Global Wireless Charging Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Wireless Charging market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global wireless charging market is forecast to grow at a compound annual growth rate (CAGR) of more than 23% during the forecast period from 2021-2030.
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A wireless charger transmits energy wirelessly from a power source to a device without the need for wires or cables. These devices consist of a charging station (or transmitter) that transmits energy and a receiver (built into the gadget) that receives energy and charges batteries.
The wireless charging technology is safe, convenient, and reliable. A physical cable or connector is no longer needed, thus providing efficiencies, cost-effectiveness, and safety advantages over conventional charging systems. Additionally, it transfers power continuously to ensure all devices have been charged and are ready for use.
Factors Affecting
Due to excessive internet usage, many smartphones and devices have a problem charging, an issue that resolves by using a fast-wireless base charger. Wireless charging will grow significantly in the coming years as more people demand efficient charging systems.
Electronics wireless charging is forecast to grow significantly due to the increasing adoption of efficient charging systems for portable electronics and wearable devices, which increase the durability of the devices.
The Internet of Things (IoT) is gaining popularity and considering the third wave of technology. The support of wireless charging is also a prime requirement of devices targeted by the Internet of Things – such as smartphones, digital cameras and camcorders, laptops and tablets, wearables, and household electronics. Therefore, the growing popularity of the IoT market will create opportunities for market growth.
The growth of the wireless charging market during the forecast period is likely to be driven by an increase in sales of electric vehicles (EVs), an evolving portable electronics and wearables market, and the need to harvest ambient RF energy frequently.
Due to the high cost of the integration technology and the slower charging speeds relative to other charging technologies, the market is forecast to grow slowly.
There will be lucrative opportunities for market growth in the future due to increased research into wireless charging technologies and increased adoption of the Internet of Things (IoT).
Impact Analysis of COVID-19
Globally, the COVID-19 pandemic has wreaked havoc on all aspects of society. In various regions, partial or complete lockdowns led to significant economic losses, and wireless charging was no exception. During the interruption in the supply chain, market players had difficulty procuring raw materials and delivering finished goods. The COVID-19 pandemic consequently slowed down the wireless charging market growth during the pandemic.
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Regional Analysis
During the base year, North America had the largest revenue share due to the expansion of the electronics market and the increase in electronic device sales in the region. Europe is the second-largest revenue contributor, which is forecast to grow significantly over the forecast period due to increased demand for fuel-efficient and long-charging systems for electronic devices, such as portable devices and power tools.
Leading Competitors
The leading prominent competitors in the global wireless charging market are:
- Energizer Holdings Inc. (U.S.)
- Fulton Innovation LLC (U.S.)
- Integrated Device Technology Inc. (U.S.)
- Murata Manufacturing Co. Ltd. (Japan)
- Powermat Technologies Ltd. (Middle East)
- Qualcomm Incorporated (U.S.)
- Samsung Electronics Co. Ltd. (South Korea)
- Sony Corporation (Japan)
- Texas Instruments (U.S.)
- WiTricity Corporation (U.S.)
- Other Key Manufacturers.
Scope of the Report
The global wireless charging market segmentation focuses on Technology, Application, Implementation, Industry Vertical, and Region.
Segmentation based on Technology
- Magnetic Resonance
- Inductive
- Radio Frequency
Segmentation based on Industry Vertical
- Automotive
- Consumer Electronics
- Healthcare
- Others
- Aerospace
- Industrial
Segmentation based on Implementation
- Transmitters
- Receivers
- Aftermarket
- Integrated
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
What is the goal of the report?
-The market report presents the estimated size of the ICT market at the end of the forecast –period.
-The report also examines historical and current market sizes.
-During the forecast period, the report analyzes the growth rate, market size, and market valuation.
-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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