Wireless Charging Market Overview: 2023-28
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-28
The Wireless Charging Market is projected to grow at a CAGR of around 24.4% during the forecast period, i.e., 2023-28. The rising adoption of wireless technology in consumer electronics is one of the chief factors that propel the overall market growth. Consumers are opting for chargers with increased positioning freedom, shorter charging times, and other features.
Markntel Advisor’s Wireless Charging Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Wireless Charging Market drivers, barriers, Wireless Charging Market Trends, and Key Players in Wireless Charging Market.
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Wireless Charging Market Dynamics: 2023-28
Innovation of Multi-device Chargers for Simultaneous Charging: The innovation of multi-device chargers that simultaneously charge multiple devices is driving the market with the added benefits of saving time charging various devices and smart energy utilization. Further, industries are investing in developing radio frequency (RF) based wireless technology that can rapidly charge multiple devices within a 3D range.
In RF wireless charging, an antenna embedded in an electronic device picks the radio frequency and converts it into direct current (DC) voltage. Thus, it eliminates the entire requirement of conventional charging types and encourages consumers to opt for RF technology extending the industrial ascension. The burgeoning popularity and new innovative product launches by key players are augmenting the value of the market. For instance:
In January 2023, Samsung unveiled & announced SmartThings Station, an easy-to-use and affordable smart hub and fast charging pad.
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Wireless Charging Market (2023-28): Segmentation Outlook
The market report has segmented the market into the following categories:
· By Technology
o Magnetic Resonance
o Magnetic Induction
o Radio Frequency
According to report, On the other hand, Magnetic Induction Technology is also expected to grow considerably to acquire a significant market share, owing to the rising implementation of magnetic induction in wireless chargers for smartphones.
· By Implementation
o Transmitters
o Receivers
o Aftermarket
o Integrated
· By Application
o Consumer Electronics
o Automotive
o Healthcare
o Industrial
o Others (Aerospace and Defence, etc.)
According to report, Among its peers, Consumer Electronics are projected to generate larger revenue in the anticipated period.
· By Region
o North America
o South America
o Europe
o Middle East & Africa
o Asia-Pacific
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services .
Top Companies Operating in the Wireless Charging Market:
- Samsung
- Energous Corporation
- Powermat
- Powercast Corporation
- Elix Wireless
- Zens
- Energizer
- Ossia Inc.
- Evatran Group
- Leggett & Platt
- Fulton Innovation LLC
- Murata Manufacturing Company Ltd.
- Qualcomm Technologies, Inc.
- Sony Corporation
- Texas Instruments, Inc.
- Others
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