Wireless Charging Market Size, Share, Trends & Forecast | 2034

Wireless charging, also known as inductive charging, eliminates the need for physical connectors or cables, enabling users to charge devices through electromagnetic fields.

Tech Feb 13, 2025 53 Add to Reading List

Wireless Charging Market Size, Share, Trends & Forecast | 2034

Wireless Charging Market Outlook

According to the report by Expert Market Research (EMR), the global wireless charging market size reached a value of USD 13.96 Billion in 2024. With the increasing adoption of wireless charging technologies in consumer electronics, electric vehicles (EVs), and industrial applications, the market is projected to grow at a robust CAGR of 13.20% from 2025 to 2034, ultimately reaching a value of USD 48.23 Billion by 2034.

Wireless charging, also known as inductive charging, eliminates the need for physical connectors or cables, enabling users to charge devices through electromagnetic fields. This technology has gained significant traction due to its convenience, ease of use, and versatility in various industries. While it has been primarily used for smartphones and consumer electronics, advancements in wireless charging technology have expanded its application into a wide range of sectors, including electric vehicles, wearables, and smart home devices.

As wireless charging solutions continue to evolve, the market’s growth is being driven by increasing consumer demand for seamless and efficient charging experiences, alongside growing investments in research and development. Moreover, with the expansion of the electric vehicle market and the continuous development of infrastructure, wireless charging is poised to become a mainstream technology in the years to come.

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Key Drivers of Market Growth

The wireless charging market is experiencing rapid growth, fueled by several key factors. The primary driver is the increasing adoption of smartphones and wearable devices, which have become essential to everyday life. Consumers are increasingly seeking more convenient charging solutions that eliminate the hassle of plugging in cables. Wireless charging offers an attractive alternative, as it allows devices to be charged simply by placing them on a charging pad or surface, with no physical connection required.

In addition to consumer electronics, wireless charging is gaining momentum in the electric vehicle (EV) sector. As EV adoption continues to rise globally, the need for more efficient and convenient charging solutions has become more pressing. Wireless charging systems for EVs are being developed to provide a cable-free charging experience, offering increased ease of use and potentially reducing the wear and tear on charging connectors. Furthermore, the implementation of wireless charging infrastructure in public spaces and commercial buildings is expected to drive the growth of this segment.

Another significant factor contributing to the growth of the wireless charging market is the ongoing advancements in technology. New developments in power transfer efficiency, speed, and compatibility are making wireless charging solutions more practical and attractive for both consumers and businesses. Additionally, emerging standards, such as the Qi standard for smartphones and the ongoing work in high-power wireless charging for EVs, are expected to broaden the market’s appeal and increase its adoption across multiple industries.

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Wireless Charging Market Segmentation

The global Wireless Charging Market can be divided based on technology, transmission range, application, region.

Breakup by Technology

Inductive Charging
Resonant Charging
Radio Frequency Based Charging
Others

Breakup by Transmission Range

Short Range
Middle Range
Long Range

Breakup by Application

Consumer Electronics
Automotive
Healthcare
Industrial
Defence
Others

Breakup by Region

North America
Latin America
Asia Pacific
Europe
Middle East and Africa

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

Leggett & Platt, Incorporated
Energizer
Powermat
WiTricity Corporation
Samsung
Renesas Electronics Corporation
Others

Challenges in the Market

While the wireless charging market shows tremendous potential, several challenges must be addressed for its full-scale adoption. One of the most significant obstacles is the limited efficiency and slower charging speeds compared to wired solutions. Despite advancements in technology, wireless charging systems often require longer charging times, which can deter consumers who prioritize convenience.

Furthermore, the cost of implementing wireless charging infrastructure, particularly in sectors like electric vehicles and public spaces, can be prohibitive. The need for standardization across wireless charging platforms is also crucial to ensure interoperability between devices and charging stations. Manufacturers and industry stakeholders will need to collaborate to overcome these challenges and ensure the widespread adoption of wireless charging.

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