Wireless Charging Market Report 2019 Foresees the Market to reach USD 33 BN by 2026
Posted On March 19, 2020
The Global Wireless Charging Market value will grow to USD 33 BN in 2026 from the market value of USD 12.5 BN in 2019 at a CAGR of 15% during the study period of 2020-2026, as stated in the published report by Value Market Research. The wireless charging technology is mostly used for electronics as mentioned above. The use of electronics especially mobiles and other devices, has increased considerably in the past few years and that has been acting as a major driver for the growth of the market for wireless charging technology. The other driver is the rise of AI systems and the growing popularity of the IoT based systems. These are the major technologies that are highly involved in the development of wireless charging. As a result of growth in the market for AI and IoT, the market for wireless charging is also increasing exponentially. Since the population has become overly dependent on electronics, the wireless charging technology has evolved into a primary need for most of the people. Hence it can be said that the market for wireless charging is going through a boom and will only increase shortly.
The world is witnessing many technological advancements since the last few years and smartphones have been the electronic devices that have been a major driver for this market. Now with the rising developments in the smartphone and other electronic devices market, another aspect got a major boost and that was wireless charging. Wireless charging simply refers to the transmission of electrical energy from a source to a device without the use of a wire. Wireless chargers are very helpful for the present demography of the world as most of the people are using their phones and computers all the time. Since this eliminates the extra cost of a cable or a wire.
The report "Global Wireless Charging Market Report By Technology (Inductive, Resonant, Radio Frequency And Others), Industry Vertical (Electronics, Automotive, Industrial, Healthcare And Aerospace & Defense) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" initially provides the market overview, executive summary followed by detailed revenue analysis bifurcated by segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The Wireless Charging market opportunities are useful to identify the profit centers and take the strategic decision accordingly.
On the basis of technology the market is divided into inductive, resonant, radio frequency and others.
By industry vertical the market is divided into electronics, automotive, industrial, healthcare and aerospace & defense.
Regionally, the report is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In this section of the report the data related to all the segments are analysed as per regions.
The Report Segments Global Wireless Charging Market -
- Radio Frequency
By Industry Vertical
- Aerospace & Defense
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Energizer Holdings, Inc., Fulton Innovation Llc, Murata Manufacturing Company, Ltd., Powermat Technologies Ltd., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Sony Corporation, Texas Instruments Inc. and Witricity Corporation.
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