Wireless Charging Market Overview
Wireless charging is a technology that allows devices to be charged without the need for a physical connection to a power source. The wireless charging market has been growing steadily in recent years, driven by the increasing popularity of smartphones and other mobile devices that support wireless charging, as well as the rising demand for convenient charging solutions.
The wireless charging market will exhibit a CAGR of 22.2% in the forecast period of 2022 to 2030 and is expected to reach USD 22.22 billion by 2030.
The global wireless charging market is driven by high demand for smartphones as well as rising disposable income around the world. These factors have helped shape the wireless charging market and are expected to boost the growth. Companies in the wireless charging market could also face challenges such as slow growth of electric vehicles along with the higher cost of production. The details covered in the wireless charging market report cover all the aspects of the industry. Analysts studying the wireless charging market have also shared growth projections in the report and have suggested wireless charging market players to plan business strategies accordingly.
Industry News
Ideanomics has announced that a formal deal to purchase 100% of Wireless Advanced Vehicle Electrification, Inc. has been signed.privately owned for cash and share considerations, the contractual terms of which are reported in the 8-K filing by the Company. As an advisor to WAVE on the deal, Roth Capital Partners handled the acquisition.
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Market Segmentation
The global wireless charging market has been segmented based on applications, components, and technology. On the basis of technology, the market for wireless charging is segmented based on inductive coupling, capacitive coupling. Additionally, the market on the basis of components, is segmented into transmitters, receivers. The global market for wireless charging is also covered based on applications segment which is further split into consumer electronics, industrial, infrastructure, automotive.
Factors like standardization of wireless regulations and compatibility of chargers with different types of devices support the wireless charging market growth. The performance of the wireless charging market has also been studied for the past and current years. Additionally, the wireless charging market report provides analysis of these segments. The wireless charging market segmental analysis provided in the report offers major details about the wireless charging market based on the data and forecasts till 2023.
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Competitive Landscape
The wireless charging market is supported by growing demand for wireless charging in healthcare as well as industrial areas. The population growth around the world and increasing demand of wireless charging market based services and products also support the market growth. However, the wireless charging market growth can be affected due to lower efficiency than the conventional wired charging method. The report covers all such details which will help companies in the wireless charging market to strengthen their business plan and improve their product portfolio. The wireless charging market research report also provides company profiles of major companies. The company profiles of many organizations operating in the wireless charging market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the wireless charging market. New companies and established businesses can plan their strategies based on this data provided in the wireless charging market research report.
Competitive Leaderboard:
Leading players in the global wireless charging market include Convenient Power HK Ltd., TDK Corporation, Qualcomm Inc., PowerbyProxi, WiTricity Corporation, Powermat Technologies Ltd., NXP Semiconductors, Integrated Device Technology Inc., Texas Instruments Inc., and Samsung Electronics Co. Ltd.
Regional Overview
Companies in the wireless charging market are spread across the world. The wireless charging market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American wireless charging market has many companies across the United States, Canada, and Mexico. The wireless charging market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the wireless charging market can be found in the market research report. Europe has companies in the wireless charging market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the wireless charging market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
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