Wireless Charging Market, By component, By Technology, By Application, By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)-Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Global Wireless Chargings Market size was valued at US$ 5.8 Bn in 2022, exhibiting a compound annual growth rate (CAGR) of 22.9% from 2023 to 2030.
Report Coverage
Report Details
Base Year:
2022
Market Size in 2023:
US$ 7.1 Bn
Historical Data for:
2018 to 2021
Forecast Period:
2023 - 2030
Forecast Period 2023 to 2030 CAGR:
22.90%
2030 Value Projection:
US$ 30 Bn
Wireless charging, also referred to as inductive charging, is a method of transferring power without the use of cords, utilizing electromagnetic induction to supply electricity to portable devices. It is commonly employed for charging smartphones, tablets, and smartwatches, functioning through the principle of inductive power transfer, where energy is transmitted between two objects using an electromagnetic field. The wireless charging system consists of receiver and transmitter components and incorporates other technologies like resonance charging and radiofrequency technology.
In addition to its application in consumer electronics, wireless charging is utilized in diverse areas such as electric vehicle charging, electric toothbrushes, power tools, and medical devices. The convenience of wireless charging lies in its ability to charge devices without requiring physical contact or precise alignment with a charging station or inductive pad. Furthermore, wireless charging explores various alternatives such as resonance charging, radiofrequency technology, laser beam, microwave, and conductive technologies to achieve efficient energy transfer.
Market Dynamics
The global wireless charging market is primarily driven by the increasing sales of electric vehicles worldwide. The growing popularity of electric vehicles can be attributed to their low maintenance and cost-effectiveness. According to the International Energy Agency (IEA) ,10 million electric cars were sold in 2022, and was expected to grow by 35% further. As automakers adopt wireless charging technology, it offers convenience and ease of use for charging electric vehicles. Users simply need to park their cars over the charging pad, eliminating the need for plug-in charging cables and providing a sophisticated charging experience.
Furthermore, the rise in consumer awareness about wireless charging, driven by technological advancements in mobile devices, has shifted consumer preferences towards wireless charging. Major mobile device vendors are incorporating wireless charging features in high-end models of laptops, smartphones, wearables, and notebooks, further supporting the growth of the global wireless charging market. For instance, Google Nexus 6 smartphone features Qi wireless charging technology, highlighting the increasing adoption of wireless charging in the consumer electronics sector.
Key features of the study:
This report provides an in-depth analysis of the global Wireless Charging market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global Wireless Charging market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study are Energizer Holding, Inc., PowerbyProxi, Pathronic AG, Qualcomm Technologies, Inc., ConvenientPower HK Limited, Powermat Technologies, WiTricity Corporation, Xiaomi Inc., Integrated Device Technology Inc., Leggett and Platt Inc., and Texas Instruments Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
Global Wireless Charging market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Wireless Charging market
Detailed Segmentation
Global Wireless Charging Market, By Component:
Transmitters
Receivers
Global Wireless Charging Market, By Technology:
Inductive Technology
Resonance Charging Radio Frequency Technology
Others
Global Wireless Charging Market, By Application:
Consumer Electronics
Automotive
Healthcare
Industrial
Global Wireless Charging Market, By Region:
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
Company Profiles
Energizer Holding, Inc.
PowerbyProxi
Pathronic AG
Qualcomm Technologies, Inc.
ConvenientPower HK Limited
Powermat Technologies
WiTricity Corporation
Xiaomi Inc.
Integrated Device Technology Inc.
Leggett and Platt Inc.
Texas Instruments Inc.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Component
Market Snippet, By Technology
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Capability to charge multiple devices at the same time
Increased usage of wireless chargers in consumer electronic devices.
Restraints
Slow charging rate of wireless charging
Market Opportunities
Wireless charging for Electronic Vehicles
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Wireless Charging Market, By Component, 2023-2030, (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 - 2030
Segment Trends Market Share Analysis, 2022 and 2030 (%)
Transmitters
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Receivers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
5. Global Wireless Charging Market, By Technology, 2023-2030, (US$ Billion)
Introduction
Market Share Analysis, 2022 and 2030 (%)
Y-o-Y Growth Analysis, 2018 - 2030
Segment Trends Market Share Analysis, 2022 and 2030 (%)
Inductive Technology
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Resonance Charging Radio Frequency Technology
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
6. Global Wireless Charging Market, By Application, 2023-2030, (US$ Billion)
Introduction
Market Share Analysis, 2022 and 2030 (%)
Y-o-Y Growth Analysis, 2018 - 2030
Segment Trends Market Share Analysis, 2022 and 2030 (%)
Consumer Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Healthcare
Introduction
Market Size and Forecast, 2018-2030, (US$ Billion)
Others
Introduction
Market Size and Forecast, 2018-2030, (US$ Billion)
7. Global Wireless Charging Market, By Region, 2023-2030, (US$ Billion)
Introduction
Market Share Analysis, By Country, 2022 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2018-2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth,2018-2030 (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2018-2030, (US$ Billion)