Global Wireless charging Market is valued approximately USD 3.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 24.6 % over the forecast period 2021-2027. Electromagnetic induction is used in wireless chargers to transfer power from one device to another via a charging station. It has a wide range of uses in a variety of industries and sectors, including automobiles, healthcare, and manufacturing. Wearable technology, such as fitness trackers and smartwatches, is growing in popularity, propelling the sector forward. Wireless battery charging is becoming more common in these devices since it eliminates the need for exposed connectors or cords. Due to the integration of wireless charging technology, wearable device manufacturers may now create completely sealed, waterproof, and small models. For Instance: OnePlus confirmed Warp Charge 30 wireless charging functionality with the OnePlus 8 series debut in April 2020. The business has created the Warp wireless direct charging architecture, which enables real-time communication between the smartphone and the customized chip and wireless charger. Also, with the technological advancements in Wireless charging is likely to increase the market growth during the forecast period. However, high costs impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Wireless charging market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increased improvements in the automotive, consumer electronics, and medical device industries have prompted manufacturers to invest substantially in wireless charging, resulting in the industry gaining pace in the region. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027.
Major market player included in this report are:
- ENERGIZER HOLDINGS, INC
- FULTON INNOVATION LLC
- RENESAS ELECTRONICS CORPORATION (INTERATED DEVICE TECHNOLOGY, INC.)
- MURATA MANUFACTURING COMPANY, LTD.
- POWERMAT TECHNOLOGIES LTD
- QUALCOMM TECHNOLOGIES, INC
- SAMSUNG ELECTRONICS CO., LTD.
- SONY CORPORATION
- TEXAS INSTRUMENTS INC
- WITRICITY CORPORATION
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- By Technology:
- Magnetic Resonance
- Radio Frequency
- By Implementation:
- By Application:
- Consumer Electronics
- By Region:
- North America
- Asia Pacific
- South Korea
- Latin America
- Rest of the World
- North America
Furthermore, years considered for the study are as follows:
- Historical year – 2018, 2019
- Base year – 2020
- Forecast period – 2021 to 2027
Target Audience of the Global Wireless charging Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers