How Big is the Wireless Charging Market ? :
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 global wireless charging market size . The 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.
What is Wireless Charging ? :
Wireless charging refers to a technology that allows electronic devices to be charged without physical cables or connectors. Through the use of electromagnetic fields, energy is transferred between two objects: a charging pad or station and the device being charged. This innovative method has transformed the way people charge their devices, offering a more convenient and efficient solution to traditional charging methods. It is commonly employed for smartphones, laptops, electric vehicles, and various other consumer electronics. The ability to simply place a device on a charging pad and have it charge without plugging in any cables has caught the attention of both consumers and manufacturers alike. The growth of wireless charging technology is driven by its convenience and adaptability, making it a crucial aspect of modern technology.
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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
Wireless Charging Market Growth and Demands:
The global wireless charging market is experiencing robust growth, driven by the escalating demand for smartphones and wearable devices coupled with the rise of electric vehicles. Additionally, the increasing adoption of wireless charging in public spaces, airports, and hospitality sectors offers added convenience for consumers on the go. In addition, technological advancements, such as the development of faster charging speeds and the integration of wireless charging into furniture and vehicles, are propelling the market forward. Apart from this, the emergence of the Internet of Things (IoT) has also facilitated the growth of wireless charging, allowing interconnected devices to charge seamlessly.
Furthermore, the shift towards eco-friendly and energy-efficient technologies has led to innovations in wireless charging methods, reducing energy wastage and enhancing sustainability. Governments and regulatory bodies are also supporting the technology through favorable policies and investments. Collectively, these drivers and trends are shaping the future of the wireless charging market, positioning it as a significant component in the global tech industry.
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Key Market Segmentation:
Breakup by Technology:
- Resonant Charging
- Radio Frequency Based charging
Breakup by Application:
- Consumer Electronics
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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