GVR Report cover Wireless Charging Market Size, Share & Trends Report

Wireless Charging Market Size, Share & Trends Analysis Report By Technology (Inductive, Resonant, RF, Others), By Application (Automotive, Consumer Electronics, Industrial, Healthcare, Defense, Others), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-655-4
  • Number of Pages: 100
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2021
  • Industry: Technology

Report Overview

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.

U.S. Wireless Charging Market size and growth rate, 2023 - 2030

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.

Application Insights

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.

Global Wireless Charging Market share and size, 2022

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.

Regional Insights

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.

Wireless Charging Market Trends, by Region, 2023 - 2030

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.

Key Companies & Market Share Insights

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.



  • 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.

Recent Developments

  • 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.

Wireless Charging Market Report Scope

Report Attribute


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


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

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Global Wireless Charging Market Report Segmentation

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:

Global Wireless Charging Market Report Segmentation

  • 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

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