Wireless Charging Market Size Worth USD 57.16 Billion by 2034 | CAGR: 21.2%

The wireless charging market size is expected to reach USD 57.16 billion by 2034, according to a new study by Polaris Market Research. The report “Wireless Charging Market Share, Size, Trends, Industry Analysis Report: By Technology (Inductive, Resonant, Radio Frequency, and Others), Application, Component, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The need for convenient and user-friendly charging solutions drives the adoption of wireless charging in electric vehicles (EVs). Unlike traditional plug-in systems, wireless charging eliminates the hassle of connecting cables, making it especially beneficial for urban environments and autonomous vehicles. Advancements in high-power inductive charging and Vehicle-to-Grid (V2G) technology further enhance its appeal by improving efficiency and energy management. Moreover, the integration of wireless charging pads in public and private infrastructure supports the growing EV market, addressing range anxiety and simplifying the charging process for users.

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Wireless charging is becoming a key component of smart homes and IoT ecosystems, offering seamless charging experiences for various devices. Wireless chargers can optimize energy usage and enhance convenience, allowing users to control and monitor charging remotely by integrating with IoT-enabled systems. This trend is fueled by the growing number of interconnected devices, such as smartphones, wearables, and home automation systems, that rely on efficient power management. The combination of wireless charging and IoT streamlines device usage and it also aligns with the demand for smarter and more sustainable living environments.

Top of FormWireless Charging Market Report Highlights

• In terms of technology, the inductive segment led the wireless charging market share in 2024, owing to its straightforward design, cost efficiency, and extensive use in consumer electronics.
• The consumer electronics segment, by application, is projected to witness the fastest growth in the wireless charging market, driven by increasing preferences for cable-free charging solutions across devices such as smartphones, tablets, wearables, and other portable electronics.
• North America held the largest share of the wireless charging market revenue in 2024, fueled by the high penetration of advanced consumer electronics such as smartphones and wearable devices that extensively utilize wireless charging technologies.
• The Asia Pacific wireless charging market is anticipated to exhibit the fastest growth during the forecast period, supported by a vast consumer base and the accelerated adoption of smartphones, wearables, and other electronic devices in the region.
• A few global key market players are Apple Inc.; ConvenientPower; Energizer Holdings, Inc.; Leggett & Platt, Incorporated; MediaTek Inc.; Mojo Mobility Inc.; Murata Manufacturing Co., Ltd.; PLUGLESS POWER INC.; Powercast Corporation; Powermat; Qualcomm Technologies, Inc.; Renesas Electronics Corporation; Texas Instruments Incorporated; and WiTricity Corporation.

Polaris Market Research has segmented the wireless charging market report on the basis of component, technology, application, and region:

By Component Outlook (Revenue, USD Billion, 2020–2034)

• Transmitters
• Receivers

By Technology Outlook (Revenue, USD Billion, 2020–2034)

• Inductive
• Resonant
• Radio Frequency
• Others

By Application Outlook (Revenue, USD Billion, 2020–2034)

• Automotive
• Consumer Electronics
• Industrial
• Healthcare
• Defense
• Others

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Vietnam
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Wireless Charging Market Report Scope