The global wireless charging market size reached USD 3.52 Billion in 2020 and is expected to register a significantly robust CAGR of 23.8%, during the forecast period, according to latest analysis by Emergen Research. Global wireless charging market growth is primarily driven by growing demand for wireless charging technologies and devices, and demand is especially high in the healthcare industry. Growing demand for electric vehicles is further expected to boost growth of the global wireless charging market growth over the forecast period.
The latest report by emergen research, titled ‘Global Wireless Charging Market’, covers the current situation of the Wireless Charging Market that has been gravely impacted by the COVID-19 outbreak. The market intelligence report analyzes the pandemic’s drastic impact on the global economy, including the severe disruptions to this business sphere. The coronavirus outbreak has beleaguered the Wireless Charging Market business landscape and posed severe threats to the developmental scope of various manufacturers and buyers involved in this sector. The report further discusses the profound impact of the global health crisis on the existing market scenario, accompanied by speculations about its post-COVID-19 scenario.
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Covid 19 analysis:
The current COVID-19 pandemic is expected to have an effect on the growth of the Wireless Charging Market industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Wireless Charging Market sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Wireless Charging Market industry.
Some Key Highlights in the Report
Inductive segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing application of inductive technology for smartphones, smartwatches, laptops, and Qi wireless charging protocol is expected to boost growth of this segment.
In terms of revenue, the consumer electronics segment is expected to lead due to rising adoption of wireless chargers for consumer electronic products.
Increasing developments in the automobile industry and rising demand for wireless charging for consumer electronics and medical equipment is prompting manufacturers to investment into wireless charging technologies in countries in North America, which is expected to further support growth of the market in the region over the forecast period.
Key players in the market include :
Texas Instruments Inc., Samsung Electronics Co., Ltd., Qualcomm Incorporated, WiTricity Corporation, NXP Semiconductors N.V, Powermat Technologies Ltd, TDK Corporation, Energous Corporation, Ossia Inc., and ZenS B.V.
Summary of the key points of the report:
Company Profiles: This component of the report depicts the company profiles of the leading players participating in the Wireless Charging Market industry. The market value & volume, production capacity, product portfolios, and other vital aspects of these players have been assessed in this report.
Report Overview: This section provides data and information pertaining to the key market manufacturers, their product offerings, historical and future timelines considered, and market scope. It further highlights the principal market segments, including product types, application gamut, end-user industries, and regional analysis.
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Emergen Research has segmented the global wireless charging market on the basis of technology, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2021–2028)
End-use Outlook (Revenue, USD Billion; 2021–2028)
Comprehensive Regional Analysis Covers the Following Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the Wireless Charging Market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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Key questions addressed in the report:
What is the projected growth rate likely to be witnessed by each market region?
Which of the leading Wireless Charging Market regions accounts for the maximum market share over the forecast years?
What sales estimates every region is expected to hold in the Wireless Charging Market in the near future?
What is each regional segment’s current valuation?
What are the estimated remunerations of these regions over the forecast timeline?
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Wireless Charging Market Segmentation & Impact Analysis
4.1. Wireless Charging Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
184.108.40.206. Surging adoption of HMD in different industries
220.127.116.11. Increasing demand for micro displays used in wearable devices
4.2.3. Market restraints analysis
18.104.22.168. Saturation of markets for digital cameras and projectors
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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