U.S. and China Wireless Charging Market Outlook, 2033
The U.S. and China wireless charging market was valued at $2,984.1 million in 2023 and is projected to reach $21,915.1 million by 2033, registering a CAGR of 22.4% from 2024 to 2033.
Wireless charging is the transmission of energy from a power source to a consuming device without wires or cables. Wireless charging devices comprise a charging station (or transmitter) that transmits the energy, and a receiver (integrated inside a device) that receives the energy & charges the battery. It is a reliable, convenient, and safe technology to power and charge electrical devices. In addition, it provides efficient, cost-effective, and safer advantages over the traditional charging systems by eliminating the use of physical connectors and cables. Moreover, it maintains continuous transfer of power to ensure all types of devices (handheld industrial devices, smartphones, and heavy-duty equipment) are charged and readily available for use.
Key Takeaways:
- Based on technology, the Inductive segment held the largest share of the U.S. and China wireless charging market in 2023. However, the Laser segment is anticipated to grow at the fastest CAGR during the forecast period.
- Based on end user, the home-based product segment dominated the U.S. and China wireless charging market size in terms of revenue in 2023. However, the automotive segment is anticipated to grow at the fastest CAGR during the forecast period.
- Country-wise, China held the largest market share in 2023. However, the U.S. is expected to witness the highest CAGR during the forecast period.
Market Dynamics
The proliferation of smartphones, tablets, and wearables equipped with wireless charging capabilities drives the growth of the wireless charging market in both the U.S. and China. This trend is fueled by advancements in technology, an increase in consumer demand for convenience, and the adoption of universal charging standards. In the U.S., major tech companies such as Apple and Samsung have played a pivotal role. For instance, Apple's introduction of wireless charging with the iPhone 8 and subsequent models, including the iPhone 12 and 13, has driven widespread consumer interest. Similarly, Samsung's Galaxy S series and Note series have incorporated wireless charging, thus boosting market growth. Retailers such as Walmart have witnessed increased sales of wireless charging pads and accessories, reflecting the growing consumer preference for cable-free charging solutions.
In China, the market expansion is propelled by the rapid adoption of wireless charging technology in smartphones and wearables by companies such as Xiaomi and Huawei. Xiaomi's Mi Mix 4 and Huawei’s Mate 40 Pro are notable examples, as they include advanced wireless charging features that enhance user convenience. In addition, China's aggressive push toward technological innovation and the presence of major electronics manufacturers contribute to the rapid growth of the market. Companies such as Anker Innovations and Baseus have expanded their product lines to include wireless chargers, further driving market growth. Moreover, the integration of wireless charging into everyday devices is changing consumer habits, leading to significant growth in the wireless charging market across both the U.S. and China.
However, the high cost of technology is a significant factor restraining the growth of the wireless charging market in the U.S. and China. Developing and implementing wireless charging solutions involves substantial investment in research and development, production, and infrastructure. These costs are often passed on to consumers, making wireless charging devices and systems more expensive than traditional wired alternatives. In the U.S., the adoption of wireless charging for electric vehicles and consumer electronics is hindered by the higher prices of these technologies. For instance, while companies such as Apple and Tesla innovate with wireless charging, their products often come at a premium, limiting accessibility for a broader consumer base. In China, although the government and corporations are investing heavily in wireless charging infrastructure, the technology's high cost remains a barrier. Consumers are reluctant to pay extra for wireless charging capabilities, and small to medium enterprises might find it challenging to adopt such expensive technologies. The financial constraints slow market penetration and adoption rates, restraining the growth of the wireless charging market in both countries.
Furthermore, increasing investment in public wireless charging infrastructure in the U.S. and China presents significant opportunities for the wireless charging market. As urbanization and the adoption of electric vehicles (EVs) accelerate, the demand for convenient and efficient charging solutions grows. Public wireless charging stations cater to this need, reducing reliance on traditional wired chargers and enhancing user convenience. In the U.S., government initiatives and private sector investments are driving the expansion of wireless charging networks, particularly in urban areas and along highways. This infrastructure supports the growing EV market and aligns with sustainability goals by reducing electronic waste from disposable charging cables. China, with its rapid technological advancements and large EV market, is also investing heavily in wireless charging infrastructure. The integration of wireless charging in public spaces, such as parking lots and commercial areas, is expected to boost market growth and adoption rates. These investments create a robust ecosystem for wireless charging, increasing innovation and expanding market opportunities in both countries.
Segment Overview
The U.S. & China wireless charging market is segmented into technology, end user, and country. By technology, the market is divided into inductive, resonant, radio frequency (RF), laser, and others. The laser segment is further segregated into smart locks, digital signage, charging pads, mobile phones, drones, smart faucets, electric vehicles, window shades, industrial robots & machinery, and others. By end user, it is classified into home-based products, automotive, and others. The home-based products are further categorized into personal care, home appliances, personal healthcare, and consumer electronics products. Country-wise, it is analyzed across the U.S. and China.
By Technology
On the basis of technology, the U.S. and China wireless charging market is broken down into inductive, resonant, radio frequency, laser, and others. In 2023, the Inductive segment held the largest share of the U.S. and China wireless charging market due to increasing adoption in electric consumer electronics and industrial applications. In the U.S., growth is fueled by the rising demand for EVs, supported by government incentives and advancements in infrastructure.
By Technology
The Laser segment is projected to grow at a significant CAGR during the forecast period.
By End-User
On the basis of end user, the market is classified into home-based products, automotive, and others. In 2023, the home-based product segment dominated the U.S. and China wireless charging market size in terms of revenue due to increasing consumer demand for convenience and smart home integration. The proliferation of Qi-standard charging pads, integration into furniture, and advancements in long-distance wireless charging are further boosting the market.
By End User
The Home Based segment is expected to hold a majority share of the market throughout the study period
By Country
On the basis of country, the market is analyzed U.S. and China. In 2023, China held the largest market share in the U.S. and China wireless charging industry due to the country's advancements in technology and manufacturing capabilities. Leading companies such as Xiaomi, Huawei, and Oppo are at the forefront, offering innovative solutions for smartphones, electric vehicles, and home appliances.
Top Impacting Factors
The U.S. and China wireless charging markets are driven by increasing consumer demand for convenience, especially in smartphones, wearable devices, and electric vehicles (EVs). Technological advancements like inductive, resonant, and radio frequency (RF) charging, are enhancing charging efficiency and expanding application scopes. The growing adoption of electric vehicles in both regions further fuels the market, with wireless charging systems simplifying the user experience. In China, government policies encouraging electric mobility and smart city infrastructure boost demand. Meanwhile, in the U.S., tech giants and automakers are driving innovation in wireless charging for mobile electronics and EVs. Additionally, integration with Internet of Things (IoT) devices and smart home systems contributes to growth, as consumers increasingly seek seamless connectivity and charging solutions.
Competitive Analysis
The U.S. and China wireless charging market analysis report highlights the highly competitive nature of the U.S. and China wireless charging market, owing to the strong presence of existing vendors. Vendors with extensive technical and financial resources are expected to gain a competitive advantage over their counterparts by effectively addressing the U.S. and China wireless charging market demands. The competitive environment in this market is expected to increase as product launches and acquisition kind of strategies adopted by key vendors increase. Competitive analysis and profiles of the major U.S. and China wireless charging market players that have been provided in the report include Advancements in material science.
Key Developments/Strategies
- In August 2023, Powermat and Powercast partnered to provide a comprehensive range of RF wireless charging solutions. This collaboration allows hospitals and other organizations to power devices from high-power, short-range medical equipment to long-range, low-power IoT sensors, enabling efficient energy transfer across rooms and through walls.
- In May 2023, Energizer Holdings, Inc. announced to invest $43 million to expand its manufacturing operations in Asheboro, North Carolina, creating 144 jobs in three years and 178 jobs over five years. This expansion is expected to enhance global battery production and packaging capabilities.
- In April 2022, Renesas launched wireless power charging technology that offers high efficiency and compact size, particularly suitable for low-power applications such as digital pens and earbud case charging. This technology is integrated into Wacom's Active ES pen solutions, enhancing user convenience by allowing the pens to charge wirelessly while docked to tablets.
- In January 2021, Renesas Electronics Corporation launched the P9418, the world’s first 60W wireless power receiver, featuring WattShare technology. This single-chip solution offers the highest power density in the industry, enabling faster wireless charging for smartphones, laptops, and portable computing devices.
Key Benefits for Stakeholders
- To provide an accurate view of future investment pockets, this study provides analytical estimates for the U.S. and China wireless charging market size, along with current trends and estimations.
- In order to be able to achieve a more prominent position, the overall U.S. and China wireless charging market analysis is based on an understanding of prevailing profitability trends.
- The report presents information related to key drivers, restraints, and the U.S. and China wireless charging market opportunity with a detailed impact analysis.
- In order to measure financial competence, the U.S. and China wireless charging market forecasts shall be quantitatively analyzed from 2023 until 2033.
- The Porter Five Force analysis shows that buyers and suppliers are more powerful in the U.S. and China wireless charging market.
- Key vendor shares and U.S. and China wireless charging market trends are included in the report.
U.S. and China Wireless Charging Market Report Highlights
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Analyst Review
Wireless power transmission transfers electrical power from transmitter to receiver without any wire connection. Wireless charging technology allows multiple devices to connect wirelessly. The smart charging mats and newly launched ground pads specifically for electric vehicles increase the demand for wireless charging in the market. Laser charging, an emerging technology, uses laser beams to deliver energy wirelessly over a distance. It converts electrical energy into a laser beam, which is then focused onto a receiver, converting the laser light back into electrical energy. Although it offers greater flexibility and charges devices from a distance, it is still in the experimental phase and faces challenges such as alignment precision and safety concerns.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. The proliferation of smartphones, tablets, & wearables equipped with wireless charging capabilities, continuous R&D efforts for more efficient & faster wireless charging solutions, surge in adoption of wireless charging in electric vehicles (EVs) are key drivers of the U.S. and China wireless charging market, leading to substantial investments in infrastructure development, technological innovation, and manufacturing capacity. However, the U.S. and China wireless charging market expansion is hindered by high cost of technology, which poses a barrier to widespread adoption wireless charging. Manufacturers in both countries strive to innovate and reduce costs, aiming to make wireless charging more accessible.
The U.S. & China wireless charging market is segmented into technology, end user, and country. By technology, the market is divided into inductive, resonant, radio frequency (RF), laser, and others. By end user, it is classified into home-based products, automotive, and others. The home-based products are further classified into personal care, home appliances, personal healthcare, and consumer electronics products. Laser technology is further categorized by application into smart locks, digital signage, charging pads, mobile phones, drones, smart faucets, electric vehicles, window shades, industrial robots & machinery, and others. Country wise, it is analyzed across U.S. and China.
The key players profiled in the report include Samsung Electronics Co., Ltd., Qualcomm Technologies, Inc, Semtech, Powermat Technologies Ltd., Wi-Charge Ltd., Energizer Holdings, Inc., PowerLight Technologies, Sony Corporation, Renesas Electronics Corporation, Samsung Electronics Co Ltd, and Fulton Innovation LLC. These key players have adopted strategies such as product launch, collaboration, partnership, and investment to enhance their market penetration.
The U.S. and China Wireless Charging market size was valued at $2,984.1 million in 2023.
Based on technology type, the inductive segment holds the maximum market share of the U.S. and China Wireless Charging market in 2023.
The U.S. and China Wireless Charging market is projected to reach $21,915.1 million by 2033.
Increased adoption of smartphones, wearable tech, and IoT devices, and the rise of electric vehicles (EVs) are the key trends in the U.S. and China Wireless Charging market.
The product launch, partnership and acquisition are key growth strategies of U.S. and China Wireless Charging industry players.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
High cost of wireless charging technology is a factor that is negatively affecting the U.S. and China Wireless Charging market.
The homebased components are the leading end user of U.S. and China Wireless Charging market
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