Global Wireless Charging Market to Generate USD 185.90 Billion by 2030, States a New Report by Next Move Strategy Consulting

Increase in sales of smartphones, surge in adoption of electric vehicles, and rise in implementation in industrial and healthcare applications for continuous power supply drive the wireless charging market growth.


New York, Sept. 02, 2022 (GLOBE NEWSWIRE) -- According to the report published by Next Move Strategy Consulting, the global wireless charging market generated USD 17.48 billion in 2021, and is expected to reach USD 185.90 billion by 2030, witnessing a CAGR of 29.4% from 2022 to 2030. The report provides a detailed analysis of current market size and estimations along with the Porter’s five forces. The research also discusses key segments and their sub-segments in detail.

Equipping a thorough analysis in 236 pages, accompanied by 130 tables and 100 figures, the report is a helpful source of information for leading players, startups, and investors in gaining insights on current and future market conditions and taking necessary steps to strengthen their presence in the wireless charging industry.

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Report CoverageDetails
Forecast Period 2022–2030
Base Year 2021
Market Size in 2021USD 17.48 Billion
Market Size in 2030USD 185.90 Billion
CAGR29.4%
No. of Pages236
Tables130
Figures100
Segments coveredTechnology, Industry Vertical, and Geography.
DriversIncrease in sales of smartphones
Rise in implementation in industrial and healthcare applications for continuous power supply
Rapidly evolving portable electronics sector
OpportunitiesIncrease in research and development activities in the field of wireless charging technologies
Surge in popularity of internet of things (IoT)

The report provides a detailed analysis of changing market dynamics based on drivers, restrains, and opportunities of the global wireless charging market. Increase in sales of smartphones, surge in adoption of electric vehicles, and rise in implementation in industrial and healthcare applications for continuous power supply drive the growth of the market. In addition, rapidly evolving portable electronics sector supplements the market growth. However, high cost for integrating wireless charging features hinders the market growth.

Outlining the opportunities that assist leading players expand their wireless charging market size in the coming years, the Lead Analyst for the ICT & Media at Next Move Strategy Consulting, stated, “Increase in research and development activities in the field of wireless technologies present new opportunities in the coming years. Moreover, surge in popularity of internet of things (IoT) among consumers create new avenues for growth.”

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The research offers a detailed segmentation of the global wireless charging market based on technology, industry vertical, and geography. Based on technology, the report further classifies the market into resonant, inductive, radio frequency (RF) and others. By industry vertical, the research further segments the market into electronics, healthcare, industrial, automotive, and aerospace & defense.

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Based on geography, the report further classifies the global wireless charging market into North America, Europe, Asia-Pacific, and RoW. North America held the highest market share in 2021, and will maintain its dominance throughout the forecast period. This is attributed to rise in adoption of electric vehicles and expansion of the consumer electronics industry in this region. However, Asia-Pacific is projected grow steadily throughout the forecast period. This is due to increase in adoption of IoT technology and surge in demand for smartphones.

The report provides a detailed analysis of each region and its respective countries based on segments and their sub-segments. The tabular and graphical representations help in understanding the analysis and gaining insights to expand the wireless charging market share.

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The report offers an extensive competitive landscape of the global wireless charging market by analyzing the leading players such as Samsung Electronics Co. Ltd., Texas Instruments, Qualcomm Incorporated, Powermat Technologies Ltd., Integrated Device Technology Inc., Energizer Holdings Inc., WiTricity Corporation, Sony Corporation, Murata Manufacturing Co. Ltd., and Fulton Innovation LLC. The report analyzes these players based on key developments, business performance, and product launches to outline the market competition.

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