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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Wireless Charging Market Analysis
Wireless charging systems ensure the portability of appliances and eliminate the need for bulky power charging devices. It offers convenience to the wireless charging devices and has penetrated various industrial sectors such as industrial equipment, consumer electronics, and automotive. The wireless technology is being increasingly adopted and implemented in healthcare applications on account of the frequent power cuts during surgical procedures. Consequently, the healthcare industry is gaining momentum towards adopting advanced wireless charging alternatives that facilitate performance improvements in medical devices.
Moreover, wireless charging systems offer various advantages over the conventional charging system, such as mobility, ease of handling, and protection from electric shocks, thus, contributing to the growth of the global wireless charging market. The adoption of wireless charging solutions in automobiles and the growing proliferation of the Internet of Things (IoT) is also likely to foster the industry growth. Furthermore, the rising demand and potential of electric vehicles, particularly in European countries, is further expanding its application in the automotive industry. The rise in the sales of electric vehicles (EVs) and the growing adoption of portable electronics and wearables are also driving the industry growth. Moreover, the growing investments in research and development activities are estimated to stimulate the growth of the industry in the coming years.
Wireless Charging Market Report Snapshots
Wireless Charging Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global wireless charging market reached a value of USD 13.96 billion in 2023.
The market is projected to grow at a CAGR of nearly 13.2% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 42.50 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing sales of electric vehicles (EVs), and growing adoption of portable electronics and wearables.
The wireless technology is being increasingly adopted and implemented in healthcare applications, on account of the frequent power cuts during surgical procedures. This is expected to be a key trend guiding the growth of the market along with increasing population.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.
Inductive charging, resonant charging, and radio frequency based charging are the various technologies in the market.
Short range, middle range, and long range are the leading transmission ranges in the market.
The consumer electronics, automotive, healthcare, industrial, and defence, among others are the various application segments in the market.
The key players in the global wireless charging market are Leggett & Platt, Incorporated, Energizer, Powermat, WiTricity Corporation, Samsung, and Renesas Electronics Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124