Wireless Charging Market Valuable Shares and Regional Analysis With Industry Forecast To 2029

Wireless Charging Market is expected to reach USD 56.03 Bn. by 2029, at a CAGR of 26% during a forecast period.

Wireless Charging Market Report Scope and Research Methodology

Report Scope:

This comprehensive report on the Wireless Charging Market offers valuable insights, including market values, research methodology, drivers, restraints, and regional perspectives.

Research Methodology:

Our assessment of the COVID-19 impact on the wireless charging market is based on in-depth analysis of quarterly and annual reports from relevant companies. We've also conducted extensive interviews to validate market trends. The imposition of strict regulations by governments worldwide to ensure safe working environments has adversely affected the market. However, a post-COVID-19 rebound is expected as these restrictions ease, particularly in the consumer electronics and automobile sectors.

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What are Wireless Charging Market Dynamics?

Drivers:

Rising Adoption in Wearables: Wearable products like fitness trackers and smartwatches are gaining popularity, driving the demand for wireless charging. This technology eliminates the need for exposed connectors or cords, making it ideal for sealed, waterproof, and compact wearable devices.

Efficiency Improvements: The adoption of magnetic resonance technology is enhancing the efficiency of wireless charging devices. This innovation allows power transmission over longer distances, resulting in cooler batteries and reduced energy wastage.

Electric Vehicle (EV) Revolution: The global shift towards electric vehicles to combat vehicle pollution is boosting the wireless charging market. All electric vehicles are expected to incorporate wireless charging to reduce human exposure risk.

Government Support: Governments worldwide are encouraging electric mobility, with countries like India receiving funding from the World Bank for electric vehicle production. This support is driving the wireless charging market in the automotive sector.

Wireless Charging Market Segmentation?

Technology: The market segments by technology include Radiation Technology, Inductive Technology, and Other Technologies. In 2022, Inductive Technology dominated with the highest share. Inductive technology is used in leading standards such as Qi technology and PMA. Additionally, it is employed in Electric Vehicles (EVs). Resonant and radio frequency (RF) technologies are projected to become more profitable, offering convenience by enabling power transfer over short distances without direct contact.

Application: The market segments by application into Healthcare, Automotive, Consumer Electronics, Defense, and Industrial. In 2022, the Consumer Electronics segment held the largest share. Rising demand for smartphones, laptops, tablets, wearables, and gaming consoles is driving the development of wireless charging technologies. For instance, One Plus introduced Warp Charge 30 wireless charging in their One Plus 8 series, showcasing real-time communication between smartphones and proprietary wireless chargers.

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Who are Wireless Charging Market Key Players?

1. Energizer Holdings
2. Convenientpower
3. Integrated Device
4. Murata Manufacturing
5. Leggett & Platt,
6. Powerbyproxi Ltd.
7. Qualcomm Incorporated
8. Powermat Technologies
9. Texas Instruments
10. Witricity Corporation
11. Samsung Electronics
12. Sony Corporation
13. Fulton Innovation LLC
14. TDK Corporation
15. Energous Corporation
16. Ossia Inc.
17. ZenS B.V.

Table of content for the Wireless Charging Market includes:

Part 01: Executive Summary

Part 02: Scope of the Wireless Charging Market Report

Part 03: Global Wireless Charging Market Landscape

Part 04: Global Wireless Charging Market Sizing

Part 05: Global Wireless Charging Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: Known for its popularity, North America has integrated wireless charging into various furniture pieces, such as Ikea's Qi-standard-supported furniture. This region is expected to lead for the next two years.

Asia Pacific: With a growing population, increasing disposable income, and strong interest from key players, Asia Pacific is set to take over the wireless electronics market, driven by the advantages, affordability, and popularity of wireless charging.

Europe: Many European countries are transitioning to sustainable development, boosting the demand for electric battery charging points, especially in the automotive sector.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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