Wireless Charging Market Size, Share, Growth Analysis, By Charging Type(Stationary Wireless Charging Systems, Dynamic Wireless Charging Systems), By Component(Base Charging Pads, Power Control Units, Vehicle Charging Pads), By Charging System(Magnetic Resonance Charging, Inductive Charging, Capacitive Charging), By Application(Home Charging Units, Commercial Charging Stations), By Power Supply Range(UP TO 3.7 KW, ABOVE 3.7-7.7 KW, ABOVE 7.7–11 KW, ABOVE 11 KW), By Vehicle Type(Passenger Cars, Passenger Cars, Commercial Vehicles (Electric Buses, Electric Vans), By Propulsion(Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles), By Region - Industry Forecast 2024-2031

Region-wise, North America held the majority share of the market in the past years and is expected to continue dominance over the forecast period as well owing to advancements in technologies and a strong consumer electronics market. Well-developed nations like Canada and the United States are hubs for innovation and technology. Companies in these regions are leading with the adoption of modernizing and developing new technologies like wireless charging technology. The market in the region is also propelled by higher demand for consumer electronics including electric vehicles, which benefits from the said technology. The key market players operating in North America include Qualcomm Inc., Energous Corporation, Fulton Innovation LLC, WiTricity Corporation, Texas Instruments Incorporated, and more. 

The market in Asia-Pacific is fueled by major electronics producers and the speedy adoption of technologies. Asia-Pacific is home to several largest electronic manufacturers like Huawei, Samsung, LG, and more. They are not only adopting wireless charging technology speedily but are also key contributors to the development and incorporation of multiple devices. Most developing nations of the region like China, India, and South Korea are speedily adopting novel technologies and this trend is progressing the use of wireless charging by businesses and consumers.