What is the wireless charging market?

Wireless charging enables the wireless transmission of electrical energy from a charging device or node to the recipient device. Wireless charging is known as inductive charging even though it is one of its types or methods. It maintains a constant power supply to ensure that all devices, including wearables, cellphones, and other devices, are charged and available for use. Wireless charging uses a number of different methods, including radio frequency, magnetic, and resonant.


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The wireless charging market is experiencing a remarkable transformation, projected to expand at approximately 24–24.4% CAGR through 2032, with valuation soaring from USD 30–38 billion (2024) to over USD 165 billion by 2034. From consumer electronics to electric vehicles (EVs), healthcare, and industrial automation, the momentum builds across technologies—inductive, resonant, and radiofrequency. 

Market Overview & Growth Drivers

Market Size & Growth Outlook

• In 2024, the wireless charging market was valued between USD 30.75 billion and USD 38 billion, projecting a sharp increase through 2032/34.
  

• Forecasts predict it will exceed USD 165 billion by 2034, growing at a 24%+ CAGR.
  

Key Growth Drivers

1. EV Momentum: The surge in EV adoption demands innovative charging solutions. Wireless EV charging—via inductive pads and in-road systems—is gaining widespread interest.
   

2. Smart Device Ubiquity: Over 64% of devices (phones, tablets, wearables) now support wireless charging, and Qi2 (up to 15W) is expanding rapidly.
   

3. AI & Automation: Intelligent energy management and predictive maintenance leverage AI to improve system efficiency and appeal.
   

4. Dynamic Standards: Qi2 and AirFuel Alliance are pushing innovation, broadening compatibility and speeding charging.
   

5. Industry Expansion: Wireless charging is expanding beyond smartphones into robots, medical devices, drones, and industrial tools.

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Regional Insights: US & Japan

United States

• North America leads with a strong market share and is expected to grow at a rapid CAGR.
  

• Adoption spans from consumer devices to EV projects like wireless taxi charging demos with 100% uptime.

• Key players include companies forging partnerships with automakers, medical device manufacturers, and infrastructure providers.

Japan

• Japan is advancing EV-related wireless charging and corporate electronics R&D.
  

• Domestic automotive and tech giants are investing heavily in resonant and inductive systems for smart cities and next-gen devices.
  

• Japan aligns with global Qi2 standards, ensuring interoperability and widespread adoption across markets.
  

Technology & Segmentation

Components: Transmitters and receiver coils adapted for varied applications.

• Applications: consumer electronics, electric vehicles, healthcare, robotics, aerospace, and more.

Competitive Landscape

Major companies driving innovation in this space include Qualcomm, WiTricity, Energous, Toshiba, Powermat, Samsung, Panasonic, and TDK.

• Strategic Developments: System-on-Chip launches, licensing agreements, and strategic partnerships with automakers and electronics brands.
  

• Standardization Efforts: Driven by organizations like the Wireless Power Consortium and the AirFuel Alliance to ensure industry-wide compatibility.
  

• Collaborations: Joint ventures in electronics, mobility, and medical tech illustrate cross-sector integration.