Global Market for Wireless Charging is Anticipated to grow at a Significant Pace i.e., USD 13.8 Billion during the Forecast Period 2021-2027

Published Date: Mar, 2022

The global wireless charging market is predicted to grow at a 25.1% CAGR during 2021-2027. Wireless charging is an efficient, convenient, and safe method to power and charges electrical gadgets.   Additionally, it provides reliable, cost-effective, and safety advantages over traditional charging systems by removing the necessity of physical connectors and wires. It also ensures constant power transfer in several types of devices like handheld industrial gadgets, smartphones, heavy-duty equipment, and others that are charged and ready to use at all times. Furthermore, the Internet of Things (IoT), sometimes known as the third wave of technology, is growing rapidly. Furthermore, for IoT-enabled portable devices such as smartphones, digital cameras and camcorders, laptops and tablets, wearable electronics, and home electronics, wireless charging is a must-have feature. As a result, the growing popularity of the IoT market is likely to generate opportunities for market expansion. Nonetheless, owing to the increasing electric vehicle sales, constantly evolving portable electronics and wearables industry, and the frequent requirement to gather ambient RF energy, the wireless charging market is expected to grow during the forecast period.

In February 2022, WiTricity, one of the industry leaders and pioneers in wireless charging for electric vehicles (EVs), announced that it will begin offering an aftermarket wireless charging upgrade package for owners of select EV models in 2022, with a restricted beta program starting in 2022. WiTricity HaloTM Charging, the solution, provides a complete, end-to-end, and hassle-free charging experience: simply park and charge.

The COVID-19 outbreak has an impact on the wireless charging market owing to partial or complete lockdown in several countries, disruption in the supply chain, difficulty in procuring raw material, and challenges in delivering finished goods.

Browse 43 market data Tables and 30 Figures spread through 200 Pages and in-depth TOC on " Wireless Charging Market by Technology (Inductive, RF, Resonant and Others), by Application (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, and Industrial), and Region - Global Forecast to 2027"

By application, healthcare segment is expected to have significant growth during the forecast period.

Based on application, the global wireless charging market is segmented into aerospace & defense, automotive, consumer electronics, healthcare, and industrial. The healthcare segment is anticipated to have significant growth as governments are emphasizing strengthening the healthcare sector so as to ensure public safety amidst the COVID-19 crisis. The implantable medical devices are used as hip, knee, or heart implants and adopt wireless chargers. This has prompted manufacturers to develop innovative technological devices for wireless charging, resulting in the growth of the market.

Global Wireless Charging Market Segmentation Analysis

Segment

Categorization

Leading Category

Technology

Inductive, RF, Resonant and Others

Inductive

(High Demand)

Application

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

Consumer electronics (Largest)

Healthcare

(Significant Growth)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific

(Fastest)

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“North America contributes the largest share in the wireless charging market.”

North America contributes to the largest share in the wireless charging market owing to the growth in the electronics sector and increases the sale of EVs. Moreover, the increased adoption of wireless charging for industrial applications and rising awareness among consumers will drive the growth further.

Some of the major players in the global Wireless Charging market include Energizer, Ossia Inc., SAMSUNG, WiTricity Corporation, PLUGLESS POWER INC., Powermat, Qualcomm Technologies, Inc., Texas Instruments Incorporated, Energous Corporation, and Renesas Electronics Corporation.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Technology, Application, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Energizer, Ossia Inc., SAMSUNG, WiTricity Corporation, PLUGLESS POWER INC., Powermat, Qualcomm Technologies, Inc., Texas Instruments Incorporated, Energous Corporation, and Renesas Electronics Corporation

Global Wireless Charging Market Coverage

Technology Insight and Forecast 2015-2027

  • Inductive
  • RF
  • Resonant
  • Others

Application Insight and Forecast 2015-2027

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

Geographical Segmentation

Wireless Charging Market by Region

North America

  • By Technology
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Technology
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Technology
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Technology
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries