Wireless Charging Market Report 2025

The wireless charging market size has grown exponentially in recent years. It will grow from $21.2 billion in 2024 to $27.56 billion in 2025 at a compound annual growth rate (CAGR) of 30%. The growth in the historic period can be attributed to rise in disposable income, a rise in the number of various surgical procedures, rising demand for consumer electronics and increasing government initiatives.

The wireless charging market size is expected to see exponential growth in the next few years. It will grow to $77.66 billion in 2029 at a compound annual growth rate (CAGR) of 29.6%. The growth in the forecast period can be attributed to the rising demand for electronic devices, increasing popularity and high sales of electric vehicles (ev), growth of a wide range of autonomous and commercial automobiles and rising urbanization. Major trends in the forecast period include advances in wireless charging, use of mi air charge wireless charging technology, strategic collaborations and partnerships, adoption of smart wireless charging board and automotive in-cabin wireless charging solution.

The rising sales of smartphones are expected to drive the growth of the wireless charging market. Smartphones are equipped with built-in computers that offer various features, including operating systems, web browsing, and the ability to run software programs. Wireless chargers provide convenience and enhanced durability for users, making them increasingly popular. For instance, in December 2023, Demandsage, a US-based automated data reporting platform developer, projected that by 2024, the number of smartphone users is expected to reach 7.1 billion, accounting for 85% of the global population. This represents a 4.2% increase from 2022, when there were approximately 6.6 billion smartphone users worldwide. Consequently, the growth in smartphone sales is fueling the expansion of the wireless charging market.

The wireless charging market is expected to experience growth fueled by the rising popularity and increased sales of electric vehicles (EVs). Battery electric vehicles (BEVs), categorized as all-electric vehicles, rely on electric motors rather than internal combustion engines. Wireless charging, utilizing electromagnetic induction, transmits electrical power through the atmosphere as a magnetic field. Notably, data from the International Energy Agency in May 2022 indicated a significant uptick in EV sales, nearly doubling in 2021 compared to the previous year, reaching 10.2 million units. Projections for 2023 anticipate global electric car sales to surge to 14 million units, reflecting a remarkable 35% growth rate. The increasing adoption and high sales of EVs, aligning with wireless charging technology, are poised to be a driving force behind the wireless charging market's growth.

Major companies in the wireless charging market are focusing on delivering technologically advanced solutions, such as over-the-air (OTA) power transmission technology, to enhance user convenience and efficiency. OTA power transmission refers to a method of wireless power transfer that allows electricity to be transmitted without direct physical contact between the transmitter and receiver. For example, in January 2023, Ossia, a US-based wireless power technology company, unveiled its Cota Universal Base at the 2023 CES (Consumer Electronics Show). This innovative product features Cota Real Wireless Power, enabling devices to be charged without needing direct contact or physical charging pads. The Cota Universal Base can simultaneously power multiple devices using radio frequency (RF) technology to deliver energy to devices within its range. This advancement represents a significant leap in charging technology, improving user convenience and facilitating seamless integration of wireless power into everyday life. As a result, the introduction of such innovative charging solutions is expected to drive substantial growth in the wireless charging market, as consumers increasingly seek convenient and efficient power options.

Major companies in the wireless charging market are concentrating on delivering technologically advanced solutions, such as ultra-fast wireless charging, to enhance convenience and efficiency for consumers. Ultra-fast wireless charging refers to the capability to charge electronic devices wirelessly at significantly higher speeds compared to standard methods. For instance, in September 2022, Maxic Technology, a China-based high-tech design and sales company, launched the MT5785, a cutting-edge wireless charging receiver that provides 100W ultra-fast charging and 18W reverse transmission. This innovative product improves the efficiency and performance of wireless charging across various devices, including smartphones and wearables. With features like high power delivery, advanced safety measures, and exceptional efficiency, the MT5785 is designed to meet the demands of modern consumer electronics, positioning Maxic Technology at the forefront of the evolving wireless charging market.

In June 2022, Siemens, a German industrial manufacturing company, completed the acquisition of WiTricity for $25 million. This strategic move positions Siemens and WiTricity to collaborate in advancing innovation within the wireless electric vehicle (EV) charging sector, aiming to bridge gaps in wireless charging for electric passenger and light-duty commercial vehicles. WiTricity, the acquired company, is a U.S.-based technology firm specializing in wireless charging technology.

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.

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. The countries covered in the wireless charging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Wireless charging is the process of transferring power from a power outlet to a device without the need for a physical cable connection. This technology relies on electromagnetic induction, where energy is transmitted from a charger to a receiver. The charger contains an induction coil that generates an alternating electromagnetic field, which is then converted back into electricity by the receiver coil and supplied to the device's battery.

Key components of wireless charging include transmitters and receivers. Transmitters, typically in the form of charging stations connected to an outlet, are responsible for transferring energy. They play a crucial role in enhancing overall efficiency and ensuring the safety of the wireless charging system. Various technologies, such as inductive charging, resonant charging, and radio frequency-based charging, are utilized in wireless charging, catering to short, medium, and long transmission ranges. This versatile technology finds applications in consumer electronics, automotive, healthcare, industrial, defense, and other industries.

The wireless charging market research report is one of a series of new reports that provides wireless charging market statistics, including the wireless charging industry global market size, regional shares, competitors with a wireless charging market share, detailed wireless charging market segments, market trends and opportunities, and any further data you may need to thrive in the wireless charging industry. This wireless charging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The wireless charging market includes revenues earned by entities by providing electricity to portable devices without the need for a connecting cable. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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