According to a new report, published by KBV research, The Global Wireless Charger Market size is expected to reach $21.35 billion by 2031, rising at a market growth of 22.5% CAGR during the forecast period.
The Charging Vehicle Mount segment is registering a CAGR of 22.2% during (2024 - 2031). These wireless chargers, which double as secure mounts, provide a convenient, hands-free charging solution while driving. As more vehicles incorporate wireless charging ports or support aftermarket accessories, consumers opt for vehicle mounts that offer charging and safe device positioning. The surge in ride-hailing services, frequent commuting, and road travel has also contributed to the widespread adoption of these chargers. The focus on driver safety and growing smartphone dependency on the road is positioning charging vehicle mounts as an essential accessory in modern automobiles.
The Up to 5W segment is leading the Global Wireless Charger Market by Power Output Range in 2023; thereby, achieving a market value of $10.8 billion by 2031. The up to 5W segment is primarily driven by the widespread use of low-power wireless charging in compact consumer electronics such as smartwatches, wireless earbuds, fitness trackers, and other wearable devices. These chargers offer a cost-effective solution for users prioritizing convenience over speed, especially in daily, overnight, or travel-based use. The simplicity, affordability, and compatibility of 5W chargers with a wide range of Qi-enabled devices make them highly attractive in residential and light-commercial applications.
The Resonant segment is anticipating a CAGR of 22.3% during (2024 - 2031). Unlike inductive technology, resonant charging allows devices to charge even if placed at a slight distance or misaligned with the charger, making it ideal for environments where user convenience is key. This includes automotive cabins, office setups, and smart homes where multiple devices may be charged simultaneously. Its ability to support higher spatial freedom and charge through surfaces like desks or dashboards pushes its adoption in next-gen consumer electronics and industrial applications, contributing to its expanding market share.
The Transmitters segment is generating the maximum revenue in the Global Wireless Charger Market by Component in 2023, thereby, achieving a market value of $12.9 billion by 2031. Manufacturers are incorporating transmitters into a diverse array of products, such as in-car consoles, docks, and charging platforms, as wireless charging becomes a standard feature in smartphones, wearables, and furniture. The surge in smart home adoption and the development of public charging infrastructure—such as in airports, cafes, and offices—further contribute to the widespread deployment of wireless charging transmitters. Additionally, advancements in multi-device and fast-charging transmitters attract tech-savvy users and boost segment revenue.
The Mobility segment would obtain a CAGR of 21.6% during (2024 - 2031). Wireless charging for EVs, e-bikes, and autonomous transport systems eliminates the hassle of cables and physical connectors, offering seamless and low-maintenance power delivery. This segment benefits from growing smart city initiatives, rising investment in EV infrastructure, and the increasing demand for user-friendly charging methods. The convenience of automatic alignment and charging, especially in public or fleet-based mobility systems, further propels interest in wireless charging technologies within the transportation industry.
Full Report: https://www.kbvresearch.com/wireless-charger-market/
The Asia Pacific market dominated the Global Wireless Charger Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9.5 billion by 2031. The North America market is exhibiting a CAGR of 21.3% during (2024 - 2031). Additionally, The Europe market would experience a CAGR of 22% during (2024 - 2031).
By Product
By Power Output Range
By Component
By Technology
By Application
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