Global Wireless Charging Market Growth 2023-2029

Global Wireless Charging Market Growth 2023-2029

Wireless Charging is the transmission of electrical power from a power source to a receiving device without any physical connections. It delivers a number of benefits to users like preventing electric shocks due to the power cord connection’s contacts, and increase the convenience and ubiquity for the charging of everyday devices. In general, there are three types of wireless charging technologies currently existing; radio frequency-based wireless charging, electromagnetic induction and resonant wireless charging.

LPI (LP Information)' newest research report, the “Wireless Charging Industry Forecast” looks at past sales and reviews total world Wireless Charging sales in 2022, providing a comprehensive analysis by region and market sector of projected Wireless Charging sales for 2023 through 2029. With Wireless Charging sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wireless Charging industry.

This Insight Report provides a comprehensive analysis of the global Wireless Charging landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wireless Charging portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wireless Charging market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wireless Charging and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wireless Charging.

The global Wireless Charging market size is projected to grow from US$ 19290 million in 2022 to US$ 85260 million in 2029; it is expected to grow at a CAGR of 85260 from 2023 to 2029.

Growth prospects for the market seem very bullish at the moment on account of growing adoption of this technology in consumer electronics devices such as smartphones and tablets. Other sectors, such as automotive, industrial, healthcare, and defense are also expected to spur industry growth as end-users have exhibited a tendency towards minimizing the hassles of wires for powering various devices. This is relatively a new industry and currently is in its growth phase. Heavy investments are being made by key industry participants on R&D activities to enhance existing features and functionalities. A major focus is on improving the power transmission range that can facilitate charging of devices wirelessly over long distances.

This report presents a comprehensive overview, market shares, and growth opportunities of Wireless Charging market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Wireless Charging Receiver
Wireless Charging Transmitter

Segmentation by application
Consumer Electronics
Vehicles & Transport
Medical Devices & Equipment
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Samsung
WiTricity
Qualcomm
PowerbyProxi
IDT
Semtech
Powermat

Key Questions Addressed in this Report

What is the 10-year outlook for the global Wireless Charging market?

What factors are driving Wireless Charging market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Wireless Charging market opportunities vary by end market size?

How does Wireless Charging break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.