Wireless Charging Market Production Value, Gross Margin Analysis, Sales, Demand, and Global Research Report 2023

Market Synopsis of Wireless Charging Market

Market Scenario

Wireless power transmission is not a new concept to this world, it was founded in early 1891 when Nikola Tesla demonstrated the wireless power transmission model to this world without any use of wires. Today, Wireless Charging have various technology such as Inductive Coupling, Capacitive Coupling, RF among others.

High demand for Smartphones

High demand for the smartphones are one of the major driving factor for the market of wireless charging. Consumer electronic segments accounted for 31.53% of market share in the global wireless charging market where Smartphones segment accounted for 51.46% of total market share. Increasing disposable income around the world is leading to the high expenditure on the electronic products which includes purchase of smartphones and wearable devices. A study shows that the total shipment of smartphones around the was estimated to be at 1.5 billion in the year 2016 which is expected to grow at 2 billion shipments by the end of year 2023.

The global Wireless Charging Market is expected to reach USD 24.05 billion by the end of 2023 with 32.56% CAGR during forecast period 2017-2023.

Key Players:

The prominent players in the market of Wireless Charging market are – Samsung Electronics Co Ltd. (South Korea), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), NXP Semiconductors (Netherlands), Powermat Technologies Ltd (Israel), WiTricity Corporation (U.S.), PowerbyProxi (New Zealand), Qualcomm Inc. (U.S.), TDK Corporation (Japan), Convenient Power HK Limited (China) among others.

Regional Analysis:

Regional analysis of Wireless Charging market consists four major regions where the study of key countries has been done. Wireless charging market holds immense opportunities in the Asia pacific region which is dominating the market. factors such as high demand for the consumer electronic products in Asia pacific, high technological advancement in North America and rich presence of automotive industry in the Europe is supporting the market of Wireless charging market.

Intended Audience

  • Smartphone Manufactures
  • Battery Manufacturers
  • Technology Providers
  • Wireless Charger Manufactures
  • Chip Manufacturers
  • Wireless Charger Suppliers
  • Distributors
  • Research firms
  • Consultancy firms
  • Semiconductor Manufacturers
  • Stakeholders
  • End-user sectors
  • Technology Investors

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact:

Akash Anand,

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: akash.anand@marketresearchfuture.com

Akash Sangshetti is an IT Engineer by education and a technology enthusiast by passion. He has a stint of experience in Blogging and SEO and loves to write.

Global Wireless Charging Market To Exceed USD 20 Billion By 2024

Wireless Charging Market

Wireless charging market is expected to grow beyond USD 20 billion by 2024. Elimination of cables allows clutter-free charging, which has impelled the consumption levels. Another growth driving factor for the global market includes the growing demands for smartphones, specifically in India, China, and South Korea. The rise in infrastructural development, digitization, and network communications has also driven the growth. Moreover, rising demands across the automotive industry on account of the increased sales of electric vehicles is also a key market driver. The global market is segregated as applications, technologies, and regions.

The application sector includes defense, consumer, automotive, healthcare, and industrial. The consumer application sector led the global market and is expected to generate a revenue share of more than USD 16 billion by 2024. Rising demands for wireless chargers is likely to augment the segment. The healthcare sector is projected to be the most lucrative application sector, with a CAGR of over 38 % over the forecast period (from 2016 to 2024).

The technology sector comprises resonant, Radio Frequency (RF), and inductive. Inductive wireless charging market led the overall technology sector, particularly in the automotive industry, in 2015. However, this technology is inconvenient for a multi-device ecosystem since it permits just a single device to be charged per coil. The RF technology sector is expected to exceed USD 3.5 billion by 2024 growing at a CAGR of over 45 % from 2016 to 2024. This is mainly because it eradicates the necessity for appropriate alignment in case of any small devices.

Regionally, the United States occupied over 30 % of the total revenue in 2015. High tendency to spend on these devices because of the high levels of technological awareness and advancements are anticipated to favorably impact the market growth. In addition to this, significant technological proliferation across various application sectors is also likely to be a key growth driver. The Asia-Pacific wireless charging market is projected to reach USD 12 billion by 2024 growing at a healthy CAGR of over 35 % during the estimated years.

The major companies in the global market include WiTricity Corp.; PowerbyProxi Ltd.; Qualcomm Inc.; and Integrated Device Technology Inc. (IDT). New players generally work together with technology providers and then launch their products. However, huge set-up costs may pose a challenge to these new companies that want to establish and develop their market presence.

Susan Hill is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

US Wireless Charging Market Report 2017-2022 : Industry Trends and Analysis

DecisionDatabases.com announces a new report “2017-2022 United States Wireless Charging Market Report (Status and Outlook)” added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.

The Wireless Charging market size will be XX million (USD) in 2022 in United States, from the XX million (USD) in 2016, with a CAGR (Compound Annual Growth Rate) XX% from 2016 to 2022.

Browse Full Report with TOC @
http://www.decisiondatabases.com/ip/16023-united-states-wireless-charging-market-analysis-report

In United States market, the top players include many company. With key sales data like sales (volume), revenue, market share for top players, such as
• Samsung
• Ergo(AirCharge)
• BEZALEL
• FONE
• IOttie
• Lenmar
• Gill Electronics
• NXP Semiconductors
• Humavox
• Semtech Corporation
• Integrated Device Technology, Inc.

Split by product types/category, covering many types. with sales, revenue and market share for each type, such as
• Residential use
• Commercial use

Split by applications/end use industries, covers many application. This report focuses on sales, market share and growth rate of Wireless Charging in each application, such as
• Receiver Applications
• Transmitter Applications

Download Free Sample Report of United States Wireless Charging Market @
http://www.decisiondatabases.com/contact/download-sample-16023

Table of Contents – Snapshot
1 Market Overview
2 United States Wireless Charging Sales, Revenue (Value) and Market Share by Vendors/Manufacturers
3 United States Wireless Charging Sales, Revenue (Value) by Type and Application (2012-2017)
4 United States Wireless Charging Vendors/Manufacturers Profiles and Sales Data
5 Production Cost Analysis of Wireless Charging
6 Value Chain, Purchasing Strategy and Downstream Buyers
7 Marketing Strategy Analysis, Distributors/Traders
8 Market Influences Factors Analysis
9 United States Wireless Charging Market Forecast (2017-2022)
10 Research Findings and Conclusion
11 Appendix

Order the Complete United States Wireless Charging Market Research Report @
http://www.decisiondatabases.com/contact/buy-now-16023

Other Related reports –
2017-2022 China Wireless Charging Market Report (Status and Outlook) @
http://www.decisiondatabases.com/ip/16020-china-wireless-charging-market-analysis-report

About Us:
DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.

Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise and meaningful data at a lightning speed.

Follow us on LinkedIn for our latest upcoming reports – https://www.linkedin.com/company/decisiondatabases-com

For more details:
DecisionDatabases.com
E-Mail: sales@decisiondatabases.com
Phone: +91 99 28 237112
Web: www.decisiondatabases.com/