Wireless Charging Market Leading Key Players, Market Segments, Business Trends and Forecast 2020-2030


 Wireless Charging Market- Overview

The wireless Charging market is still in the growth phase and new applications are coming into the picture every day. For the purpose of this report, Market Research Future has bifurcated the application segment into consumer electronics, Industrial, Infrastructure, and Automotive among others. The consumer electronics segment accounts for the largest market share in the year 2016. High demand for consumer electronic products such as smartphones, tablets, and wearable devices among others is the major driving factor for the growth of the consumer electronics segment. The smartphone segment accounts for the highest market share in the year 2016. Increasing disposable income around the world is leading to high expenditure on electronic products which includes the purchase of smartphones and wearable devices. The growing demand for smartphones around the world, especially in Asia Pacific is one of the major driving factors which is supporting the market of wireless charging.

The Global Wireless Charging market is expected to get high growth in the coming years. The huge demand of smartphones, the developing market for electric vehicles, growth in the semiconductor industry, and the developing market of IoT are some factors driving the market growth during the forecast period 2016-2023. However, high cost and compatibility issues are some of the factors hampering the wireless Charging market growth.

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wireless Charging market Key Players:

Samsung Electronics Co Ltd. (South Korea), Texas Instruments Inc. (U.S.), NXP Semiconductors (Netherlands), Qualcomm Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), Powermat Technologies Ltd (Israel), WiTricity Corporation (U.S.), PowerbyProxi (New Zealand), TDK Corporation (Japan), and Convenient Power HK Limited (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Wireless Charging Market.

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Wireless Charging Global Market- Segmentation

The Wireless Charging Market can be classified into 4 key segments as follows:

Segmentation by Technology: Inductive Coupling and Capacitive Coupling

Segmentation by Components: Transmitters and Receivers

Segmentation by Application: Consumer Electronics (Smartphones, Tablets, Wearable Devices), Industrial, Infrastructure, and Automotive.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific, and the Rest of the World.

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Wireless Charging Global Market- Regional Analysis

Asia Pacific is dominating the market of wireless charging due to advancement and high demand for consumer electronic products such as Smartphones, Tablets, and wearable devices. Asia Pacific accounts for more than 35% of the global population and most Asian countries are still in the development phase creating a high demand for electronic equipment. China and Japan are supporting the supply of wireless charging solutions whereas countries these countries are also making huge consumption of these products along with India, South Korea, and Taiwan. North America followed by Europe has expected to hold second and third positions respectively in the global wireless charging market.

 

 

 

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