Wireless Charging Systems market is estimated to be USD 6.53 billion in 2021 and projected to reach USD 13.4 billion by 2032, at a CAGR of 32.6% between 2021 and 2032 Biggest Innovation with Top Key Players -SAMSUNG ELECTRONICS CO., LTD., QUALCOMM TECHNOL

Wireless Charging Systems market is estimated to be USD 6.53 billion in 2021 and projected to reach USD 13.4 billion by 2032, at a CAGR of 32.6% between 2021 and 2032 Biggest Innovation with Top Key Players -SAMSUNG ELECTRONICS CO., LTD., QUALCOMM TECHNOLOGIES, INC., TEXAS INSTRUMENTS INC., INTEGRATED DEVICE TECHNOLOGY, INC., POWERMAT TECHNOLOGIES LTD., WITRICITY CORPORATION, ENERGIZER HOLDINGS, INC., MURATA MANUFACTURING COMPANY, LTD., SONY CORPORATION, FULTON INNOVATION LLC

OVID-19 Impact on the Global Wireless Charging Market
The COVID-19 impact forecast for the wireless charging market in this report is based on the quarterly and annual reports of the companies under study. Primary interviews have confirmed the downward trend in the wireless charging market in 2020. However, the market is expected to rise after the COVID-19 crisis has been neutralized, as governments have imposed strict policies to maintain safe environments in all manufacturing industries. At present, the adoption of wireless charging is high in the consumer electronics, and automotive industries.

In 2020, wireless charging manufacturers are collaborating with technology providers to improve the efficiency of their products.

In February 2020, IDT (Renesas Electronics) announced its collaboration with Panthronics AG, a semiconductor company, to provide connected IoT solutions and wireless charging for the industrial, consumer, and IoT markets.
In June 2020, Marubun has announced a collaboration with Ossia Inc. to bring the Cota wireless power technology to the Japanese market.

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Magnetic Resonance technology market for wireless charging is one of the fastest growing segment during forecasted period
Magnetic resonance is a wireless charging method for objects requiring a large amount of power - up to 11kW. This wireless charging method is used to charge multiple devices from the same charger. It is the most versatile wireless charging method and used for objects such as electric cars, laptops, computers, and vacuum cleaners.

Companies providing magnetic resonance technology include Infineon, Energizer, and WiTricity. In May 2020, China Electricity Council introduced a set of national standards for wireless charging electric vehicles that are based on the magnetic resonance charging technology developed and patented by WiTricity. Standardization is vital for large-scale deployment of wireless charging electric vehicles (EVs), in China and across the globe; it allows any electric vehicle with wireless capability to use a standard wireless charger.

By the product type, the market is primarily split into:
Inductive, Resonant, RF, Others.

By the end-users/application, this report covers the following segments:
Electronics, Automotive, Industrial, Healthcare, Aerospace & Defense

Recent Strategic Developments
In July 2020, Ossia Inc. has entered into a partnership with Toyoda Gosei, a part of the Toyota Group. The partnership includes strategic investment and a commercial agreement between the companies. . The partnership also includes various commercial projects as well as strategic components including wireless power for smart cities, automotive, IoT, and consumer applications.
In January 2020, Ossia Inc. has partnered with KonnectONE to build Ossia's Cota wireless power technology into the Moxee line of broadband and connected products of KonnectONE.
July 2019, Integrated Device Technology (IDT), a subsidiary of Renesas Electronics Corporation, announced the launch of the P9247 transmitter and P9415 receiver, which work together to allow smartphones to wirelessly charge up to 30 W of power, decreasing the charging time gap among wired and wireless charging options.s.

Table of Contents
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Vessel Monitoring System Software Revenue
1.4 Market Analysis by Type
1.4.1 Wireless Charging Systems Size Growth Rate by Type: 2020 VS 2028
1.5 Market by Application
1.5.1 Wireless Charging Systems Share by Application: 2020 VS 2028
1.6 Study Objectives
1.7 Years Considered
1.8 Continue…

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Many wireless charging appliances use induction type of technology that consist of two primary induction coils, one at the charging base, which further deals with producing an alternating current from the base, and the other at the portable device. These coils are in the form of a pad that are clipped to the smartphones. This can be in a form of built-in charging coil that gets connected to the charging socket that together make up an electrical transformer. This uses the magnetic coupling phenomenon that is converted into electrical current by the transmitter & receiver coil respectively for the proper working of the inductive power transfer.

Mostly wireless power transfer is used in electronic devices such as smartphone, laptops, wearable electronics, and portable devices. Such rise in adoption of efficient charging system for portable electronics and wearable devices, which can increase the durability of the device is projected to ensure significant growth of the electronics wireless charging industry. 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 product targeted by IoT such as smartphones, digital camera & camcorders, laptops & tablets, wearable electronics, and household electronics. Therefore, increase in popularity of the IoT market is expected to provide an opportunity for the market growth

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