Wireless Charging Market:
Growth Opportunities in the global wireless charging market look promising over the next six years. The increasing internet usage in smart devices, growing popularity of the IoT market, and rising sales of smartphones are the key factors driving the growth of the global wireless charging market.
Wireless Charging Market’s leading Manufacturers:
- ConvenientPower HK Limited
- Energizer Holdings, Inc.
- Renesas Electronics Corporation
- Leggett & Platt, Incorporated
- Murata Manufacturing Co. Ltd.
- Apple, Inc.
- Powermat Technologies
- Qualcomm Technologies, Inc.
- Texas Instruments Incorporated
- WiTricity Corporation
- Belkin International, Inc.
- Xiaomi Corporation
Wireless Charging Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The global wireless charging market is expected to grow at a significant rate during the forecast period due to the strong demand for effective charging systems for portable electronics and wearable devices such as laptops, smartphones, digital camera & camcorders, wearable electronics, household electronics, and tablets. According to the wireless charging market analysis, increasing internet usage in smart devices, the growing popularity of the IoT market, rising sales of smartphones are the major factors surging the growth of the wireless charging market size. Furthermore, the increasing adoption of electric vehicles due to low fuel consumption and performance benefits is one of the major factors fuelling the growth of the wireless charging market share in terms of revenue in the upcoming years. In addition to this, several beneficial specifications of wireless charging, such as cost-effectiveness, reliability, safety, and constant transfer of power, are expected to boost the adoption of wireless charging technologies in the upcoming years. On the other hand, the factors restraining the growth of the wireless charging market during the forecast period include expensive manufacturing infrastructure and limited standardization.
Regional Drivers
Based on the region, Asia-Pacific is projected to dominate the market during the forecast period owing to the growing per capita income of the population in leading economies like India, South Korea, Japan, and China, followed by the rising adoption of smartphones, laptops, tablets, and wearable electronic devices in the region. On the other hand, North America is anticipated to grow at a higher CAGR in the upcoming years due to the rising investment in the healthcare sector, increasing demand for electric vehicles, and rapid economic development.
Wireless Charging Market Segmentation:
Segmentation by Technology:
- Inductive Technology
- Radiation Technology
- Others
Segmentation by Transmission Range:
- Short Range
- Medium Range
- Long Range
Segmentation by Application:
- Consumer Electronics
- Defence
- Healthcare
- Automotive
- Industrial
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
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