Selbyville, Delaware, Global Wireless Charging Market Report available at MarketStudyReport.com gives an industry overview of the Wireless Charging, which covers product scope, market revenue, opportunities, growth rate, sales volumes and figures. The report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2028.global market for wireless charging would witness a CAGR of 24.89 % over the forecast period 2019-2028.
The rising need for convenient and effective charging systems is driving the growth of the global market. Further, the growing usage of smartphones & other such wearable devices, along with the strong growth of the electric vehicles market, is fuelling the market growth. There is an increasing preference for smart homes & smart offices of late. Also, various industries have been designing products with in-built wireless charging. These factors are creating some opportunities for market growth. However, wireless charging-enabled devices charge at a slow speed. They are less efficient and costly, as well. This is restraining the market growth. Moreover, the lack of a proper EV charging infrastructure is creating further obstacles for growth.
The global market spans across the regions of North America, Latin America, Europe, the Middle East and Africa, and the Asia-Pacific.
The Asia-Pacific is estimated to be the fastest-growing region in the global market over the estimated period. The growth in this market can be attributed to the high consumer demand for automobiles in the region. Four out of the top ten globally-renowned automobile manufacturers are located in the region, and thus, the market for electric vehicles in APAC is also strong. The growing populace, rapid urbanization, and rising disposable incomes have been instrumental in the growth of the EV market. The growth in the regional EV market, in turn, spells growth for the wireless charging market in the Asia-Pacific during the forecast period.
The top companies that have been studied in this market include Texas Instruments Incorporated, NXP Semiconductors, Aircharge, Powermat, Qualcomm Technologies Inc, Semtech, Belkin International Inc, NuCurrent, Infineon Technologies AG, WiTricity Corporation, ConvenientPower HK Limited, Renesas Electronics Corporation (Integrated Device Technology Inc), Energous Corporation, TDK Corporation, and Samsung.
Samsung is one of the leading companies in the world for consumer electronics. Its product portfolio includes smartphones, desktops, laptops, wearables, tablets, virtual reality (VR), wireless speakers, televisions (TVs), home theatres, stereo shelf systems, headphones, accessories, printers, monitors, refrigerators, wall ovens, microwaves, memory & storage devices, cooktops & hoods, washers, dishwashers, dryers, vacuums, etc. The company has a strong geographical footprint, with operations in the Americas, Asia- Pacific, Europe, and Africa. In February 2020, Samsung launched new Galaxy Buds+, having eleven hours of music playback. These earplugs come with a 270mAh wireless charging case.
TABLE OF CONTENTS
- IMPACT OF COVID-19
- KEY INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTE
- BARGAINING POWER OF BUYERS
- BARGAINING POWER OF SUPPLIERS
- THREAT OF COMPETITIVE RIVALRY
- KEY MARKET STRATEGIES
- MARKET OUTLOOK – BY PRODUCT
- MARKET OUTLOOK – BY APPLICATION
- MARKET – REGIONAL OUTLOOK
- COMPETITIVE LANDSCAPE
- RESEARCH METHODOLOGY & SCOPE
- RESEARCH SCOPE & DELIVERABLES
- RESEARCH METHODOLOGY
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