Wireless Charging Market Trends

Wireless Charging Market size was valued at USD 6.44 Billion in 2023 and is poised to grow from USD 7.97 Billion in 2024 to USD 29.46 Billion by 2032, growing at a CAGR of 23.80% during the forecast period (2025-2032).

Key vendors in  Wireless Charging Market are:  'Qualcomm Incorporated (US)  ', 'Samsung Electronics Co., Ltd. (South Korea)  ', 'Apple Inc. (US)  ', 'Texas Instruments Incorporated (US)  ', 'Broadcom Inc. (US)  ', 'Toshiba Corporation (Japan)  ', 'Energizer Holdings, Inc. (US)  ', 'Sony Corporation (Japan)  ', 'Panasonic Corporation (Japan)  ', 'Powermat Technologies Ltd. (Israel)  ', 'NXP Semiconductors N.V. (Netherlands)  ', 'Murata Manufacturing Co., Ltd. (Japan)  ', 'WiTricity Corporation (US)  ', 'ConvenientPower HK Limited (Hong Kong)  ', 'ZTE Corporation (China)  ', 'Powercast Corporation (US)  ', 'PowerSphyr Inc. (US)  ', 'Ossia Inc. (US)  ', 'Energous Corporation (US)  ', 'Plugless Power LLC (US)  ', 'Semtech Corporation (US)  ', 'Renesas Electronics Corporation (Japan)  ' 

Wireless charging offers convenience of simply placing the device on the dedicated charging pad and eliminates the hassle of cables for consumers. This easy usage is one of the major drivers for the adoption of wireless charging technology. Furthermore, as consumers increasingly prefer devices and products that minimize clutter, the demand for wireless charging is growing. 

Integration with Smart Grids: The incorporation of wireless charging with intelligent grids is demonstrating a dynamic charging service. By using real-time data on grid availability and energy demand, electric mopeds or two-wheelers can better use renewable and clean energy sources, contributing to environment-friendly urban mobility. 

Region-wise, North America held the majority share of the market in the past years and is expected to continue dominance over the forecast period as well owing to advancements in technologies and a strong consumer electronics market. Well-developed nations like Canada and the United States are hubs for innovation and technology. Companies in these regions are leading with the adoption of modernizing and developing new technologies like wireless charging technology. The market in the region is also propelled by higher demand for consumer electronics including electric vehicles, which benefits from the said technology. The key market players operating in North America include Qualcomm Inc., Energous Corporation, Fulton Innovation LLC, WiTricity Corporation, Texas Instruments Incorporated, and more.