Wireless Charging Market Technological Advancement, Growth Opportunities, Trends by Manufacturers and Forecast to 2028
To power and charge electrical devices, wireless charging is a reliable, convenient, and secure technology. Furthermore, by removing the use of physical connectors and cables, it offers reliable, cost-effective, and safer advantages over conventional charging systems. It also ensures continuous power transfer to ensure that all types of devices (handheld industrial devices, smartphones, heavy-duty equipment, and others) are charged and ready to use. During the forecast period, the wireless charging market is expected to expand due to an increase in the sales of electric vehicles (EVs), the constantly evolving portable electronics and wearables market, and the regular need to harvest ambient RF energy.
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Companies Profiled in this report includes: Apple Inc,ConvenientPower HK Limited,Energizer Holdings, Inc,Renesas Electronics Corporation,Leggett and Platt, Incorporated,Murata Manufacturing Co., Ltd.,Powermat,Qualcomm Technologies, Inc,Texas Instruments Incorporated,WiTricity Corporation
During the forecast period, the wireless charging market is expected to expand due to an increase in the sales of electric vehicles (EVs), the constantly evolving portable electronics and wearables market, and the regular need to harvest ambient RF energy. Furthermore, increased adoption of Internet of Things (IoT) and extensive research in far-field wireless charging technologies are expected to provide lucrative opportunities for business growth in the future. However, the market's growth is expected to be hampered by high-cost technology for its incorporation and slower charging compared to other charging technologies.
The global wireless charging market is segmented based on technology, transmission range, and application. Based on technology, the market is bifurcated as radiation technology, inductive technology and others. Based on the transmission range, the market is segmented as short, medium, and long. The market based on the application is classified as automotive, industrial, defense, healthcare, consumer electronics, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global wireless charging market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wireless charging market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting wireless charging Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the wireless charging market in these regions.
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