Wireless Charging Market to Reach US$ 60.7 Billion by 2031 | Strong 27.3% CAGR | North America Leads with 36% Share | Key Players: Qualcomm, Samsung, WiTricity

The Global Wireless Charging Market was valued at US$ 8.9 billion in 2023 and is projected to reach US$ 60.7 billion by 2031, growing at a CAGR of 27.3% during the forecast period 2024-2031. The market is experiencing strong momentum driven by the rapid adoption of smartphones, wearables, electric vehicles, and smart home devices, all of which increasingly rely on convenient, cable-free power solutions. Expanding consumer preference for seamless charging experiences and the integration of wireless charging modules in consumer electronics continue to propel market expansion.

Wireless charging enables the transfer of electrical energy from a charging base or node to a recipient device without physical cable connections. Although often referred to as inductive charging, it encompasses multiple methods, including inductive, radio frequency (RF), magnetic, and resonant charging technologies. These solutions ensure a stable power supply for devices such as smartphones, tablets, wearables, medical equipment, and IoT devices, keeping them consistently powered and ready for use. As technological advancements improve charging efficiency, speed, and compatibility, wireless charging is rapidly becoming a mainstream power delivery standard across industries.

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The Wireless Charging Market refers to the industry providing technologies that enable devices to charge without physical connectors by using electromagnetic fields for power transfer.

Key Developments
✅ October 2025: Leading consumer electronics brands integrated long-range RF and ultrasonic wireless charging technology into next-generation smart devices, enabling true over-the-air charging without physical contact pads.

✅ September 2025: Automakers in the U.S. expanded deployment of wireless EV charging pads across premium electric vehicle models, supporting hands-free charging in residential and commercial spaces.

✅ August 2025: European telecom operators incorporated wireless charging hotspots in retail and public infrastructure, improving convenience for smartphone and wearable users.

✅ June 2025: Asia-Pacific manufacturers launched high-efficiency Qi2-compatible chargers featuring magnetic alignment systems for faster and safer wireless charging.

✅ March 2025: Semiconductor companies introduced next-generation power ICs designed to enhance energy transfer efficiency and thermal management in compact wireless charging modules.

Mergers & Acquisitions
✅ November 2025: A major U.S. wireless power technology company acquired a European resonant charging solutions startup to strengthen its long-distance wireless charging portfolio.

✅ September 2025: An Asian consumer electronics giant partnered with a U.S. chipset manufacturer to co-develop high-efficiency wireless charging circuits for smartphones and IoT devices.

✅ June 2025: A global electronics components supplier acquired a magnetic materials company to enhance the performance of inductive and resonant wireless charging systems.

Key Players
Qualcomm Technologies, Inc. | uBeam | Toshiba Electronic Devices & Storage Corporation | Powermat | Integrated Device Technology, Inc. | Semtech Corporation | Powercast Corp | WiTricity Corporation | TDK Corporation | Samsung Electronics Co., Ltd.

Key Highlights
Qualcomm Technologies, Inc. - Holds a 17.6% share, driven by its advancements in wireless power chipsets, strong integration in smart devices, and continuous innovation in fast-charging ecosystems.

uBeam - Holds a 7.9% share, supported by its ultrasonic wireless power technology, growing traction in consumer electronics, and innovative long-distance charging solutions.

Toshiba Electronic Devices & Storage Corporation - Holds an 8.4% share, fueled by its power management ICs, energy-efficient components, and adoption across automotive and industrial sectors.

Powermat - Holds a 10.1% share, driven by its inductive and smart charging platforms, strong presence in public wireless charging infrastructure, and strategic partnerships with global OEMs.

Integrated Device Technology, Inc. - Holds a 9.3% share, supported by its wireless power receiver/transmitter ICs and leading role in Qi-standard compatible solutions.

Semtech Corporation - Holds a 6.8% share, fueled by its power management technologies, semiconductor expertise, and integration in IoT and portable devices.

Powercast Corp - Holds a 5.7% share, driven by its RF-based wireless charging systems enabling long-range, low-power device charging.

WiTricity Corporation - Holds a 12.9% share, supported by its magnetic resonance-based charging technology, leadership in EV wireless charging, and strong licensing partnerships.

TDK Corporation - Holds a 10.7% share, fueled by its advanced passive components, wireless charging modules, and expanding footprint in consumer and industrial electronics.

Samsung Electronics Co., Ltd. - Holds a 10.6% share, driven by its broad ecosystem of Qi-enabled devices, fast-charging innovations, and large-scale integration in smartphones and wearables.

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Market Drivers
• Increasing adoption of smartphones, wearables, and smart home devices supporting wireless charging compatibility.

• Growing demand for convenient, cable-free charging solutions across consumer electronics.

• Expansion of electric vehicles (EVs) driving the need for wireless charging pads and inductive charging infrastructure.

• Advancements in charging technologies such as fast wireless charging, long-range RF charging, and resonant charging.

• Rising integration of wireless charging in public spaces, automobiles, workplaces, and commercial infrastructure.

• Growing consumer preference for durable charging options that reduce cable wear and enhance device lifespan.

• Increasing R&D investments in multi-device charging pads, intelligent charging systems, and high-efficiency transmitters.

Industry Developments
• Launch of multi-coil wireless charging pads supporting simultaneous charging of smartphones, earbuds, and wearables.

• Expansion of EV wireless charging pilot projects for autonomous parking and smart mobility ecosystems.

• Development of long-range wireless charging technologies using radiofrequency (RF), ultrasound, and laser-based systems.

• Partnerships between automotive manufacturers and charging technology firms to integrate seamless in-car wireless charging.

• Introduction of smart charging surfaces embedded in furniture, retail counters, and office environments.

• Rising adoption of Qi-certified charging devices ensuring improved interoperability and safety.

• Increased investment in IoT-enabled wireless charging infrastructure for smart cities and connected devices.

Regional Insights
North America - 36% share: "Driven by strong consumer electronics adoption, expanding EV ecosystem, and rapid integration of wireless charging in premium vehicles."

Europe - 30% share: "Supported by rising EV penetration, regulatory push for advanced charging technologies, and growing demand for public wireless charging stations."

Asia Pacific - 26% share: "Fueled by large-scale smartphone manufacturing, growing adoption of wireless charging accessories, and increasing technology deployment in China, South Korea, and Japan."

Latin America - 5% share: "Boosted by expanding consumer electronics market, rising preference for convenient charging solutions, and gradual EV infrastructure growth."

Middle East & Africa - 3% share: "Driven by increasing smart device penetration, modernization of retail and commercial spaces, and early adoption of premium wireless charging technologies."

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Key Segments

➥ By Technology
Radio Frequency: Uses RF waves for wireless power transfer across short to moderate distances, suitable for low-power devices such as wearables, IoT devices, and small consumer electronics. It supports multi-device charging and flexible positioning.

Inductive: The most widely used technology, enabling efficient near-field power transfer through magnetic induction. Commonly applied in smartphones, electric toothbrushes, medical implants, and automotive wireless charging pads due to its high safety and reliability.

Resonant: Allows mid-range charging using magnetic resonance, enabling greater spatial freedom and the ability to charge multiple devices simultaneously. Ideal for consumer electronics, industrial equipment, and smart-home ecosystems.

➥ By Component
Receiver: Integrated into end devices-such as smartphones, wearables, medical implants, and automotive systems-to receive power wirelessly and convert it into usable electrical energy.

Transmitter: Charging bases, pads, modules, and embedded systems that generate electromagnetic fields to transfer power to compatible receivers across various power levels and distances.

➥ By Application
Medical Devices: Used for powering implants, hearing aids, portable medical monitors, and wearable health devices, reducing infection risks and improving patient comfort by eliminating physical connectors.

Automotive: Supports in-vehicle wireless charging for smartphones and enables emerging technologies like wireless EV charging and onboard electronics power systems.

Smartphones and Tablets: A major segment driven by widespread adoption of wireless charging in consumer electronics, enhancing convenience and device durability.

Wearable Devices: Includes smartwatches, fitness trackers, hearing aids, and AR/VR wearables that benefit from compact, cable-free charging solutions.

Others: Covers industrial sensors, IoT devices, smart home products, robotics, and additional electronics requiring contactless power delivery.

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