Authored By: Sarah
11 Jul 2024

 Wireless Charging Market to grow by USD 25172.4 million between 2024-2028

According to a research report “ Wireless Charging Market” by Technology (Inductive, Resonant, Radio frequency, Others) Component (Receivers, Transmitters) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 25172.4 million at a CAGR of  34.28% during the forecast period. In the burgeoning wireless charging market for electric vehicles, the increasing demand for eco-friendly transportation solutions is propelling growth. Long charging times, which can range from thirty minutes to several hours, are a significant barrier to consumer adoption. However, the implementation of wireless charging technology offers a compelling solution. By wirelessly transferring energy to electric vehicles, charging becomes a streamlined and convenient process, aligning with the efficiency and convenience expectations of modern businesses..

Browse market data tables, figures, and in-depth TOC on “Wireless Charging Market” by Technology (Inductive, Resonant, Radio frequency, Others) Component (Receivers, Transmitters) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028.

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By Technology, the Inductive segment is projected to dominate the market size in 2024.

In the dynamic business landscape, the Wireless Charging Market continues to gain traction, driven by advancements in technology and increasing consumer demand for convenience. Companies are investing heavily in research and development to bring innovative wireless charging solutions to market, fostering growth in this sector. The integration of wireless charging technology into various industries, including consumer electronics and automotive, further bolsters its market potential.

By Component, Receivers  segment is expected to hold the largest market size for the year 2024.

In the dynamic business landscape, the Wireless Charging Market continues to gain traction, driven by advancements in technology and increasing consumer demand for convenience. Companies are investing heavily in research and development to bring innovative wireless charging solutions to market, fostering growth in this sector. The integration of wireless charging technology into various industries, including consumer electronics and automotive, further bolsters its market potential.

APAC is forecasted to hold the largest market size by region in 2024.

In the dynamic business landscape, the Wireless Charging Market continues to gain traction, driven by advancements in technology and increasing consumer demand for convenience. Companies are investing heavily in research and development to bring innovative wireless charging solutions to market, fostering growth in this sector. The integration of wireless charging technology into various industries, including consumer electronics and automotive, further bolsters its market potential.

The Wireless Charging Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Delta Electronics Inc.
  • Energizer Holdings Inc.
  • Energous Corp.
  • etatronix GmbH
  • Leggett and Platt Inc.
  • LG Electronics Inc.
  • Murata Manufacturing Co. Ltd.
  • Ossia Inc.
  • Powercast Corp.
  • Powermat Technologies Ltd.
  • Qualcomm Inc.
  • Renesas Electronics Corp.
  • Samsung Electronics Co. Ltd.
  • Sony Group Corp.
  • Texas Instruments Inc.
  • WiTricity Corp.
  • ZENS
.

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Research Analysis Overview

The wireless charging market encompasses various industries, including Infineon Technology and Samsung Electronics in the semiconductor sector. This technology finds applications in Aerospace and defense, Healthcare, Industrial, and Transportation sectors. Cordless chargers using Qi-based charging stations are increasingly popular for charging Electric cars and wearable devices. The convenience factor of wireless charging has led to a surge in demand from EV owners. The wireless charging standard, Qi, is a key player in this market, enabling Simultaneous multi-device charging and High-speed wireless charging. Technologies like Magnetic resonance and Inductive charging are used to facilitate this. The Power Matters Alliance and Qi standard are instrumental in promoting infrastructure development, including Qi-enabled Furniture and long-range wireless charging solutions. The Internet of Things (IoT) is another significant area where Bi-directional wireless charging is gaining traction. This technology allows devices to charge and exchange energy, enhancing their functionality. As the market evolves, we can expect advancements in Wireless charging technology, offering more efficient and convenient charging solutions for various applications.

Market Research Overview

In the dynamic and evolving technology landscape, the Wireless Charging Market has emerged as a significant growth area. Key players in the electronics industry, including LG Electronics, Infineon Technology, Samsung Electronics, and PNY Technologies, are investing heavily in this sector. The market encompasses various applications, such as Aerospace and defense, Healthcare, Industrial, and Consumer electronics. Cordless chargers, a crucial component of this market, are gaining popularity due to their convenience factor. The Semiconductor industry is driving innovation with Qi-based charging stations, resonance charging, and radio charging. The Defense sector is leveraging wireless charging technology for receiver and transmitter components in critical applications. The pandemic has accelerated the need for contactless solutions and digital connectivity, further boosting the market. The ICT investment in urban planning and smart city initiatives, such as fleet electrification and automotive applications, is creating a robust market ecosystem. The Wireless Charging Market caters to diverse power sources, including Morphine and various wireless charging standards like Qi standard, Power Matters Alliance, and bi-directional wireless charging. Long-range wireless charging and infrastructure development, including furniture and electric vehicles, are also part of this expanding market.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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