Wireless Charging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Wireless Charging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global wireless charging market size reached US$ 15.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.6 Billion by 2028, exhibiting a growth rate (CAGR) of 13.77% during 2023-2028.

Wireless charging refers to the process of electrically charging battery-powered equipment or devices without physically connected cables. It works on the principle of inductive power transfer or magnetic resonance in which an electric current is passed between two objects through the use of coils so as to induce an electromagnetic field. It provides a safe, convenient and reliable way to charge and power numerous electrical devices at homes and workplaces.

The various benefits associated with wireless charging, such as ease of handling and mobility, protection from electric shocks, flexibility, etc., are contributing to the growth of the global wireless charging market. Further, the rising proliferation of the Internet of Things (IoT) is boosting the demand for wireless charging as it is a convenient method to power an IoT network. Moreover, integration of wireless charging solutions in automobiles and the increasing applications of wireless charging in the healthcare segment represent some of the other factors that are driving the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global wireless charging market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology, transmission range and application.

Breakup by Technology:

Inductive Charging
Resonant Charging
Radio Frequency Based Charging
Others

Based on the technology, inductive charging technology represents the largest segment. Other technology segments include resonant charging, radio frequency based charging and others.

Breakup by Transmission Range:

Short Range
Medium Range
Long Range

Based on the transmission range, the market has been segmented as short range, medium range and long range wireless chargers. Among these, short range chargers hold the largest market share.

Breakup by Application:

Consumer Electronics
Automotive
Healthcare
Industrial
Defense
Others

Based on the application, the market has been segmented into consumer electronics, industrial, healthcare, automotive, defence and others. Consumer electronics currently accounts for the largest market share.

Breakup by Region:

Asia Pacific
North America
Europe
Middle East and Africa
Latin America

Region-wise, the market has been segmented as North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. At present, Asia Pacific represents the leading market across the globe.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Convenient Power HK Limited, Energizer Holdings, Inc, Integrated Device Technology, Leggett & Platt Incorporated, Murata Manufacturing Co. Ltd, Powermatic Technologies Ltd.., Qualcomm Incorporated, Texas Instruments Incorporated, Witricity Corporation and Samsung.

This report provides a deep insight into the global wireless charging market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the wireless charging market in any manner.

Key Questions Answered in This Report

1. What was the size of the global wireless charging market in 2022?
2. What is the expected growth rate of the global wireless charging market during 2023-2028? 2023-2028.
3. What are the key factors driving the global wireless charging market?
4. What has been the impact of COVID-19 on the global wireless charging market?
5. What is the breakup of the global wireless charging market based on the technology?
6. What is the breakup of the global wireless charging market based on the transmission range?
7. What is the breakup of the global wireless charging market based on the application?
8. What are the key regions in the global wireless charging market?
9. Who are the key players/companies in the global wireless charging market?