Reports

Wireless Charging Market

Global Wireless Charging Market Size, Share, Growth: By Technology: Inductive Charging, Resonant Charging, Radio Frequency Based Charging, Others; By Transmission Range: Short Range, Middle Range, Long Range; By Application: Consumer Electronics, Automotive, Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Wireless Charging Market Outlook

The global wireless charging market stood at USD 12.33 billion in 2023. The market is projected to grow at a significant CAGR of 13.2% during the forecast period of 2024-2032 to reach USD 25.88 billion by 2032.

 

Global Wireless Charging Market

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On the basis of technology, inductive technology is estimated to dominate the global wireless charging market in 2020. Based on the application, the consumer electronics segment accounted for the majority of the total market share and is expected to retain its dominance during the forecast period. Based on the transmission line, the short-range wireless transmission is estimated to hold the largest market in 2020. 

Regionally, the Asia Pacific is projected to hold the major market share over the forecast period owing to the growing adoption of consumer electronics and the rising demand for electric vehicles. Also, the increase in disposable income associated with increasing investment in consumer electronics products is expected to drive the wireless charging market growth.

 

Market Segmentation

Wireless charging is defined as the process of electrically charging battery-powered appliances or devices without physically connecting to a live power source. It operates on the principle of electromagnetic induction (EMI). In EMI, an electric current is passed between the transmitter and the receiver through the use of coils to induce an electromagnetic field. Wireless charging is a convenient, safe, and reliable technology to charge wireless devices, while providing a cost-effective and portable alternative to traditionally wired charging systems. 

 

Global Wireless Charging Market By Technology

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On the basis of the technology, the global wireless charging market is divided into:

  • Inductive Charging
  • Resonant Charging
  • Radio Frequency Based Charging
  • Others

The wireless charging market can be broadly segregated on the basis of its transmission range into:

  • Short Range
  • Medium Range
  • Long Range

Based on the application, the global wireless charging market is segmented into:

  • Consumer Electronics
  • Automotive
  • Healthcare
  • Industrial
  • Defence
  • Others

The EMR report looks into the regional markets in the global wireless charging market like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Wireless Charging Market By Region

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Market Analysis

Wireless charging systems ensure the portability of appliances and eliminate the need for bulky power charging devices. It offers convenience to the wireless charging devices and has penetrated various industrial sectors such as industrial equipment, consumer electronics, and automotive. The wireless technology is being increasingly adopted and implemented in healthcare applications on account of the frequent power cuts during surgical procedures. Consequently, the healthcare industry is gaining momentum towards adopting advanced wireless charging alternatives that facilitate performance improvements in medical devices.

Moreover, wireless charging systems offer various advantages over the conventional charging system, such as mobility, ease of handling, and protection from electric shocks, thus, contributing to the growth of the global wireless charging market. The adoption of wireless charging solutions in automobiles and the growing proliferation of the Internet of Things (IoT) is also likely to foster the industry growth. Furthermore, the rising demand and potential of electric vehicles, particularly in European countries, is further expanding its application in the automotive industry. The rise in the sales of electric vehicles (EVs) and the growing adoption of portable electronics and wearables are also driving the industry growth. Moreover, the growing investments in research and development activities are estimated to stimulate the growth of the industry in the coming years.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global wireless charging market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Leggett & Platt, Incorporated
  • Energizer 
  • Powermat 
  • WiTricity Corporation
  • Samsung
  • Renesas Electronics Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Transmission Range, Application, Region
Breakup by Technology Inductive Charging, Resonant Charging, Radio Frequency Based Charging, Others
Breakup by Transmission Range Short Range, Middle Range, Long Range
Breakup by Application Consumer Electronics, Automotive, Healthcare, Industrial, Defence, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Leggett & Platt, Incorporated, Energizer, Powermat, WiTricity Corporation, Samsung, Renesas Electronics Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Wireless Charging Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Wireless Charging Historical Market (2018-2023) 
    8.3    Global Wireless Charging Market Forecast (2024-2032)
    8.4    Global Wireless Charging Market by Technology
        8.4.1    Inductive Charging
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Resonant Charging
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Radio Frequency Based Charging
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Wireless Charging Market by Transmission Range
        8.5.1    Short Range
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Middle Range
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Long Range
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Wireless Charging Market by Application
        8.6.1    Consumer Electronics
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Automotive
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Healthcare
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Industrial
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Defence
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others
    8.7    Global Wireless Charging Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Wireless Charging Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Wireless Charging Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Wireless Charging Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Wireless Charging Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Wireless Charging Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Leggett & Platt, Incorporated
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Energizer 
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Powermat 
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    WiTricity Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Samsung
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Renesas Electronics Corporation
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market
 

List of Key Figures and Tables

1.    Global Wireless Charging Market: Key Industry Highlights, 2018 and 2032
2.    Global Wireless Charging Historical Market: Breakup by Technology (USD Billion), 2018-2023
3.    Global Wireless Charging Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4.    Global Wireless Charging Historical Market: Breakup by Transmission Range (USD Billion), 2018-2023
5.    Global Wireless Charging Market Forecast: Breakup by Transmission Range (USD Billion), 2024-2032
6.    Global Wireless Charging Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Wireless Charging Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Wireless Charging Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Wireless Charging Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Wireless Charging Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Wireless Charging Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Wireless Charging Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Wireless Charging Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Wireless Charging Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Wireless Charging Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Wireless Charging Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Wireless Charging Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Wireless Charging Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Wireless Charging Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Wireless Charging Market Structure

Key Questions Answered in the Report

What was the global wireless charging market size in 2023?

The global wireless charging market reached a value of USD 12.33 billion in 2023.

What is the growth rate of the global wireless charging market?

The market is projected to grow at a CAGR of nearly 13.2% in the forecast period of 2024-2032.

What is the forecast outlook of the global wireless charging market for 2024-2032?

The market is estimated to reach a value of about USD 225.88 billion by 2032.

What are the major market drivers?

The major drivers of the market include rising disposable incomes, increasing sales of electric vehicles (EVs), and growing adoption of portable electronics and wearables.

What are the key trends of the market?

The wireless technology is being increasingly adopted and implemented in healthcare applications, on account of the frequent power cuts during surgical procedures. This is expected to be a key trend guiding the growth of the market along with increasing population.

What are the major regional markets according to the EMR report?

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.

What are the various technologies for wireless charging in the market?

Inductive charging, resonant charging, and radio frequency based charging are the various technologies in the market.

What are the leading transmission ranges in the market?

Short range, middle range, and long range are the leading transmission ranges in the market.

What are the various application segments in the market?

The consumer electronics, automotive, healthcare, industrial, and defence, among others are the various application segments in the market.

Who are the key market players according to the report?

The key players in the global wireless charging market are Leggett & Platt, Incorporated, Energizer, Powermat, WiTricity Corporation, Samsung, and Renesas Electronics Corporation, among others.

Analyst Review

The global wireless charging market attained a value of USD 12.33 billion in 2023, driven by the growth in the electronics industry. Aided by the rising demand for electric vehicles, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 13.2% The industry is projected to reach USD 25.88 billion by 2032.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its technology, the global market for wireless charging can be segmented into inductive charging, resonant charging, and radio frequency-based charging, and others, with inductive charging accounting for the largest market share. By transmission range, the short-range segment leads the industry. On the basis of application, the consumer electronics sector accounts for the largest share in the global industry. The major regional markets for wireless charging are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include Leggett & Platt, Incorporated, Energizer, Powermat, WiTricity Corporation, Samsung, and Renesas Electronics Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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