Global wireless phone charging  Market: Driving Factors and Current Pandemic Challenges Analysis till 2030

The global wireless phone charging market accounted for US$ XXX billion in 2020 and is estimated to be XXX billion by 2030 and is anticipated to register a CAGR of XX.X%. The report. "Global Wireless Phone Charging Market, By Technology (Inductive, Resonant, and Radio Frequency (RF)), By Industrial Vertical (Electronics, Automotive, Industrial, Healthcare, and Aerospace & Defense), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

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Analyst View:

Technological advancement

Rising demand smart wearables integrated with advanced charging systems along with laptops and smartphones is driving growth of the target market. Additionally, technological advancements in electronic devices resulting to miniaturization of products is also boosting growth of the global market. Manufacturers involved in the target market are focusing their approach towards deployment of wireless charging facility in vehicles. Moreover, government expenditure on infrastructure development of vehicle charging stations is further projected to influence growth of the global wireless charging market. Increasing R&D activities and technological advancements by major players is anticipated to create new opportunities in terms of revenue to players operating in the global wireless charging market in the coming years. Humavox Company has developed a trend of charging the devices wirelessly called drop & charge in which the charge station is defined as a box, or key, and the receiver needs to be pressed on transmitter by an induction charging. Such advantages prove helpful to the customer with better product usability, designing, and reliability. Increase in demand for efficient charging system is projected to expressively drive the growth of the wireless charging market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Wireless Phone Charging Market”, By Technology (Inductive, Resonant, and Radio Frequency (RF)), By Industrial Vertical (Electronics, Automotive, Industrial, Healthcare, and Aerospace & Defense), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

The global wireless phone charging market accounted for US$ XXX billion in 2020 and is estimated to be XXX billion by 2030 and is anticipated to register a CAGR of XX.X%. The market report has been segmented on technology, industrial vertical, and region.

By technology, inductive technology is witnessing huge demand in wireless charging market due to its use in all the applications. However, RF and resonant technologies are witnessing traction in the wireless charging market. Companies such as Samsung and Qualcomm support resonant technology which enables charging multiple devices simultaneously.
By industrial vertical, the electronics wireless charging segment estimated for the highest market share in 2019, whereas the healthcare wireless charging segment is projected to rise at the highest CAGR from 2020 to 2027. .
By region, The Asia Pacific wireless charging market is projected to register for highest share in the global market in terms of revenue, due to increasing number of users for wearable devices, smart phones, and laptops. Further, rapid urbanization and availability of major manufacturers in countries in the region is also boosting growth in this region. The North America and Europe markets are projected to register for substantial revenue shares in the global market.

Competitive Landscape:

The prominent player operating in the global wireless phone charging market includes Qualcomm Inc., Texas Instruments, Inc., Oregon Scientific, Inc. Fulton Innovation LLC, WiTricity Corporation, Integrated Device Technology, Inc., Duracell Powermat (Procter & Gamble Co.), Convenient Power HK Ltd., Murata Manufacturing Co. Ltd., Energizer Holdings, Inc., and Anker.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

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