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Surge In Smartphone Sales Fuels Growth Of The Wireless Charging Market: The Driving Engine Behind Wireless Charging Market Evolution in 2025
Wireless Charging
Wireless Charging Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant expansion in the market size of wireless charging. It's projected to escalate from $21.2 billion in 2024 to $27.23 billion in 2025, boasting a compound annual growth rate (CAGR) of 28.5%. This leap during the historic period is linked to an increase in disposable income, a surge in diverse surgical procedures, an upsurge in consumer electronics demand, and a rise in government initiatives.
How Will the Wireless Charging Market Size Evolve and Grow by 2029?
In the coming years, the market for wireless charging is projected to expand dramatically. By 2029, it could reach a value of $75.1 billion with a compound annual growth rate (CAGR) of 28.9%. This anticipated growth in the upcoming period can be credited to the escalating demand for electronic devices, the growing appeal and significant sales of electric vehicles (ev), the expansion of a vast array of both autonomous and commercial vehicles, and increasing urban development. Throughout the forecast period, several key trends will emerge, including advancements in wireless charging technology, the implementation of mi air charge wireless charging tech, strategic collaborations and partnerships, the popularization of smart wireless charging boards, and the incorporation of in-cabin wireless charging solutions in vehicles.
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What Drivers Are Propelling the Growth of Wireless Charging Market Forward?
The wireless charging market is projected to grow due to the escalating sales of smartphones. These devices, equipped with in-built computers, offer a wide array of features such as an operating system, the ability to browse the web, and run various software applications. Wireless chargers provide enhanced durability and convenience to smart device users, hence they have gained significant popularity among consumers. By referencing data from Demandsage, a developer of automated data reporting platforms based in the U.S., in December 2023, it was projected that by 2024, the global smartphone user base would reach 7.1 billion. This encompasses 85% of the world population, signifying a 4.2% growth from 2022's figure of approximately 6.6 billion users. Consequently, the surge in smartphone sales is a considerable driving force for the expansion of the wireless charging market.
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Which Emerging Trends Are Transforming the Wireless Charging Market in 2025?
Key players in the wireless charging industry are honing in on the development and provision of state-of-the-art solutions, such as over-the-air (OTA) power transmission technology, to heighten user experience and outcomes. The OTA technology alludes to a method of wireless power delivery that negates the need for direct contact between the transmitter and receiver. For example, in January 2023, Ossia, an American wireless power technology company, unveiled its Cota Universal Base during the 2023 CES (Consumer Electronics Show). This cutting-edge innovation comprises the Cota Real Wireless Power, which lets devices charge wirelessly without requiring charging pads or direct contact. The Cota Universal Base is capable of charging multiple devices simultaneously, using radio frequency (RF) technology to transmit energy to devices in its radius. This development marks significant progress in charging technology, increases user convenience, and facilitates the integration of wireless power into daily life. Hence, the launch of this groundbreaking charging solution is likely to spur considerable growth in the wireless charging market as the demand for power solutions that are efficient and user-friendly grows among consumers.
What Are the Key Segments in the Wireless Charging Market?
The wireless chargingmarket 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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Who Are the Key Players Shaping the Wireless Charging Market's Competitive 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
What Geographic Markets Are Powering 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.
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