Wireless Charging Market Trends, Strategy, Application Analysis, Demand Status and Global Share

Wireless Charging Market size was valued at USD 23.18 Bn in 2022 and is expected to reach USD 116.87 Bn by 2029, at a CAGR of 26 %.

Wireless Charging Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Wireless Charging industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Wireless Charging Market Dynamics

Market Dynamics

Integration of Electric Vehicles (EVs): Wireless charging simplifies EV recharging, eliminating the need for active connections. In urban environments, embedded charging pads in roads or parking spaces facilitate EV charging, bolstering market growth. As autonomous EVs become prevalent, wireless charging is seamlessly integrated to support self-driving EVs, while dynamic wireless charging enhances the driving range of EVs significantly.

Proliferation of the Internet of Things (IoT): The rapid expansion of IoT devices across industries drives market growth. IoT devices, offering economic and operational advantages, demand enhanced network infrastructure, regulatory frameworks, and industry standards, fostering market expansion.

Advanced Materials Revolution: Gallium Nitride (GaN) and Silicon Carbide (SiC) materials are transforming wireless charging efficiency. These materials improve energy transfer, accelerate charging, and reduce charging times, addressing critical needs in consumer electronics and EV applications.

Market Restraints

Lack of Standardization: Fragmented standards and technologies hinder interoperability between wireless chargers and devices, eroding consumer confidence and limiting the functionality of wireless charging solutions.

Wireless Charging Market Segmentation

Wireless Charging Market , by Technology

Inductive Technology
Radiation Technology
Others

The market is divided into three categories based on technology: Others, Radiation Technology, and Inductive Technology. Over the course of the forecast period, inductive technology is anticipated to dominate the wireless charging market. One of the early wireless charging technologies to become popular in the consumer market is inductive charging, which is a well-known wireless charging technology. Because of its early uptake and increased customer awareness, wireless charging technology has become the de facto norm. Many device manufacturers adopted the Qi standard, which was designed by the Wireless Power Consortium, as a common platform for wireless charging devices. Customers have been anticipating a certain level of device-to-device and Qi standard interoperability.

Wireless Charging Market , by Transmission Range

Short Range
Medium Range
Long Range

Wireless Charging Market , by Application

Healthcare
Automotive
Consumer Electronics
Aerospace & Defense
Others

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Wireless Charging Market Key Players

1. Energizer Holdings (US)
2. Convenientpower (China)
3. Integrated Device Technology (US)
4. Murata Manufacturing (Japan)
5. Leggett & Platt (US)
6. Powerbyproxi Ltd. (New Zealand)
7. Qualcomm Incorporated (US)
8. Powermat Technologies (Israel)
9. Texas Instruments (US)
10. Witricity Corporation (US)
11. Samsung Electronics (South Korea)
12. Sony Corporation (Japan)
13. Fulton Innovation LLC (US)
14. TDK Corporation (Japan)
15. Energous Corporation (US)
16. Ossia Inc. (US)
17. ZenS B.V (Netherlands)

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Table of content for the Wireless Charging Market includes:

Part 01: Executive Summary

Part 02: Scope of the Wireless Charging Market Report

Part 03: Global Wireless Charging Market Landscape

Part 04: Global Wireless Charging Market Sizing

Part 05: Global Wireless Charging Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia Pacific Dominance: This region, encompassing robust consumer electronics markets, hosts leading manufacturers driving wireless charging innovation. Government support and a vibrant innovation ecosystem foster remarkable growth potential in wireless charging technology.

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