Wireless Charging Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Wireless Charging Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Wireless Charging Market size will exhibit over 33.2% CAGR between 2024 and 2032, driven by continuous improvements in energy efficiency to reduce power losses. As wearable technology continues to grow, wireless charging solutions are largely favored to cater specifically to several devices to provide convenient and efficient charging options. The surging usage of new and innovative use cases for wireless charging in drones, robots, and industrial equipment for expanding application scope will further drive market growth. For example, in May 2024, Rheinmetall inked a deal with Canadian firm Quaze Technologies to incorporate wireless charging solutions into its Drone Swarm Tactical OverWatch (DSTOW) capability.

The wireless charging industry is segmented into technology, application, and region.

By technology, the industry value from the resonant segment will witness lucrative growth through 2032, due to easy integration into various surfaces and environments, such as furniture, vehicle interiors, and public spaces. Resonant-based wireless charging helps transfer power over a greater distance compared to inductive charging, allowing for more flexibility in device placement and charging scenarios. The ability to charge multiple devices simultaneously with a single transmitter with improved convenience and efficiency for users with several gadgets will further boost the segment growth.

With respect to application, the wireless charging market size from the healthcare segment will record expansion through 2032. This can be attributed to growing usage in pacemakers, neurostimulators, and insulin pumps to eliminate the need for surgical procedures to replace batteries. Wireless charging is also applied to portable devices, such as ultrasound machines, defibrillators, and patient monitoring systems for enhancing mobility as well as the ease of use in hospitals and emergency situations.

Europe wireless charging industry revenue will grow from 2024 to 2032 owing to the rising usage of smartphones along with a wide range of devices, such as electric vehicles (EVs), medical devices, and IoT devices. With sustainability becoming important, wireless charging has evolved as a more energy-efficient option compared to traditional wired methods. The surging presence of wireless charging in cafes, and airports will also influence the regional market growth.