Global Wireless Charging Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

MarketResearch.biz delivers in-depth insights on the global wireless charging market in its upcoming report titled, “Global Wireless Charging Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global wireless charging market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global wireless charging market report has been segmented on the basis of technology, industry vertical, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Wireless charging is a process of charging battery-powered devices and equipment without the need for a wired electrical power connection. It enables wireless transfer of electrical charge from a charging device or node to the recipient device.

Technological advancements in electronic devices leading to miniaturization of products and growing demand for mobile phones, laptop, and smart wearables integrated with advanced charging systems are major factors driving growth of the global wireless charging market. In addition, growing trend towards electronic vehicles leading to manufacturers’ approach towards deployment of wireless charging facility in vehicles is expected to support growth of the global wireless charging market. Furthermore, government expenditure on infrastructure development of vehicle charging stations is further expected to support growth of the global wireless charging market.

However, high cost of technology is a major factor restraining growth of the global wireless charging market.

Technological advancements and increasing R&D activities by major players is expected to create new opportunities in terms of revenue to players operating in the global wireless charging market over the forecast period.

The wireless charging market in Asia Pacific is expected to account for largest share in the global market in terms of revenue, owing to rapid urbanization, increasing number of users for smart phones, laptops, and wearable devices, and presence of major manufacturers in countries in the region. The markets in North America and Europe are expected to account for significant revenue shares in the global market. The market in Europe is projected to register lucrative CAGR in terms of revenue over the forecast period, owing to increasing adoption from electric vehicles in order to decrease pollution by vehicles in economies in this region.

Global Wireless Charging Market Segmentation:

By Technology:

• Inductive
• Resonant
• Radio Frequency (RF)

By Industry Vertical:

• Electronics
• Automotive
• Industrial
• Healthcare
• Aerospace & Defense

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa