Wireless Charging Market by Implementation (Transmitters, Receivers), Technology (Magnetic Resonance, Inductive, Radio Frequency), Application (Automotive, Consumer Electronics, Healthcare) and Region - Global Forecast to 2029
The wireless charging market is expected to reach USD 16.0 billion by 2029 from USD 6.4 billion in 2024, at a CAGR of 20.3% from 2024-2029. Rising adoption of smart and portable devices, increasing demand for wireless charging in electric vehicles, rising requirement for multi-device charging stations, increasing trend of integrating charging capabilities into furniture, infrastructures, smart homes, and IoT devices.
Scope of the Report
Years Considered for the Study
2020-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
By Implementation, Technology, Application and Region
Regions covered
North America, Europe, Asia Pacific, RoW
"Inductive technology segment is to hold the largest market share of wireless charging market in 2023."
Inductive technology is widely utilized in wireless charging due to its effectiveness, convenience, and widespread acceptance. Specifically employed in the Qi wireless charging standard, inductive systems establish a close coupling between the coils of the transmitter and receiver, minimizing energy loss during the charging process. Known for its effectiveness in power transfer and minimized energy loss, inductive technology is widely accepted in consumer electronics like smartphones and wearables. Inductive technology is used to wirelessly charge mid-sized electronic devices, such as mobile phones, personal digital assistants (PDA), MP3, medical devices, electric toothbrushes, and power tools.
"Consumer electronics application is to hold the largest market share of wireless charging market in 2023."
Consumer electronics dominate the wireless charging market, commanding the largest market share, primarily due to the widespread integration of wireless charging technology into everyday devices. The widespread presence of smartphones, a focus on enhancing user convenience, and the pursuit of seamless experiences have fueled the extensive acceptance of wireless charging in devices like smartphones, tablets, smartwatches, and other gadgets. The demand for wireless charging is heightened by the popularity of wearable technology, particularly smartwatches, which intensifies the desire for cable-free and convenient charging experiences. Product differentiation is a key factor, with wireless charging capabilities serving as a unique selling point in the competitive consumer electronics market. The industry's global influence, trendsetting nature, and innovation contribute to its leadership in the wireless charging market, supported by the growing consumer preference for the desirable feature across various devices and rising disposable incomes.
"The US in holds the largest market share of wireless charging market in 2023."
North America comprises the US, Canada, and Mexico. The rising demand for wireless charging in electric vehicles, smart devices, furniture and infrastructure, and healthcare expected to support the market growth in North America. In the US, rapid adoption of technologies and product development are estimated to play a significant role in market growth. The US manufacturing industry is one of the largest in North America. The growth of manufacturing facilities has increased the demand for wireless chargers in the US. The growth of the market in US is also attributed to presence of prominent market players such as Energizer (US), Plugless Power Inc. (US), Ossia Inc. (US), Qualcomm Technologies, Inc. (US), Leggett & Platt, Incorporated (US), Texas Instruments Incorporated (US), WiTricity Corporation (US).
The break-up of the profiles of primary participants:
By Company Type - Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
By Designation - C-level Executives - 40%, Directors - 35%, and Others - 25%
By Region - North America - 30%, Europe - 20%, Asia Pacific - 35%, and Rest of the World - 15%
Major players in the wireless charging market include Energizer (US), SAMSUNG (South Korea), Plugless Power Inc. (US), Ossia Inc. (US), and Qualcomm Technologies, Inc. (US) and others.
Research Coverage
The report segments the wireless charging market by Implementation, Technology, Application, and Region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall wireless charging market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Analysis of critical drivers (Rising adoption of smart and portable devices, increasing demand for wireless charging in electric vehicles, rising requirement for multi-device charging stations, increasing trend of integrating charging capabilities into furniture, infrastructures, smart homes, and IoT devices.), restraints (Compatibility issue associated with wireless charging devices), opportunities (use of wireless technology to charge warehouse trucks, development of faster and more efficient wireless technology), challenges (high investment in implementing iarge-scale wireless charging infrastructure for electric vehicles, preference for traditional charging technology) influencing the growth of the wireless charging market.
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the wireless charging market.
Market Development: Comprehensive information about lucrative markets - the report analyses the wireless charging market across various regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the wireless charging market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Energizer (US), SAMSUNG (South Korea), Plugless Power Inc. (US), Ossia Inc. (US), and Qualcomm Technologies, Inc. (US), WiTricity Corporation (US) and others.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNIT CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
1.6 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 WIRELESS CHARGING MARKET: RESEARCH DESIGN
2.2 SECONDARY AND PRIMARY RESEARCH
FIGURE 2 WIRELESS CHARGING MARKET: SECONDARY AND PRIMARY RESEARCH
2.2.1 SECONDARY DATA
2.2.1.1 List of major secondary sources
2.2.1.2 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Primary interviews with experts
2.2.2.2 Key data from primary sources
2.2.2.3 Key industry insights
2.2.2.4 Breakdown of primaries
2.3 MARKET SIZE ESTIMATION METHODOLOGY
2.3.1 BOTTOM-UP APPROACH
2.3.1.1 Approach to derive market size using bottom-up analysis (demand side)
TABLE 6 COMPANIES AND THEIR ROLES IN WIRELESS CHARGING ECOSYSTEM
5.7 TECHNOLOGY ANALYSIS
5.7.1 INTERNET OF THINGS (IOT)
5.7.2 ARTIFICIAL INTELLIGENCE (AI)
5.7.3 PREDICTIVE MAINTENANCE
5.7.4 INDUSTRY 4.0
5.8 PATENT ANALYSIS
FIGURE 26 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 7 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
FIGURE 27 NUMBER OF PATENTS GRANTED PER YEAR, 2014-2023
TABLE 8 PATENTS RELATED TO WIRELESS CHARGING, 2019-2023
5.9 TRADE ANALYSIS
5.9.1 IMPORT SCENARIO
FIGURE 28 IMPORT DATA FOR HS CODE 850440-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018-2022 (USD MILLION)
5.9.2 EXPORT SCENARIO
FIGURE 29 EXPORT DATA FOR HS CODE 850440-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018-2022 (USD MILLION)
5.10 KEY CONFERENCES AND EVENTS, 2024-2025
TABLE 9 WIRELESS CHARGING MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024-2025
5.11 CASE STUDY ANALYSIS
TABLE 10 ELECTRIFIED TRANSPORTATION COMPANY DEPLOYED WIRELESS CHARGING SYSTEMS FOR ELECTRIC VEHICLES
TABLE 11 MOMENTUM DYNAMICS DEPLOYED WIRELESS CHARGING SYSTEM AT COLUMBIA STATION IN WENATCHEE, WA, US, TO CHARGE LINK TRANSIT BUSES WITH MOMENTUM DYNAMICS CHARGING
TABLE 12 DAIHEN CORPORATION INCORPORATED WIRELESS CHARGING TECHNOLOGY FOR INDUSTRIAL APPLICATIONS UNDER WITRICITY LICENSE
TABLE 13 DELTA ELECTRONICS DEPLOYED WIRELESS CHARGING TECHNOLOGY PROVIDED BY WITRICITY CORPORATION TO REVOLUTIONIZE WAREHOUSE MANAGEMENT
5.12 STANDARDS AND REGULATORY LANDSCAPE
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12.2 STANDARDS
5.12.2.1 QI standard
5.12.2.2 AirFuel Alliance
5.12.2.2.1 Power Matters Alliance (PMA)
TABLE 18 FREQUENCY RANGE OF STANDARDS
5.12.2.3 ISO 15118-20
5.12.2.4 China GB standards for wireless charging of electric vehicles
5.12.2.5 Radio Equipment Directive
5.12.2.5.1 EN 301 489-1 & -3 (EMC)
5.12.2.5.2 ETSI EN 303 417 (Radio)
5.12.2.6 Standards for wireless charging
TABLE 19 STANDARDS RELATED TO WIRELESS CHARGING
5.13 PORTER'S FIVE FORCES ANALYSIS
FIGURE 30 WIRELESS CHARGING MARKET: PORTER'S FIVE FORCES ANALYSIS, 2023
TABLE 20 WIRELESS CHARGING MARKET: PORTER'S FIVE FORCES ANALYSIS, 2023
5.13.1 INTENSITY OF COMPETITIVE RIVALRY
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF SUBSTITUTES
5.13.5 THREAT OF NEW ENTRANTS
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
TABLE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
5.14.2 BUYING CRITERIA
FIGURE 32 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 22 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
6 WIRELESS CHARGING PRODUCT TYPES AND RECENT TRENDS IN MARKET
6.1 INTRODUCTION
6.2 WIRELESS CHARGING PRODUCT TYPES
6.2.1 WIRELESS CHARGING PADS
6.2.2 WIRELESS CHARGING STANDS
6.2.3 WIRELESS CHARGING POWER BANKS
6.2.4 WIRELESS CHARGING MATS
6.2.5 CAR WIRELESS CHARGERS
6.2.6 WIRELESS CHARGING FURNITURE
6.2.7 WIRELESS CHARGING DOCKS
6.2.8 WIRELESS CHARGING SLEEVES/CASES
6.2.9 MULTI-DEVICE CHARGING STATIONS
6.2.10 WIRELESS CHARGING MOUSE PADS
6.2.11 DESK LAMPS WITH WIRELESS CHARGING
6.2.12 FAST WIRELESS CHARGERS
6.3 RECENT TRENDS IN WIRELESS CHARGING MARKET
6.3.1 INTEGRATION INTO ELECTRIC VEHICLES (EVS)
6.3.2 INTEGRATION INTO FURNITURE AND INFRASTRUCTURE
6.3.3 LONG-RANGE WIRELESS CHARGING
6.3.4 ADVANCED CHARGING TECHNOLOGIES
6.3.5 STANDARDIZATION AND INTEROPERABILITY
6.3.6 INTEGRATION INTO SMARTPHONES AND WEARABLES
6.3.7 BI-DIRECTIONAL WIRELESS CHARGING
6.3.8 INSTALLATION IN PUBLIC SPACES
7 WIRELESS CHARGING MARKET, BY IMPLEMENTATION
7.1 INTRODUCTION
FIGURE 33 WIRELESS CHARGING MARKET, BY IMPLEMENTATION
FIGURE 34 RECEIVERS SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
TABLE 23 WIRELESS CHARGING MARKET, BY IMPLEMENTATION, 2020-2023 (USD MILLION)
TABLE 24 WIRELESS CHARGING MARKET, BY IMPLEMENTATION, 2024-2029 (USD MILLION)
7.2 TRANSMITTERS
7.2.1 GROWING DEMAND FOR FAST CHARGING SOLUTIONS TO INCREASE DEVELOPMENT OF TRANSMITTERS AND DRIVE MARKET
TABLE 170 WIRELESS ADVANCED VEHICLE ELECTRIFICATION, LLC.: COMPANY OVERVIEW
12.2.15 ZENS
TABLE 171 ZENS: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)** might not be captured in case of unlisted companies.
13 ADJACENT AND RELATED MARKETS
13.1 LITHIUM-ION BATTERY MARKET
13.2 INTRODUCTION
FIGURE 55 LITHIUM-ION BATTERY MARKET, BY APPLICATION
FIGURE 56 AUTOMOTIVE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 172 LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019-2022 (USD BILLION)
TABLE 173 LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023-2032 (USD BILLION)
13.3 CONSUMER ELECTRONICS
13.3.1 GROWING POPULARITY OF ELECTRONIC DEVICES TO BOOST SEGMENTAL GROWTH
13.3.2 SMARTPHONES
13.3.2.1 Rising power demands of modern-day smartphones to drive market
13.3.3 LAPTOPS
13.3.3.1 Increasing demand for slim and small-sized laptops equipped with li-ion batteries to drive market