. Therefore, the rising sales of smartphones are fueling the expansion of the wireless charging market.

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What Trends Will Shape the Wireless Charging Market Through 2029 and Beyond?
Top firms active in the wireless charging market are prioritizing the provision of high-tech solutions, such as over-the-air power transmission technology, to elevate user comfort and effectiveness. Over-the-air (OTA) power transmission technology implies a wireless power transmission mode that facilitates electric flow without direct physical contact between the sourcing and receiving ends. As an illustration, Ossia, a wireless power technology corporation from the US, unveiled its Cota Universal Base at the 2023 CES (Consumer Electronics Show) in January 2023. This revolutionary development incorporates Cota Real Wireless Power, which lets gadgets charge wirelessly, eradicating the necessity for direct physical connections or charging matrices. The Cota Universal Base can power up numerous devices at once, making use of radio frequency (RF) technology to relay energy to devices within its proximity. This progress indicates a substantial stride ahead in charging technology, bolstering user comfort and facilitating the smooth merger of wireless power in daily life. Thus, the rollout of this pioneering charging solution is anticipated to catalyze substantial growth in the wireless charging market, as customers are progressively in pursuit of convenient and efficient power solutions.

What Are the Main Segments in the Wireless Charging Market?
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 Top Companies are Driving Growth in the Wireless Charging Market?
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

Which Regions Will Dominate the Wireless Charging Market Through 2029?
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.

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