According to a Research Report Published by Spherical Insights & Consulting, The Global Wireless Charging Market Size is Expected to Grow from USD 20.17 Billion in 2023 to USD 72.43 Billion by 2033, at a CAGR of 13.6% during the Forecast Period 2023-2033.

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Wireless charging is an advanced way of charging batteries, also known as inductive charging. A variety of devices such as smartphones, computer laptops, electric vehicles, and large robots are charged by this method. Inductive, resonance, and radio charging are all forms of wireless charging. There is a growing need for wireless charging solutions owing to their simplicity and ease of use. Wireless charging pads have been incorporated into automobiles by a number of manufacturers, enabling consumers to charge their devices while they are on the go. These advancements have made wireless charging more accessible and reasonably priced, which has led to the expansion of the global wireless charging industry. The growing trend of wireless charging features in furniture, infrastructure, smart homes, and IoT devices as well as in the automotive industry is driving the market. The market is anticipated to expand as digital connectivity and remote work become more commonplace due to the increased use of devices that need steady power sources. On the contrary, the high cost of wireless charging technology owing to the high cost of internal parts in wireless chargers is hampering the market growth.

Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the  Global Wireless Charging Market Size, Share, and COVID-19 Impact Analysis, By Technology (Inductive Charging, Resonant Charging, Radio Frequency Charging, and Others), By Component (Transmitters, Receivers, and Others), By Industry Verticals (Consumer Electronics, Automotive, Aerospace & Defense, Industrial, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.           

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The inductive charging segment is expected to dominate the market with the largest share during the forecast period.

Based on the technology, the global wireless charging market is classified into inductive charging, resonant charging, radio frequency charging, and others. Among these, the inductive charging segment is expected to dominate the market with the largest share during the forecast period. Numerous smartphones, smartwatches, and other devices have inductive charging receivers that are compatible with Qi. Thus, the development of a strong ecosystem of charging pads and devices is driving the market.

The receivers segment is anticipated to grow at the fastest CAGR through the forecast period.

Based on the components, the wireless charging market is classified into transmitters, receivers, and others. Among these, the receivers segment is anticipated to grow at the fastest CAGR through the forecast period. The growing integration of wireless charging receiver components with devices such as smartphones, smartwatches, and wireless earbuds is expected to drive the market demand in the receivers segment.

The automotive segment is expected to grow at a rapid pace in the wireless charging market during the forecast period.

Based on the industry verticals, the wireless charging market is classified into consumer electronics, automotive, aerospace & defense, industrial, healthcare, and others. Among these, the automotive segment is expected to grow at a rapid pace in the wireless charging market during the forecast period. There is an increasing need for electric battery chargers owing to the growing number of electric cars. Further, the high cost per unit of wireless electric car chargers is contributing to driving the market growth.

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Asia Pacific is projected to hold the largest share of the global wireless charging market over the forecast period.

Asia Pacific is projected to hold the largest share of the global wireless charging market over the forecast period. The growing advanced electric vehicle manufacturing facilities as well as R&D facilities are driving the market growth. Further, the rising application of electric vehicles owing to the support of government programs and rising environmental concerns are propelling the market.

North America is predicted to grow at the fastest CAGR in the wireless charging market over the forecast period. The continuous technological advancements especially in consumer electronics and automotive sectors are driving the market growth. In addition, the increasing use of electronic devices such as laptops, smartphones, tablets, and other comparable devices is driving the market in the region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Global Wireless Charging Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the wireless charging market include Samsung Electronics Co., Ltd., Qualcomm Incorporated, Texas Instruments Incorporated, Apple Inc., Toshiba Corporation, Broadcom Inc., Sony Corporation, Energizer Holdings, Inc., Powermat Technologies Ltd., Panasonic Corporation, NXP Semiconductors N.V., Integrated Device Technology, Inc., WiTricity Corporation, Murata Manufacturing Co., Ltd., PowerSphyr Inc., ConvenientPower HK Limited, PowerbyProxi Ltd., Powercast Corporation, ZTE Corporation, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2024, GM launches the Tesla Supercharger adapter, wireless EV charging advances with the new standard, and Volkswagen & Audi dealers sue over warranty policy.
• In July 2024, Finnish mobile phone brand HMD (Human Mobile Devices) debuted Qi2 wireless charging in the Android smartphone space with the launch of Skyline.
• In July 2023, Wireless EV charging pioneer WiTricity announced a new FastTrack Integration Program for automotive OEMs, which allows for an initial vehicle integration in just three months, accelerating automaker testing of WiTricity’s Halo receiver and 11 kW charger on existing and future EV platforms.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global wireless charging market based on the below-mentioned segments:

Global Wireless Charging Market, By Technology

• Inductive Charging
• Resonant Charging
• Radio Frequency Charging
• Others

Global Wireless Charging Market, By Component

• Transmitters
• Receivers
• Others

Global Wireless Charging Market, By Industry Verticals

• Consumer Electronics
• Automotive
• Aerospace & Defense
• Industrial
• Healthcare
• Others

Global Wireless Charging Market, Regional Analysis

• North America

• • US
  • Canada
  • Mexico

• Europe

• • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

• Asia Pacific

• • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

• South America

• • Brazil
  • Argentina
  • Rest of South America

• Middle East & Africa

• • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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