North America led the market in 2024 due to the huge adoption of advanced consumer electronics and wireless charging-enabled devices
The growing adoption of electric vehicles (EVs), consumer electronics, and smart home ecosystems might position the global wireless charging market to reach USD 57.16 billion by 2034, according to a report by Polaris Market Research.
The demand for chargers without cables is increasing. The automotive sector has seen a sudden growth in wireless charging because it makes users’ life easier than wired chargers. The report showcases that it is particularly suitable for urban mobility and future autonomous vehicles.
The recent advancement in high-power inductive charging and Vehicle-to-Grid (V2G) technologies are further improving charging efficiency and energy management, while the installation of wireless charging infrastructure in public and private spaces is supporting wider EV adoption.
The study also showcases that wireless charging is becoming a major part of smart homes and IoT ecosystems. As the usage of connected devices is increasing, wireless charging is enabling more seamless power management.
Among technologies, the inductive charging segment accounted for the largest market share in 2024, supported by its cost-effectiveness, simple design, and widespread use in consumer electronics. By application, the consumer electronics segment is expected to register the fastest growth during the forecast period, driven by rising demand for cable-free charging across portable devices.
The report says that regionally, North America led the market in 2024 due to the huge adoption of advanced consumer electronics and wireless charging-enabled devices. Meanwhile, the Asia-Pacific region is expected to witness the fastest growth through 2034, supported by its large consumer base and increasing adoption of smartphones, wearables, and other connected electronic devices.
Key companies operating in the market include Apple, ConvenientPower, Energizer Holdings, Leggett & Platt, MediaTek, Mojo Mobility, Murata Manufacturing, Plugless Power, Powercast, Powermat, Qualcomm Technologies, Renesas Electronics, Texas Instruments, and WiTricity.
Top of Form
Bottom of Form
