MarkNtel Advisors analyses the growth rate of the Wireless Charging market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Wireless Charging market, helping them make informed decisions.
Market Outlook – 2023-2028:
The Global Wireless Charging Market is projected to grow at a CAGR of around 24.4% during the forecast period, i.e., 2023-28. The rising adoption of wireless technology in consumer electronics is one of the chief factors that propel the overall market growth. Consumers are opting for chargers with increased positioning freedom, shorter charging times, and other features.
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Key Company Profiles
This report explores recent significant developments in the Wireless Charging Market, focusing on the leading companies and their innovative profiles. The major players in the Wireless Charging Market, featured in this report, include:
- Samsung
- Energous Corporation
- Powermat
- Powercast Corporation
- Elix Wireless
- Zens
- Energizer
- Ossia Inc.
- Evatran Group
- Leggett & Platt
- Fulton Innovation LLC
- Murata Manufacturing Company Ltd.
- Qualcomm Technologies, Inc.
- Sony Corporation
- Texas Instruments, Inc.
- Others
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Wireless Charging Market to forecast revenues and analyse trends across each of the following sub-markets:
- By Technology
- Magnetic Resonance
- Magnetic Induction
- Radio Frequency
On the other hand, Magnetic Induction Technology is also expected to grow considerably to acquire a significant market share, owing to the rising implementation of magnetic induction in wireless chargers for smartphones.
- By Implementation
- Transmitters
- Receivers
- Aftermarket
- Integrated
- By Application
- Consumer Electronics
- Automotive
- Healthcare
- Industrial
- Others (Aerospace and Defence, etc.)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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What are the primary factors driving the growth of the Global Wireless Charging Market?
Innovation of Multi-device Chargers for Simultaneous Charging
The innovation of multi-device chargers that simultaneously charge multiple devices is driving the market with the added benefits of saving time charging various devices and smart energy utilization. Further, industries are investing in developing radio frequency (RF) based wireless technology that can rapidly charge multiple devices within a 3D range.
In RF wireless charging, an antenna embedded in an electronic device picks the radio frequency and converts it into direct current (DC) voltage. Thus, it eliminates the entire requirement of conventional charging types and encourages consumers to opt for RF technology extending the industrial ascension. The burgeoning popularity and new innovative product launches by key players are augmenting the value of the market. For instance:
- In January 2023, Samsung unveiled & announced SmartThings Station, an easy-to-use and affordable smart hub and fast charging pad.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
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