The Global Wireless Charging Market is projected to grow at a CAGR of around 24.4% during the forecast period, i.e., 2023-28.                                              

Global Wireless Charging Market Dynamics:

Key Driver: Innovation of Multi-device Chargers for Simultaneous Charging

The innovation of multi-device chargers that simultaneously charge multiple devices is driving the market with the added benefits of saving time charging various devices and smart energy utilization. Further, industries are investing in developing radio frequency (RF) based wireless technology that can rapidly charge multiple devices within a 3D range.

In RF wireless charging, an antenna embedded in an electronic device picks the radio frequency and converts it into direct current (DC) voltage. Thus, it eliminates the entire requirement of conventional charging types and encourages consumers to opt for RF technology extending the industrial ascension. The burgeoning popularity and new innovative product launches by key players are augmenting the value of the market. For instance:

·       In January 2023, Samsung unveiled & announced SmartThings Station, an easy-to-use and affordable smart hub and fast charging pad.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Wireless Charging Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• By Technology
• Magnetic Resonance
• Magnetic Induction
• Radio Frequency
• By Implementation
• Transmitters
• Receivers
• Aftermarket
• Integrated
• By Application
• Consumer Electronics
• Automotive
• Healthcare
• Industrial
• Others (Aerospace and Defence, etc.)
• By Region
• North America
• South America
• Europe     
• The Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Samsung, Energous Corporation, Powermat, Powercast Corporation, Elix Wireless, Zens, Energizer, Ossia Inc., Evatran Group, Leggett & Platt, Fulton Innovation LLC, Murata Manufacturing Company Ltd., Qualcomm Technologies, Inc., Sony Corporation, Texas Instruments, Inc., Others

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