Global Wireless Charging Market Forecasted to Grow Steadily at 28.9% CAGR Between 2025 and 2029


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What Is the Forecasted Market Size of the Wireless Charging Market by 2029?
The wireless charging market size has grown exponentially in recent years. It will grow from $21.2 billion in 2024 to $27.23 billion in 2025 at a compound annual growth rate (CAGR) of 28.5%. The growth in the historic period can be attributed to rise in disposable income, a rise in the number of various surgical procedures, rising demand for consumer electronics and increasing government initiatives.

The wireless charging market size is expected to see exponential growth in the next few years. It will grow to $75.1 billion in 2029 at a compound annual growth rate (CAGR) of 28.9%. The growth in the forecast period can be attributed to the rising demand for electronic devices, increasing popularity and high sales of electric vehicles (ev), growth of a wide range of autonomous and commercial automobiles and rising urbanization. Major trends in the forecast period include advances in wireless charging, use of mi air charge wireless charging technology, strategic collaborations and partnerships, adoption of smart wireless charging board and automotive in-cabin wireless charging solution.

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What Are the Major Growth Drivers for the Wireless Charging Market?
The increasing sale of smartphones is expected to propel the growth of the wireless charging market. Smartphone devices feature a built-in computer that provides various features such as an operating system, web browsing, and the capacity to run software programs. Wireless chargers offer convenience and increased durability to smart device users, making them a popular choice amongst customers. For instance, in December 2023, according to the Demandsage, a US-based Developer of an automated data reporting platform, in 2024, the number of smartphone users is expected to reach 7.1 billion, covering 85% of the global population. This marks a 4.2% increase from 2022, when there were around 6.6 billion smartphone users worldwide. Therefore, the increase in smartphone sales is driving the growth of the wireless charging market.

Which Key Segments Are Included in the Wireless Charging Market Analysis?
The wireless chargingmarket covered in this report is segmented –

1) By Components: Transmitters, Receivers
2) By Technology: Inductive Charging, Resonant Charging, Radio Frequency Based Charging, Other Technologies
3) By Transmission Range: Short Range, Medium Range, Long Range
4) By Application: Consumer Electronics, Automotive, Healthcare, Industrial, Defense, Other Applications

Subsegments:
1) By Transmitters: Inductive Transmitters, Resonant Transmitters, Radio Frequency (RF) Transmitters
2) By Receivers: Inductive Receivers, Resonant Receivers, Integrated Circuit (IC) Receivers

What Are the Current Trends Influencing the Wireless Charging Market?
Major companies operating in the wireless charging market are focused on providing technologically advanced solutions, such as over-the-air power transmission technology, to enhance user convenience and efficiency. Over-the-air (OTA) power transmission technology refers to a wireless power transfer method that enables the transmission of electricity without direct physical contact between the transmitter and receiver. For instance, in January 2023, Ossia, a US-based wireless power technology company, revealed its Cota Universal Base at the 2023 CES (Consumer Electronics Show). This groundbreaking innovation features Cota Real Wireless Power, allowing devices to be wirelessly charged without the need for direct contact or physical charging pads. The Cota Universal Base can power multiple devices simultaneously, utilizing radio frequency (RF) technology to deliver energy to devices within its range. This advancement signifies a major leap forward in charging technology, enhancing user convenience and enabling seamless integration of wireless power in everyday life. Therefore, the introduction of this innovative charging solution is expected to drive significant growth in the wireless charging market as consumers increasingly seek convenient and efficient power solutions.

Who Are the Leading Market Participants in the Wireless Charging Market?
Major companies operating in the wireless charging market include Samsung Electronics Co., Ltd., Qualcomm Incorporated, Texas Instruments Incorporated, Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings, Inc., Murata Manufacturing Co., Ltd., Sony Corporation, LG Electronics Inc., Apple Inc., Panasonic Corporation, Toshiba Corporation, Philips Electronics, Zens BV, Belkin International, Inc., Anker Innovations Ltd., Fulton Innovation LLC, Mojo Mobility, Inc., Ossia Inc., Chargifi Ltd., Powercast Corporation, AirCharge Ltd., Renesas Electronics Corporation, NXP Semiconductors N.V., Broadcom Inc., MediaTek Inc., Infineon Technologies AG, Huawei Technologies Co., Ltd., Xiaomi Corporation, Dell Technologies

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Wireless Charging Market Report 2025, Outlook And Scope By 2034

Which Regions Are Driving the Highest Demand in the Wireless Charging Market?
North America was the largest region in the wireless charging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless charging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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