The “Wireless Charging Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Wireless Charging Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The wireless charging market is anticipated to reach around USD 95.6 billion by 2026. In 2017, the consumer electronics segment dominated the global market in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global wireless charging market revenue during the forecast period.
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The wireless charging market has substantial potential for the present and future applications, owing to the rise in the mobile phone usage across the world, especially emerging regions such as India, China and South-East Asia. The growing demand for mobile devices and consumer goods drives the growth of the market during the forecast period. The wireless charging market is expected to grow significantly during the forecast period owing to increasing popularity of electric vehicles. Wireless charging has multiple applications in the EV technology including fuel supply, and in-car electronics. However, factors such as lack of standardization of mobile devices and their charging potentials, longer charging duration, and limited portability hamper the market growth to a certain extent. Growing demand from emerging economies, increasing adoption of IoT and smart devices are expected to provide numerous growth opportunities in the coming years.
Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global wireless charging market throughout the forecast period. The economic growth in countries such as China and India, leading to rising living standards and high disposable income has increased the penetration of smart phones and other mobile devices in the region, thereby increasing the demand for wireless charging. The increasing environmental concerns and depletion of traditional fuel sources have encouraged consumers to use electric vehicles in the region. China exhibits the highest penetration of electric vehicles, which supports market growth of wireless charging.
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The key players operating in the market include Integrated Device Technology, Mojo Mobility, Power cast Corp., Texas Instruments, Energizer Holdings, Leggett & Platt, Incorporated, Qualcomm Incorporated, Power mat Technologies Ltd., Convenient Power, and Murata Manufacturing Co. Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Aim of the Report
- This study aims to determine the market size of various segments and countries with forecast values for next ten years.
- Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
- It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
- The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
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