Wireless Charging Market Growing Trends and Demands Analysis Forecast 2021-2030
Posted by Vedika on April 7th, 2021
The Global Wireless Charging Market size is estimated to be USD 8.45 billion in 2019 and is predicted to reach USD 93.30 billion by 2030 with a CAGR of 24.4% from 2020-2030.
Wireless Charging is the energy transmission from the source to the device without wires. The wireless charging device is consists of transmitter which transfer the energy from the source and a receiver which receives energy from the source. It provide wide advantage over the conventional charging which includes cables and wires and maintains the continuous flow of energy from the source to the device and it can be used in various devices such as smart phones handheld devices and others.
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Top Companies: Semtech Corporation, Qualcomm Incorporated, Integrated Device Technology, Inc., Texas Instruments Incorporated, Leggett & Platt, Incorporated, Energizer Holdings, Inc., WiTricity Corporation, Powermat Technologies, Mojo Mobility, Inc and others.
The global wireless Charging market share is analyzed on the basis of technology, application and geography. On the basis of product, the market is segmented into Inductive, Resonant, Radio Frequency (RF) and others. On the basis of application, the market is divided into Electronics, Automotive, Industrial, Healthcare, and Aerospace & Defense. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
North America is expected to hold the major market share over the forecast period owing to the increased adoption of wireless charging. Furthermore, increase in technological advancement and increased use of smart devices is expected to promote the market growth over the forecast period. Asia Pacific is expected to show a rapid growth with gradual increase in market share over the forecast period. The increased adoption of advanced technology coupled with increase in the IoT, increased demand of wearable devices coupled with increased demand of electrical vehicles are further expected to expand the market significantly.
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About the AuthorVedika
Joined: November 28th, 2020
Articles Posted: 128
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