The global wireless charger market analysis 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. The report provides detailed insights into wireless charger market analysis trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in wireless charger market analysis size over the forecast period, 2020–2028. Global wireless charger market analysis growth is primarily driven by growing demand for wireless charging technologies and devices, and demand is especially high in the healthcare industry. The Wireless Charging report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Growing demand for electric vehicles is further expected to boost growth of the global wireless charger market analysis growth over the forecast period. Varying market trends can be attributed to inclining revenue growth of the global wireless charger market analysis going ahead. wireless charger market analysis trends include rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition. Other positive wireless charger market analysis trends include rising demand and deployment in respective sectors/industries in major and developing countries. In addition, implementation of favorable government policies, advancements in technology, and steady economic growth across various regions and countries are factors expected to continue to result in further wireless charger market analysis trend evolution and changes going ahead. Demand for electric cars is growing at a rapid pace due to advantages such as reduced maintenance and cost-effective functionality. Electric vehicles (EVs) are powered by battery packs, which are charged with electricity.
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In terms of wireless charger market analysis share and revenue contribution to the global wireless charger market analysis, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in wireless charger market analysis share.
The market intelligence report on the Wireless Charging Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
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.
- In October 2019, WiTricity Corporation entered into a technology transition and license deal with Green Power. The partnership allows Green Power to exploit the reference model and emerging technology development for WiTricity’s wireless electric vehicle charging solutions.
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Region wise performance of the Wireless Charging industry
North America wireless charger market analysis trend scenario has significant impact on other regional market trends. North America wireless charger market analysis accounted for largest revenue share in 2020 and is expected to continue to maintain its dominance over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall wireless charger market analysis trends.
Asia Pacific wireless charger market analysis is expected to register comparatively faster revenue growth than other regional markets over the forecast period. This can be attributed to varying wireless charger market analysis trend scenarios in countries such as China, India, South Korea, and others. These scenarios with regard to domestic market trends and international market trends and varying impacts play a major role in growth of the Asia Pacific market.
Asia Pacific market share contribution to the global wireless charger market analysis is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Increasing population, favorable government policies and initiatives, rising disposable income among consumers in countries in the region, influence of wireless charger market analysis trends in other countries and regions, and steady economic growth are some key factors driving market revenue growth of the Asia Pacific wireless charger market analysis.
Europe wireless charger market analysis size and revenue growth is primarily supported by wireless charger market analysis trends such as continuous developments in major countries in the region, robust focus on research and development initiatives by major firms, and changing market trends in countries in other major regions.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Wireless Charging industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the wireless charger market analysis across different regions?
- Who are the major driving forces expected to decide the fate of the Wireless Charging industry worldwide?
- Who are the prominent market players making a mark in the wireless charger market analysis with their winning strategies?
- Which Wireless Charging industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the wireless charger market analysis?
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