IMARC Group’s latest research report, titled “Wireless Charging Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the industry, which comprises insights on the global wireless charging market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global wireless charging market size reached US$ 17.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.1 Billion by 2032, exhibiting a growth rate (CAGR) of 11.8% during 2024-2032.
Wireless Charging Market Overview:
Wireless charging is an innovative technology that enables devices to charge without requiring physical connections or cables. This technology operates based on magnetic resonance, wherein an electromagnetic field is induced between two objects through coils to transmit electric current. Compared to traditional wired charging systems, wireless charging offers numerous advantages, including enhanced convenience, safety, reliability, durability, and cost-effectiveness. It has the ability to eliminate wear and tear on charging ports caused by frequent plugging and unplugging of cables. This reduction in physical stress on devices helps prevent potential damage, such as frayed cords or bent connectors, that often occurs with traditional charging methods.
As a result, this technology has gained popularity in various applications, including charging electric vehicles (EVs) and powering electronics like wearables, tablets, smartphones, laptops, electric toys, power tools, service robots, and medical devices.
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Global Wireless Charging Market Trends:
The increasing demand for efficient charging systems is driving the global market. Moreover, the widespread adoption and dependence on mobile devices such as smartphones, smartwatches, and earbuds also contribute to a positive market outlook.
Additionally, the rising popularity of electric vehicles (EVs) has prompted major companies to invest heavily in developing safe and efficient battery chargers, optimizing charging speeds, and extending charging ranges, further boosting the market. Governments worldwide are also supporting this trend by offering lucrative incentives and funding initiatives to promote EV adoption and develop corresponding charging infrastructure. The expansion of Internet of Things (IoT) devices, including smart home gadgets, wearables, and connected devices, has further fueled the demand for seamless and efficient charging solutions, further contributing to the market’s growth and impact in a favorable manner.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/wireless-charging-market
Competitive Landscape with Key Players:
- Convenient Power HK Limited
- Energizer Holdings, Inc
- Integrated Device Technology
- Leggett & Platt Incorporated
- Murata Manufacturing Co. Ltd
- Powermat Technologies Ltd.
- Qualcomm Incorporated
- Texas Instruments Incorporated
- Witricity Corporation
- Samsung
Key Market Segmentation:
Breakup by Technology:
- Resonant Charging
- Radio Frequency Based charging
- Others
Breakup by Application:
- Consumer Electronics
- Industrial
- Healthcare
- Automotive
- Defence
Breakup by Transmission Range:
- Short Range
- Medium Range
- Long-Range Wireless Chargers
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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