What is the global market size of Wireless Charging Market?

Wireless Charging Market size was valued at USD 5.36 billion in 2021 and is poised to grow from USD 6.39 billion in 2022 to USD 26.06 billion by 2030, at a CAGR of 19.2% during the forecast period (2023-2030).

Who are the key vendors in the Global Wireless Charging Market?

Global Wireless Charging Market is witnessing intense competition among key players operating in the industry. The market is characterized by the presence of several established companies as well as emerging players, all striving to gain a significant market share. These companies are continuously engaged in research and development activities to enhance their product offerings and stay ahead in the competitive landscape. The global wireless charging market is further intensified by the entry of new players. Startups and smaller companies are introducing novel wireless charging technologies, disrupting the market and challenging the dominance of established players. These emerging players often focus on niche markets or specific applications, offering unique solutions that cater to specific customer demands. In addition to the hardware and device manufacturers, there is also a competitive landscape in the software and infrastructure segment of the wireless charging market. Companies are developing software solutions and infrastructure to enable seamless wireless charging experiences. This includes the development of charging management systems, wireless power transfer algorithms, and integration with smart home and IoT ecosystems. 'Qualcomm Incorporated (US)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Apple Inc. (US)', 'Texas Instruments Incorporated (US)', 'Broadcom Inc. (US)', 'Toshiba Corporation (Japan)', 'Energizer Holdings, Inc. (US)', 'Sony Corporation (Japan)', 'Panasonic Corporation (Japan)', 'Powermat Technologies Ltd. (Israel)', 'Integrated Device Technology, Inc. (US)', 'NXP Semiconductors N.V. (Netherlands)', 'Murata Manufacturing Co., Ltd. (Japan)', 'WiTricity Corporation (US)', 'PowerbyProxi Ltd. (New Zealand)', 'ConvenientPower HK Limited (Hong Kong)', 'ZTE Corporation (China)', 'Powercast Corporation (US)', 'PowerSphyr Inc. (US)'.

What is the key driver of Global Wireless Charging Market?

The proliferation of electronic devices such as smartphones, tablets, smartwatches, and wireless earbuds has driven the demand for wireless charging solutions. Consumers are increasingly looking for convenient and hassle-free charging methods that eliminate the need for cables and connectors. This driver has led to the integration of wireless charging capabilities in a wide range of devices. For example, Apple's latest iPhone models, Samsung Galaxy smartphones, and various other electronic gadgets now support wireless charging.

What is the key market trend for Global Wireless Charging Market?

Integration of wireless charging in furniture and public spaces: A growing trend in the wireless charging market is the integration of charging capabilities in furniture and public spaces. Furniture manufacturers are incorporating wireless charging pads into desks, tables, and nightstands, allowing users to conveniently charge their devices while using or resting them on the furniture. Moreover, various public spaces such as airports, restaurants, and hotels are installing wireless charging stations to provide charging facilities to their customers. This trend enhances the accessibility and convenience of wireless charging, making it more prevalent in daily life.

Which region accounted for the largest share in Global Wireless Charging Market?

North America dominated the Global Wireless Charging Market, with a market share of over 35%. This region's dominance can be attributed to the high adoption rate of smartphones and other mobile devices, coupled with the presence of several key market players. The United States is the largest market for wireless charging in North America, with significant demand from consumers and businesses alike.

Wireless Charging Market Size, Share, Growth Analysis, By Charging Type(Stationary Wireless Charging Systems, Dynamic Wireless Charging Systems), By Component(Base Charging Pads, Power Control Units, Vehicle Charging Pads), By Charging System(Magnetic Resonance Charging, Inductive Charging, Capacitive Charging), By Application(Home Charging Units, Commercial Charging Stations), By Power Supply Range(UP TO 3.7 KW, ABOVE 3.7-7.7 KW, ABOVE 7.7–11 KW, ABOVE 11 KW), By Vehicle Type(Passenger Cars, Passenger Cars, Commercial Vehicles (Electric Buses, Electric Vans), By Propulsion(Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45J2149 | Region: Global | Published Date: August, 2024
Pages: 197 | Tables: 66 | Figures: 74

Wireless Charging Market Competitive Landscape

Top Player’s Company Profiles

Qualcomm Incorporated (US)
Samsung Electronics Co., Ltd. (South Korea)
Apple Inc. (US)
Texas Instruments Incorporated (US)
Broadcom Inc. (US)
Toshiba Corporation (Japan)
Energizer Holdings, Inc. (US)
Sony Corporation (Japan)
Panasonic Corporation (Japan)
Powermat Technologies Ltd. (Israel)
NXP Semiconductors N.V. (Netherlands)
Murata Manufacturing Co., Ltd. (Japan)
WiTricity Corporation (US)
ConvenientPower HK Limited (Hong Kong)
ZTE Corporation (China)
Powercast Corporation (US)
PowerSphyr Inc. (US)
Ossia Inc. (US)
Energous Corporation (US)
Plugless Power LLC (US)
Semtech Corporation (US)
Renesas Electronics Corporation (Japan)

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Who are the key vendors in the Wireless Charging Market?

Wireless Charging Market providers need to focus on maximizing their business scope by reaching into new markets and developing wireless charging for different industrial and personal uses. Raising new capital to fund their R&D and business expansion efforts will be essential for new wireless charging companies going forward. The development of custom robots for specific applications across different industry verticals will also help companies expand their sales potential in the future. 'Qualcomm Incorporated (US) ', 'Samsung Electronics Co., Ltd. (South Korea) ', 'Apple Inc. (US) ', 'Texas Instruments Incorporated (US) ', 'Broadcom Inc. (US) ', 'Toshiba Corporation (Japan) ', 'Energizer Holdings, Inc. (US) ', 'Sony Corporation (Japan) ', 'Panasonic Corporation (Japan) ', 'Powermat Technologies Ltd. (Israel) ', 'NXP Semiconductors N.V. (Netherlands) ', 'Murata Manufacturing Co., Ltd. (Japan) ', 'WiTricity Corporation (US) ', 'ConvenientPower HK Limited (Hong Kong) ', 'ZTE Corporation (China) ', 'Powercast Corporation (US) ', 'PowerSphyr Inc. (US) ', 'Ossia Inc. (US) ', 'Energous Corporation (US) ', 'Plugless Power LLC (US) ', 'Semtech Corporation (US) ', 'Renesas Electronics Corporation (Japan) '

What is the key driver of Wireless Charging Market?

Wireless charging offers convenience of simply placing the device on the dedicated charging pad and eliminates the hassle of cables for consumers. This easy usage is one of the major drivers for the adoption of wireless charging technology. Furthermore, as consumers increasingly prefer devices and products that minimize clutter, the demand for wireless charging is growing.

What is the key market trend for Wireless Charging Market?

Integration with Smart Grids: The incorporation of wireless charging with intelligent grids is demonstrating a dynamic charging service. By using real-time data on grid availability and energy demand, electric mopeds or two-wheelers can better use renewable and clean energy sources, contributing to environment-friendly urban mobility.

Which region accounted for the largest share in Wireless Charging Market?

Region-wise, North America held the majority share of the market in the past years and is expected to continue dominance over the forecast period as well owing to advancements in technologies and a strong consumer electronics market. Well-developed nations like Canada and the United States are hubs for innovation and technology. Companies in these regions are leading with the adoption of modernizing and developing new technologies like wireless charging technology. The market in the region is also propelled by higher demand for consumer electronics including electric vehicles, which benefits from the said technology. The key market players operating in North America include Qualcomm Inc., Energous Corporation, Fulton Innovation LLC, WiTricity Corporation, Texas Instruments Incorporated, and more.

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