Wireless Phone Charging Market By Technology (Inductive, Resonant, and Radio Frequency (RF)), By Industrial Vertical (Electronics, Automotive, Industrial, Healthcare, and Aerospace & Defense), and By Region - Trends, Analysis and Forecast till 2030

Wireless Phone Charging market accounted for USD 11.9 Billion in 2020 and is estimated to be USD 79.0 Billion by 2030 and is anticipated to register a CAGR of 20.9%.

Wireless charging is a process of charging battery-powered devices and equipment without the need for a wired electrical power connection. It allows wireless transfer of electrical charge from a charging device or node to the recipient device. Wireless charging is a convenient, reliable, and safe technology to charge and power electrical devices. Moreover, it provides cost-effective, efficient, and safer benefits as compared to traditional charging systems by eradicating the use of physical cables and connectors. Additionally, it keeps continuous transfer of power to safeguard all types of devices (smartphones, handheld industrial devices, heavy-duty equipment, and others) are charged and easily available for use.

Technological advancement

Rising demand smart wearables integrated with advanced charging systems along with laptops and smartphones is driving growth of the target market. Additionally, technological advancements in electronic devices resulting to miniaturization of products is also boosting growth of the global market. Manufacturers involved in the target market are focusing their approach towards deployment of wireless charging facility in vehicles. Moreover, government expenditure on infrastructure development of vehicle charging stations is further projected to influence growth of the global wireless charging market. Increasing R&D activities and technological advancements by major players is anticipated to create new opportunities in terms of revenue to players operating in the global wireless charging market in the coming years. Humavox Company has developed a trend of charging the devices wirelessly called drop & charge in which the charge station is defined as a box, or key, and the receiver needs to be pressed on transmitter by an induction charging.  Such advantages prove helpful to the customer with better product usability, designing, and reliability. Increase in demand for efficient charging system is projected to expressively drive the growth of the wireless charging market.

Conversely, technology is expensive to integrate and comparatively slower charging which might hamper growth of the target market.

Wireless phone charging market is segmented based on technology, industrial vertical, and region.

On the basis of technology, the wireless phone charging market is segmented into inductive, resonant, and radio frequency (RF). On the basis of industrial vertical, the target market is classified into electronics, automotive, industrial, healthcare, and aerospace & defense.

Regional Insights:

On region the wireless phone charging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific wireless charging market is projected to register for highest share in the global market in terms of revenue, due to increasing number of users for wearable devices, smart phones, and laptops. Further, rapid urbanization and availability of major manufacturers in countries in the region is also boosting growth in this region. The North America and Europe markets are projected to register for substantial revenue shares in the global market. The Europe market is expected to register lucrative CAGR in terms of revenue in the coming years, due to growing adoption from electric vehicles in order to reduce pollution by vehicles in economies in this region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the wireless phone charging market report based on technology, industrial vertical, and region.

Wireless Phone Charging Market, By Technology:

• Inductive
• Resonant
• Radio Frequency (RF)

 Wireless Phone Charging Market, By Industrial Vertical:

• Electronics
• Automotive
• Industrial
• Healthcare
• Aerospace & Defense

 Wireless Phone Charging Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the wireless phone charging market includes Qualcomm Inc., Texas Instruments, Inc., Oregon Scientific, Inc. Fulton Innovation LLC, WiTricity Corporation, Integrated Device Technology, Inc., Duracell Powermat (Procter & Gamble Co.), Convenient Power HK Ltd., Murata Manufacturing Co. Ltd., Energizer Holdings, Inc., and Anker. Prominent players have implemented strategies, such as mergers & acquisitions, product portfolio expansion, agreements, collaborations, and geographical expansion to improve their market penetration.

• Qualcomm Inc.
• Texas Instruments, Inc.
• Oregon Scientific, Inc.
• Fulton Innovation LLC
• WiTricity Corporation
• Integrated Device Technology, Inc.
• Duracell Powermat (Procter & Gamble Co.)
• Convenient Power HK Ltd.
• Murata Manufacturing Co. Ltd.
• Energizer Holdings, Inc.
• Anker