Press release
At CAGR of 13.5%, Wireless Charging Market to Reach US$ 29.51 Billion by 2027
Wireless Charging Market:
Wireless charging refers to the process of transferring electrical power to portable, battery-powered devices without the utilization of wires. It works on the principle of magnetic resonance, wherein an electric current is transmitted between two objects using coils to induce an electromagnetic field. In comparison to traditional charging systems, it is efficient and safe to use as it eliminates the need of physical connectors and cables. As a result, it is a convenient and reliable method of providing power to electrical devices, such as tablets, multi-copters, smartphones, electric toys, laptops, power tools and medical devices.
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Global Wireless Charging Industry Trends:
The global market is majorly driven by the increasing integration of wireless technology in consumer electronics. Along with this, continual technological advancements and the development of advanced wireless technologies are impacting market growth. Apart from this, the proliferation of the Internet of Things (IoT) and IoT-based devices is escalating the demand for wireless charging. Moreover, numerous initiatives undertaken by the governments of several countries for reducing greenhouse emissions are significantly supporting its demand on the global level. In line with this, the growing adoption of electric vehicles (EVs) due to an enhanced focus on sustainable development is providing a boost to the demand for wireless charging. Other factors, including rapid urbanization, rising production and sales of electronic devices and the increasing investments by leading players in extensive research and development (R&D) activities to introduce improved product variants, are also positively influencing the market growth.
Top Brands in Wireless Charging Industry :
• Convenient Power HK Limited
• Energizer Holdings, Inc
• Integrated Device Technology
• Leggett & Platt Incorporated
• Murata Manufacturing Co. Ltd
• Powermat Technologies Ltd.
• Qualcomm Incorporated
• Texas Instruments Incorporated
• Witricity Corporation
• Samsung
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Key Market Segmentation:
Breakup by Technology:
• Resonant Charging
• Radio Frequency Based charging
• Others
Breakup by Application:
• Consumer Electronics
• Industrial
• Healthcare
• Automotive
• Defence
Breakup by Transmission Range:
• Short Range
• Medium Range
• Long-Range Wireless Chargers
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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