Wireless Charging Market Size, Growth, Industry Analysis 2027

The global wireless charging market size was valued at USD 6,514.2 million in 2018 and is projected to reach USD 49,304.1 million by 2027, growing at a CAGR of 23.4% from 2020 to 2027.

Wireless charging is the transmission of energy from a power source to a consuming device without wires or cables. These devices comprise a charging station (or transmitter) that transmits the energy and a receiver (integrated inside a device) that receives the energy and charges the battery

View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-1E103/wireless-charging

Mostly wireless power transfer is generally utilized in electronic devices such as smartphones, laptops, wearable electronics, and portable devices. Such a rise in the adoption of an efficient charging system for portable electronics and wearable, which can potentially increase the durability of the device is projected to ensure significant growth of the electronics wireless charging market. In addition, IoT is gaining popularity and is considered as the third wave of technology. Moreover, wireless charging is the primary requirement of portable electronics products targeted by IoT such as smartphones, digital cameras & camcorders, laptops & tablets, wearable electronics, and household electronics. Therefore, the increase in the popularity of the IoT market is expected to pose an opportunity for the wireless charging market.

Inquire for Sample Report : https://reports.valuates.com/request/sample/ALLI-Auto-1E103/Wireless_Charging_Market

The key players operating in the market are Samsung Electronics Co., Ltd., Qualcomm Incorporated, Texas Instruments, Inc., Integrated Device Technology, Inc., Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings, Inc., Murata Manufacturing Co. Ltd., Sony Corporation, and Fulton Innovation LLC. These companies adopt several growth strategies such as new product launch to increase their wireless charging market share

The increase in sales of electric vehicles (EVs), the constant development of portable electronics and wearables market, and frequent need for harvesting ambient RF energy are expected to drive the wireless charging market during the forecast period. However, expensive technology for its integration and slower charging compared with other charging technologies are probable restraining factors for the wireless charging market. Moreover, excessive research in far-field wireless charging technologies and trending Internet of Things (IoT) are expected to offer lucrative opportunities for the vendors operating in the wireless charging industry in the near future.

INCREASE IN SALES OF ELECTRIC VEHICLES (EVs)

EVs offer multiple advantages such as reduced fuel (petrol, diesel, and gas) consumption and emissions from the tailpipe, fuel wireless charging market growth. Wireless charging for an electric or plug-in hybrid vehicle is certain to become ubiquitous in a short period of time. Recently, in Germany on May 28, 2018, BMW launched its wireless electric car charging system. This system allows a vehicle to park over the inductive charging station followed by a simple push of the Start/Stop button to initiate the charging. Once the battery is fully charged, the system switches off automatically. The GroundPad is installed in a garage or outside to connect to the vehicle’s charging system over a distance of around eight centimeters through a magnetic field. In addition, the demonstration is done on an electric vehicles with the use of a wirelessly charged inductive device in Satory Versailles, France. This technology has a dynamic electric vehicle charging system and is developed by Qualcomm, Renault and French mobility, which enable electric cars to charge their batteries while on the move. Such latest in trend is expected to significantly drive the wireless charging market in the near future

BY TECHNOLOGY

o Inductive
o Resonant
o RF
o Others (Laser and Microwave)

BY INDUSTRY VERTICAL

o Electronics
o Automotive
o Industrial
o Healthcare
o Aerospace & Defense

KEY PLAYERS

o Samsung Electronics Co., Ltd.
o Qualcomm Incorporated
o Texas Instruments, Inc.
o Integrated Device Technology, Inc.
o Powermat Technologies Ltd.
o WiTricity Corporation
o Energizer Holdings, Inc.
o Murata Manufacturing Co. Ltd.
o Sony Corporation
o Fulton Innovation LLC

Other players in the value chain include (profiles not included in the report)

o NXP Semiconductors
o Panasonic Corporation
o Bavarian Motor Works
o Nissan Motor
o Convenient Power HK Limited

Valuates Reports
sales@valuates.com
For U.S. Toll Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91-9945648335

Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports/

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

This release was published on openPR.