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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SOURCE Technavio

Technology

Monnit Introduces NIST Detachable Leads to Streamline Compliance Monitoring

Published

31 minutes ago

June 18, 2026

New hot-swappable lead architecture reduces downtime, simplifies recertification, and helps organizations maintain continuous monitoring.

SALT LAKE CITY, June 18, 2026 /PRNewswire/ — Monnit announced new NIST Standard and Low Temperature and Humidity Detachable Leads for compatible ALTA® Sensor Bases designed to simplify sensor recertification, reduce downtime, and support continuous compliance monitoring.

“Organizations shouldn’t have to choose between maintaining compliance and operational continuity,” said Brad Walters, Founder and CEO of Monnit. “Our detachable lead architecture allows customers to hot-swap certified leads in minutes while preserving traceability and keeping trusted monitoring programs running.”

Each NIST Detachable Lead is uniquely calibrated and designed to support traceability requirements aligned with the National Institute of Standards and Technology (NIST) standards.

Rather than removing and shipping an entire sensor for recertification, customers can disconnect only the lead, connect a certified replacement, and send the original lead for recalibration. This approach is ideal for pharmaceuticals, healthcare facilities, laboratories, food storage operations, manufacturing environments, and other applications that require calibration records.

In addition to these hot-swappable, removable leads or cables with probes, we offer short Monnit Standard Temperature and Humidity Detachable Non-Leaded Probes that you can connect to compatible sensor bases.

Each NIST Detachable Lead or Probe connects to compatible ALTA Industrial and Enterprise Sensor Bases via sealed, keyed M8 6-pin connectors designed for field installation. Embedded memory within the lead stores unique lead and sensor identification, calibration data, certification information, and traceability records.

Key features and benefits include:

Hot-swappable lead replacement that minimizes downtime and monitoring interruptionsNIST-traceable calibration support and ISO 17025-accredited lab certificationSupport for FDA 21 CFR Part 11 workflows and audit programsAutomatic synchronization of calibration information with iMonnit® SoftwareLogging of lead connection and disconnection events in iMonnitHot-swapping capability while powered on or off for easier servicing

Monnit and its accredited lab partner, Sensor Calibrations, provide 25-month certificates for NIST Detachable Standard Temperature Leads and 13-month certificates for NIST Detachable Low Temperature and Humidity Leads.

Compatible ALTA Sensor Bases automatically recognize connected lead types and maintain digital maintenance records, helping organizations avoid monitoring gaps caused by traditional recertification.

About Monnit Corporation
The origin story of the Internet of Things (IoT) begins with Monnit. Before our inception in 2010, we were already at the forefront of embedding technology into machines and devices to enable them to talk and deliver valuable data to business leaders. Monnit Remote Monitoring Solutions for nearly any industry use case have delivered 72B+ data points in 130+ countries for 90K+ customers. Monnit’s 80+ long-range IoT sensors remotely monitor many conditions such as temperature, light, humidity, water, vibration, pressure, and more. You can analyze data using iMonnit cloud software and get alerts via email, text, push notification, or call when our sensors detect a change you should know.

Media Contact:
David Hill
Marketing Communications
801-505-8172
417089@email4pr.com

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SOURCE Monnit

Technology

Monnit Introduces NIST Detachable Leads to Streamline Compliance Monitoring

Published

31 minutes ago

June 18, 2026

New hot-swappable lead architecture reduces downtime, simplifies recertification, and helps organizations maintain continuous monitoring.

Each NIST Detachable Lead is uniquely calibrated and designed to support traceability requirements aligned with the National Institute of Standards and Technology (NIST) standards.

Key features and benefits include:

Compatible ALTA Sensor Bases automatically recognize connected lead types and maintain digital maintenance records, helping organizations avoid monitoring gaps caused by traditional recertification.

Media Contact:
David Hill
Marketing Communications
801-505-8172
417089@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/monnit-introduces-nist-detachable-leads-to-streamline-compliance-monitoring-302803906.html

SOURCE Monnit

Technology

deepset Joins HPE’s Unleash AI Program to Accelerate Sovereign Agentic AI

Published

31 minutes ago

June 18, 2026

SAN JOSE, Calif., June 18, 2026 /PRNewswire/ — deepset, the company behind Haystack, the production-ready open-source AI agent framework and platform, today announced it has joined the HPE Unleash AI partner program to help government, defense, and regulated enterprises deploy production-grade AI systems in sovereign, self-hosted, and air-gapped environments.

As part of the collaboration, deepset will leverage the Haystack Enterprise Platform, deepset’s platform for building, orchestrating, and governing AI agents and applications, and HPE’s AI ecosystem and infrastructure portfolio to help organizations rapidly identify and operationalize high-value AI use cases while reducing deployment complexity and risk. This enables customers to access AI-ready infrastructure, strategic guidance, and accelerated pilot execution to address their most challenging AI adoption and operationalization needs.

Together, the companies enable organizations to deploy AI agents, multi-agent systems, and Retrieval-Augmented Generation (RAG) applications on self-hosted, sovereign, and air-gapped infrastructure while maintaining full ownership over sensitive and classified data, models, and AI operations.

Customers can leverage the joint architecture to operationalize governed AI applications faster while maintaining the security, compliance, and deployment flexibility required for sovereign and mission-critical environments.

The HPE Unleash AI partner program is a curated ecosystem, combining ISV solutions that go through comprehensive validation testing with engineered HPE AI systems, including HPE Private Cloud AI and the broader HPE AI Factory with NVIDIA solutions, to deliver the performance, security, and scalability enterprises need for production AI. By joining the program, deepset expands access to governed AI platform capabilities designed for organizations operating in highly regulated environments, including public sector, defense, cybersecurity, and enterprise industries.

The Haystack Enterprise Platform enables organizations to:

Build and govern AI agents, multi-agent systems, and RAG applicationsDeploy AI on self-hosted, private cloud, and air-gapped infrastructureOrchestrate modular AI pipelines across models, databases, and enterprise systemsEnforce governance, auditability, and lifecycle management for production AISupport sovereign AI initiatives aligned with European and national security requirements

The collaboration builds on deepset’s experience supporting sovereign AI initiatives with organizations including the European Commission, the German Ministry of Research, Technology and Space (BMFTR), and other government, defense, and enterprise organizations deploying sovereign AI systems under strict governance and security requirements.

“With agentic AI moving into operational deployment, organizations need infrastructure and AI platforms they can control and trust,” said Milos Rusic, CEO and co-founder of deepset. “The challenge is getting agentic systems into production while maintaining control over infrastructure, governance, and sensitive data. Together with HPE, we’re helping customers deploy governed AI systems faster across highly regulated and mission-critical environments.”

Use cases supported through the joint architecture include:

Sovereign AI platform for public sector & regulated industry institutionsSovereign AI intelligence and decision-support systems for classified operationsCybersecurity investigation and threat analysisAI agents for technology, manufacturing, research, legal, and financial workflows

“The Unleash AI program is designed to help organizations deploy AI solutions faster and with greater operational confidence,” said Robin Braun, Vice President of AI Business Development, Hybrid Cloud, HPE. “Together, HPE and deepset are delivering secure, governed AI solutions that combine enterprise-grade infrastructure with flexible and governed AI agent capabilities to help customers operationalize AI across hybrid, sovereign, and classified environments.”

For more information, visit https://www.deepset.ai

About deepset

deepset is the company behind Haystack, the leading open-source framework and platform for building production-grade AI applications and agentic systems. deepset enables enterprises and public sector organizations to develop, deploy, and govern flexible AI applications powered by their choice of large language models, enterprise data, infrastructure, and governance policies across cloud, hybrid, and sovereign environments.

Media Contact
Steph McGuirk
417109@email4pr.com
845.269.8868

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SOURCE deepset