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Forecast To 2025
Wireless Charging gives a helpful, safe, and solid approach to charge and power a large number of
electrical gadgets at home, in the working environment and in industry. By disposing of the utilization of
physical connectors and links, wireless charging gives various proficiency, cost and security focal points
over the customary charging link. From cell phones, to hand-held modern gadgets and overwhelming
obligation gear applications, wireless power looks after sheltered, nonstop, and dependable exchange of
energy to guarantee all assortments of gadgets and hardware are charged and prepared to go
The market for wireless charging is analyzed based on five regions namely North America, Europe, Asia-
Pacific, Latin America and Middle East & Africa. Asia-Pacific dominated the wireless charging market in
the current year because of the rapid demand for electronic devices such as smartphones and tablets.
Also, the upsurge for the electric vehicles in the region is the major growth factor for the rise of wireless
charging market. LAMEA region is projected to witness the highest growth rate for wireless charging
market in coming few years.
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The market for wireless charging is driven by the upsurge in the sales of electric vehicles. Moreover, the
continuously progressing portable wearables and electronics market boosts the wireless charging
market. Also, the gathering ambient RF energy that has become a necessity drives the wireless charging
market. However, the huge expense on the technology upgradation is a major hindering factor for the
wireless charging market. The market for wireless charging market views huge growth opportunity from
the growing internet of things (IoT). Moreover, the extraordinary research for wireless charging
technologies is a good growth opportunity for the wireless charging market. Nevertheless, the wireless
charging market faces certification challenges. Also, the fact that the wireless charging is not well-suited
with the existing electronic items is a major challenge for the market.
The wireless charging market is bifurcated on the basis of technology, industry and regions. Based on
technology, the market for wireless charging can be bifurcated into inductive, radio frequency, resonant,
and others. Laser and microwave are included in the other section. Inductive charging segment
accounted for largest share for wireless charging market. Electronics, industrial, automotive, aerospace &
defense, and healthcare are the various industry vertical for wireless charging market. The automotive
industry was the biggest revenue generator for wireless charging market owing to its rapidly growing
adoption and the necessity for charging units.
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Some key players in the wireless charging market include Samsung Electronics Co. Ltd, Texas
Instruments Inc., Qualcomm Technologies Inc., Powermat Technologies Ltd., Integrated Device
Technology Inc., Witricity Corporation, Sony Corporation, Fulton Innovation LLC, Murata Manufacturing
Company Ltd., and Energizer Holdings Inc. These key players involved in the global wireless charging
market are focusing on key market strategies including mergers and acquisitions with local as well as
established players. Moreover, companies are also focusing on collaborating with local players to
increase their reach across all geographies and earn huge profits. Partnership with multinational
companies to strengthen their market reach and goodwill is also anticipated to be a major market
strategy in the global wireless charging market.
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