As per this study the Global Wireless Charging Market was valued USD 6.72 BN (by revenue) in 2022 and is anticipated to reach USD 40.57 BN by 2030 with a CAGR of 25.2%.
Wireless charging or inductive charging is referred to as an electronic device that offers wireless power transfer through electromagnetic induction. It consists of a charging station that transmits energy whereas the receiver receives energy and promotes charging. It is used to charge low power applications such as smart phone, laptops, headsets, speakers and other handheld devices along with higher power consuming devices such as robots and electric cars.
Market Dynamics
The growing acceptance of smartphones, camera, laptops, portable and wearable device is driving the market growth majorly. Increase in demand for electric vehicles owing to stringent regulation to curb carbon emissions is fueling the demand of wireless charging. Also, the growing integration of IoT services is further contributing the market growth. On the flip side, higher cost and slow charging may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of wireless charging.
Market Segmentation
The broad wireless charging market has been sub-grouped into technology and industry vertical. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Component
By Technology
- Inductive
- Resonant
- Radio Frequency
- Others
By Application
- Automotive
- Consumer Electronics
- Industrial
- Healthcare
- Defense
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for wireless charging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Wireless Charging Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Wireless Charging market include Samsung Electronics, Energous Corporation, Powermat Technologies, Ossia Inc., WiTricity Corporation, Plugless Power LLC, Powercast Corporation, ConvenientPower HK Ltd., Texas Instruments Inc., Semtech Corporation, Renesas Electronics Corporation, Belkin International Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.