Pune, India, May 23, 2022 (GLOBE NEWSWIRE) — The world wireless charging market size is expected to increase significantly in the coming years due to the growing demand for portable devices. This information is published by Fortune Business Insights in its report titled “Wireless Charging Market Analysis, 2022-2029”.
The need for wireless charging solutions has grown over time as demand for the product has steadily grown. A charging station, a power source, and a receiver that receives power and charges the battery are all included in these wireless charging systems.
Industry development:
April 2020: In the OnePlus eight series, OnePlus Technology Co., Ltd. announced the launch of the Warp Charge 30 wireless charging architecture. The organization has designed a wireless charging design that allows the smartphone and the wireless charger to communicate in real time.
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Wireless Charging Market Overview:
Forecast year: 2029
Base year: 2021
Historical data: 2018-2020
Drivers and Constraints
Government support for electric vehicles to increase sales
Electric vehicles (EVs) have grown in popularity over the years due to their low fuel consumption and high efficiency. Additionally, governments around the world are showing strong support for the adoption of electric vehicles. As a result, wireless charging market growth is expected to be driven by the adoption of electric vehicles.
Additionally, the product will benefit from the growing popularity of wireless technology in the consumer electronics industry. The ability of wireless solutions to power numerous devices is expected to drive the market expansion.
Multiple interruption of production to reduce sales in the midst of a pandemic
The wireless charging industry has suffered severe losses as a result of the coronavirus outbreak. Due to the frequent interruption of the supply chain due to the constraints of containment, the volume of manufacture and sale has dropped. The lifting of containment standards in many regions is likely to allow production facilities in those areas to resume operations in order to manufacture the product. Following the normalization of the situation, the product is expected to experience significant growth due to the increase in the use of electronic devices.
Market segmentation
Based on technology, the market is divided into inductive, capacitive, magnetic and others.
Based on vertical, the market is segmented into consumer electronics, automotive, healthcare, industrial, aerospace & defense, and others.
Based on geography, the wireless charging market is divided into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
What does the report contain?
The report offers insight into profitability, entire structure, and scale. It also studies the drivers and restraints and considers all the potential threats to the market. Critical analysis of market sections, forecast analysis and expert opinions are strategically included in the report. A wide range of data including regional analysis, market segmentation, industry developments, and major players are included in the research conducted by market experts.
Click here for the short and long term impact of COVID-19 on this market: https://www.fortunebusinessinsights.com/wireless-Charging-market-105183
Regional outlook
Favorable government policies in Asia-Pacific to generate growth
Asia-Pacific is expected to hold the largest wireless charging market share for the foreseeable future. This is due to favorable government policies and encouragement towards alternative fuel vehicles. Moreover, the government authority of the region is also striving to reduce carbon emissions.
Europe is expected to show substantial growth in the coming years. This is due to the carbon emission regulations imposed in the region. For example, the European Union has imposed a law aimed at reducing carbon emissions by at least 40% by 2030.
Competitive landscape
Key Players Need to Focus on Expanding Distribution Capabilities to Facilitate Growth
The wireless technology market landscape is highly competitive with the presence of several prominent manufacturers globally. Many of these manufacturers are multinational corporations and have production and sales rights in various regions. In addition, heavy investment by leading players in research and development has led to a strong dose of innovation in the market and increased product launches. Companies are also focusing on partnerships with domestic players to expand their presence in developing countries.
List of Key Players Profiled in the Wireless Charging Market Research Report:
- Samsung Electronics Co.Ltd.
- Qualcomm Incorporated
- Texas Instruments
- Embedded Device Technology Inc.
- Powermat Technologies Ltd.
- WiTricity Corporation
- Energizer Holdings Inc.
- Murata Manufacturing Co.Ltd.
- Sony Company
- Fulton Innovation LLC
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Main points of the table of contents:
1. Introduction
1.1. Search scope
1.2. Market segmentation
1.3. Research Methodology
1.4. Definitions and assumptions
2. Executive Summary
3. Market dynamics
3.1. Market factors
3.2. Market constraints
3.3. Market opportunities
4. Key information
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory scenario — Key countries
4.5 Recent Industry Developments – Partnerships, Mergers and Acquisitions
5. Global Wireless Charging Market Analysis, Outlook and Forecast
5.1. Main results/summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-Regions
……………
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Contest Dashboard
11.4. Benchmarking — Key Players
12. Company Profiles
12.1 Wireless Charging Market Size Overview
12.2 Products and services
12.3 SWOT Analysis
12.4 Recent Developments
12.5 Main investments
12.6 Regional Market Size and Demand
13. Strategic Recommendations
TOC Continued……………….
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