Wireless Charging Market

The wireless charging market is estimated at USD 10.75 billion in 2024 and is anticipated to achieve USD 59.68 billion by 2032. This growth is forecasted to occur at a steady compound annual growth rate (CAGR) of 23.9% from 2025 to 2032.

Wireless Charging Market Overview

Wireless power technology eliminates the need for cord connections to recharge portable electronics. This promising technology has experienced significant progress over the past few decades and now offers a wide variety of user-friendly applications. The global market for wireless chargers is anticipated to be impacted in the near future by rising demand for wireless chargers for smartphones, wearable technology, autonomous guided cars, autonomous robots, and electric vehicles.

Wireless chargers provide better user engagement, accessibility, reachability, and automation when compared to conventional chargers. During the anticipated time, it is expected that these chargers will become smaller and more portable due to developments in GaN materials and the introduction of novel circuit designs. Participants in the market are focusing on innovation and R&D in wireless chargers by employing strategies like mergers and acquisitions and product portfolio expansion to diversify their revenue streams.

The act of delivering energy from a power outlet to a consumer device without the use of a cable is known as wireless charging. A receiver, which may be an external casing or a component of the user’s device, and a power transmitting pad make up the system. The healthcare, automotive, and manufacturing sectors are becoming more interested in wireless charging due to its potential for increased mobility and advancements that could allow small Internet of Things (IoT) devices to acquire power from a charger many feet away.

There are stringent restrictions on how far away a device can be from a charging pad because the most popular wireless methods now in use rely on an electromagnetic field created by two copper coils. Soap bars can currently be found with a 100W charger. The use of EV charging may result in a large increase in electricity demand. The biggest obstacle to the faster adoption of an electrified transportation system is the lack of accessible and easily available charging infrastructure. This is expected to limit market expansion over the projection period.

Market Dynamics

Wireless power transfer is useful for many devices, including headsets, mice, keyboards, and wireless speakers. Tablet PCs, notebooks, ultrabooks, and laptops can all act as hosts or clients for wireless charging. Major corporations are increasing their R&D expenditures in order to introduce cutting-edge products and gain a competitive advantage.

The necessity for safe and secure solutions when putting charging pads (transmitters) in public locations presents a unique challenge. These public access terminal wireless chargers may be found at many coffee shops, airport kiosks, and hotels. So, it’s expected that rising demand for wireless chargers throughout the consumer electronics industry will drive the market’s expansion during the course of the forecast period.

EVs are more advantageous for the environment and the economy than internal combustion engines. An electric automobile is hassle-free to own and drive, but charging one is usually perplexing, unnerving, and annoying. A driver may just park their electric vehicle (EV) over a charging pad and proceed with their day knowing that their vehicle will recharge just as quickly and effectively as hooked into Level 2 equipment thanks to a wireless charger that uses magnetic resonance technology. It is predicted that this technology will help automakers and Tier 1 suppliers set their EVs apart from the competition.

With 2 million vehicles sold in the first quarter, the International Energy Agency (IEA) forecasts a considerable increase in worldwide electric car sales in 2022. Siemens also invested US$25 million and acquired a modest stake in the American startup WiTricity, which creates wireless charging technology, in June 2022. Siemens and WiTricity worked together to encourage innovation in the recently emerging wireless EV charging market. However, the development of a wireless charging system for EVs is still in its infancy and now focuses on EV and plug-in hybrid stationary unidirectional charging (PHEV).

Insights by Segments

Component Insights
In 2024, the transmitter component segment held the largest share of the market. This dominance is largely due to rapid advancements in transmitter technology, which have significantly enhanced power delivery, charging speed, and transmission range. These improvements have made wireless charging more efficient and practical, thereby boosting the growth prospects of this segment throughout the forecast period.

Meanwhile, the receiver component segment is projected to record a robust CAGR of over 23% during the forecast period. This anticipated growth is driven by the rising incorporation of wireless charging receivers in a wide range of consumer devices such as smartphones, smartwatches, and wireless earbuds. The integration of these components streamlines the charging process, encouraging broader consumer adoption and fueling segment growth.

Technology Insights
The inductive technology segment led the market in 2024, driven by widespread adoption and industry standardization, particularly through the Qi wireless charging standard. This standard has enhanced device compatibility, encouraging manufacturers to adopt inductive charging in their products. The convenience of simply placing devices on charging pads without the need for cords further supports the segment’s growth outlook.

On the other hand, the radio frequency (RF) technology segment is expected to grow at the fastest CAGR during the forecast period. RF-based wireless charging allows for long-range power transfer, overcoming the limitations of traditional inductive methods. Its ability to charge multiple devices simultaneously within a given coverage area offers added convenience and flexibility, which is expected to accelerate demand in the coming years.

Application Insights
The consumer electronics segment claimed the largest revenue share in 2024 and is expected to maintain this position through the forecast period. This growth is attributed to the extensive integration of wireless charging technology into devices like smartphones, smartwatches, and wireless earbuds. As wearable tech becomes increasingly popular, demand for wireless charging solutions continues to surge.

The defense segment is projected to register the fastest CAGR over the forecast period. The implementation of wireless charging in defense applications, such as drones and unmanned vehicles, enables automated battery recharging, significantly extending operational life and mission durations. These capabilities are key drivers behind the segment’s rapid growth.

The healthcare segment is also poised for substantial growth over the forecast period. Wireless charging is becoming increasingly integrated into medical devices, including wearable health monitors, smart implants, and portable diagnostic tools. This technology supports uninterrupted device operation and real-time data transmission, enhancing patient monitoring and care delivery.

Regional Insights
Asia Pacific dominated the global wireless charging market in 2024, accounting for over 43% of the total market share. The region’s strong presence in consumer electronics manufacturing, particularly in China, Japan, and South Korea, combined with the growing adoption of electric vehicles, especially in China and Japan, is fueling demand for wireless charging infrastructure.

North America held the second-largest market share and is expected to see continued growth. Technological innovation and increased demand from the consumer electronics and automotive industries are key drivers. The growing reliance on mobile and computing devices like smartphones, laptops, and tablets further supports market expansion in the region.

The Middle East & Africa region is projected to witness the fastest CAGR, exceeding 32% over the forecast period. This growth is primarily attributed to the rising adoption of smartphones and tablets, along with increasing awareness of wireless charging benefits. As consumers in the region recognize the convenience and safety of wireless solutions, demand is expected to surge significantly.

Key Players

The key players in the Wireless Charging Market include-

1. Belkin International, Inc.
2. ConvenientPower HK Ltd.
3. Energous Corporation
4. Ossia Inc.
5. Plugless Power LLC
6. Powercast Corporation
7. Powermat Technologies
8. Renesas Electronics Corporation
9. Samsung Electronics
10. Texas Instruments, Inc.
11. WiTricity Corporation

Global Wireless Charging Market Report Segmentation

This report forecasts global, regional, and country revenue growth and analyzes the latest industry trends in each sub-segment from 2018 to 2032. For this study, Beyond Market Insights has segmented the global wireless charging market report based on technology, application, and region:

Component Outlook (Revenue, USD Million, 2018 – 2032)

1. Transmitters
2. Receivers

Technology Outlook (Revenue, USD Million, 2018 – 2032)

1. Inductive
2. Resonant
3. Radio Frequency
4. Others

Application Outlook (Revenue, USD Million, 2018 – 2032)

1. Automotive
2. Consumer Electronics
3. Industrial
4. Healthcare
5. Defense
6. Others

Regional Outlook (Revenue in USD Million, 2018 – 2032)

• • North America
    • The 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