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global wireless charging market trends analysis

Global Wireless Charging Market Trends, Analysis, And

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

immediately.

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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Sample/105790

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

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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