The Europe wireless charging market is predicted to rise with a CAGR of 38.20%, generating the third-highest revenue share by the end of the forecast period of 2019-2027 in the global market.
Wireless Charging market has huge potential in the consumer electronics sector which includes smartphones, tablets, laptops, PCs, etc. Most of the wireless charger manufacturers are inclining towards these portable rechargeable electronic devices since they need frequent charging. Thus, it is safe to say that consumer electronics is a key end-user for this market. In recent years, the market has also found a huge scope in medical equipment and electric vehicles, generating potential growth opportunities for the market expansion. The market is highly fragmented, and its segments are based on technology, applications, and components. However, aspects like additional costs related to wireless charging and the continuous technological changes in the market might prove challenging for the market growth.
Integrated Device Technology Inc., Apple Inc., Oregon Scientific Inc., Convenient Power HK Limited, Qualcomm Inc., Powermat Technologies Ltd., Texas Instruments Inc., Murata Manufacturing Co., Ltd., Kube Systems, Energizer Holdings, Inc., TDK Corporation, Samsung Electronics Co., Ltd., Infineon Technologies AG, NXP Semiconductor N.V., and WiTricity Corporation are some of the well-known players in the market.