“Global Wireless Charger Market to reach a market value of USD 21.35 Billion by 2031 growing at a CAGR of 22.5%”
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 convenience of cable-free charging, along with advancements in fast wireless charging technologies, has driven user adoption across the globe. As manufacturers integrate Qi-compatible features into more devices and accessories, consumers invest in wireless chargers for personal and professional use. Thus, the consumer electronics segment recorded 47% revenue share in the market in 2023. The continued growth of the personal electronics ecosystem, along with increasing consumer preference for minimalistic and clutter-free setups, keeps this segment at the forefront of market demand.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In January, 2025, Samsung Electronics Co., Ltd. unveiled the Galaxy S25 series with Qi2 Ready certification, requiring cases with built-in Qi2 magnets for wireless charging. It introduced the WWA-T420 3-in-1 charger for phones, watches, earbuds, and the WWA-T430 car charger. A first-party Magnetic Case ensures proper alignment. Additionally, In October, 2024, Tesla, Inc. unveiled a new Wireless Portable Charger that combines style and functionality with a 5000mAh battery, dual-device charging, and a 5V/3A output. It features an Alcantara suede base, a hinged magnetic stand for adjustable positioning, and LED indicators for battery status, making it a sleek and practical charging solution.
Based on the Analysis presented in the KBV Cardinal matrix; Apple, Inc. is the forerunner in the Wireless Charger Market. In March, 2024, Apple, Inc. unveiled iOS 17.4 update unlocks Qi2 wireless charging support for iPhone 12, enabling faster 15W charging with compatible chargers. Qi2 offers improved efficiency and magnetic alignment, inspired by MagSafe. Apple, a key Wireless Power Consortium member, contributed to Qi2's development, enhancing wireless charging capabilities. Companies such as Samsung Electronics Co., Ltd., Qualcomm Incorporated and Tesla, Inc. are some of the key innovators in Wireless Charger Market.
With increasing consumers relying on mobile technology for communication, productivity, fitness, and entertainment, the demand for convenient, fast, and tangle-free charging solutions has surged. Modern devices are designed with wireless charging support to meet evolving consumer expectations for sleek and cable-free experiences. Hence, the demand for wireless charging solutions that support multiple device types and form factors is poised to grow in tandem with the device ecosystem itself, making it a central component of modern digital lifestyles.
Additionally, with the growing dependence on smartphones, wearables, and other smart devices, consumers are placing a high priority on charging solutions that offer not only convenience but also speed. As these devices support more powerful applications and features, their battery consumption naturally increases. In response, users are looking for ways to recharge quickly without being tethered to a power outlet, which has led to a surge in interest in fast and efficient wireless charging technologies. The rapid growth and pervasive adoption of the wireless charger market across various sectors are primarily driven by the increasing demand for high-performance charging solutions.
Wireless chargers are generally priced higher than their wired counterparts, making them a less attractive option for many consumers. While a standard wired charger is often included with the purchase of a smartphone or available at a low cost, wireless chargers typically need to be bought separately and come with a noticeably higher price tag. This price difference becomes a crucial deciding factor, especially in emerging markets or among users prioritizing function and affordability over convenience. This limits the availability and visibility of wireless charging technology in everyday settings, further slowing down its mass adoption and market growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.
Free Valuable Insights: Global Wireless Charger Market size to reach USD 21.35 Billion by 2031
Based on component, the market is bifurcated into transmitters and receivers. The receivers segment procured 37% revenue share in the market in 2023. As consumer electronics brands continue to embrace wireless charging standards like Qi, many devices are being designed with built-in receivers to enable seamless compatibility. The minimalist design trend and improved user experience have encouraged manufacturers to avoid traditional charging ports.
On the basis of technology, the market is classified into inductive, resonant, RF (radio frequency), and others. The inductive segment acquired 47% revenue share in the market in 2023. The segment leads the market due to its proven efficiency, safety, and strong industry backing, particularly through the Qi standard. It is widely used in smartphones, smartwatches, earbuds, and other consumer electronics that require close-contact charging.
By product, the market is divided into charging pad, power mat, charging stand, charging vehicle mount, and others. The charging pad segment witnessed 58% revenue share in the market in 2023. These flat-surface chargers offer a no-fuss, plug-and-play experience, making them an ideal choice for everyday users looking to transition from traditional wired charging. Their sleek and compact design allows for easy placement on nightstands, office desks, and countertops, contributing to their popularity in both residential and commercial settings.
Based on power output, the market is segmented into up to 5W, 5W to 500W, 500W to 1000W, and above 1kW. The above 1kW segment acquired 6% revenue share in the market in 2023. The above 1kW segment is driven by the growing adoption of electric vehicles (EVs), heavy-duty industrial equipment, and unmanned systems like drones that require high-capacity, fast wireless charging solutions.
On the basis of application, the market is classified into mobility, consumer electronics, drone, healthcare, industrial, defense, and others. The healthcare segment garnered 8% revenue share in the market in 2023. Medical devices such as wearable monitors, hearing aids, and portable diagnostic equipment benefit from contactless charging, which reduces contamination risks and simplifies device handling.
The wireless charger market is highly competitive, driven by advancements in charging efficiency, device compatibility, and design innovations. Companies focus on fast charging, multi-device support, and seamless integration with smart ecosystems to differentiate their offerings. Growing adoption of wireless charging in smartphones, wearables, and electric vehicles intensifies the competition. Regulatory standards and technological breakthroughs, such as long-range and over-the-air charging, further shape the landscape. Price wars and product diversification also play a key role in gaining market share.
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment acquired 26% revenue share in the market in 2023. Early technology adoption, a mature consumer electronics industry, and strong investments in research and development fuel North America's growth. The region benefits from high smartphone and wearable usage and the increasing popularity of smart homes and IoT devices.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 4.36 Billion |
| Market size forecast in 2031 | USD 21.35 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 22.5% from 2024 to 2031 |
| Number of Pages | 396 |
| Number of Tables | 602 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Power Output Range, Component, Technology, Application, Region |
| Country scope |
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| Companies Included | Apple, Inc., Belkin International, Inc. (Foxconn Interconnect Technology Limited), Samsung Electronics Co., Ltd. (Samsung Group), Continental AG, Tesla, Inc., Renesas Electronics Corporation, WiTricity Corporation, Powermat Technologies Ltd., Powercast Corporation and Qualcomm Incorporated (Qualcomm Technologies, Inc.) |
By Product
By Power Output Range
By Component
By Technology
By Application
By Geography
This Market size is expected to reach $21.35 billion by 2031.
Proliferation of Smartphones and Wearables are driving the Market in coming years, however, High Cost Compared to Wired Chargers restraints the growth of the Market.
Apple, Inc., Belkin International, Inc. (Foxconn Interconnect Technology Limited), Samsung Electronics Co., Ltd. (Samsung Group), Continental AG, Tesla, Inc., Renesas Electronics Corporation, WiTricity Corporation, Powermat Technologies Ltd., Powercast Corporation and Qualcomm Incorporated (Qualcomm Technologies, Inc.)
The expected CAGR of this Market is 22.5% from 2023 to 2031.
The Up to 5W segment is leading the Market by Power Output Range in 2023; thereby, achieving a market value of $10.8 billion by 2031.
The Asia Pacific market dominated the 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.
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