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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

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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.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

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. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

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.

For more insights on driver and challenges – Request a sample report!

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

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Travelgate and Mize Announce Strategic Alliance to Launch SmartRate Integration, Boosting Booking Profitability for Global Partners

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MALLORCA, Spain and TEL AVIV, Israel, May 19, 2025 /PRNewswire/ — On the heels of ConX 2025, Travelgate’s flagship industry event kicking off next week, Travelgate, the leading Connectivity Marketplace in the travel industry, and Mize, the global leader in fintech-based travel products, are excited to announce a strategic alliance.

 

 

This collaboration brings Mize’s innovative SmartRate product to Travelgate’s extensive global network of travel partners. SmartRate maximizes margins at the booking moment by automatically securing the best available rate and transforming booking flow disruptions into profit, all without manual intervention.

This marks a significant step forward in Travelgate’s commitment to delivering value-added tools to both Buyers and Sellers on its platform. The implementation of SmartRate will enable Travelgate’s clients to maximize their margins, recover from connectivity disruptions, and secure the lowest-cost bookings in real time, all while maintaining a seamless user experience.

Optimizing Margins in Real Time

SmartRate seamlessly integrates into the booking process to automatically scan and apply the lowest available rate across the travel seller’s own inventory and Mize’s extensive Partners Network. This allows Travelgate-connected partners to unlock new revenue opportunities by:

Recovering errored bookings through smart reprocessing
Maximizing profit margins with intelligent rate scanning at the booking moment
Enhancing booking reliability through improved search performance and distribution rules
Leveraging Mize’s advanced room mapping and external source integration for expanded inventory access

“This partnership brings together the strengths of two platforms built on innovation and efficiency,” said Dor Krubiner, CEO at Mize. “We’re thrilled to collaborate with Travelgate to offer their partners a tool that not only improves operational resilience but also drives profitability with every booking.”

Reinforcing Travelgate’s Mission of Seamless Connectivity

Travelgate is trusted by hundreds of leading brands in the travel industry including Expedia, Agoda, Hotelbeds, and British Airways Holidays. By integrating SmartRate, Travelgate continues to expand its offerings to help partners simplify operations, accelerate time-to-market, and maximize performance across their connections.

“Our platform was built to remove complexity and open up opportunity,” said Pedro Camara, CEO at Travelgate. “SmartRate fits perfectly with that vision, it’s a natural addition that empowers our clients to get more out of every booking.”

Mize at ConX 2025

Mize will be sponsoring this year’s AfterX 2025, Travelgate’s annual event that brings together key players from across the travel industry. Attendees will have the opportunity to explore SmartRate in action, meet the Mize team, and discover how this powerful integration can transform booking profitability and operational resilience across platforms.

As part of the event, Mize CEO Dor Krubiner will be featured as a speaker on one of the top keynote panels: The New Wave of Growth Strategies in B2B Travel, sharing insights on innovation, automation, and the future of travel tech.

About Travelgate

Travelgate, part of Travelsoft Group, is a next-generation Connectivity Marketplace that enables travel agencies, OTAs, Bedbanks, DMCs, and tour operators to connect seamlessly through one single API. Buyers gain real-time access to a broad range of Sellers with one integration, while Sellers benefit from exposure to a vast global distribution network.

Through tools like the Travelgate APP, users can manage connections, monitor performance, generate smart reports, and get instant support—all in one centralized, intuitive platform.

For more information, visit https://www.travelgate.com.

About Mize

Mize is a global leader in fintech-based solutions, offering AI-driven tools that create extra profit for the hotel booking industry through its fully automated proprietary technology and has generated hundreds of millions of dollars in revenue for its partners across its suite of products. With a clear focus on innovation and customer success, Mize serves over 250 clients worldwide, helping them optimize performance and achieve their goals.

For more information, visit https://mize.tech.

Photo: https://mma.prnewswire.com/media/2690586/Travelgate_Mize.jpg

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Ishan Technologies selects AMD to Power Sovereign Cloud Infrastructure

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 Supporting India’s digital infrastructure push with secure, scalable computing for HPC and AI workloads

MUMBAI, India, May 19, 2025 /PRNewswire/ — Ishan Technologies, a leading ICT and digital connectivity platform, has chosen AMD to power its Tier-3 Mumbai Data Center with 4th Gen AMD EPYC™ processors. This collaboration strengthens India’s cloud and AI-ready infrastructure, delivering high-performance, secure, and scalable solutions. By integrating cutting-edge AMD EPYC processors, Ishan Cloud empowers enterprises across BFSI, ITeS, and manufacturing industries, as well as GCCs and government organizations, to meet India’s data localization requirements and drive AI-led digital transformation.

As cloud adoption accelerates, enterprises increasingly require resilient and compliant digital infrastructure capable of supporting mission-critical applications, AI-driven workloads, and edge computing. Ishan DC 1 integrates high-density computing and energy-efficient architecture, ensuring superior performance, reduced operational costs, and adherence to regulatory requirements. It is engineered to support workloads spanning artificial intelligence (AI), machine learning (ML), and low-latency use cases crucial to enterprise digital transformation.

Powered by 4th Gen AMD EPYC processors, Ishan Cloud delivers scalable, energy-efficient computing for data-intensive workloads. The high core density and performance efficiency of these processors enable seamless execution of AI, real-time analytics, and high-frequency financial transactions. By optimizing performance per watt, Ishan Cloud ensures lower operational costs while maintaining high throughput and reliability. This makes it an ideal choice for enterprises looking to enhance computing performance without compromising on efficiency or compliance.

Mr. Pinkesh Kotecha, CMD, Ishan Technologies, said, “Cloud infrastructure is at the core of India’s digital transformation, and enterprises today demand more than just scalability – they need security, compliance, and high-performance compute. Through our collaboration with AMD, Ishan Cloud delivers cutting-edge cloud solutions that enhance efficiency while meeting India’s data sovereignty requirements.”

Vinay Sinha, Corporate Vice President, AMD India, added, “AMD is powering the future of cloud infrastructure in India with high-performance, energy-efficient computing. Our 4th Gen AMD EPYC processors equip Ishan Cloud with the scalability and security features needed for AI, analytics, and mission-critical workloads. As India accelerates its digital transformation, our leadership in high-performance computing is enabling data centers like Ishan’s to deliver secure, scalable, and future-ready cloud solutions – supporting enterprises in building AI-driven, compliant, and high-performance ecosystems.”

With rising cloud adoption across regulated industries, Ishan Cloud differentiates itself by offering:

Cloud-enabled SD-WAN & SASE for secure, seamless connectivityNOC & SOC as a Service for real-time monitoring and threat detectionSupport for edge applications to power AI-driven and low-latency workloads

As India strengthens its focus on data localization and AI-driven innovation, Ishan Cloud is empowering businesses with greater control, security, and efficiency, supporting the nation’s rapid digital and economic growth.

About Ishan Technologies

Ishan Technologies is a leading ICT and digital connectivity platform with a Pan-India presence, delivering cloud, network, cybersecurity, and communication solutions. With 100+ offices and 500+ edge and PoP locations, it provides secure and scalable digital infrastructure to enterprises, BFSI, ITES, and government organizations. With over 20 years in system integration and ISP solutions, Ishan is CMMI Level 3 appraised by KPMG for quality and assurance, reinforcing its commitment to excellence in service delivery.

AMD, the AMD Arrow logo, EPYC, and combinations thereof are trademarks of Advanced Micro Devices, Inc.

 

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New initiative delivers CPR education through ADP Mobile Solutions app to build Nation of Lifesavers™

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ADP supports American Heart Association goal to prepare more workers to respond to cardiac emergencies

DALLAS and ROSELAND, N.J., May 19, 2025 /PRNewswire/ — With more than 10,000 cardiac arrests occurring annually in U.S. workplaces1, ADP, a global technology company providing human capital management (HCM) solutions, is supporting the American Heart Association to expand CPR education across the workforce. By integrating information about Hands-Only CPR training into the ADP Mobile Solutions app, the organizations are helping millions of employees nationwide be ready to act in an emergency.

 

Cardiac arrest can happen to anyone, anywhere — and immediate CPR can double or triple a person’s chance of survival. Yet according to the American Heart Association, a global force changing the future of health of all, seven in 10 Americans say they feel powerless to act during a cardiac emergency2. Through this initiative, ADP, which pays one in six workers in the United States, is empowering its clients and associates with lifesaving education at scale.

“Increasing access to modern, accessible CPR education is critical to saving more lives from cardiac arrest,” said Nancy Brown, chief executive officer of the American Heart Association. “Through Nation of Lifesavers, we aim to double the survival rate from sudden cardiac arrest by 2030. With this support from ADP, we can bring lifesaving skills directly to the fingertips of millions of workers.”

The program, which is optional to clients, offers ADP Mobile Solutions users a simple two-step learning opportunity: watch a 60-second Hands-Only CPR video, then complete a four-question assessment. After completing the assessment, users receive a digital Nation of Lifesavers badge to recognize their commitment to helping save lives. Since piloting this feature in ADP Mobile Solutions in Fall 2024, more than 160,000 users have already engaged in the Hands-Only CPR mobile education, with the potential to reach the app’s 14 million active monthly users, as the availability expands.

“Every decision we make is centered on helping people thrive at work and in life,” said Maria Black, president and CEO of ADP. “Through technology and human-centered innovation, we are proud to support the work of the American Heart Association in building a stronger chain of survival across the workplace.”

In addition to the mobile learning, ADP is hosting in-person Hands-Only CPR and automated external defibrillator (AED) training sessions at 18 of its office locations nationwide. The company aims to educate its associates on Hands-Only CPR and AED use through over 100 sessions in 2025 and early 2026. ADP’s commitment to cardiac health extends beyond the office. For the past four years, ADP associates have also participated in American Heart Association Heart Walk events across the country to raise awareness and funds for heart health.

Hands-Only CPR, which involves chest compressions without rescue breaths, is effective for teens and adults who experience sudden cardiac arrest. Immediate action — including the use of an AED when available — can dramatically increase the chance of survival.3  However, only half of workers can locate an AED at their workplace today, according to the Association.

To learn more about how you can become part of the Nation of Lifesavers and help build a world where everyone is prepared to save a life, visit heart.org/nation.

To view media assets including videos, B-roll and images, please click here.

About ADP (NASDAQ: ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com.

About the American Heart Association
The American Heart Association is a relentless force for a world of longer, healthier lives. Dedicated to ensuring equitable health in all communities, the organization has been a leading source of health information for more than one hundred years. Supported by more than 35 million volunteers globally, we fund groundbreaking research, advocate for the public’s health, and provide critical resources to save and improve lives affected by cardiovascular disease and stroke. By driving breakthroughs and implementing proven solutions in science, policy, and care, we work tirelessly to advance health and transform lives every day. Connect with us on heart.org, on Facebook and X or by calling 1-800-AHA-USA1.

1 American Heart Association AED Fact Sheet
2 2024 CPR Perceptions Survey, conducted for the American Heart Association. Available upon request.
3 Panchal AR, Bartos JA, Cabañas JG, Donnino MW, Drennan IR, Hirsch KG, Kudenchuk PJ, Kurz MC, Lavonas EJ, Morley PT, O’Neil BJ, Peberdy MA, Rittenberger JC, Rodriguez AJ, Sawyer KN, Berg KM; on behalf of the Adult Basic and Advanced Life Support Writing Group. Part 3: adult basic and advanced life support: 2020 American Heart Association Guidelines for Cardiopulmonary Resuscitation and Emergency Cardiovascular Care. Circulation. 2020;142(suppl 2):S366–S468. doi: 10.1161/CIR.0000000000000916

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SOURCE ADP, Inc.

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