More than 6 billion wireless chargers are expected to ship over the next five years, a staggering growth rate spurred on by Apple's entry into the market with the iPhone 8 and X and its failure – so far – to produce its promised AirPower pad, according to a new report.

Annual unit shipments for wireless power receivers and transmitters across all applications are forecast to grow from 450 million units in 2017 to more than 2.2 billion units in 2023, according to IHS. Cumulatively more than six billion receiver units and 2.7 billion transmitter units are expected to ship between 2018 and 2023.

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