Future of Wireless Charging Market: From Smartphones To Electric Cars By 2031

The Global Wireless Charging Market to grow at a CAGR Of 27.3% during the forecast period 2024-2031.

The Wireless Charging Market report, released by DataM Intelligence, offers comprehensive insights and thorough analysis of major market trends, growth prospects, and emerging challenges. With a strong focus on actionable intelligence, DataM Intelligence equips businesses with the knowledge needed to make strategic decisions and maintain a competitive advantage. Utilizing a blend of qualitative and quantitative research methodologies, the firm delivers in-depth reports that support clients in understanding complex market dynamics, fostering strategic development, and capturing new opportunities in today's rapidly changing global environment.

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Evolving Market Forces and Opportunities:

Wireless charging is a technology that enables the transfer of electrical energy from a power source to a device without the use of physical cables. It typically works through electromagnetic induction or resonant inductive coupling, where a charging pad generates a magnetic field that is picked up by a compatible receiver in the device. Wireless charging is widely used for smartphones, smartwatches, electric vehicles (EVs), and medical devices.

Key Industry Players Driving the Wireless Charging Market:

Qualcomm Technologies, Inc, Ubeam, Toshiba Electronic Devices and Storage Corporation, Powermat, Integrated Device Technology, Inc., Semtech, Powercast Corp, Witricity Corporation, Tdk Corporation, and Samsung Electronics Co., Ltd., among others.

Industry Development:

WiTricity, a leader in wireless charging technology, announced the launch of an upgrade package for select electric vehicles (EVs) on February 23, 2022. This new solution features the WiTricity HaloTM wireless charging system, offering a seamless and fully integrated charging experience.

On August 9, 2022, WiTricity also completed a new funding round totaling US$ 63 million. Key investors included Japan Energy Fund, Mirae Asset Capital, and Siemens AG, which contributed US$ 25 million. Additional backing came from Stage One, Airwaves Wireless Electricity, and Delta Electronics. The funding will support the development and expansion of next-generation wireless EV charging technologies, aligned with global EV adoption, government electrification initiatives, and growing demand for efficient charging solutions.

Meanwhile, on January 13, 2021, Samsung Electronics Co., Ltd. introduced two new wireless chargers. The first, the EP-P4300 Wireless Charger Pad Duo, supports 9W fast charging for smartphones and 3.5W for wearables, allowing users to charge a phone and smartwatch simultaneously. The second, the EP-P1300, offers 9W fast charging for Samsung devices and 7W for Apple iPhones. Due to its dual-charging capability, the EP-P4300 is priced slightly higher than the EP-P1300.

Research Methodology:

Both primary and secondary data sources have been used in the global Wireless Charging Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Wireless Charging Market:

By Technology: Radio Frequency, Inductive, Resonant

By Component: Receiver, Transmitter

By Application: Medical Devices, Automotive, Smartphones and Tablets, Wearable Devices, Others

Regional Overview for Wireless Charging Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Wireless Charging market?

➠ Who are the leading manufacturers in the global Wireless Charging industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Wireless Charging industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Wireless Charging market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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