Press release
Wireless Charging Market will grow at a CAGR of 20.8% from 2023 to 2033
Wireless Charging Market
Today, wireless charging, which sends energy wirelessly from a source to a gadget that requires it, is one of the most popular growing innovations. The expanding use of wireless portable devices has boosted the demand for wireless charging solutions. A charging station, a power source, and a receiver that accepts the electricity and charges the battery are all components of these wireless charging systems.
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The wireless charging market refers to the industry of devices and technologies that enable the charging of electronic devices without the use of cables or wires. Instead, these devices use electromagnetic fields to transfer energy from a charging pad or station to the battery of the device being charged.
The global wireless charging market is expected to grow significantly in the coming years, driven by increasing demand for wireless charging solutions in smartphones, wearables, and other consumer electronics. Other factors contributing to the growth of the wireless charging market include the growing adoption of electric vehicles and the increasing popularity of smart home devices.
The wireless charging market is also expected to see growth in the industrial and healthcare sectors, where wireless charging technology can be used to power remote sensors, medical devices, and other electronic equipment. Additionally, the development of new wireless charging technologies, such as long-range wireless charging and multi-device wireless charging, is expected to drive further growth in the market in the coming years.
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Competitive Landscape
Major players are focusing towards the boost the production due the upsurge in demand of the wireless charging and also players are focusing on the enhancement of products which are affordable and easily acquired for fulfilling the demand of the market in wireless charging market.
On November 2020, Ossia Inc proclaimed the introduction of the next-generation Cota 2.4 GHz platform. It was approved by the Federal Communications Commission (FCC) for installation in the industrial, commercial and residential sectors. This upgraded and highly effective wireless power platform provides a number of advantages, such as improved manufacturability, increased transmitter effectiveness, and decreased power consumption, as well as cost-effective design, decreased power consumption, lighter weight, and a thinner form factor.
On September 2020, Integrated Device Technology revealed the P9415-R wireless power receiver, model number P9415-R, as the first of its type. It makes use of cutting-edge WattShare technology. This extraordinarily efficient wireless power receiver can wirelessly charge smartphones, power banks, and portable industrial equipment.
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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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