Global Wireless Charging Market, by Technology (Resonant, Inductive, Radio Frequency), Component (Transmitters, Receivers), Application (Consumer Electronics, Healthcare, Automotive, Others), Region – Growth, COVID-19 Impact, Trends, and Forecasting till 2028

Global Wireless Charging market size was estimated at 38.90 USD billion by 2028 and is anticipated to grow at a CAGR of 29.2% during the projected time frame (2021-2028).

Market Overview

Global Wireless Charging market size was estimated at 38.90 USD billion by 2028 and is anticipated to grow at a CAGR of 29.2% during the projected time frame (2021-2028). Wireless charging involves energy transfer from a power source to a consuming device without using wires or cables. Wireless charging devices use a charging station (transmitter) that transmits the energy and a receiver (integrated inside a device) to receives energy and charge battery. Changing consumer lifestyles, increasing adoption of wireless charging devices in consumer electronics such as smartphones, laptops, tablets, etc., and the capacity to charge multiple devices in single-use are the major factors driving the wireless charging market.

Increasing demand for wirelessly charged electric devices and increasing adoption of electric vehicles are expected to contribute to market growth. Increasing adoption of smartphones, smart wearables, and IoT (internet of things) is projected to significantly contribute to wireless charging market during the forecast period. However, the need for expensive technology for integration and slow charging as compared to alternatives are the factors that can hinder the growth of the market.

Wireless charging is only compatible with the Qi-enabled wireless charging standard and devices without the Qi-compatible wireless charging standard are not compatible with the wireless charging pad. Thus, external wireless charging solutions are required demanding users to invest in different wireless chargers to suit different products. This is expected to restrain the market growth during the forecast period.

The COVID-19 pandemic is expected to have a negative impact on market growth. The adoption of wireless charging was significant in the consumer electronics, and automotive industries prior to the emergence of pandemic. Governments initiatives were promoting companies in the wireless charging ecosystem financially and through favorable policies. But during the pandemic, government focused entirely on health services to curb the spread of virus. This is expected to impact the market growth. However, manufacturers are collaborating with technology providers to enhance the product efficiency, which can have a positive impact on market during the post-COVID period.

TABLE 1: GLOBAL MARKET SCOPE

Parameters Covered
Report Title Global Wireless Charging Market Report
Market Size and Forecasting 2018-2028
Base Year 2020
Estimated Year 2021
Forecast Period 2021-2028
Market Sizing Units Value in USD Billion
Market Segmentation Covered Technology, Component, Application, and Region
Regions North America, Europe, Asia Pacific, Middle East and Africa, and South America
Major Key Players Energizer Holdings, WiTricity Corporation, Leggett & Platt, Powermat, Powercast Corp., Samsung Group, Elix Wireless, Ossia Inc, Evatran Group, Energous Corporation.
Number of Pages of Report 167
Customization Available Yes, Customization Is Available As Per The Requirements

Market Segmentation of Wireless Charging Market

Technology of Wireless Charging Market

By technology, the market is classified into resonant, inductive, and radio frequency. The inductive segment is expected to dominate the market during the forecast period. Benefits such as durability, safe in transferring power to devices, protected connections, less strain on charging port, and no requirement of cables for cables are expected to drive the segment growth. Electric vehicles use inductive technology. Thus, increasing adoption of electric vehicles is expected to contribute to segment growth.

Component of Wireless Charging Market

By component, the market is classified into transmitters and receivers. The transmitters segment is expected to hold the largest market share during the forecast period. Transmitters are used as standalone wireless charging devices and receivers are present in the electronic devices. Manufactures are making hefty investments to innovate their wireless charging products. For instance, Renesas provides wireless power transmitter ICs for various wireless power applications such as portable charging electronic systems, charging mats and pads, personal computer docks, office furniture, and public facilities. Thus, increasing investments from manufacturers is expected to drive the segment growth during the forecast period.

Application of Wireless Charging Market

By application, the market is classified into consumer electronics, healthcare, automotive, others. The consumer electronics segment is expected to dominate the market during the forecast period. The segment growth can be attributed to increasing adoption of wireless chargers for consumer electronic products such as smartphones, laptops, smart wearables, etc. Increasing internet use, growing urbanization, changing consumer lifestyles are expected to contribute to segment growth during the forecast period.

Regional Analysis of Wireless Charging Market

By region, the market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America is expected to dominate the market during the forecast period. The regional market growth can be attributed to increasing investments in wireless charging with advancements in consumer electronics, healthcare, and automotive sectors. Presence of key market players such as WiTricty, Plugless, Energizer, Qualcom, and Power is also expected to contribute to North American wireless charging market during the forecast period.

Asia Pacific is expected to be the fastest-growing region during the forecast period. The regional growth can be due to presence of developing countries in the region such as China and India. Asia Pacific is the largest manufacture of raw materials required for automotive, consumer electronics and healthcare applications. China is the biggest manufacturing country in the world. All these factors are expected to contribute to Asia Pacific wireless charging market during the forecast period.

Key Companies listed

The major companies listed in the Wireless Charging market include Energizer Holdings, WiTricity Corporation, Leggett & Platt, Powermat, Powercast Corp., Samsung Group, Elix Wireless, Ossia Inc, Evatran Group, and Energous Corporation.

These companies are spread over North America, Europe, South America, and Asia Pacific markets, which empowers it to take into account clients over the globe. The company’s leading position in the Wireless Charging Market is endorsed by its wide product portfolio.

Key Development

  • In August 2021 – Realme, a smartphone brand launched MarDart, a magnetic wireless charging solution, which includes 50W magnetic wireless charger for android smartphone and other magnetic accessories
  • In November 2020, Ossia Inc., launched Next-Generation Cota 2.4 GHz Platform approved by the federal communications commission (FCC), for installations in industrial, commercial, and residential environments powering receivers at distances of up to one meter
  • In September 2020, Integrated Device Technology (IDT), a subsidiary of Reneasas Electronics Corporation announced the World’s first 30W wireless charging chipset, that allow smartphones to charge wirelessly power of 30 W.

Market Segmentation

By Technology

  • Resonant
  • Inductive
  • Radio Frequency

By Component

  • Transmitters
  • Receivers

By Application

  • Consumer Electronics
  • Healthcare
  • Automotive
  • Others

By Region

  • North America Wireless Charging Market
  • Europe Wireless Charging Market
  • Asia Pacific Wireless Charging Market
  • Middle East & Africa Wireless Charging Market
  • South America Wireless Charging Market

Report Highlights:

  • Competitive Analysis
    • Competition Dashboard
    • Company Profiles
      • Energizer Holdings
      • WiTricity Corporation
      • Leggett & Platt
      • Powermat
      • Powercast Corp.
      • Samsung Group
      • Elix Wireless
      • Ossia Inc
      • Evatran Group
      • Energous Corporation

Table of Contents

  • Executive Summary
  • Market Introduction
  • Global Wireless Charging Market – Analysis and Revenue Forecast 2021-2028 – Key Industry Dynamics
    • Key Market Drivers
    • Key Market Restraints
    • Market Opportunities
    • Future Trends
    • Impact Analysis of Drivers and Restraints
    • COVID-19 Impact Analysis
    • Major Developments in the Market
  • Global Wireless Charging Market – Analysis and Revenue Forecast 2021-2028
  • Global Wireless Charging Market – Analysis and Revenue Forecast 2021-2028 – By Technology
    • Resonant
    • Inductive
    • Radio Frequency
  • Global Wireless Charging Market – Analysis and Revenue Forecast 2021-2028 – By Component
    • Transmitters
    • Receivers
  • Global Wireless Charging Market – Analysis and Revenue Forecast 2021-2028 – By Application
    • Consumer Electronics
    • Healthcare
    • Automotive
    • Others
  • Global Wireless Charging Market – Analysis and Revenue Forecast 2021-2028 – By Region
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America

  • Energizer Holdings
  • WiTricity Corporation
  • Leggett & Platt
  • Powermat
  • Powercast Corp.
  • Samsung Group
  • Elix Wireless
  • Ossia Inc
  • Evatran Group
  • Energous Corporation

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Report Highlights:

Complete overview of market
Major drivers, restrain, opportunities, and challenges of the market
Market Trends and how they are boosting the market growth
Changing dynamics in the Market
Complete overview of the market
Historical, Base year, projected, and current market size in terms of value and volume
COVID-19 Impact analysis of the market
Current industry trends and developments

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