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Wireless Charging Market Analysis, Trends, Growth, Research And Forecast 2033
Wireless Charging Market
The Business Research Company presents an extensive market research report on the Wireless Charging Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The wireless charging market size has grown exponentially in recent years. It will grow from $16.43 billion in 2023 to $21.49 billion in 2024 at a compound annual growth rate (CAGR) of 30.8%. The growth in the historic period can be attributed to rise in disposable income, a rise in the number of various surgical procedures, rising demand for consumer electronics and increasing government initiatives.
The wireless charging market size is expected to see exponential growth in the next few years. It will grow to $61.3 billion in 2028 at a compound annual growth rate (CAGR) of 30.0%. The growth in the forecast period can be attributed to the rising demand for electronic devices, increasing popularity and high sales of electric vehicles (ev), growth of a wide range of autonomous and commercial automobiles and rising urbanization. Major trends in the forecast period include advances in wireless charging, use of mi air charge wireless charging technology, strategic collaborations and partnerships, adoption of smart wireless charging board and automotive in-cabin wireless charging solution.
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Key Market Players:
Major companies operating in the wireless charging market report are Energizer Holdings, Inc, Samsung Electronics Co. Ltd, Leggett & Platt Incorporated, Renesas Electronics Corporation, Anker Innovations Co., Ltd, Sony Group Corporation, TDK Corporation, Qualcomm Incorporated, WiTricity Corporation, Texas Instruments, Tata Motors Limited, Magenta Power Private Limited, EV Motors India Pvt. Ltd, Delta Electronics Inc, XPeng Inc., Wanbang Xingxing Charging Technology Co. Ltd, Hangzhou Aoneng Power Supply Equipment Co. Ltd, EVTronic, Energysquare, Compleo, Green Energy Service Company, Continental AG, Renault Trucks, Groupe Delachaux, Resonant Link, Aira Power, Plugless Power, Ossia Inc, Evatran Group, Energous Corporation, Powermat Technologies, Powercast Corp, InCharge Energy Inc, Eaton Corporation, Elix Wireless, eLeapPower, Multilaser, Mixx True Wireless Stream Buds, WiPo Wireless, Algocent Limited.
Market Drivers:
The increasing sale of smartphones is expected to propel the growth of the wireless charging market. Smartphone devices feature a built-in computer that provides various features such as an operating system, web browsing, and the capacity to run software programs. Wireless chargers offer convenience and increased durability to smart device users, making them a popular choice amongst customers. According to Counterpoint Research, a Hong Kong-based research firm specializing in mobile & technology products, smartphone sales have totaled $448 billion in revenues for 2021, an increase of 7% compared to the values for 2020. Also, according to Gartner Inc., a US-based consulting firm, in March 2022, worldwide smartphone sales grew 6% in 2021, from 1,351,836.5 (Thousands of Units) in 2020 to 1,433,859.4 in 2021. Therefore, the increase in sales of smartphones will drive the wireless charging market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/wireless-charging-global-market-report
The wireless charging market covered in this report is segmented -
1) By Components: Transmitters, Receivers
2) By Technology: Inductive Charging, Resonant Charging, Radio Frequency Based Charging, Other Technologies
3) By Transmission Range: Short Range, Medium Range, Long Range
4) By Application: Consumer Electronics, Automotive, Healthcare, Industrial, Defense, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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