Global Wireless Charging Industry to 2030 – Rising Smartphone Sales and Growing Electric Vehicle Adoption Are Driving Factors

DUBLIN, January 19, 2022–(BUSINESS WIRE)-The “Wireless Charging Market by Technology and Industry Vertical – Global Opportunity Analysis and Industry Forecast 2021-2030” report has been added to from ResearchAndMarkets.com offer.

The global Wireless Charging Market size was valued at USD 12.68 Billion in 2020 and is projected to reach USD 185.90 Billion by 2030 growing at a CAGR of 30.0% from 2021 to 2030.

Wireless charging allows the transmission of energy from a power source to a device without the use of a connecting wire or cable. It works on the principle of magnetic resonance or inductive power transfer, where the passage of electric current through a coil leads to a changing magnetic field around that coil which in turn induces a current in another coupled coil. Wireless charging offers convenient and safe charging solutions and hence is increasingly being adopted in various electronic applications such as smartphones, laptops and other portable devices.

Rising smartphone sales and growing adoption of electric vehicles are the major drivers of the wireless charging market. Additionally, increasing adoption of wireless charging in industrial and healthcare applications for continuous power supply as well as its ability to charge multiple devices at the same time is also driving the market growth. Moreover, the growth of the market is propelled by other factors such as the rapidly changing wearable electronics market and the emerging need to harvest energy from RF sources.

However, the costly infrastructure required for wireless charging integration is expected to hamper the market growth throughout the forecast period. On the other hand, factors such as growing research in the field of wireless technologies and growing popularity of Internet of Things (IoT) among consumers are expected to create many growth opportunities for the market.

Lucrative growth opportunities make the wireless charging market more competitive. Major market players include Samsung Electronics Co. Ltd., Qualcomm Incorporated, Texas Instruments, Integrated Device Technology Inc., Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings Inc., Murata Manufacturing Co. Ltd., Sony Corporation, and Fulton Innovation LLC.

The story continues

Various developments have taken place in the past and will take place in the near future, which is further expected to drive the growth of the market. For example, in February 2019, Qualcomm Technologies Inc., a subsidiary of Qualcomm Incorporated, announced Qualcomm Quick Charge technology for wireless power, bringing its years of fast charging innovation to the wireless charging industry. and helping consumers wirelessly charge their devices quickly, safely and efficiently.

Main topics covered:

1. Introduction

2. Wireless Charging Market – Summary

3. Analysis of Porter’s Five Forces Model

3.1. Bargaining power of suppliers

3.2. The bargaining power of buyers

3.3. degree of competition

3.4. Replacement Threat

3.5. The threat of new entrants

4. Market Overview

4.1. Market definition and scope

4.2. Market dynamics

5. Global Wireless Charging Market, By Technology

5.1. Overview

5.2. Inductive

5.3. Resonant

5.4. Radio frequency

5.5. Others

6. Global Wireless Charging Market, By End User Industry

6.1. Overview

6.2. Consumer electronics

6.3. Automobile

6.4. Industrial

6.5. Health care

6.6. Aeronautics and Defense

7. Global Wireless Charging Market, By Region

8. Company Profiles

For more information on this report, visit https://www.researchandmarkets.com/r/bevum4

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220119005776/en/

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