Table of Contents
Wireless Charging Market Overview
Wireless charging companies uses electromagnetic induction to transfer energy from a charging station to a device without physical connectors.
It involves a transmitter coil in the charger and a receiver coil in the device. Common technologies include inductive and resonant charging, with the Qi standard being the most widely used.
While it offers convenience and reduces wear on connectors, wireless charging is slower and less efficient than wired charging.
Despite challenges like heat and alignment issues, ongoing advancements are improving its efficiency and adoption.
Market Drivers
The global wireless charging market is driven by several factors, including the growing adoption of wireless charging in consumer electronics like smartphones, wearables, and tablets, which offer convenience and a clutter-free experience.
Additionally, the rise of electric vehicles (EVs) and the need for seamless charging solutions contribute to market growth.
The integration of wireless charging into smart home devices and IoT applications also fuels demand, as does ongoing technological advancement, such as faster charging speeds and multi-device stations.
Consumer preference for convenience and innovation further supports the expansion of wireless charging across various sectors.
Market Size
The global wireless charging market is forecast to grow from USD 9.6 billion in 2023 to USD 83.8 billion by 2033 at a 24.2% CAGR.
List of Major Companies
These are the top 10 companies operating in the Wireless Charging Market:
Samsung
Company Overview
| Establishment Year | 1938 |
| Headquarter | Seoul, South Korea |
| Key Management | Jong-Hee Han (CEO) |
| Revenue (US$ Bn) | $ 198.4 Billion (2022) |
| Headcount | ~ 98,557 (2022) |
| Website | http://www.samsung.com/ |
About Samsung
Samsung Electronics has established a significant presence in the wireless charging companies/sector, offering a range of products such as the Wireless Charger Trio, which can simultaneously charge multiple devices, including smartphones, earbuds, and smartwatches.
The company has also integrated wireless charging capabilities into its Galaxy series smartphones, enhancing user convenience. In recent developments, Samsung announced a $7.2 billion share buyback plan in November 2024 to boost shareholder value amid a decline in share prices.
Additionally, the company reported progress in its semiconductor division, particularly in the development of high-bandwidth memory (HBM) chips designed for artificial intelligence applications, aiming to strengthen its position in the competitive AI chip market.
Geographical Presence
Samsung Electronics, headquartered in South Korea, operates in over 230 locations across 76 countries, employing over 260,000 people.
Its regional presence includes major manufacturing and R&D facilities in Asia, notably in South Korea, China, India, and Vietnam, along with significant operations in North America, Europe, Latin America, and Africa.
The company has manufacturing plants in countries like the U.S., Brazil, and Mexico and maintains a retail presence in over 60 countries through Samsung Experience Stores.
Samsung continues to expand globally, with initiatives such as a planned semiconductor plant in the U.S. and discussions for new projects in the Middle East.
Recent Developments
- In November 2024, Samsung Electronics announced that it would buy back 10 trillion won ($7.17 billion) in shares over the upcoming year to boost shareholder value.
- In May 2024, Samsung launched three new refrigerators with customizable options to enhance the living experience in Indian households.
Qualcomm
Company Overview
| Establishment Year | 1985 |
| Headquarter | San Diego, California, U.S. |
| Key Management | Cristiano Amon (CEO) |
| Revenue (US$ Bn) | $ 38.9 B (2024) |
| Headcount | ~ 49,000 (2024) |
| Website | http://www.qualcomm.com/ |
About Qualcomm
Qualcomm has played a key role in advancing wireless charging companies through its Quick Charge platform, which boosts charging speed and efficiency for compatible devices.
In 2019, it introduced Quick Charge for Wireless Power, extending fast charging to wireless solutions and ensuring compatibility with the Qi standard.
The company also developed Halo wireless EV charging technology but sold it to WiTricity in February 2019 to refocus on its core business.
Recently, Qualcomm has concentrated on enhancing its semiconductor offerings, particularly in AI and 5G, to stay competitive in the tech industry.
Geographical Presence
Qualcomm Incorporated, headquartered in San Diego, California, operates globally with offices in major cities such as Beijing, Tokyo, Seoul, and Singapore.
In fiscal 2023, the company generated approximately $35.8 billion in revenue, with significant contributions from China and Hong Kong ($22 billion) and Vietnam ($4.5 billion).
Qualcomm’s strategic global presence extends through its investment arm, Qualcomm Ventures, which supports emerging technologies in regions like the U.S., Israel, China, and India.
This expansive footprint highlights Qualcomm’s prominent role in the global telecommunications and semiconductor industries.
Recent Developments
- In October 2024, Qualcomm and Google partnered to develop a standardized platform for automotive cockpit solutions using Snapdragon, Android Automotive OS, Google Cloud, and generative AI.
- In October 2024, Qualcomm introduced the Snapdragon® 8 Elite Mobile Platform, the fastest and most powerful mobile system-on-a-chip.
Xiaomi
Company Overview
| Establishment Year | 2010 |
| Headquarter | Beijing, China |
| Key Management | Lei Jun (CEO) |
| Revenue (US$ Bn) | $ 0.4 Billion (2022) |
| Headcount | ~ 32,543 (2022) |
| Website | https://www.mi.com/global/ |
About Xiaomi
Xiaomi Corporation has made significant strides in the wireless charging companies/sector with its flagship smartphones, such as the Xiaomi 14T Pro, which supports 50W wireless charging for fast power replenishment.
The company has also introduced accessories like the Mi 80W Wireless Charging Stand, which is capable of fully charging a 5,000mAh battery in just 36 minutes.
Expanding beyond consumer electronics, Xiaomi recently entered the electric vehicle market with the launch of the SU7 sedan.
Additionally, it has accelerated the global rollout of its Android-based HyperOS 2.0, enhancing the user experience across devices. These initiatives reflect Xiaomi’s ongoing commitment to innovation.
Geographical Presence
Xiaomi Corporation, established in 2010, has rapidly expanded its geographical presence across multiple regions. In China, its home market, Xiaomi dominates the consumer electronics sector, while in India, it has become the largest smartphone brand by market share.
The company has also strengthened its foothold in Southeast Asia, Western and Eastern Europe, Latin America, and the Middle East through a mix of online and physical retail strategies.
Notably, Xiaomi has expanded its manufacturing operations to countries like India and Pakistan. The company’s global strategy includes localized production, tailored marketing, and a diverse product portfolio, solidifying its position as a global leader in consumer electronics.
Recent Development
- In January 2024, Xiaomi introduced the Redmi Note 13 Series in the Indian market.
- In August 2023, Xiaomi partnered with Pixelworks Inc. and launched the Redmi K60 Ultra smartphone.
Panasonic
Company Overview
| Establishment Year | 1918 |
| Headquarter | Osaka, Japan |
| Key Management | Yuki Kusumi (CEO) |
| Revenue (US$ Bn) | $ 62.8 Billion (2023) |
| Headcount | ~ 233,391 (2023) |
| Website | https://holdings.panasonic/ |
About Panasonic
Panasonic has made progress in wireless charging, developing a 15W charger with active cooling and a moving coil for improved efficiency, which is compliant with the Qi 1.2 standard.
The company is also expanding its presence in the electric vehicle (EV) battery market, with a 42% increase in operating profit for its battery unit in Q2 2024, driven by strong sales of energy storage systems for data centres.
Panasonic has also begun preparations for mass production of its 4680 high-capacity EV batteries at its Wakayama plant, aimed at improving EV driving range and reducing battery cells. These efforts highlight Panasonic’s commitment to advancing energy solutions.
Geographical Presence
Panasonic, headquartered in Tokyo, has a broad global presence with facilities in Japan, 39 bases across China and Northeast Asia, and operations in Europe, including Germany, France, and the UK.
It also has key locations in Asia, Oceania, North America, and Latin America, including Thailand, Malaysia, Brazil, and Mexico.
The company operates subsidiaries in India, Indonesia, and the Middle East, with manufacturing and R&D facilities supporting products like automotive batteries, energy storage, and electronics. This extensive network enables Panasonic to meet regional demands effectively.
Recent Development
- In November 2024, Panasonic and Arm partnered to standardize automotive architecture for Software-Defined Vehicles (SDVs) through the SOAFEE initiative.
- In October 2024, Panasonic’s 2050 greenhouse gas reduction target was verified as a “Net-Zero Science-Based Target” by the Science-Based Targets initiative.
Sony
Company Overview
| Establishment Year | 1946 |
| Headquarter | Tokyo, Japan |
| Key Management | Kenichiro Yoshida (CEO) |
| Revenue (US$ Bn) | $ 85.3 B (2022) |
| Headcount | ~ 113,000 (2023) |
| Website | https://www.sony.com/ |
About Sony
Sony has integrated wireless charging into several products, including the WF-1000XM5 earbuds, which feature a Qi-compatible charging case, and the PlayStation 5 DualSense controllers, which can be charged via the DualSense Charging Station.
Recently, Sony reported a 73% increase in operating profit for the July-September quarter, driven by strong sales in its gaming and network services division, despite challenges in TV production due to Hollywood strikes.
Additionally, Sony acquired KinaTrax, Inc. to enhance its sports data business with player performance analytics, highlighting its focus on innovation and growth.
Geographical Presence
Sony Corporation has a broad global presence, with operations in North America, Europe, Asia-Pacific, Latin America, the Middle East, Africa, and Japan.
It is a key player in entertainment, electronics, and gaming in North America while overseeing manufacturing and distribution in Europe, including the UK, Germany, and France.
In Asia-Pacific, it operates in China, India, and Australia, and Latin America, its focus is on Brazil and Mexico.
Sony also has a strong presence in the Middle East and Africa, particularly in South Africa and the UAE. Its headquarters in Tokyo coordinates its global operations, bolstering its position as a leading multinational.
Recent Developments
- In September 2024, Cellares and Sony integrated flow cytometry and the CGX10 System into the Cell Shuttle™ to create the first fully automated cell therapy manufacturing solution.
- In April 2024, Sony launched an edge AI-driven vision detection solution in 500 Japanese convenience stores to improve in-store advertising.
Huawei
Company Overview
| Establishment Year | 1987 |
| Headquarter | Shenzhen, China |
| Key Management | Ren Zhengfei (CEO) |
| Revenue (US$ Bn) | $ 99.0 Billion (2023) |
| Headcount | ~ 207,272 (2023) |
| Website | https://www.huawei.com/ |
About Huawei
Huawei has been a significant contributor to the wireless charging companies/sector, offering products like the HUAWEI SuperCharge Wireless Charger, which supports up to 27W charging for compatible devices.
The company has integrated wireless charging capabilities into its flagship smartphones, such as the Mate and P series, enhancing user convenience.
In recent developments, Huawei has expanded its product portfolio with the introduction of the Mate XT Ultimate Design, a tri-fold smartphone featuring advanced wireless charging capabilities.
Additionally, the company has invested in research and development, unveiling the PanGu AI model to enhance its technological offerings.
These initiatives underscore Huawei’s commitment to innovation and its strategic focus on strengthening its position in the competitive technology landscape.
Geographical Presence
Huawei Technologies Co., Ltd. operates in over 170 countries and regions, with a strong presence across Asia-Pacific, Europe, the Middle East, Africa, and the Americas.
The company is a leading provider of telecommunications infrastructure, smart devices, and ICT solutions. It maintains a significant footprint in key markets such as China, India, Germany, France, the UK, and Latin America.
Huawei also boasts a robust global R&D network with 14 institutes and centers across multiple countries, including the U.S., Canada, Finland, and India. Additionally, its cloud services are available in 33 regions with 93 availability zones worldwide.
Recent Developments
- In November 2024, Huawei launched GigaGear, the first 5G/5.5G accelerator, combining software and hardware to enhance real-time services and improve NPS and network efficiency.
- In September 2024, Huawei launched the Mate XT, the first dual-hinged, triple-screen foldable phone with a “Z” shape hinge for versatile use.
Apple
Company Overview
| Establishment Year | 1976 |
| Headquarter | Cupertino, California, U.S. |
| Key Management | Tim Cook (CEO) |
| Revenue (US$ Bn) | $ 363.2 Billion (2023) |
| Headcount | ~ 161,000 (2023) |
| Website | https://apple.com/ |
About Apple
Apple has advanced the wireless charging companies/sector through its MagSafe technology, which was introduced with the iPhone 12 series in 2020.
This system utilizes a ring of magnets to ensure precise alignment between the device and charger, enhancing charging efficiency and enabling a range of magnetic accessories.
In recent developments, Apple has contributed to the development of the Qi2 wireless charging standard, which incorporates MagSafe technology to improve compatibility and performance across devices.
The company has also expanded its MagSafe accessory lineup, offering products like the MagSafe Battery Pack and MagSafe Duo Charger to provide users with versatile charging solutions.
These initiatives underscore Apple’s commitment to enhancing user experience through innovative wireless charging technologies.
Geographical Presence
Apple Inc. has a robust global presence, with significant contributions from the Americas, Europe, Greater China, Japan, and the Asia Pacific region.
The Americas remain Apple’s largest market, while Europe and Greater China are also critical to its revenue.
In early 2024, Apple faced a nearly 20% decline in iPhone sales in China, marking its worst performance in recent years.
The company continues to expand its retail presence, operating over 500 stores in 27 countries. Apple is also diversifying its supply chain, with increased manufacturing investments in Singapore and ongoing efforts to explore new locations like Indonesia.
Recent Developments
- In October 2024, Apple launched the new iPad mini with the A17 Pro chip and Apple Intelligence, providing relevant insights while ensuring privacy.
- In May 2023, Apple announced a multi-billion-dollar partnership with Broadcom to develop 5G radio frequency components and advanced wireless technology.
Philips
Company Overview
| Establishment Year | 1891 |
| Headquarter | Amsterdam, Netherlands |
| Key Management | Roy Jakobs (CEO) |
| Revenue (US$ Bn) | $ 19.6 Billion (2022) |
| Headcount | ~ 69,656 (2023) |
| Website | http://www.philips.com/ |
About Philips
Philips has made significant strides in wireless charging with products like the 15W Fast Charging Qi Wireless Charger and the 3-in-1 Wireless Charger, which can charge multiple devices simultaneously.
The company has also enhanced its healthcare offerings, notably receiving FDA clearance for the Philips Spectral CT 7500 RT, the first spectral 4DCT respiratory-gated imaging system to improve radiation therapy precision.
Additionally, Philips was named one of the World’s Best Employers by Forbes for the sixth year in a row, highlighting its commitment to innovation and employee satisfaction.
Geographical Presence
Koninklijke Philips N.V., headquartered in Amsterdam, operates in over 100 countries globally, with a significant presence in North America, Europe, and the Asia-Pacific region.
In North America, the company has major offices in cities like Alpharetta, Georgia, and Cambridge, Massachusetts. In Europe, it has key facilities in countries including Germany, France, Italy, and Poland.
In the Asia-Pacific region, Philips has a notable footprint in China, India, Singapore, and Australia, among others. This extensive geographical presence allows Philips to serve a diverse global market and tailor its offerings to regional demands.
Recent Development
- In November 2024, Philips announced the enrollment of the first patient in the U.S. THOR IDE trial to study its combined laser and lithotripsy catheter for PAD.
- In October 2024, Philips and Medtronic formed a partnership to raise awareness of the benefits of timely stroke diagnosis and treatment.
Siemens
Company Overview
| Establishment Year | 1847 |
| Headquarter | Munich, Germany |
| Key Management | Roland Busch (CEO) |
| Revenue (US$ Bn) | $ 85.1 Billion (2023) |
| Headcount | ~ 320,000 (2023) |
| Website | http://www.siemens.com/ |
About Siemens
Siemens AG, a leader in industrial automation and electrification, is increasingly focusing on wireless charging, particularly for electric vehicles (EVs) and smart infrastructure.
The company has invested in developing solutions for integrating wireless charging into urban transport and industrial applications.
Through strategic partnerships and acquisitions, such as its purchase of C&S Electric, Siemens has strengthened its electrification offerings, including wireless charging for transportation and industry.
Siemens is also working on projects to incorporate wireless charging into smart cities and public transit systems.
With a focus on sustainable mobility and energy-efficient technologies, Siemens is well-positioned for growth in the wireless charging companies/sector.
Geographical Presence
Headquartered in Munich, Siemens AG operates in over 200 countries, with a strong presence across Europe, North America, Asia, and emerging markets in Latin America, the Middle East, and Africa.
The company’s core divisions—Digital Industries, Smart Infrastructure, Mobility, and Siemens Healthineers—focus on sectors such as automation, energy, mobility, and healthcare.
Siemens delivers innovative solutions in industrial automation, renewable energy, and smart infrastructure, catering to both developed and emerging markets.
Its global reach and focus on sustainability and advanced technologies position Siemens as a key player in addressing regional and global market demands.
Recent Development
- In November 2024, Siemens launched a new line of Industrial PCs (IPCs) equipped with NVIDIA’s GPUs.
- In November 2024, Siemens introduced a SIMATIC ET 200SP e-Starter that provides 1000x faster, wear-free short-circuit protection than traditional breakers or fuses.
ABB
Company Overview
| Establishment Year | 1988 |
| Headquarter | Zurich, Switzerland |
| Key Management | Morten Wierod (CEO) |
| Revenue (US$ Bn) | $ 32.2 Billion (2023) |
| Headcount | ~ 105,000 (2023) |
| Website | https://global.abb/ |
About ABB
ABB Ltd., a leader in electrification and automation, is expanding its presence in the wireless charging companies/sector, focusing on sustainable and scalable solutions for electric vehicles (EVs) and industrial automation.
Recent developments include the launch of innovative EV wireless charging systems, positioning ABB as a key player in the growing EV infrastructure market.
The company has also strengthened its capabilities through strategic acquisitions, such as the purchase of wireless charging firm Uptake and continued investment in R&D.
These efforts place ABB in a strong position to capitalize on the increasing demand for wireless charging as global electrification and energy efficiency trends accelerate.
Geographical Presence
ABB Ltd. operates in over 100 countries, with a strong presence across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa.
Its global headquarters is in Zurich, Switzerland, and it has key operations in markets like Germany, the United States, China, India, Brazil, and the UAE.
The company’s diverse portfolio spans electrification, automation, robotics, and industrial solutions, serving sectors such as energy, utilities, manufacturing, and transportation.
ABB maintains local manufacturing and R&D facilities to cater to regional demands, while its strategic partnerships and focus on sustainability drive its growth in emerging markets.
Recent Developments
- In November 2024, ABB secured an order to supply a hybrid-electric propulsion system for an ocean sampling catamaran for OC San in California.
- In October 2024, ABB opened a $100 million campus in New Berlin, Wisconsin, to expand U.S. production of industrial electric drives and comply with BABAA requirements.
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