Press release
Wireless Charging Market Projected to Reach USD 147.25 Billion by 2030, Growing at a CAGR of 26%
Wireless Charging Market
Wireless Charging Market Overview:
The global wireless charging market is experiencing a surge in demand, with a projected growth rate of 26% CAGR from 2023 to 2030. This translates to a market value reaching a staggering USD 147.25 billion by the end of the decade, up from USD 29.20 billion in 2023.
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This growth is driven by several key factors:
• Convenience: Wireless charging eliminates the need for fiddling with cables, offering a user-friendly experience for consumers.
• Electric Vehicles (EVs): The rise of EVs is fueling the demand for wireless charging solutions, offering a seamless and efficient way to recharge vehicles.
• Internet of Things (IoT): The proliferation of IoT devices necessitates convenient charging methods, making wireless charging a perfect fit.
• Advanced Materials: GaN and SiC materials are revolutionizing wireless charging by enabling faster, more efficient energy transfer.
Wireless Charging Market Report Scope and Research Methodology:
The report provides comprehensive business statistics and analytical insights designed to facilitate a thorough understanding of the Wireless Charging market. Key aspects such as market size, market share, growth patterns, prevailing trends, demand drivers, leading players, industry profiles, opportunities, value chain analysis, end-user segments, various types, and applications are clearly presented. The analysis employs a bottom-up approach to accurately estimate both global and regional Wireless Charging market sizes. A robust combination of primary and secondary research methodologies is utilized to construct a detailed overview of the Wireless Charging market. Secondary research involved collecting data from a range of reputable sources to gather information about key players and analyze current and historical industry trends. This information was then cross-verified through primary research, which included conducting interviews with industry experts and key opinion leaders in the Wireless Charging sector.
Furthermore, the report explores growth opportunities in both micro and macro markets, providing stakeholders with valuable insights for potential investments. An in-depth competitive analysis is included, highlighting the product offerings of major competitors. A SWOT analysis is performed to identify the strengths, weaknesses, opportunities, and threats within the Wireless Charging market, providing a strategic perspective on the market dynamics.
Wireless Charging Market Regional Insights:
The Asia Pacific region is expected to dominate the wireless charging market due to a combination of factors:
• Major Consumer Electronics Hub: Home to leading manufacturers like Samsung and LG, Asia Pacific is a hotbed for innovation in wireless charging technology.
• EV Adoption: Governments in the region are actively promoting EV adoption, with wireless charging seen as a key enabler.
• Strong Research & Development: The region boasts a vibrant research ecosystem, constantly pushing the boundaries of wireless charging technology.
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Wireless Charging Market Segmentation:
By Technology
Inductive Technology
Radiation Technology
Others
By Transmission Range
Short Range
Medium Range
Long Range
By Application
Healthcare
Automotive
Consumer Electronics
Aerospace & Defense
Others
The market is divided into three categories based on technology: Others, Radiation Technology, and Inductive Technology. Over the course of the forecast period, inductive technology is anticipated to dominate the wireless charging market. One of the early wireless charging technologies to become popular in the consumer market is inductive charging, which is a well-known wireless charging technology. Because of its early uptake and increased customer awareness, wireless charging technology has become the de facto norm. Many device manufacturers adopted the Qi standard, which was designed by the Wireless Power Consortium, as a common platform for wireless charging devices. Customers have been anticipating a certain level of device-to-device and Qi standard interoperability.
Wireless Charging Market Key Players:
1. Energizer Holdings (US)
2. Convenientpower (China)
3. Integrated Device Technology (US)
4. Murata Manufacturing (Japan)
5. Leggett & Platt (US)
6. Powerbyproxi Ltd. (New Zealand)
7. Qualcomm Incorporated (US)
8. Powermat Technologies (Israel)
9. Texas Instruments (US)
10. Witricity Corporation (US)
11. Samsung Electronics (South Korea)
12. Sony Corporation (Japan)
13. Fulton Innovation LLC (US)
14. TDK Corporation (Japan)
15. Energous Corporation (US)
The Future of Wireless Charging
The future of wireless charging is bright, with exciting trends on the horizon:
• Dynamic Charging: This technology allows EVs to charge while in motion, significantly improving range and convenience.
• Smart Cities Integration: Wireless charging infrastructure will be seamlessly integrated into urban environments, making EV charging more accessible.
• Material Advancements: New materials will pave the way for even faster, more efficient, and compact wireless charging solutions.
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Table of Content: Wireless Charging Market:
• The Big Picture: Market size, overview, and key points.
• Our Focus: Specific areas, timeframe, and scope we'll explore.
• Market Players: Who are the big businesses and up-and-comers?
• Market Size: How much money is flowing in this market?
• Market Breakdown: Different types of products/services and their segments.
• Competition Check: How easy (or tough) is it to compete in this market?
• Who's Buying?: Understanding the customer base and their needs.
• Global Market: How does this market differ around the world?
• Decision Time: Making informed choices in this market.
• Market Shifts: What's driving changes in the market?
• Future Look: Emerging trends that will shape the market.
• The Sellers: Who are the major companies selling in this market?
• Competition Analysis: Strengths and weaknesses of the key players.
Key questions answered in the Wireless Charging Market are:
• What is Wireless Charging?
• What was the Wireless Charging market size in 2023?
• What is the growth rate of the Wireless Charging Market?
• Which are the factors expected to drive the Wireless Charging market growth?
• What is the CAGR at which the ## market will grow during the forecast period?
• What are the different segments of the Wireless Charging Market?
• Which is the fastest-growing region in the Wireless Charging Market?
• What segments are covered in the Wireless Charging Market?
• Who are the key players in the Wireless Charging Market?
• What growth strategies are the players considering to increase their presence in Wireless Charging?
• What are the upcoming opportunities and trends for the Wireless Charging Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Wireless Charging Market?
• Who are the leading companies and what are their portfolios in Wireless Charging Market?
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o 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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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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