May 15, 2023   SOURCE: BusinessWire

Global Wireless Charging Market Report 2023: Sector is Expected to Reach $33.6 Billion by 2028 at a CAGR of 13.52% - ResearchAndMarkets.com

The "Wireless Charging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global wireless charging market size reached US$ 15.7 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 33.6 Billion by 2028, exhibiting a CAGR of 13.52% during 2022-2028.

Companies Mentioned

  • Convenient Power HK Limited
  • Energizer Holdings Inc
  • Integrated Device Technology
  • Leggett & Platt Incorporated
  • Murata Manufacturing Co. Ltd
  • Powermatic Technologies Ltd..
  • Qualcomm Incorporated
  • Texas Instruments Incorporated
  • Witricity Corporation
  • Samsung

Wireless charging refers to the process of electrically charging battery-powered equipment or devices without physically connected cables.

It works on the principle of inductive power transfer or magnetic resonance in which an electric current is passed between two objects through the use of coils so as to induce an electromagnetic field. It provides a safe, convenient and reliable way to charge and power numerous electrical devices at homes and workplaces.

The various benefits associated with wireless charging, such as ease of handling and mobility, protection from electric shocks, flexibility, etc., are contributing to the growth of the global wireless charging market.

Further, the rising proliferation of the Internet of Things (IoT) is boosting the demand for wireless charging as it is a convenient method to power an IoT network. Moreover, integration of wireless charging solutions in automobiles and the increasing applications of wireless charging in the healthcare segment represent some of the other factors that are driving the market.

Key Market Segmentation:

The analyst provides an analysis of the key trends in each sub-segment of the global wireless charging market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology, transmission range and application.

Breakup by Technology:

  • Inductive Charging
  • Resonant Charging
  • Radio Frequency Based Charging
  • Others

Based on the technology, inductive charging technology represents the largest segment. Other technology segments include resonant charging, radio frequency based charging and others.

Breakup by Transmission Range:

  • Short Range
  • Medium Range
  • Long Range

Based on the transmission range, the market has been segmented as short range, medium range and long range wireless chargers. Among these, short range chargers hold the largest market share.

Breakup by Application:

  • Consumer Electronics
  • Automotive
  • Healthcare
  • Industrial
  • Defense
  • Others

Based on the application, the market has been segmented into consumer electronics, industrial, healthcare, automotive, defence and others. Consumer electronics currently accounts for the largest market share.

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

Region-wise, the market has been segmented as North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. At present, Asia Pacific represents the leading market across the globe.

Key Questions Answered in This Report

1. What was the size of the global wireless charging market in 2022?

2. What is the expected growth rate of the global wireless charging market during 2023-2028? 2023-2028.

3. What are the key factors driving the global wireless charging market?

4. What has been the impact of COVID-19 on the global wireless charging market?

5. What is the breakup of the global wireless charging market based on the technology?

6. What is the breakup of the global wireless charging market based on the transmission range?

7. What is the breakup of the global wireless charging market based on the application?

8. What are the key regions in the global wireless charging market?

9. Who are the key players/companies in the global wireless charging market?

For more information about this report visit https://www.researchandmarkets.com/r/i9r4pr

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