Global wireless charging market size and share is currently valued at USD 6.95 billion in 2023 and is anticipated to generate an estimated revenue of USD 39.07 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 21.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
The wireless charging market has experienced significant growth as a transformative technology for powering devices without physical connections. Wireless charging uses electromagnetic fields to transfer energy between a charging pad or station and a compatible device, eliminating the need for traditional cables. This innovation is increasingly applied across diverse sectors, including consumer electronics, automotive, healthcare, and industrial applications.
The demand for wireless charging is driven by its convenience, durability, and potential to enable new use cases such as charging devices in transit or integrating charging capabilities into furniture and infrastructure. With ongoing advancements in efficiency and interoperability, wireless charging technology continues to reshape energy transfer methods.
Key Trends in the Wireless Charging Market:
- Integration of Resonant and Inductive Charging Technologies
The development of hybrid wireless charging technologies, such as resonant and inductive charging, is enabling faster and more efficient energy transfer. These advancements are improving user experiences and expanding the range of compatible devices. - Expansion of Long-Distance Wireless Charging
Emerging long-distance wireless charging technologies use radio frequency (RF) and magnetic resonance to charge devices without physical contact. This trend is paving the way for innovative applications in smart homes, offices, and public spaces. - Adoption in Public Infrastructure
Wireless charging is being integrated into public infrastructure, such as bus stops, airports, and restaurants, to provide on-the-go charging solutions for consumers. This trend aligns with the growing demand for ubiquitous and accessible power options. - Focus on Interoperability Standards
Industry players are collaborating to establish global interoperability standards, such as Qi, to ensure compatibility across devices and charging stations. This is fostering consumer confidence and encouraging widespread adoption.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/wireless-charging-market/request-for-sample
Some of the major players operating in the global market include:
- Apple Inc.
- ConvenientPower
- Energizer Holdings, Inc.
- Leggett & Platt, Incorporated
- MediaTek Inc.
- Mojo Mobility Inc.
- Murata Manufacturing Co., Ltd.
- PLUGLESS POWER INC.
- Powercast Corporation.
- Powermat
- Qualcomm Technologies, Inc.
Recent Developments in the Wireless Charging Market
- May 2023: Resonant Link Develops Wireless Charging for Medical Devices
Resonant Link introduced an innovative wireless charging system specifically designed for medical devices, including implants such as titanium cannulas. This technology enables patients to recharge their devices within minutes, ensuring uninterrupted use and enhancing their daily lives. - July 2023: Indie Semiconductor Launches Advanced SoC for Wireless Charging
Indie Semiconductor unveiled the iND87200 system-on-chip (SoC) for wireless power charging. This state-of-the-art SoC offers a comprehensive solution for designing affordable, in-cabin wireless charging systems that meet the WPC ‘Qi’ standard, redefining integration and performance in portable device charging. - November 2022: Motherson Partners with Aira for In-Vehicle Wireless Charging
Motherson collaborated with Aira to advance wireless charging technology within car interiors. This partnership focuses on developing innovative wireless charging modules that can seamlessly integrate into vehicle interiors, enhancing convenience and user experience for consumers. - July 2022: Plantronics and Luxshare-ICT Promote NFC Wireless Charging
Plantronics partnered with Luxshare-ICT to accelerate the adoption of NFC wireless charging technology in consumer and computing devices. The collaboration aims to provide ready-made solutions that simplify the integration of NFC wireless charging into various electronics, driving widespread adoption. - August 2022: MAHLE and Siemens Collaborate on EV Wireless Charging Systems
MAHLE and Siemens joined forces to research and develop wireless charging systems for electric vehicles. This partnership focuses on creating integrated infrastructure and automotive engineering systems that advance wireless charging technology, making EV charging more seamless and efficient.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Wireless Charging Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Wireless Charging Market, Technology Outlook (Revenue – USD Billion, 2019-2032)
- Inductive
- Resonant
- RF
- Others
Wireless Charging Market, Application Outlook (Revenue – USD Billion, 2019-2032)
- Automotive
- Consumer Electronics
- Industrial
- Healthcare
- Defense
- Others
The wireless charging market is redefining how devices are powered, driven by consumer demand for convenience, advancements in technology, and applications across industries. As trends such as long-distance charging, interoperability, and integration with renewable energy gain momentum, the market is poised for continued innovation and expansion. Wireless charging is not just enhancing user experiences; it is also shaping a more connected and efficient future.