Technology

Wireless Charging Market size is set to grow by USD 25.17 billion from 2024-2028, Proliferating demand for electric vehicles boost the market, Technavio

Published

2 years ago

July 4, 2024

NEW YORK, July 4, 2024 /PRNewswire/ — The global wireless charging market size is estimated to grow by USD 25.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 34.28% during the forecast period. Proliferating demand for electric vehicles is driving market growth, with a trend towards backward integration by oems to develop inductive charging systems. However, high installation cost of wireless charging technology poses a challenge. Key market players include Delta Electronics Inc., Energizer Holdings Inc., Energous Corp., etatronix GmbH, Leggett and Platt Inc., LG Electronics Inc., Murata Manufacturing Co. Ltd., Ossia Inc., Powercast Corp., Powermat Technologies Ltd., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Sony Group Corp., Texas Instruments Inc., WiTricity Corp., and ZENS.

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Wireless Charging Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 34.28%

Market growth 2024-2028

USD 25172.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

25.64

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

Europe at 33%

Key countries

US, China, Germany, UK, and Japan

Key companies profiled

Delta Electronics Inc., Energizer Holdings Inc., Energous Corp., etatronix GmbH, Leggett and Platt Inc., LG Electronics Inc., Murata Manufacturing Co. Ltd., Ossia Inc., Powercast Corp., Powermat Technologies Ltd., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Sony Group Corp., Texas Instruments Inc., WiTricity Corp., and ZENS

Market Driver

In the automotive industry, major EV manufacturers like BMW, Audi, and Daimler are expanding their in-house wireless charging solutions for electric vehicles. BMW introduced wireless charging for their i3 and i8 models, while Audi offers an optional inductive charging system for their e-tron model. Approximately 80% of charging occurs at home, making in-house solutions crucial. Audi’s wireless charging system, with a height of 7 cm and a weight of 40 kg, occupies around 6,300 sq.cm. The compatible e-tron model detects the charging plate via a multi-media interface (MMI), and the Z-mover, measuring 60 cm x 60 cm, approaches the vehicle’s bottom when within 1 cm, ensuring 90% charging efficiency. The development of in-house wireless charging systems by automakers is expected to boost the global wireless charging market’s growth during the forecast period.

The Wireless Charging market is experiencing significant growth, driven by trends in Electric Vehicles (EVs), Furniture, Infrastructure, and the Internet of Things (IoT). Long-range wireless charging and bi-directional charging are gaining traction in the Automotive application, enabling fleet electrification and smart city initiatives. Inductive and resonant technologies are leading the market, with Qi standard and Power Matters Alliance setting the wireless charging standard. Receiver segments include consumer electronics, EV owners, and the Defense sector. Semiconductor industry investment in contactless solutions, hygiene awareness, and digital connectivity are fueling market growth. High-speed wireless charging, simultaneous multi-device charging, and various power sources like Morphine, Transmitter, and Receiver components are key market offerings. Urban planning, ICT investment, and environment awareness are also influencing the market ecosystem. The pandemic has accelerated the adoption of wireless charging in various industries, including EVs, consumer electronics, and industrial applications. Companies like PNY Technologies and cordless charger manufacturers are leading the charge in this dynamic market.

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Market Challenges

• The wireless charging market has seen considerable advancements in the last three decades, driven by investments in technology and consumer preferences. However, the implementation of wireless charging technology comes with a higher cost compared to traditional wired systems. This cost difference, which can be as much as 30%, acts as a significant barrier to mass-scale adoption. The high cost is due to the expensive components required for manufacturing and installation. As a result, end-users often opt for wired charging systems, posing a challenge to the growth of the wireless charging market. This cost hurdle may persist during the forecast period.

• The Wireless Charging Market is experiencing significant growth due to increasing demand from various sectors like Automotive, Fleet Electrification, Smart Cities, and Urban Planning. Challenges include developing high-speed wireless charging solutions for Simultaneous Multi-Device Charging, ensuring durability against Wear and Tear, and establishing a universal Wireless Charging Standard. The Semiconductor Industry is investing heavily in Contactless Solutions for Consumer Electronics, EV Owners seek Convenience Factors, and Hygiene Awareness is driving the adoption of Wireless Charging in Healthcare and Industrial settings. Power sources like Morphine and Transmitter-Receiver Components are crucial. Qi-based Charging Stations are common, with companies like PNY Technologies and Samsung Electronics leading the charge. The Defense Sector, Aerospace, and Defense also utilize Wireless Charging through Radio Charging and Resonance Charging. ICT Investment, Environment Awareness, and the Pandemic have further boosted the market. Cordless Chargers are popular in Industrial and Consumer Electronics, while Infineon Technology and LG Electronics are key players.

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Segment Overview

This wireless charging market report extensively covers market segmentation by

Technology 1.1 Inductive1.2 Resonant1.3 Radio frequency1.4 OthersComponent 2.1 Receivers2.2 TransmittersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Inductive- The wireless charging market is growing rapidly as technology advances. Companies like Apple and Samsung have introduced wireless charging in their latest devices. This convenience is driving consumer demand. The market is expected to reach USD40.2 billion by 2025, growing at a CAGR of 21.7% from 2019 to 2025. Key players include PowerMat, Energous, and Witricity. Wireless charging offers freedom from cords and is more efficient than traditional wired charging. It’s a game-changer in the electronics industry.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The wireless charging market is experiencing significant growth due to the increasing adoption of electric vehicles (EVs) and the proliferation of wireless charging technology in various industries. Furniture and infrastructure are integrating wireless charging pads for convenience, with the Qi standard and Power Matters Alliance leading the way. Long-range wireless charging and bi-directional charging are emerging trends, enabling simultaneous multi-device charging and power transfer between devices. The Internet of Things (IoT) is also driving demand for wireless charging in industrial, healthcare, aerospace, and defense applications. The semiconductor industry is playing a crucial role in the development of high-speed wireless charging solutions. EV owners are increasingly opting for Qi-based charging stations and cordless chargers for their convenience. Magnetic resonance and induction are popular wireless charging technologies, with high-speed wireless charging offering faster charging times. However, concerns around wear and tear and the need for standardization remain challenges for the market. Samsung Electronics and Infineon Technology are among the companies driving innovation in this space.

Market Research Overview

The Wireless Charging Market encompasses various applications, including Electric Vehicles (EVs), Furniture, Infrastructure, and Consumer Electronics. This market is driven by advancements in technologies such as Long-range wireless charging, Bi-directional wireless charging, Inductive charging, and Magnetic resonance. The Internet of Things (IoT) and Qi standard are key ecosystems shaping the market. Inductive technology and Resonant technology, along with Radio Frequency technology, are the primary wireless charging technologies. The Receiver segment, including Morphie and PNY Technologies’ cordless chargers, plays a crucial role. Automotive applications, including fleet electrification and smart city initiatives, are significant markets. Urban planning and high-speed wireless charging for Simultaneous multi-device charging are emerging trends. Wear and tear, EV owners’ convenience, hygiene awareness, digital connectivity, and power sources are crucial factors. The Semiconductor industry and ICT investment are significant contributors. The Defense sector, Healthcare, Aerospace and defense, and Samsung Electronics, Infineon Technology, and LG Electronics are key players in this market. Wireless charging standards, contactless solutions, and environmental awareness are essential considerations. The pandemic’s impact on consumer behavior and the rise of electric cars are significant market drivers. Qi-based charging stations and Radio charging, Resonance charging are also gaining popularity.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyInductiveResonantRadio FrequencyOthersComponentReceiversTransmittersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Foresite Named 2026 Google Cloud Security Partner of the Year for North America

Published

4 minutes ago

April 21, 2026

Recognition highlights leadership in practitioner-governed, AI-enhanced security operations

OVERLAND PARK, Kan., Apr. 21, 2026 /PRNewswire/ — Foresite Cybersecurity today announced it has been named the 2026 Google Cloud Security Partner of the Year in the North America category, presented at Google Cloud Next ’26 in Las Vegas.

Foresite named 2026 Google Cloud Security Partner of the Year

Organizations looking to operationalize AI-driven security on Google Cloud can learn more at next.foresite.com.

Foresite delivers fully managed security operations on Google Security Operations (SecOps), enabling customers to detect and respond to threats in seconds, reduce investigation fatigue, and maintain continuous audit readiness without expanding internal teams.

Operating as the human control layer for AI-driven security, Foresite combines Google’s agentic investigation capabilities with practitioner-validated accountability. Every autonomous investigation is reviewed and authorized by a named analyst before response actions are executed, giving customers clear visibility into how decisions are made and risk is managed.

“The Google Cloud Partner Awards honor the strategic innovation and measurable value our partners bring to customers,” said Kevin Ichhpurani, President, Global Partner Ecosystem and Channels, Google Cloud. “We are proud to name Foresite a 2026 Google Cloud Partner Award winner, celebrating their role in driving customer success over the last year.”

As a Google Cloud Premier Partner with Security and MSSP specializations, Foresite delivers managed services through its Catalyst platform — extending Google SecOps with operational governance, automation, and continuous compliance capabilities. Over the past year, the company expanded its SecOps delivery practice while sustaining 96% customer retention, reflecting growing demand for managed, AI-enhanced security operations.

Across its managed services portfolio, Foresite delivers a 90% reduction in mean investigation time and sub-15-second automated threat response for its customers — enabling security teams to focus on strategic risk decisions rather than alert triage.

Foresite’s approach to managed security operations on Google Cloud was the subject of an independent Technical Validation by Enterprise Strategy Group (now part of Omdia), commissioned by Google in August 2025. The report examined how Foresite’s Catalyst platform extends Google Security Operations to deliver threat detection, investigation, and response for organizations at varying levels of security maturity.

“Our Technical Validation of Foresite’s Catalyst platform examined how practitioner-led governance can extend Google Security Operations to deliver measurable detection and response outcomes. Google Cloud’s Partner of the Year recognition independently confirms what our analysis identified — that platform-native expertise, rather than tool access, is what differentiates managed security outcomes for mid-market and enterprise organizations.”— Tony Palmer, Practice Director, Omdia (formerly Enterprise Strategy Group).

“We’re entering an era where AI can investigate threats at machine speed,” said Jeremy Hehl, Chief Evangelist at Foresite. “Enterprise organizations need confidence that those decisions are governed and aligned to real business risk. This recognition from Google Cloud reinforces our focus in helping customers operationalize AI security at scale.”

Foresite is showcasing its Agentic SOC capabilities at Google Cloud Next ’26, demonstrating how security teams can move beyond alert monitoring to govern autonomous response using Google SecOps, Google Threat Intelligence, and AI security controls.

Foresite is purpose-built for organizations that need enterprise-grade security operations without enterprise-scale friction. The company delivers the operational rigor and platform expertise these organizations require to run Google SecOps effectively — without the overhead of building and staffing a full internal SOC.

About Foresite Cybersecurity
Foresite Cybersecurity is a Google Cloud Premier Partner providing managed security operations, compliance automation, and threat intelligence services. Through its Catalyst platform, Foresite helps organizations operationalize AI-driven security with practitioner-led governance and measurable risk reduction. Learn more at foresite.com.

Media Contacts
Claire Simpson Director of Global Brand & Strategic Marketing
Tim Suwandhaputra VP, Go-to-Market
press@foresite.com

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Technology

Tredence Awarded 2026 Google Cloud Global Industry Solutions Partner of the Year Award for Retail

Published

4 minutes ago

April 21, 2026

Trusted for driving the data & AI strategy for 8 of the top 10 retailers, powering $2 trillion in retail revenue

LAS VEGAS and BENGALURU, India, April 21, 2026 /PRNewswire/ — Tredence, a global AI and data science solutions company, today announced it has been named the 2026 Google Cloud Services & Industry Solutions Partner of the Year for Retail. This award reflects Tredence’s demonstrated ability to deliver measurable customer impact at scale. Notably, this is Tredence’s third such distinction, having previously been recognized in CPG and Gaming, a testament to Tredence’s unmatched depth, breadth, and impact across the industries it serves.

For the world’s leading retailers, Tredence has consistently delivered the full AI transformation journey — migrating, modernizing, and deploying scalable AI applications and agents on Google Cloud, powered by Vertex AI and Gemini Enterprise. In FY25, Tredence drove transformative impact across 25+ strategic retail accounts spanning four continents, delivering measurable business outcomes and accelerating Google Cloud adoption at unprecedented scale. Tredence’s impact has been defined by three core motions:

Modernization at scale, building agentic foundations – Tredence executed some of the world’s most complex retail cloud migrations, including the largest-ever cloud migration in retail history, migrating 12 petabytes of data for 40,000+ analytics users with 100% operational continuity, and a landmark platform overhaul delivered ahead of schedule, reducing total cost of ownership by 20–40% and building the unified data foundations that power agentic AI at scale.Accelerating agentic AI adoption – Tredence deployed 100+ AI/ML accelerators, including 10+ retail-specific multi-agent systems built on Vertex AI and Gemini Enterprise, eliminating up to 70% of manual effort, automating up to 98% of manual ticketing processes, and cutting temporary labor costs by 20%, compressing months of deployment into weeks across some of the most complex retail environments in the world.Delivering global impact at measurable scale – Tredence drove transformative outcomes across every retail format and across geographies unifying supply chain data across 20,000+ stores to automate retail media insights, deploying a full agentic platform in just 6 months for a major wholesale retailer, and delivering greenfield Google Cloud wins, proving that the Tredence and Google Cloud partnership delivers measurable impact across every retail segment and scale of ambition.

“The Google Cloud Partner Awards honor the strategic innovation and measurable value our partners bring to customers,” said Kevin Ichhpurani, President, Global Partner Ecosystem and Channels, Google Cloud. “We are proud to name Tredence a 2026 Google Cloud Partner Award winner, celebrating their role in driving customer success over the last year.”

“Winning Google Cloud’s Retail Partner of the Year reflects one thing: the outcomes we deliver for the world’s most admired retailers, consistently and at scale,” said Amanpal Dhupar, Vice President, Head of Retail at Tredence. “We are the trusted Data and AI partner for 8 of the top 10 global retailers and have built a team of world-class retail practitioners, a proprietary accelerator ecosystem powering over $2 trillion in global retail sales, and a last-mile operationalization capability.”

Tredence recently launched its Transformative Agentic Commerce Solution Accelerators at NRF 2026. Built on Google Cloud services, these accelerators can be customized for each retailer to address unique needs and deliver faster time-to-value.

Tredence will showcase these capabilities at Google Next, Booth #2911, at the Mandalay Bay Convention Center in Las Vegas.

About Tredence:

Tredence is a global AI and data science solutions provider focused on solving the last-mile problem in AI, the gap between insight creation and value realization. Tredence leverages deep domain expertise, data platforms and accelerators, and strategic partnerships to provide tailored, cutting-edge solutions to its clients. The company has 4,200+ employees across the San Francisco Bay Area, Chicago, Riyadh, London, Toronto, and Bengaluru, serving top brands in Retail, CPG, Hi-tech, Telecom, Healthcare, Travel, and Industrials.

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Technology

dbt Labs Wins a 2026 Google Cloud Partner of the Year Award

Published

4 minutes ago

April 21, 2026

PHILADELPHIA, April 21, 2026 /PRNewswire/ — dbt Labs, the leader in standards for AI-ready structured data, announced today that it has received the 2026 Google Cloud Partner of the Year award for Data and Analytics: Data Pipelines and Governance. dbt Labs works together with Google Cloud to provide the foundation for an organization’s transition to AI leadership and innovation. The combination of rich data warehousing capabilities and the democratization of complex data transformation removes technical barriers, enabling analysts and business leaders to accelerate their time-to-value.

dbt Labs is being recognized for its achievements in the Google Cloud ecosystem, helping joint customers manage data at scale on Google Cloud and turn it into trusted, actionable insights with speed and efficiency. Thousands of organizations run dbt on Google BigQuery globally, an integration designed to accelerate the delivery of trusted analytics and AI. By consolidating data transformation into a single, unified tool, joint customers quickly gain increased operational efficiency through advanced orchestration features. dbt Labs empowers customers to manage and trust results, ensuring high-quality data is ready to power analytics and AI initiatives both today and in the future.

“Every AI strategy needs to be underpinned by a standardized foundation and process to control, govern and document progress for high-quality, trusted results,” said Shawn Toldo, Vice President, Worldwide Partner Ecosystem at dbt Labs. “Together, dbt Labs and Google Cloud enable organizations to build that foundation for an AI-ready future. We are excited for the recognition and growing partnership with Google.”

“The Google Cloud Partner Awards honor the strategic innovation and measurable value our partners bring to customers,” said Kevin Ichhpurani, President, Global Partner Ecosystem and Channels, Google Cloud. “We are proud to name dbt Labs a 2026 Google Cloud Partner Award winner, celebrating their role in driving customer success over the last year.”

This recognition is the latest example of dbt Labs’ momentum since launching on Google Cloud Marketplace one year ago. The partnership’s trajectory is driven by extensive global adoption and usage across diverse industries and a rapidly expanding community of active practitioners. Additionally, dbt Labs’ partner team earned two Google Partner All Star awards, reinforcing the deep collaboration and commitment to driving mutual success.

By bringing Google AI capabilities into dbt workflows, joint customers gain the trustworthy, well-documented, governed foundation that reliable analytics and AI demand. To learn more about how dbt Labs and Google Cloud are enabling AI-ready data pipelines, watch the on-demand webinar “Building dbt Models Faster with Google AI” at https://www.getdbt.com/confirmation/building-dbt-models-faster-with-google-ai-recording.

About dbt Labs
Since 2016, dbt Labs has been on a mission to help data practitioners create and disseminate organizational knowledge. dbt is the standard for AI-ready structured data. Powered by the dbt Fusion engine, it unlocks the performance, context, and trust that organizations need to scale analytics in the era of AI. Globally, more than 80,000 data teams use dbt, including those at Siemens, Roche and Condé Nast.

Learn more at getdbt.com, and follow dbt Labs on LinkedIn, X, Instagram, and YouTube.

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SOURCE dbt Labs