Wireless Charging Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

To power and charge electrical devices, wireless charging is a reliable, convenient, and secure technology. Furthermore, by removing the use of physical connectors and cables, it offers reliable, cost-effective, and safer advantages over conventional charging systems. It also ensures continuous power transfer to ensure that all types of devices (handheld industrial devices, smartphones, heavy-duty equipment, and others) are charged and ready to use. During the forecast period, the wireless charging market is expected to expand due to an increase in the sales of electric vehicles (EVs), the constantly evolving portable electronics and wearables market, and the regular need to harvest ambient RF energy.

MARKET DYNAMICS

During the forecast period, the wireless charging market is expected to expand due to an increase in the sales of electric vehicles (EVs), the constantly evolving portable electronics and wearables market, and the regular need to harvest ambient RF energy. Furthermore, increased adoption of Internet of Things (IoT) and extensive research in far-field wireless charging technologies are expected to provide lucrative opportunities for business growth in the future. However, the market's growth is expected to be hampered by high-cost technology for its incorporation and slower charging compared to other charging technologies.

MARKET SCOPE

The ""Global Wireless Charging Market Analysis to 2031"" is a specialized and in-depth study of the Wireless charging Market with a special focus on the global market trend analysis. The report aims to provide an overview of Wireless charging market with detailed market segmentation by technology, transmission range, application. The global wireless charging market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wireless charging market player and offers key trends and opportunities in the wireless charging market.

MARKET SEGMENTATION

The global wireless charging market is segmented based on technology, transmission range, and application. Based on technology, the market is bifurcated as radiation technology, inductive technology and others. Based on the transmission range, the market is segmented as short, medium, and long. The market based on the application is classified as automotive, industrial, defense, healthcare, consumer electronics, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global wireless charging market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wireless charging market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting wireless charging Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the wireless charging market in these regions.

MARKET PLAYERS

The reports cover key developments in the wireless charging market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from wireless charging market are anticipated to lucrative growth opportunities in the future with the rising demand for wireless charging market. Below mentioned is the list of few companies engaged in the Wireless charging market.

The report also includes the profiles of key wireless charging market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• Apple Inc
• ConvenientPower HK Limited
• Energizer Holdings, Inc
• Renesas Electronics Corporation
• Leggett and Platt, Incorporated
• Murata Manufacturing Co., Ltd.
• Powermat
• Qualcomm Technologies, Inc
• Texas Instruments Incorporated
• WiTricity Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Wireless Charging Report Scope