IMARC Group’s latest research report, titled “Wireless Charging Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market. The wireless charging industry outlook report also includes competitor and regional analysis, and contemporary advancements in the market. The global wireless charging market size reached US$ 15.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.6 Billion by 2028, exhibiting a growth rate (CAGR) of 13.77% during 2023-2028.
Wireless Charging Industry Outlook:
Wireless charging is a way of charging batteries without the use of cables. It is used for various devices, including smartphones, laptops, MP3 players, and larger objects, such as robots and electric cars. There are mainly three methods of wireless charging, inductive, radio, and resonance charging. It transmits energy from a power source to a consuming device without wires or cables. It consists of a charging station that transmits the energy and a receiver that receives it and charges the battery. It is a reliable, convenient, and safe technology to power and charges electrical devices. It provides cost-effective, efficient, and safer benefits over traditional charging systems by eliminating physical connectors and cables.
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Global Wireless Charging Industry Demand:
The global market is primarily driven by the increasing demand for the efficient charging system. In line with this, the rising reliance on smart Internet of Things devices and expanding ICT sector worldwide are significantly contributing to market growth. Furthermore, the growing penetration of connected solutions and the development of smart IoT hubs are positively influencing the market. Apart from this, the escalating awareness about physical fitness and wearable devices among the population is catalyzing the demand for wireless charging for these devices.
Moreover, the shifting inclination towards autonomous driving technology by automotive OEMs is propelling the demand for wireless charging for e-vehicles. Besides, the increasing government’s support for the development of wireless charging is creating a positive outlook for the market. Additionally, the rising acceptance of wireless technology in the consumer electronics industry and the growing proliferation of wireless portable devices are providing a boost to the market.
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Key Market Segmentation:
Top Wireless Charging Brands Worldwide:
- Convenient Power HK Limited
- Energizer Holdings, Inc
- Integrated Device Technology
- Leggett & Platt Incorporated
- Murata Manufacturing Co. Ltd
- Powermat Technologies Ltd.
- Qualcomm Incorporated
- Texas Instruments Incorporated
- Witricity Corporation
- Samsung
Market Breakup by Technology:
- Resonant Charging
- Radio Frequency Based charging
- Others
Market Breakup by Application:
- Consumer Electronics
- Industrial
- Healthcare
- Automotive
- Defence
Market Breakup by Transmission Range:
- Short Range
- Medium Range
- Long-Range Wireless Chargers
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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