Wireless Charging Market Trends, Share, Size, Growth Drivers, and Forecast 2023-2028

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 growth. The report also includes competitor and regional analysis, and contemporary advancements in the global 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 Market Overview:

Wireless charging is a technology that allows for the transfer of electrical energy from a power source to an electronic device without the need for physical connectors or cables. It employs electromagnetic fields to facilitate energy transfer between a charging pad or station and the device being charged, which could range from smartphones and tablets to electric vehicles and industrial machinery. This technology is designed to offer a more convenient and efficient way of powering devices, eliminating the challenges associated with tangled cords, wear and tear, and the need for multiple chargers for various gadgets. Wireless charging has applications across a diverse range of sectors, including consumer electronics, automotive, healthcare, and industrial settings.

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Global Wireless Charging Market Trends:

The increasing demand for efficient charging systems is driving the global market. Moreover, the widespread adoption and dependence on mobile devices such as smartphones, smartwatches, and earbuds also contribute to a positive market outlook. Additionally, the rising popularity of electric vehicles (EVs) has prompted major companies to invest heavily in developing safe and efficient battery chargers, optimizing charging speeds, and extending charging ranges, further boosting the market.

Governments worldwide are also supporting this trend by offering lucrative incentives and funding initiatives to promote EV adoption and develop corresponding charging infrastructure. The expansion of Internet of Things (IoT) devices, including smart home gadgets, wearables, and connected devices, has further fueled the demand for seamless and efficient charging solutions, further contributing to the market’s growth and impact in a favorable manner.

Key Market Segmentation:

Competitive Landscape with Key Players:

• 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

Breakup by Technology:

• Resonant Charging

• Radio Frequency Based charging

• Others

Breakup by Application:

• Consumer Electronics

• Industrial

• Healthcare

• Automotive

• Defence

Breakup by Transmission Range:

• Short Range

• Medium Range

• Long-Range Wireless Chargers

Key Highlights of the Report:

• Market Performance

• Market Outlook

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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