Wireless Charging Revolution: Market on Track for 31.9% CAGR Through 2031
Wireless Charging Revolution: Market on Track for 31.9% CAGR Through 2031
Blog Article
The global wireless charger market was valued at USD 16.4 Bn in 2021 and is expected to surge to USD 243.3 Bn by 2031, growing at a CAGR of 31.9% during the forecast period from 2022 to 2031. This rapid growth is driven by increasing adoption of wireless charging solutions across smartphones, wearables, electric vehicles (EVs), industrial robots, and smart home devices.
Wireless charging technology eliminates the need for physical connectors and cables, offering enhanced convenience, safety, and versatility. From charging mobile phones and tablets to powering EVs and industrial equipment, wireless chargers are reshaping how energy is delivered in both consumer and industrial domains.
Market Drivers & Trends
- Proliferation of Smart Devices:
The growing penetration of smartphones, smartwatches, tablets, and wireless accessories is a major catalyst. As consumers seek seamless charging experiences, wireless power transmission becomes an appealing solution. - Rise of EVs and Automotive Applications:
Automakers are integrating wireless charging pads in cabins for user convenience. More significantly, wireless charging for electric vehicles is gaining traction, with advancements in magnetic resonance technology enabling high-power transmission over short distances. - Healthcare and Industrial Automation Demand:
Wireless chargers are increasingly used in medical devices and service robots, especially where sterility and mobility are critical. Industrial automation, AGVs, and autonomous robots rely on efficient, contactless power transfer to maintain operational uptime. - Development of GaN Materials and Compact Designs:
Improvements in Gallium Nitride (GaN) materials and circuit design are making chargers smaller, faster, and more energy-efficient—critical for both consumer and commercial adoption.
Latest Market Trends
- Multi-device Charging Stations:
Companies like mophie are introducing snap+ multi-device travel chargers and snap+ charging stands supporting simultaneous charging of multiple gadgets with MagSafe and Qi compatibility. - Integration with Smart Ecosystems:
Wireless chargers now serve dual purposes, integrating features such as automatic data backup (e.g., SanDisk Ixpand wireless charger) and NFC/Bluetooth syncing for seamless smart home connectivity. - Automotive Cabin Innovation:
In-car wireless chargers now go beyond mere power transfer, enabling automatic Wi-Fi/Bluetooth connection and infotainment personalization via NFC pairing. - Public Charging Infrastructure:
Deployment of wireless chargers in public places—airports, cafes, hotels—is rising, though challenges remain regarding safety, compatibility, and cost-efficiency.
Key Players and Industry Leaders
Prominent companies shaping the wireless charger market include:
- Delta Electronics, Inc.
- Drone Power Pvt. Ltd.
- Energizer Holdings, Inc.
- Energous Corporation
- etatronix GmbH
- Fulton Innovation LLC.
- InductEV
- Integrated Device Technology, Inc.
- IPT Technology GmbH
- LG Electronics
- Meredot SIA
- Powermat Technologies Ltd.
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd.
- Sony Corporation
- WiBotic
- Wiferion GmbH
- Witricity Corporation
These companies are focusing on expanding product portfolios, entering strategic partnerships, and investing in R&D to introduce next-gen charging systems across consumer and industrial segments.
Recent Developments
- Siemens & WiTricity Partnership (2022):
Siemens invested US$ 25 Mn and acquired a minority stake in WiTricity to accelerate innovation in wireless EV charging technologies. - Delta Electronics' 30kW Wireless Charging System (2018):
Tailored for industrial vehicles like forklifts and AGVs, this solution caters to warehouse automation with rapid charging capability. - WiTricity Licensing Agreement with Wiferion (2022):
Enabled the integration of magnetic resonance technology into industrial charging systems, enhancing power efficiency for mobile robots and AGVs.
Market Opportunities
- EV Wireless Charging Infrastructure:
Demand is booming for fast, wireless EV charging systems, particularly in North America, Europe, and China. - Healthcare and Medical Devices:
The ability to safely charge sealed, waterproof medical devices makes wireless power transfer highly desirable in hospitals and clinics. - Smart Homes and Wearables:
Expanding IoT ecosystems are fueling demand for wireless power solutions in doorbells, thermostats, fitness bands, and smart glasses. - Public and Commercial Charging:
Urban areas are exploring wireless charging stations to enable frictionless, contactless charging in public transport, retail, and hospitality.
Future Outlook
The future of the wireless charger market lies in high-power applications, standardization, and cross-platform compatibility. By 2031, the industry is poised to move beyond smartphones and wearables into sectors like electric vehicles, robotics, smart infrastructure, and healthcare. Further adoption of resonant and RF charging technology will extend operational range and efficiency, overcoming the proximity limitations of current inductive systems.
Governments, especially in China, Europe, and the U.S., are supporting EV adoption and smart infrastructure with favorable policies, further propelling wireless charger deployment across public and private sectors.
Market Segmentation
- By Product Type:
- Power Mat
- Charger Pad (dominant segment)
- Charger Stand
- Quick (Qi) Charger
- By Technology:
- Inductive (most widely adopted)
- Magnetic
- Radio Frequency
- Resonant
- By Rated Power:
- Up to 15 W
- 16 W to 50 W
- 51 W to 500 W
- 501 W to 1 KW
- Above 1 KW
- By Application:
- Smartphones/Tablets
- Laptops
- Power Tools
- Smart Home Devices
- Electric Vehicles
- Industrial Electric Vehicles
- Service Robots
- Wearables
- Others
- By End-use Industry:
- Consumer Electronics (largest share)
- Automotive & Transportation
- Healthcare
- IT & Telecommunication
- Aerospace & Defense
- Others
Regional Insights
- North America:
Dominated the global market in 2021 due to widespread adoption in EVs and consumer gadgets. Strong presence of companies like Qualcomm and WiTricity also contributes to growth. - Asia Pacific:
Emerging as the fastest-growing region with China leading in EV sales and technology standardization for wireless charging. Japan and South Korea drive demand through advanced consumer electronics and in-car innovations. - Europe:
Second-largest EV market globally. Regulatory push and growing tech awareness are accelerating charger infrastructure deployment. - Middle East & Africa / South America:
These regions offer untapped growth potential, especially in public EV charging and smart urban infrastructure development.