Market Research Future (MRFR) has published a cooked research report on the “Global Wireless Charging Market”.
MRFR recognizes the following companies as the key players in the global Wireless Charging market— Samsung Electronics Co. Ltd., Qualcomm Incorporated, Texas Instruments, Integrated Device Technology Inc., Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings Inc., Murata Manufacturing Co. Ltd., Sony Corporation, Fulton Innovation LLC, and Renesas Electronics Corporation.
The global Wireless Charging market is accounted to register a CAGR of 22.20% during the forecast period and is estimated to reach USD 35.8 Billion by 2032.
The wireless charging market encompasses the industry of cordless charging technologies that allow electronic devices to charge without conventional wired connections, offering convenience and flexibility for a range of consumer electronics and automotive applications.
The global Wireless Charging market has been segmented based on Technology, Components and Application.
On the basis of Technology, the market is segmented into inductive coupling, capacitive coupling, and others. The market was dominated by the inductive coupling category, which generated the most revenue. The entire inductive connection system is made up of the battery and charger pad. Planar coils in each component deliver energy from the charging pad to the battery.
Based on Components, the global Wireless Charging market has been segmented into transmitters and receivers. Due to multiple devices being charged by a single source, the receivers category brought in the most money. Because of this, there are more electric cars on the road than there are charging stations.
Based on Application, the global Wireless Charging market has been segmented into consumer electronics, industrial, infrastructure, automotive, and others. Due to the growing popularity of electric vehicles and the consequent rise in demand for electric chargers, the automotive industry made the highest revenue. Wireless EV chargers are expensive per unit, which raises the market's revenue share for the car sector.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Wireless Charging Market Research Report
The global Wireless Charging market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Wireless Charging market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Wireless Charging market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Wireless Charging market comprises of Middle East, Africa, and Latin America.
The North American Wireless Charging Market dominated this market in 2022 because more people are using cellphones. Additionally, the rising sales of electric vehicles will promote market expansion in this area.
Additionally, Due to its highly developed and contemporary manufacturing facilities for electric vehicle charging stations, Europe holds the second-largest market share for wireless charging devices. Additionally, the UK Wireless Charging market had the quickest rate of growth in the European region, while the German Wireless Charging market had the largest market share.
Moreover, Due to the sufficient availability of cutting-edge electric car manufacturing facilities and contemporary research & development facilities, the Asia-Pacific Wireless Charging Market is anticipated to grow at the fastest CAGR from 2023 to 2032. Additionally, the Indian Wireless Charging market had the Asia-Pacific region's quickest rate of growth and China's Wireless Charging market had the greatest market share.
Key Findings of the Study