About Wireless Charging
Wireless charging is referred as an ability to transmit electricity through the air by creating a magnetic field between two circuits, a transmitter and a receiver. The wireless charging is applicable everywhere from smartphones and laptops to kitchen appliances and cars. Because of the increased mobility and advances wireless charging is expanding its market in healthcare, automotive and manufacturing industries. The market of the wireless charging is rising due to the growing consumer expectation towards the technological advancement in every field. Also the consumer are ready to pay extra amount for the technologically advancement component
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
CAGR | 38.9% |
Qualcomm company is fuelling its market of wireless charging by investing heavily in wireless charging technology Analyst at AMA Research estimates that United States and Japanese Players will contribute the maximum growth to Global Wireless Charging market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Qualcomm Incorporated (United States), Samsung (South Korea), Texas Instruments Incorporated (United States), Sony Corporation (Japan), Ergo(aircharge) (United Kingdom), Bezalel (United States), Fone (United Kingdom), NXP Semiconductors (Netherlands), IOttie (United States), Humavox (Israel), Semtech (United States), Integrated Device Technology, Inc. (United States), Lenmar (United States), Gill Electronics (United States), Energizer Holdings, Inc (United States), Convenient Power HK Limited (China), WiTricity Corporation (United States) and Leggett & Platt (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Murata Manufacturing Co. Ltd (Japan), Powermat Technologies (Israel), PowerbyProxi Ltd (New Zealand) and Fulton Innovation LLC. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Wireless Charging market by Type (Inductive Technology, RF Technology, Resonant Technology and Others), Application (Electric vehicles, Mobile Phone, Laptops, Watch and Other) and Region.
On the basis of Type, Inductive Technology are dominating the market in the year 2022On the basis of geography, the market of Wireless Charging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). United States region held largest market share in the year 2022. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Consumer Electronics will boost the Wireless Charging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Wireless charging for electric or plug-in hybrid vehicle, High demand for the smartphones and New applications related to wireless charging are coming in the picture every day
Market Growth Drivers:
Massive innovation in wireless technology, Consumers are paying lump some amount for a product that exactly serves the purpose and Development of portable electronics and wearables market
Challenges:
Expensive technology for its integration
Restraints:
Shortage of the range can be the barrier in charging and Slower charging compared with other charging technologies
Opportunities:
Increase in popularity of the IoT market is expecting to fuel up the market and excessive research in far field wireless charging technologies and trending Internet of Things are expected to offer lucrative opportunities in the near future
Market Leaders and their expansionary development strategies
Fulton innovation partners with electri-cable assemblies to announce wireless power integration in new power base and Integrated Device Technology will be acquired by Renesas company to enhance global leadership in embedded solutions
Fulton Innovation makes a wireless power breakthrough with adaptive resonance for simultaneous charging and super spatial freedom and Nordic Semiconductor company that specializes in the ultra-low power performance wireless system has announced Bluetooth smart solution for Rezence wireless charging which is using the principles of magnetic resonance
Key Target Audience
Manufacturer, Sub component manufacturer, Channel partners, Industry association, Downstream vendors, Government and investment communities and Research organisation and associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.