Market Drivers

Growing Adoption of Electric Vehicles (EVs)

Due to the ever rising number of electric vehicles (EVs), people are altering their views on charging and travelling. The drivers simply can have enough of fiddling with messy cables or seeking a free plug, and this is particularly frustrating to busy people. Wireless charging is the solution which claims to make life easier by allowing a person to charge his car simply by parking on a charging plate. Imagine this: when you are parking your car in your garage or driveway or a parking lot back downtown, your car begins to charge without the use of wires. The other major factor that has resulted in the expansion of the wireless charging market is the consumer electronics demand. With an increased number of smartphones getting into people hands, wireless charging of wearable’s and smartphones is gaining prominence. It is not a flashy add-on aimed only at showing off to buyers, but instead, it is an extension of a bigger plan to get any EV more convenient, easier to access, and more attractive to the masses, as opposed to a tech-savvy crowd. In response to the growing number of persons making the switch to more eco-friendly transportation, this touch less charging experience, endeavors to make the process of shifting to an electric vehicle seem natural and organic.

Market Restraints

Slower Charging Speed Compared to Wired Alternatives

It can be a problem to those customers who need to charge their gadgets in the shortest time simply because wireless charging almost always takes a longer period of time compared to conventional charging. Wired charging has advantages because it transports power directly to your device without losing much energy. Hence, a contemporary fast charger can recharge a phone battery to the full power, 0 to 100 percent, within 15 to 30 minutes, depending on the charger and the device. On the other hand, most wireless chargers use less efficient energy-transfer methods such as electromagnetic induction. Traditional wireless chargers use 5 to 15 watts and it takes more than an hour to charge 50 percent of the battery and 3 to 4 hours to fully charge the battery. Wireless charging is not widely supported as of yet, but some flagship phones can handle up to 50W or even a blistering 100W of landing charging power with the same speeds as their wired counterparts. This is due to the ability to utilize high-end wireless charging options, though even then, the device still tends to limit the rate of charging.

By Component

In 2024, Inductive Technology component has market share of 35.00% of market sales with market value of USD 2,116.08 Million..

As inductive wireless charging is dependable, adaptable, and has a solid safety record, the market is expanding quickly. To start charging, users just need to set the watch, phone, or even an electric automobile over a charging station. It does this by using magnetic fields to transmit electricity between the device and the charger's coils. Inductive charging is becoming more popular in the consumer electronics and automotive sectors as more gadgets come with wireless charging built in and consumers grow accustomed to the convenience of simply dropping an object onto a pad rather than plugging it in. 

By Application

In 2024, Automotive application has market share of 31.22% of market sales with market value of USD 1,887.75 Million.

Automotive was the segment with the highest generation of revenues in 2024 due to the rising demand of electric chargers occasioned by the rising use of electric vehicles. The price per wireless EV charger is high making the cost to be a unit increasing the market share of the automotive industry. As well, the consumer electronics segment earned the second-highest revenue and was observed to keep portraying the same trends because the market was on the rise in terms of purchasing wireless chargers.

By Geography

Asia Pacific dominates the Wireless Charging market with estimated market value of USD 2,116.08 Million in 2024, and is expected to reach USD 3,510.52 Million in 2032.

It is turning out to be a powerhouse in the global industry in the Asia Pacific region. What has facilitated the increase of the market in the region is the adequate existence of advanced electric car manufacturing plants and advanced research and development plants in the developing countries such as China, South Korea, Japan, Singapore and Taiwan. The data provided by the Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA) in the country showed the addition of 4.222 million EV charging stations in the year 2024, which was a 25 percent increment compared to 2023. This represents that there is an average of 2.7 EVs in relation to a charging station. In the automobile industry Wireless charging solution is also gaining traction in Asia-Pacific electric car (EV). The fact that the healthcare industry has become a user of wireless charging of medical equipment is another factor that has led to market expansion.

List Of Top Players

• Samsung Electronics
• Sony
• Dell
• NXP Semiconductors
• Qualcomm
• Belkin International, Inc.
• ConvenientPower HK Ltd.
• Plugless Power LLC
• Powercast Corporation
• Renesas Electronics Corporation
• Texas Instruments, Inc.
• WiTricity Corporation
• Others

Key Industry Developments

• In July 2024, Florida embarked on an innovative initiative whereby e-cars (EVs) can be charged on the State Road 516. It is the method developed by ENRX to automatically charge cars using electromagnetic waves to detect cars to over 90 percent efficiency rates. The work of this project is expected to be finished in 2027.
• WiTricity ran the first-of-its-kind pilot program at the Port of Long Beach, in May 2024. It is projected that the six-month project would evaluate the efficiency and effectiveness of the patented wireless charging technology that WiTricity has to offer in the real world.
• In November 2023, Electron partnered with BDX Forestage AB, a Swedish last-mile freight distribution company that is recognized as one of the leading Swedish last-mile freight distribution enterprises. The aim of the project was to put the commercial vans on charge with the Electreon wireless technology.

Table Of Contents

1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
   1. MARKET INTRODUCTION
   2. MARKET DRIVERS
   3. MARKET RESTRAINTS
   4. FUTURE OPPORTUNITIES
   5. MARKET TRENDS
   6. PORTER’S FIVE FORCES ANALYSIS
      1. Threat of New Entrants
      2. Threat of Substitutes
      3. Bargaining Power of Suppliers
      4. Bargaining Power of Buyers
      5. Intensity of Competitive Rivalry
   7. VALUE CHAIN & PROFIT MARGIN ANALYSIS
   8. PRICING ANALYSIS
   9. REGULATORY FRAMEWORK
   10. COVID-19 IMPACT ANALYSIS
   11. PRODUCT LIFE CYCLE ANALYSIS
   12. PESTLE ANALYSIS
   13. MICRO ECONOMIC ANALYSIS
   14. Market Premium Insights (Enterprise license)
       • Consumer Analysis (List of Potential Consumers)
       • Top 10 Country-Wise Import & Export Data (If Applicable)
       • Regulatory Bodies & Authorization Across the Globe
       • Key Conferences & Events: Next Two Years
       • Top Patents for The Market
5. GLOBAL WIRELESS CHARGING MARKET REVENUE & SHARE ANALYSIS (2023-2032)
   1. By Component
      1. Transmitters
      2. Receivers
   2. By Technology 
      1. Inductive
      2. Resonant
      3. Radio Frequency
      4. Others
   3. By Application 
      1. Automotive
      2. Consumer Electronics
      3. Healthcare 
      4. Others
6. GLOBAL WIRELESS CHARGING MARKET REVENUE & SHARE ANALYSIS (2023-2032), BY REGION
   1. NORTH AMERICA 
      1. U.S.
      2. Canada
      3. Mexico
   2. EUROPE
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
   3. ASIA PACIFIC 
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of APAC
   4. MIDDLE EAST & AFRICA
      1. GCC
      2. South Africa
      3. Rest of MEA
   5. LATIN AMERICA
      1. Brazil
      2. Argentina
      3. Rest of LATAM

For all the segments and sub-segments, Qualitative as well as Quantitative data will be provided. In Quantitative we provide the historic (2023), base (2024), estimated (2025) and forecasted (2025-2032) market value in USD Million, Share in XX with a CAGR (2025-2032). This data would be provided on a regional as well as country level.

1. COMPETITIVE LANDSCAPE
   1. OVERVIEW
   2. KEY PLAYERS MARKET SHARE ANALYSIS
   3. LIST OF KEY STRATEGIC DEVELOPMENTS 
2. COMPANY PROFILES
   1. Samsung Electronics
      1. Company Overview
      2. Company Financial Insights (Total Revenue, Revenue By Business Segments, and By Region)
      3. Product Benchmarking
      4. Key Strategic Developments (Merges & Acquisitions, Partnership /Agreements/Joint Venture, Expansion, New Product Launches, and other developments)
      5. Business Strategic Overview
      6. SWOT Analysis
   2. Sony
   3. Dell
   4. NXP Semiconductors
   5. Qualcomm
   6. Belkin International, Inc.
   7. ConvenientPower HK Ltd.
   8. Plugless Power LLC
   9. Powercast Corporation
   10. Renesas Electronics Corporation
   11. Texas Instruments, Inc.
   12. WiTricity Corporation
   13. Others
3. LIST OF SOURCES
4. DISCLAIMER