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Wireless Charging Market- Global Market Insights, Opportunity & Forecast, 2027
Global Wireless Charging Market By Technology [RF, Inductive, Resonant], By Application [Automotive, Industrial, Consumer Electronics, Aerospace & Defense, Healthcare, Others], By Region [North America, Europe, Asia Pacific, Middle East & Africa and Latin America], Forecast & Opportunities, 2020-2027
Market Overview
Global Wireless Charging Market is expected to grow over US$ 32 billion by 2027 due to growing adoption of electric vehicles and increasing demand for consumer electronics.
Wireless charging is a convenient, reliable, and safe technology to power and charge electrical devices. Wireless charging is cost-effective and safer than the traditional chargers by eliminating the use of cables. It ensures continuous transfer of power and can be used in various types of devices such as smartphones, handheld industrial devices etc.
However, long duration of charging and need for standardization are some of the factors hindering the growth ofWireless Charging Market globally.
Market Segmentation
Global Wireless Charging Market can be segmented into Technology, Application and Region
By Technology, Global Wireless Charging Market can be segmented intoRF, Inductive, Resonant.The Inductive technology holds the largest market share and it is expected to remain in dominance during the forecasted period of 2020-27 due to its wide adoption in consumer electronics.
By Application, Global Wireless Charging Market can be segmented intoAutomotive, Industrial, Consumer Electronics, Aerospace & Defense, Healthcare, Others.The health care segment is expected to grow significantly due to growing adoption of wireless technology in improve surgical process and performance of medical devices.
By Region, Global Wireless Charging Market can be segmented intoNorth America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regional Analysis
Regionally, Asia Pacific Wireless Charging Market is expected to grow significantly due to growing demand for consumer electronics. Increasing standard of living and rising disposable income is expected to influence the growth of the Wireless Charging Market in this region.
North America Wireless Charging Market holds the largest market share due to growing adoption of electric vehicles and large consumer base for electronics.
Competitive Analysis
The key players in Global Wireless Charging Marketare Convenient Power Ltd., Evatran LLC, Integrated Device Technology, MediaTek, Inc., Texas Instruments, Inc.,Energizer Holdings Inc.,Murata Manufacturing Co. Ltd., GETPOWERPAD,Powercast Corporation, Powermat Technologies, Leggett & Platt, Qualcomm Incorporated, Mojo Mobility, Samsung Electronics, Co., Ltd., WiTricity Corporation and other market players.
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