Wireless Charging Market Size | Share

According to the latest market research report title “Wireless Charging Market By Type (Gallanium Nitride [GaN], Gallium Arsenide [GaAs] ), By Application (Radar, Infrared Communication, Electronic Warfare), By Region (North America, Latin America, Europe, The Middle East Africa, Asia-Pacific)--Forecast to 2023″, published by MarkNtel Advisors, The Global Wireless Charging Market is projected to grow at a CAGR of around 24.4% during the forecast period, i.e., 2023-28.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2023-28). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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Possible Restraint: Limitation of Wireless Charging Standards

Generally, wireless mode of charging is advantageous only for devices compatible with Qi-enabled wireless charging standards, and then it takes comparatively 30-80% more time to charge than cable charging. Moreover, Qi-enabled technology consists of two standards, wireless power consortium (WPC) Airfuel alliance.

Therefore, as end-users are compelled to invest a large amount of money in following both standards, they are avoiding wireless chargers since cable chargers are much cheaper simpler, hampering industrial expansion. Moreover, the absence of a common charging standard and competition between charging standards is leading to lesser consumption of wireless chargers, further restraining market expansion.

Wireless Charging Market Segmentation

The Wireless Charging Market is highly robust and fragmented into numerous segments;

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

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Key Players Operating in the Wireless Charging Market: -

-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

Key Questions Answered:

What is the projected CAGR of the Wireless Charging Market during the forecast period?
Which segment is expected to lead the Wireless Charging Market?
Who are the prominent players driving market growth?

Key Offerings:

Market Share, Size, and Revenue Forecast
Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
Landscape: Leading key players and other prominent participants

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current future industry potential, identify white spaces hotspots, venture into new geographies or business segments in the future.