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Home » Semiconductor and Electronics » Wireless Charging Market Report Analysis : 2030

Wireless Charging Market: By Technology (Resonant, Inductive, Radio Frequency, Others), By Industry Vertical (Automotive, Consumer Electronics, Industrial, Aerospace & Defense, Healthcare, By Geography, Size, Share, Global Trend Analysis, Industry Forecast, Report, 2021-2030

Published On: Mar-2022   |   Base Year: 2021   |   No Of Pages: 135   |   Historical Data: 2015 - 2019   |   Formats: PDF   |   Report ID: 18670677

Report DescriptionTable of Contents

The global wireless charging market size was $5.48 Billion in 2021 and is predicted to reach $34.65 Billion by 2030, representing a CAGR of 22.73% throughout the estimated Forecast period 2021-2030.

 

Market Drivers: (Rising prevalence of wireless technologies and a continuous increase in sales of EVs, iPhone charging pads, etc.)

  • The continuous rising adoption of wireless technology in consumer electronics is one of the main factors that is propelling the overall market growth throughout the estimated period of 2020-2030. The number of active digital technology users population across the globe was 4.66 billion in January 2021, which accounted for almost 59.5 % of the global population. Out of these, 92.6% (i.e. 4.32 billion) users accessed the internet wirelessly (via mobile devices). 

 

  • The adaption of wireless technology has resulted in an exponential increase in the sales of electric vehicles and the capability to charge multiple devices, which in turn is accelerating the overall market growth. There were around 6.8 Mn battery electric vehicles used globally in 2020. In that year, more than 3Mn new battery electric vehicles were added across the globe. According to GREEN CARS, the total number of electric vehicle sales across the globe rose to an astounding 98 % over 2020. Based on the current estimations, around 4Mn all-electric vehicles and around 2.4-Mn plug-in hybrids were sold in 2021.

 

  • Further, the development of some wireless technological products by the worldwide companies such as Samsung wireless charger, apple wireless charger, iPhone wireless charger, Belkin wireless charger, MagSafe duo charger, Anker wireless charger, iPhone charging pad, IKEA wireless charger, nomad base station, wireless charging station, turn on wireless charging, and wireless charging coil is estimated to fuel the market growth significantly.

 

  • Also, the continuous expansion of the wireless EV charging market, wireless charging ics market, NFC wireless charging market, drone wireless charging market, and wireless car charging market are augmenting the market growth comprehensively.

Global Wireless Charging Market Based on Technology

Restraints: -(Severe issues regarding compatibility leading to an enormous investment for the user)

  • Wireless charging is beneficial for only those devices compatible with the Qi-enabled wireless charging standards. The devices that lack the Qi-compatible wireless charging standard are not at all compatible with the charging pad. Thus, the user is compelled to invest a large sum of money for the wireless chargers to suit the different products.

 

Opportunities: - (Rise of funds by the worldwide governments on Wireless Charging Technologies)

  • Over the last couple of years, governments all across the globe have immensely increased their funds towards the development of wireless technologies. Wireless charging offers huge benefits in terms of cost, security, and efficiency, which leads to rising customer confidence in such chargers, which is expected to create ample opportunities for the industry in the future.

 

Global Wireless Charging Market 360-degree Analysis Of Different Segmentations:

The Global Wireless Charger Market segmentation is performed based on Technology, Industry Verticals, and Regions.

 

By Technology

  • Resonant

  • Inductive

  • Radio Frequency

  • Others

 

By Industry Vertical

  • Automotive

  • Consumer Electronics

  • Industrial

  • Aerospace & Defense

  • Healthcare

Global Wireless Charging Market Based on Region

 

By Region

 

North America

  • U.S.

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands 

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • China

  • India

  • Indonesia

  • South Korea

  • Thailand

  • Japan

  • Singapore

  • Malaysia

  • Philippines

  • Australia

  • New Zealand

  • Rest of APAC

 

LAMEA

  • Brazil

  • Saudi Arabia

  • Uruguay

  • Argentina

 

Based on Technology, the ‘Inductive’, segment held the largest market share of nearly 60.36% in 2020, with a steady CAGR from 2020 to 2030. The rise in usage of wireless charging of consumer electronic devices and electric vehicles, and an improvement in Magnetic resonance efficiency worldwide are the main factors that are significantly driving the overall growth of this segment.

 

Based on Industry Vertical, the ‘Consumer Electronics’ segment held the highest share of the wireless charging market in 2020, with a decent CAGR. Consumer electronic products like smartphones, tablets, laptops, MP3s, gaming consoles, wearables, and PDA (Personal Digital Assistance) are in huge demand, especially in the Asia Pacific (APAC) region because of the continuously changing consumer lifestyle preferences, the growing number of internet users, and expansion of urban population each year. 

 

Based on Region, North America dominated the industry comprehensively in 2020 with a robust CAGR of 14.23% during the estimated period. The existence of a large number of market players (Qualcomm, Plugless Power, Energizer, WiTricty, etc) and the continuously increasing advancements in the consumer electronic products, automotive sector, and medical devices has encouraged several manufacturers for investing heavily in wireless charging. All these factors are augmenting the overall market growth significantly in this region.

Global Wireless Charging Market Based on Application

Global Wireless Charging Market Competitive Landscape Analysis

A top to bottom competitive landscape analysis elucidates various pivotal information about the key competitors that are prevailing in the global market environment. The comparison is based on investment in R&D, total revenue generation, a variety of market initiatives, market potential, company financials, company overview, company strengths and weaknesses, production sites and facilities, global presence, production capacities, etc.

 

Some of the crucial market players that are incorporated in the industry report are:

 

Report Attribute

Details

Forecast Period

2021 - 2030

Market size value in 2021

USD 5.48 Billion

Revenue forecast in 2030

USD 34.65 Billion

Growth rate

CAGR of approximately 22.73%

Base year for estimation

2021

Historical data

2015 – 2019

Unit

USD Billion, CAGR (2021 - 2030)

Segmentation

By Technology, By Industry Vertical, By Region.

By Technology

Resonant, Inductive, Radio Frequency, Others

By Industry Vertical

Automotive, Consumer Electronics, Industrial, Aerospace & Defense, Healthcare

By Region

North America, Europe, Asia Pacific, LAMEA.

Country Scope

United States of America, United Kingdom, Italy, Germany, France, Spain, Canada, China, India, Japan, Brazil, Argentina, Mexico, South Africa, Saudi Arabia, etc.

Company Usability Profiles

Qualcomm Incorporated, Samsung Electronics Co. Ltd., Texas Instruments, Powermat Technologies Ltd., WiTricity Corporation, Integrated Device Technology Inc., Energizer Holdings Inc., Sony Corporation, Fulton Innovation LLC, Energizer Holdings, Inc., Evatran Group, Murata Manufacturing Co. Ltd., Leggett & Platt, Momentum Wireless Power, Ossia Inc., Powercast Corp, Elix Wireless

 

Recent Developments

  • On June 9th, 2021, Sony announced the launching of new WF-1000XM4 Truly Wireless Headphones for supporting High-Resolution Audio thereby providing a better listening experience. It also provides an impressive 8 hr battery life with an activated Noise Cancellation facility.

 

  • On November 17th, 2020, Ossia Inc announced its launching of the next-generation Cota 2.4 GHz platform, which was approved by the Federal Communications Commission for installation in the commercial, industrial, and residential sectors. This enhanced and highly-efficient wireless power platform provides a lot of advantages such as enhanced manufacturability, higher transmitter efficiency, cost-effective design, reduced weight, lower power consumption, and thinner form factor.

 

  • On September 30th, 2020, the Integrated Device Technology (IDT), announced the launching of the P9415-R wireless power receiver incorporated with the latest WattShare technology. This highly efficient wireless power receiver allows wireless charging of smartphones, power banks, and portable industrial and medical equipment.

 

Frequently Asked Question About This Report

b: Based on Region, North America dominated the market comprehensively in 2020 with a robust CAGR of 14.23% during the estimated period.

b: The global wireless charging market is expected to grow at a compound annual growth rate (CAGR) of 22.73% from 2021 to 2030 to reach USD 34.65 Billion by 2030.

b: The global wireless charging market size was $5.48 Bn in 2021 and is predicted to reach $34.65 Bn by 2030, representing a CAGR of 22.73%.

b: Some of the crucial players of the market are Qualcomm Incorporated, Samsung Electronics Co. Ltd, Texas Instruments, Powermat Technologies Ltd, WiTricity Corporation, Integrated Device Technology Inc, Energizer Holdings Inc, Sony Corporation, Fulton Innovation LLC, Energizer Holdings, Inc, Evatran Group, Murata Manufacturing Co. Ltd, Leggett & Platt, Momentum Wireless Power, Ossia Inc, Zens, Powercast Corp, and Elix Wireless.

b: Based on Technology, the Inductive segment held the largest market share of nearly 60.36% in 2020, with a steady CAGR throughout 2020-2030.

b: The most significant factors that are propelling the overall growth of the global market are the rising prevalence of wireless technologies and a continuous increase in sales of EVs, iPhone charging pads, etc.

.