The global wireless charging market size was valued at USD 12.92 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 13.4% from 2023 to 2030. Growth prospects for the market seem very bullish due to the growing adoption of this technology in consumer electronics devices such as smartphones and tablets. Other sectors, such as automotive, industrial, healthcare, and defense, are also expected to spur industry growth as end-users have tended to minimize the hassles of wires for powering various devices.
The inductive segment dominated the market with the highest revenue share of 45.9% in 2022. Leading standards such as WPC (Qi technology) and PMA are based on inductive technology. In addition, Electric Vehicles (EVs) also use inductive technology for power. The ability to charge multiple devices simultaneously and the integration of wireless charging pads into various surfaces and furniture have further fueled the growth of the inductive segment.
Resonant technology is expected to grow considerably over the forecast period. Resonant technology aids in powering devices across small distances and does not require direct contact, thereby increasing convenience. The technology also allows numerous devices to be charged simultaneously.
The RF technology is expected to grow at the fastest CAGR of 21.5% during the forecast period as it eliminates the need for proper alignment in the case of small devices such as wearables and medical implants. Companies like Humavox have been investing in this technology due to its perceived advantages.
Consumer electronics dominated the market with a revenue share of 62.2% in 2022. Eliminating the hassles caused by wired chargers and the unavailability of electric points at most public places has resulted in the growing prominence of cordless power.
Healthcare and defense are expected to emerge as promising application sectors at a CAGR of 19.1% and 17.4%, respectively, over the forecast period. Researchers at Stanford University developed a new way to charge sensors and cybernetic implants wirelessly, paving the way for a new generation of ultra-small devices that can penetrate deeper inside the body. These devices help maintain the charge of these implants for longer and even operate without a battery.
North America dominated the market and accounted for the largest revenue share of 38.0% in 2022. Consumer’s inclination towards spending more for such power, especially their smartphones and tablets, has resulted in North America, particularly the U.S., being a key regional segment.
MEA is expected to grow at the fastest CAGR of 18.6% over the forecast period. The MEA region has witnessed increased technology awareness and adoption, driven by a young and tech-savvy population. As consumers become more familiar with wireless charging technology and its benefits, the demand for wireless chargers continues to grow.
As a lucrative industry for consumer electronics devices such as smartphones and laptops and a promising regional sector for hybrid electric vehicles, the Asia Pacific wireless charging market is expected to grow at a significant CAGR over the forecast period. Latin America and Africa are relatively untapped markets and are expected to witness high adoption of cordless charging over the forecast period.
The industry players are undertaking strategies such as product launches, acquisitions, and collaborations to increase their global reach. For instance, in May 2023, Resonant Link, a wireless power company, launched wireless charging for medical devices. It can be used to charge medical devices, including titanium cannula implants. This wireless charging solution allows patients to quickly recharge their devices within a few minutes, enabling them to carry on with their daily activities seamlessly. The following are some of the major participants in the global wireless charging market:
ConvenientPower
Energizer Holdings, Inc.
PLUGLESS POWER INC.
GETPOWERPAD
Renesas Electronics Corporation.
Leggett & Platt, Incorporated
MediaTek Inc.
Mojo Mobility Inc.
Murata Manufacturing Co., Ltd.
Apple Inc.
Powercast Corporation.
Powermat
Qualcomm Technologies, Inc.
Texas Instruments Incorporated.
WiTricity Corporation.
In July 2023, indie Semiconductor, an automotive semiconductors and solutions company, introduced a system-on-chip (SoC) for wireless power charging. The iND87200 SoC sets a new standard in integration, providing a comprehensive solution for developing cost-effective in-cabin portable device charging designs that meet the WPC 'Qi' standard. This innovative offering from indie Semiconductor simplifies and expedites the development process, enabling automotive manufacturers to incorporate efficient and reliable wireless charging capabilities in their vehicles.
In November 2022, Motherson, an auto component manufacturer, partnered with Aira, a consumer electronics company, to accelerate the developments in wireless charging for car interiors. This new partnership aims to provide exceptional wireless charging modules that seamlessly integrate into the interior of new vehicles, to deliver a superior user experience.
In August 2022, MAHLE, a technology group, and Siemens, an automation company, entered a collaborative agreement to explore wireless charging systems for electric vehicles. Through this partnership, both companies aim to work together on developing and testing comprehensive infrastructure and automotive engineering systems for wireless charging. This cooperation enables them to leverage their expertise and resources to drive advancements in wireless charging technology and contribute to the growth of electric mobility.
In July 2022, Plantronics AG, a wireless charging applications provider, partnered with Luxshare-ICT, an electronic component manufacturing company, to accelerate the adoption of NFC wireless charging in consumer and computing devices. With this partnership, the company aims to offer pre-built solutions for NFC wireless charging, facilitating seamless integration of wireless charging capabilities into a wide range of consumer electronics products.
In January 2021, Xiaomi, a consumer electronics company, launched Mi Air Charge, wireless charging technology to charge devices wirelessly. The Mi Air Charge charges multiple devices within a radius of several meters, even with obstacles. Xiaomi has developed an isolated charging system with a phase control array of 144 antennas that transmit millimeter-wide waves. These waves are directed to the targeted smartphone using beamforming technology, enabling a seamless charging experience.
Report Attribute |
Details |
Market size value in 2023 |
USD 14.86 billion |
Revenue forecast in 2030 |
USD 32.78 billion |
Growth rate |
CAGR of 13.4% from 2023 to 2030 |
Base year for estimation |
2022 |
Historical data |
2017 - 2021 |
Forecast period |
2023 - 2030 |
Report updated |
October 2023 |
Quantitative units |
Revenue in USD million and CAGR from 2023 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Technology, application, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; & MEA |
Country scope |
U.S.; Canada; U.K.; Germany; France; China; Japan; India; Australia; South Korea; Brazil; Mexico; Saudi Arabia; South Africa; UAE |
Key companies profiled |
ConvenientPower; Energizer Holdings, Inc.; PLUGLESS POWER INC.; GETPOWERPAD; Renesas Electronics Corporation.; Leggett & Platt, Incorporated; MediaTek Inc.; Mojo Mobility Inc.; Murata Manufacturing Co., Ltd.; Powercast Corporation.; Powermat; Qualcomm Technologies, Inc.; Texas Instruments Incorporated.; WiTricity Corporation |
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts global, regional, and country revenue growth and analyzes the latest industry trends in each sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global wireless charging market report on the basis of technology, application, and region:
Technology Outlook (Revenue in USD Million, 2017 - 2030)
Inductive
Resonant
RF
Others
Application Outlook (Revenue in USD Million, 2017 - 2030)
Automotive
Consumer Electronics
Industrial
Healthcare
Defense
Others
Regional Outlook (Revenue in USD Million, 2017 - 2030)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Asia Pacific
China
Japan
India
Australia
South Korea
Latin America
Brazil
Mexico
Middle East and Africa
Saudi Arabia
South Africa
UAE
b. The global wireless charging market size was estimated at USD 12.92 billion in 2022 and is expected to reach USD 14.86 billion in 2023.
b. The global wireless charging market is expected to grow at a compound annual growth rate of 13.4% from 2023 to 2030 to reach USD 32.78 billion by 2030.
b. The Asia Pacific region accounted for the largest share of 45.5% in the wireless charging market in 2022 and is expected to continue its dominance over the forecast period.
b. Some key players operating in the wireless charging market include Belkin International, Inc., WiTricity Corporation, Powermat Technologies, Plugless Power LLC, and Samsung Electronics
b. Key factors that are driving the wireless charging market growth include breakthroughs in wireless charging of medical implants, rising adoption of electric vehicles (EVs), growing demand for smartphones, and user-friendliness.
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