Wireless Charging Market Share

APAC Market Forecast

Asia Pacific industry is expected to hold largest revenue share of 34% by 2037. Rising research and development of wireless technology in the region will drive market extension. China, as a technology powerhouse, is dominating the battle of wireless charging, accounting for more than 50% of total patents in the wireless charging sector. China is the country of origin for around 40% of the total patents in the wireless electric vehicle charging domain, followed by Japan. Furthermore, the rising demand for consumer electronics and electric vehicles will further drive the market expansion.

North American Market Statistics

The North America wireless charging market will be expected to be the second largest, registering roughly 28% in the near future. The rising popularity of smart wearable gadgets will drive market enlargement. The realm of smart wearables, such as smartwatches, fitness trackers, and wireless earbuds, has embraced wireless charging as a convenient and user-friendly experience in the region. Users can simply place their smart wearable device on a charging pad or dock, and the charging process begins automatically. The number of smart wearable device users in the United States climbed from around 20% (of the population) in 2021 to about 25% in 2022, and it is expected to reach about 27% in 2024.