Wireless Charging Industry Key Players Profile and Market Analysis by 2028
The latest market intelligence report, titled ‘Global Wireless Charging Market’, is intended to provide the target audience with the necessary information about the global Wireless Charging industries. The report comprises a detailed analysis of the vital elements of the Wireless Charging market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors.
This report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The Global Wireless Charging Market size
reached USD 3.52 Billion in 2020 and is expected to register a significantly
robust CAGR of 23.8%, during the forecast period, according to latest analysis
by Emergen Research. Global wireless charging market growth is primarily driven
by growing demand for wireless charging technologies and devices, and demand is
especially high in the healthcare industry. Growing demand for electric
vehicles is further expected to boost growth of the global wireless charging
market growth over the forecast period.
Demand for electric cars is
growing at a rapid pace due to advantages such as reduced maintenance and
cost-effective functionality. Electric vehicles (EVs) are powered by battery
packs, which are charged with electricity. Over the years, car manufacturers have
initiated utilizing wireless charging because the technology is novel and
convenient to use. EVs currently require to be charged using physical cable and
charging port or pad attached to an electric source. Wireless charging offers
advanced functionality since there is no requirement for plug-in charging
wires. Increasing tendency among end-users to minimize wire-related recharging
technologies of different devices is expected to propel global wireless
charging market growth in the near future.
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However, high costs of production
as compared to standard wired charger technologies and devices is expected to
restrain growth of the global wireless charging market to a certain extent
during the forecast period.
The key companies studied in the report
are:
Texas Instruments Inc., Samsung
Electronics Co., Ltd., Qualcomm Incorporated, WiTricity Corporation, NXP
Semiconductors N.V, Powermat Technologies Ltd, TDK Corporation, Energous
Corporation, Ossia Inc., and ZenS B.V.
Some Key Highlights in the Report
- Inductive segment revenue is expected to
expand at a significant CAGR during the forecast period. Increasing
application of inductive technology for smartphones, smartwatches,
laptops, and Qi wireless charging protocol is expected to boost growth of
this segment.
- In terms of revenue, the consumer electronics
segment is expected to lead due to rising adoption of wireless chargers
for consumer electronic products.
- Increasing developments in the automobile
industry and rising demand for wireless charging for consumer electronics
and medical equipment is prompting manufacturers to investment into
wireless charging technologies in countries in North America, which is
expected to further support growth of the market in the region over the
forecast period.
- In October 2019, WiTricity Corporation
entered into a technology transition and license deal with Green Power.
The partnership allows Green Power to exploit the reference model and
emerging technology development for WiTricity's wireless electric vehicle
charging solutions.
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Emergen Research has segmented
the global wireless charging market on the basis of technology, end-use, and
region:
Technology Outlook (Revenue, USD
Billion; 2021–2028)
- Radio Frequency
- Inductive
- Resonance
- Others
End-use Outlook (Revenue, USD
Billion; 2021–2028)
- Consumer Electronics
- Healthcare
- Industrial
- Aerospace
- Automotive
- Others
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Regional Outlook (Revenue, USD
Billion; 2021–2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
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The report addresses the following key
points:
·
The report
estimates the expected market size from 2020-2027
·
The report
provides a forecast of market drivers, restraints, and future opportunities for
the Wireless Charging market
·
The report
further analyses the changing market dynamics
·
Regional
analysis and segmentation of the market with analysis of the regions and
segments expected to dominate the market growth
·
Extensive
competitive landscape mapping with profiles of the key competitors
·
In-depth
analysis of business strategies and collaborations such as mergers and
acquisitions adopted by the key companies
·
Revenue
forecast, country scope, application insights, and product insights
Thank
you for reading our report. For any specific details on customization of this
report, please get in touch with us. We will ensure the report you get is
well-suited to your needs.
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prevalent in the coming decade.
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