Global Wireless Charging Market - 2023-2030

Global Wireless Charging Market - 2023-2030

Market Overview

The global wireless charging market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 27.3% during the forecast period (2023-2030).

Wireless charging has recently attracted much interest from the manufacturing sector, particularly the smartphone sector. With Apple's introduction of wireless charging in its latest iPhone models, the technology is now more generally known and anticipated by both consumers and businesses. With technology becoming so convenient, it won't be long before wireless charging is the sole option for powering devices.

Market Dynamics

Wireless charging compatible and built-in native capabilities for charging without cables

In the coming year, consumer demand for wireless charging is anticipated to increase as more and more phones on the market become wireless charging compatible or have built-in native capabilities for charging without cables. Moreover, the availability of wireless charging in public and commercial settings is expected to increase technological adoption. Wire-free charging is one way to have a neat, organized workspace. Organizations, now more than ever, need to have Qi charging stations due to the rise of open-concept offices. Most wireless charging technologies are widely available, making it possible for them to take the place of many different chargers and be used by several devices, including a phone, smartwatches, and tablets.

Most wireless chargers, particularly those for portable devices, still require a connection at the current stage of technology

A power source must be connected to peripheral equipment like a charging pad. An exception is a power bank supplying a charge using induction charging. However, it is still true that using a power outlet limits one's freedom of movement at the current stage of technology.

Inductive charging technology is currently implemented using a variety of standards. The Open Dots Alliance's Open Dots standard, the Qi standard created by the Wireless Power Consortium, and the Rezence standard from the Alliance for Wireless Power are some of the examples.

COVID-19 Impact Analysis

The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global wireless charging market is segmented based on technology, component, application and region.

The expansion of infrastructure increased acceptance of wireless devices, higher smartphone penetration, and the Asia-Pacific's size.

In terms of global and local producer numbers and strengths, the global wireless charging market is extremely competitive and fragmented due to the presence of major players such as Qualcomm Technologies, Inc., Ubeam, Powermat, Integrated Device Technology, Inc., Powercast Corp, Samsung Electronics Co., Ltd., Semtech, Toshiba Electronic Devices and Storage Corporation, Witricity Corporation, and Tdk Corporation. Furthermore, major market stakeholders use market strategies such as product launches, mergers, acquisitions, contributions, and collaborations to gain a competitive advantage and recognition in their respective markets.

For instance, the parent firm of Mercedes-Benz, Daimler Inc, announced on November 19, 2021, that it teamed up with Qualcomm Inc to offer wireless charging options for electric automobiles. In a joint statement, Qualcomm and Daimler said that wireless technology would be investigated for use in recharging electric vehicles and enabling plug-in hybrids to operate without ever requiring a plug.

Geographical Analysis

The strong presence of major players, growing industrialization and urbanization, increasing demand for plastic and rubber products, the expansion of infrastructure, increased acceptance of wireless devices, and higher smartphone penetration

The expansion of infrastructure, increased acceptance of wireless devices, higher smartphone penetration, and the region's size as the largest customer base are some of the reasons driving the growth of Asia-Pacific in the global wireless charging market. Moreover, many Asian nations are only beginning to introduce the electric automobile market, which will cause the region to expand tremendously during the projected time.

Competitive Landscape

The major global players in the market Qualcomm Technologies, Inc., Ubeam, Powermat, Integrated Device Technology, Inc., Powercast Corp, Samsung Electronics Co., Ltd., Semtech, Toshiba Electronic Devices and Storage Corporation, Witricity Corporation, and Tdk Corporation.

Why Purchase the Report?
• To visualize the global wireless charging market segmentation by technology, component, application and region commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of wireless charging market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global wireless charging market report would provide approximately 61 tables, 58 figures and 193 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies