Wireless Charging Market Outlook – 2027
The global wireless charging market size was valued at $6.51 billion in 2018, and is expected to reach $40.24 billion by 2027, growing at a CAGR of 22.2% from 2020 to 2027. Wireless charging is the transmission of energy from a power source to a consuming device without wires or cables. These devices comprise a charging station (or transmitter) that transmits the energy and a receiver (integrated inside a device) that receives the energy and charges the battery.
Wireless charging is a reliable, convenient, and safe technology to power and charge electrical devices. In addition, it provides efficient, cost-effective, and safer advantages over the traditional charging systems by eliminating the use of physical connectors and cables. Moreover, it maintains continuous transfer of power to ensure all types of devices (handheld industrial devices, smartphones, heavy-duty equipment, and others) are charged and readily available for use.
The new trend of charging the devices wirelessly called drop & charge is developed by the Humavox Company in which the charge station is defined as a key or box, and the receiver needs to be pressed on transmitter by an induction charging. Such features prove beneficial to the customer with better product designing, usability, and reliability. The excessive use of internet creates a charging problem for many smartphones & devices, which can be resolved by using a fast-wireless RF energy base charger. The growth in demand for efficient charging system is expected to significantly drive the growth of the wireless charging market.
Many wireless charging appliances use induction type of technology that consist of two primary induction coils, one at the charging base, which further deals with producing an alternating current from the base, and the other at the portable device. These coils are in the form of a pad that are clipped to the smartphones. This can be in a form of built-in charging coil that gets connected to the charging socket that together make up an electrical transformer. This uses the magnetic coupling phenomenon that is converted into electrical current by the transmitter & receiver coil respectively for the proper working of the inductive power transfer.
Mostly wireless power transfer is used in electronic devices such as smartphone, laptops, wearable electronics, and portable devices. Such rise in adoption of efficient charging system for portable electronics and wearable devices, which can increase the durability of the device is projected to ensure significant growth of the electronics wireless charging industry. In addition, IoT is gaining popularity and is considered as the third wave of technology. Moreover, wireless charging is the primary requirement of portable electronics product targeted by IoT such as smartphones, digital camera & camcorders, laptops & tablets, wearable electronics, and household electronics. Therefore, increase in popularity of the IoT market is expected to provide an opportunity for the wireless charging market growth.
Increase in sales of electric vehicles (EVs), constantly evolving portable electronics and wearables market, and frequent need of harvesting ambient RF energy are expected to drive the growth of the wireless charging market during the forecast period. However, expensive technology for its integration and slower charging as compared to other charging technologies are the factors anticipated to hamper the growth of the market. Moreover, excessive research in far-field wireless charging technologies and increase in adoption of Internet of Things (IoT) are expected to offer lucrative opportunities for the growth of the market in future.
Key Takeaways
The global wireless charging market study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
More than 1,500 product literature, industry releases, annual reports, and other such documents of major wireless charging market industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Key Market Dynamics
The wireless charging market is expected to witness notable growth during the forecast period, owing to the growing adoption of electric vehicles (EVs). Furthermore, the rising consumer electronics demand drives the growth of the wireless charging market. Moreover, integration with smart home devices is expected to propel the growth of the wireless charging market during the forecast period.
However, high initial costs are some of the prime factors that restrain wireless charging market growth. On the contrary, the increasing connectivity and use of IoT devices is expected to provide lucrative opportunities for the growth of the wireless charging market during the forecast period.
By Technology
Inductive segment is projected to be the most lucrative segment
Segment Review
The global wireless charging market is segmented on the basis of technology, industry vertical, and region. By technology, it is fragmented into inductive, resonant, radio frequency, and other segments. The inductive wireless charging segment dominated the wireless charging market in terms of revenue in 2018 and is expected to follow the same trend during the forecast period.
By Industry Vertical
Electronics segment is expected to secure the leading position throughout the forecast period
By industry vertical, the market is segregated into electronics, automotive, industrial, healthcare, and aerospace & defense. The electronics wireless charging segment accounted for the highest wireless charging market share in 2018, whereas the healthcare wireless charging segment is expected to grow at the highest CAGR from 2020 to 2027.
By Geography
Asia-Pacific region would exhibit the highest CAGR of 24.0% during 2020 - 2027
By region, the global wireless charging market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America accounted for the highest share, owing to the expansion of the electronics market and rise in sales of EVs. Europe was the second largest contributor in terms of revenue and is expected to witness significant growth during the forecast period, owing to the rise in the demand for fuel-efficient and durable charging system for electronic products such as power tools and portable gadgets.
Top Impacting Factors
The most prominent factors that drive the wireless charging market growth are increase in sales of electric vehicles (EVs), constantly evolving portable electronics and wearables market, and necessity to harvest ambient RF energy. However, technology is expensive to integrate. Further, comparatively slower charging restricts the market growth. These factors have definite impact on the growth of the wireless charging market. The impact of these factors is expected to decrease by 2027 due to advancements in technology. Each of these factors is anticipated to have a definite impact on the wireless charging market during the forecast period.
Regional/Country Market Outlook
North America: The wireless charging market in North America is driven by strict safety regulations, particularly in the U.S. and Canada. North America is a key market for wireless charging, driven by the high adoption of consumer electronics and electric vehicles. The United States, as the largest wireless charging market, showcases strong demand for wireless charging solutions in smartphones, wearables, and EVs, with major players like Tesla integrating this technology into their vehicle platforms. Canada is also witnessing growth in wireless charging infrastructure, particularly in urban areas, as more consumers seek convenient charging options. Furthermore, the presence of leading technology companies and automotive manufacturers in the region supports continuous innovation and development in wireless charging technologies.
Europe: Europe is experiencing significant growth in the wireless charging market, fuelled by stringent environmental regulations and a strong push for sustainable transportation solutions. Countries like Germany, France, and the United Kingdom are leading the charge in adopting wireless charging technology for electric vehicles and consumer electronics. Germany, known for its automotive industry, is investing heavily in integrating wireless charging systems into its EV infrastructure. Meanwhile, France and the UK are focusing on enhancing public charging solutions to support growing EV adoption. Additionally, the European Union's commitment to reducing carbon emissions further accelerates the demand for innovative wireless charging technologies across the region.
Asia-Pacific: The Asia-Pacific region dominates the wireless charging market, propelled by rapid technological advancements and increasing demand for consumer electronics. China, Japan, and South Korea are at the forefront of this growth, with China leading in the adoption of electric vehicles and investment in wireless charging infrastructure. Japan is recognized for its innovative approaches, with companies developing advanced wireless charging solutions for both consumer electronics and automotive applications. South Korea is also expanding its wireless charging capabilities, especially in urban areas. The region's strong manufacturing base and presence of major technology firms further enhance the development and deployment of wireless charging technologies.
LAMEA: The LAMEA region presents emerging opportunities for the wireless charging market, although it currently lags behind North America, Europe, and Asia-Pacific in adoption. In Latin America, countries like Brazil and Mexico are witnessing a gradual increase in consumer interest in wireless charging, driven by the rising popularity of smartphones and smart devices. In the Middle East, nations like the UAE are investing in smart city initiatives that include the integration of wireless charging infrastructure, particularly for electric vehicles. Africa is beginning to explore wireless charging solutions, especially in urban centres, as a means to enhance mobile device accessibility and convenience. Overall, while the LAMEA region faces challenges, ongoing investments and technological advancements are expected to boost the wireless charging market in the coming years.
Competitive Analysis
Competitive analysis and profiles of the major wireless charging market players, such as Samsung Electronics Co. Ltd., Qualcomm Incorporated, Texas Instruments, Integrated Device Technology Inc., Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings Inc., Murata Manufacturing Co. Ltd., Sony Corporation, and Fulton Innovation LLC, are provided in this report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the wireless charging industry.
Report Coverage & Deliverables
This report delivers in-depth insights into the wireless charging market, technology, industry vertical and region and key strategies employed by major players. It offers detailed wireless charging market forecasts and emerging trends.
Technology Insights
Inductive charging utilizes electromagnetic fields to transfer energy between coils, providing efficient power transfer for consumer electronics and electric vehicles, driven by convenience and user-friendliness. Resonant charging enhances energy transfer efficiency over greater distances compared to inductive methods, making it increasingly popular in applications like electric vehicles and smart home devices due to its versatility. Radio Frequency (RF) charging harnesses RF energy to power devices without direct contact, with growing applications in IoT devices and wearables, offering significant potential for seamless low-energy electronics. Other technologies, such as laser-based and ultrasound charging, are emerging alternatives that provide unique solutions for specific applications, potentially revolutionizing energy transfer in niche markets.
End User Insight
The electronics sector drives demand for wireless charging in smartphones, tablets, and wearables, as users seek convenience. In automotive, wireless charging enhances the user experience for electric vehicles, promoting sustainability. Industrial applications benefit from improved efficiency and reduced maintenance costs in automated systems. In healthcare, wireless charging supports efficient power management for medical devices, enhancing hygiene and convenience. Aerospace and defence rely on wireless charging for reliable power in critical systems, while retail and hospitality explore these solutions to enhance customer experiences in public and business environments.
Regional Insights
The Asia-Pacific region dominates the wireless charging market due to several key factors, including the rapid adoption of advanced technologies and the increasing demand for consumer electronics. Countries like China, Japan, and South Korea are at the forefront of innovation, driving significant investments in wireless charging infrastructure. The rising penetration of electric vehicles (EVs) in the region further fuels market growth, as manufacturers incorporate wireless charging solutions to enhance convenience for users. In addition, supportive government initiatives promoting sustainable technologies and smart city developments contribute to the region's leadership. The presence of major tech companies and manufacturers in Asia-Pacific also accelerates the development and deployment of wireless charging technologies, positioning the region as a global hub for wireless charging advancements.
Key Strategies and Developments
In July 2023, WiTricity Corporation launched the FastTrack Integration Program for automotive manufacturers, designed to streamline the evaluation and testing of electric vehicles equipped with wireless charging technology. This innovative program allows OEMs to complete the integration process within just 90 days, enabling full operational capability on their electric vehicle platforms using WiTricity's Halo receiver and Halo 11kW charger.
In June 2023, Ossia Inc. announced a strategic partnership with Nichicon Corporation to promote Ossia's Cota Real Wireless Power technology. This collaboration will leverage Nichicon's SLB Batteries, creating a Nichicon-branded battery that continuously receives power when placed near a Cota Power Transmitter. Cota Technology ensures the SLB battery can be charged continuously, enhancing convenience and efficiency for powering and charging devices.
In February 2023, Samsung unveiled SmartThings Hub, an enhanced version of its existing wireless charger. This multifunctional device serves as both a wireless charger and the most affordable Matter controller and Thread border router, integrating seamlessly with smart home automation systems while also facilitating Galaxy phone charging.
Key Benefits For Stakeholders
- This study comprises analytical depiction of the global wireless charging market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall wireless charging market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current wireless charging market forecast is quantitatively analyzed from 2018 to 2027 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and e wireless charging market share of key vendors.
- The report includes the wireless charging market trends and the market share of key vendors.
Wireless Charging Market Report Highlights
| Aspects | Details |
 By Technology |
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 By Industry Vertical |
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 By Region |
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 Key Market Players | FULTON INNOVATION LLC, ENERGIZER HOLDINGS, INC, RENESAS ELECTRONICS CORPORATION (INTERATED DEVICE TECHNOLOGY, INC.), SONY CORPORATION, WITRICITY CORPORATION, SAMSUNG ELECTRONICS CO., LTD., TEXAS INSTRUMENTS INC, POWERMAT TECHNOLOGIES LTD, QUALCOMM TECHNOLOGIES, INC, MURATA MANUFACTURING COMPANY, LTD. |
Analyst Review
The wireless charging market is a process of charging the batteries or equipment without any wired connection. Wireless charging is possible through various technologies such as inductive, resonant, radio frequency, and others. The market is fragmented with the presence of several private players, startups, and others.
The various market dynamics include rise in demand for reliable, convenient, and safe technology to power and charge electrical devices such as smartphones, wearables, tablets, EVs, and others that drive the growth of the wireless charging market. In addition, market growth is driven by the need for enhanced flexibility in devices in which replacing their batteries or connecting cables for charging is costly, hazardous, or infeasible (e.g., body implanted sensors).
Wireless charging for electric or plug-in hybrid vehicle is expected to experience increase in demand in a short period of time and can reduce present shortcomings of EVs such as short driving range and long charging time. Further, rise in internet data penetration and increase in dependency on the mobile data for business process as well as personal usage influences the wireless charging market positively.
According to executives of Wireless Charging Technology Standardization Organization, wireless charging holds a promising potential in changing the chemistry of conventional charging. The executive states, “Inductive wireless charging technology is extensively used in the automotive industry to charge EVs. Inductive technology consumes the largest share of the market, followed by resonant and others”.
Other technologies market is very niche and is expected to be evident after a couple of years. Rise in sales of smartphones from different manufacturers, primarily Apple Inc. and other Chinese vendors that have inbuilt wireless charging system, accelerates the development of these systems for the electronics industry.
The Global Wireless Charging Market is expected to grow at a CAGR of 22.2% from 2020 to 2027.
The Wireless Charging Market is projected to reach $40.24 billion by 2027.
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Increase in sales of electric vehicles (EVs), constantly evolving portable electronics and wearables market, and frequent need of harvesting ambient RF energy drives the growth of Wireless Charging Market.
The key players profiled in the report include Samsung Electronics Co. Ltd., Qualcomm Incorporated, Texas Instruments, Integrated Device Technology Inc., Powermat Technologies Ltd., WiTricity Corporation, and many more.
On the basis of top growing big corporations, we select top 10 players.
The Wireless Charging Market is segmented on the basis of technology, industry vertical, and region.
The key growth strategies of Wireless Charging market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
Radio Frequency segment would exhibit the highest CAGR of 25.6% during 2020 - 2027.
Electronics segment is expected to secure the leading position throughout the forecast period.
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