Wireless Charging Market Global Industry Size, Share, Analysis, Trends, Overview And Segmentation 2027

1. Wireless Charging Market Global Industry Size, Share, Analysis, Trends, Overview And Segmentation 2027 Market Overview Wireless charging or inductive charging is a type of cordless power transfer wherein it uses electromagnetic induction to provide electricity to portable devices. Wireless charging is typically used to supply power to smartphones, tablets, and smartwatches. It is based on the principle of inductive power transfer (IPT) wherein an electromagnetic field between two objects is used for transferring energy. Wireless charging is comprised of two components namely receiver and transmitter. Moreover, it uses other technologies such as resonance charging and radiofrequency technology. Wireless charging is also used for charging vehicles, electric toothbrushes, power tools, and medical devices. In this, portable equipment can be placed close to a charging station or inductive pad without the contact or precise alignment. Apart from inductive technology, resonance charging, and radiofrequency technology, laser beam or microwave or conductive technologies are also used for energy transfer. Get HOLISTIC Request Sample Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-sample/3585 The global wireless charging market is estimated to account for US$ 7,139 Mn in 2019 and is expected to grow at a CAGR of 33.5% during the forecasted period (2019-2027) Market Dynamics- Driver Increasing sales of electric vehicles worldwide are expected to drive growth of the global wireless charging market during the forecast period The demand for electric vehicle is increasing rampantly, owing to low maintenance and cost- effective features. According to the Edison Electric Institute (EEI), in 2018, the electric vehicle sales increased by 81% as compared to 2017. Electric vehicles are powered by rechargeable batteries that are charged using electricity. Over the years, automakers have started using wireless charging since it is convenient and easy to use. The driver needs to part their car over the charging pad. This also provides sophisticated experience as there is no need to plug-in charging cables. Furthermore, strict regulatory policies related to harmful emissions have led to increase in adoption of electric vehicles thereby driving growth of the global wireless charging market in the near future. Growing consumer awareness regarding wireless charging is expected to propel the global wireless charging market growth over the forecast period Technological advancements in mobile devices such as embedded wireless charging technology have shifted preference of consumers towards wireless charging. Increasing number of mobile device vendors are incorporating wireless charging feature in high-end models of laptops, smartphones, wearable, and notebooks, which in turn, is expected to support the global wireless charging market

2. growth the over the forecast period. For instance, Google Nexus 6 smartphone is enabled with Qi wireless charging technology. Asia Pacific region dominated the global wireless charging market in 2019, accounting for 32.5% share in terms of value, followed by North America and Europe. Market Opportunities Constant need for power source for IoT network is expected to present major growth opportunity Increasing adoption of Internet of Things is accelerating the need for constant power source for devices connected to the IoT network. IoT network need to be working constantly and therefore requires a constant power source. As electric charging methods are complicated and sometimes are not compatible with IoT devices, wireless charging is a convenient method to power an IoT network. According to Ericsson networking and telecommunications equipment and service companies, by 2021 the number of IoT connected devices is expected to reach 28 billion. This is expected to create potential market opportunities for wireless charging companies. Growing need for safe charging industrial applications is expected to provide lucrative business opportunities There is constant introduction of new technologies such as drones and emphasis on factory automation. Furthermore, the equipment in industrial settings operate in harsh environments and are exposed to heat, moisture, dust, and dirt. Moreover, wireless charging eliminates the requirement for power connectors thereby reducing chances of hazards, which can be triggered due to a stray spark while connecting or disconnecting a current-carrying power cable. Prominent vendors such as Powerbyproxi and WiTricity have already developed wireless charging, which can be operated in harsh environments in industrial setups. Market Taxonomy This report segments the global wireless charging market it is segmented into, transmitters and receivers. On the basis of technology the market is segmented into, inductive technology, resonance charging, radio frequency technology and others. On the basis of application, the global wireless charging market is segmented into, consumer electronics, automotive, healthcare and industrial. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Key features of the study: •This report provides an in-depth analysis of the global wireless charging market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year

3. •It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market •This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players •It profiles leading players in the global wireless charging market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans •Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics •The global wireless charging market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts. •Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Wireless charging market. Detailed Segmentation: Global Wireless charging Market, By Component: •Transmitters •Receivers Global Wireless charging Market, By Technology: •Inductive Technology •Resonance Charging •Radio Frequency Technology •Others Global Wireless charging Market, By Application: •Consumer Electronics •Automotive •Healthcare •Industrial •Others Get HOLISTIC Request Customization Of This Business Report: https://www.coherentmarketinsights.com/insight/request-customization/3585

4. Competitive Section Key players operating in the global wireless charging market are Energizer Holding, Inc., PowerbyProxi, Qualcomm Technologies, Inc., ConvenientPower HK Limited, Powermat Technologies, WiTricity Corporation, Integrated Device Technology Inc., Leggett and Platt Inc., and Texas Instruments Inc. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Name: Mr. Raj Shah Phone: US +12067016702 / UK +4402081334027 Email: sales@coherentmarketinsights.com Visit Our Blogs: https://blog.coherentmarketinsights.com