Wireless Charging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Wireless Charging Market
The wireless charging market size was valued at USD 22.17 billion in 2022, and the market is now projected to grow from USD 25.87 billion in 2023 to USD 129.02 billion by 2030, exhibiting a CAGR of 25.8% during the forecast period of 2023-2030.
The digital and semiconductor zone faced challenges amid COVID-19's impact, but the emerging semiconductor enterprise and evolving client conduct drove market growth. The growing demand for next-gen charging solutions is ready to enhance each stressed and wi-fi charging markets. However, global lockdowns and reduced automobile usage brought about a slight downturn inside the wi-fi electric powered charging station enterprise.
The patron electronics enterprise sees a rising call for excessive-velocity wireless multi-tool chargers capable of simultaneous charging without overheating issues. These Qi-primarily based chargers provide quicker, cord-free comfort and portability, catering to the developing want for efficient charging answers.
The global push for carbon emission reduction drives the adoption of electric motors, with sales hovering with the aid of 109% in 2022 according to Economics Times. As the auto industry embraces IoT, AI, and EVs, there is a growing need for wi-fi charging stations to facilitate secure and rapid battery charging. Qi-based charging stations, capable of simultaneously charging more than one device, are increasingly included into EVs, fueling the call for wi-fi electric powered chargers worldwide.
Comprehensive Analysis of Wireless Charging Market
The wireless charging market growth is rising at an exponential rate due to its market segmentation. This marketplace enlargement successfully affords an in-depth local exam thinking about the dominant deliver and demand forces that effect the enterprise. These segmentations are methodically segregated by application analysis, by technology analysis, by industry vertical analysis. By application analysis include, commercial charging station and home charging station based on application. By technology analysis include, inductive, resonant, radio frequency, and others. By industry vertical analysis include, consumer electronics, automotive, industrial, healthcare, and aerospace & defense.
The Asia Pacific region lead the wireless charging market share by benefitting a market size of USD 11.70 billion in 2022 due to adequate availability of advanced electric vehicle manufacturing units and modern research & development facilities in developing countries.
The pinnacle players inside the market play a critical function in the enterprise assuring market growth and placing marketplace requirements. These players include, Delta Electronics, Inc. (Taiwan), Drone Power Pvt. Ltd. (India), Energizer Holdings, Inc. (U.S.), Energous Corporation (U.S.), Etatronix GmbH (Germany), Sony Corporation (Japan), Infineon Technology (Germany), Integrated Device Technology, Inc. (U.S.), LG Corporation (South Korea), Samsung Electronics (South Korea) these market players provide a level-playing competitive landscape.
In August 2022, Siemens AG and MAHALE Baher partnered to develop and launch wireless inductive charging stations for autonomous and electric vehicles.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 25.8% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Application
Commercial Charging Station
Home Charging Unit
By Technology
Inductive
Resonant
Radio Frequency
Others
By Industry Vertical
Consumer Electronics
Automotive
Industrial
Healthcare
Aerospace & Defense
By Region
North America (By Type, By Frequency, By Deployment Type, By Industry Vertical, and By Country)
- U.S. (By Industry Vertical)
- Canada (By Industry Vertical)
- Mexico (By Industry Vertical)
Europe (By Type, By Frequency, By Deployment Type, By Industry Vertical, and By Country)
- U.K. (By Industry Vertical)
- Germany (By Industry Vertical)
- France (By Industry Vertical)
- Italy (By Industry Vertical)
- Spain (By Industry Vertical)
- Rest of Europe (By Industry Vertical)
Asia Pacific (By Type, By Frequency, By Deployment Type, By Industry Vertical, and By Country)
- China (By Industry Vertical)
- India (By Industry Vertical)
- Japan (By Industry Vertical)
- South Korea (By Industry Vertical)
- Rest of Asia Pacific (By Industry Vertical)
Middle East & Africa (By Type, By Frequency, By Deployment Type, By Industry Vertical, and By Country)
- GCC (By Industry Vertical)
-South Africa (By Industry Vertical)
- Rest of the Middle East and Africa (By Industry Vertical)
South America (By Type, By Frequency, By Deployment Type, By Industry Vertical, and By Country)
- Brazil (By Industry Vertical)
- Argentina (By Industry Vertical)
- Rest of South America (By Industry Vertical)
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