Global Wireless Charging Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Wireless Charging Market is estimated to be USD 8.2 Bn in 2023 and is expected to reach USD 25.68 Bn by 2028 growing at a CAGR of 25.64%.

Market Dynamics

The factors such as high demand for smartphones, neckbands, and fitness wristbands, from the consumers have prompted the demand of the global wireless charging market. According to Business standard, nearly one billion smartphones worldwide will have wireless charging by the end of 2021. Wireless charging is also being driven by wireless computing devices, such as E-readers, game consoles, portable PCs, tablets. Furthermore, demand for electric cars is predicted to increase significantly over the next few decades, increasing the need for wireless charging. On the other hand, the expensive cost of these gadgets increased power consumption, and slower charging speed are barriers that market competitors will have to overcome to keep the business situation moving forward.

Rising adoption in emerging economies is expected to generate untapped opportunities for market participants.

Market Segmentation

• The Global Wireless Charging Market is segmented further based on Implementation, Technology, Application, and Geography.
• By Implementation, the market is classified as Introduction, Transmitters, and Receivers.
• By Technology, the market is classified as Introduction, Magnetic Resonance, Inductive, and Radio Frequency.
• By Application, the market is classified as Automotive, Consumer Electronics, Healthcare & Others.
• By Geography, North America is projected to lead the market.

Recent Developments

1. Ossia, NGK, and Torex have joined forces to create a 5.8-GHz wireless power transfer (WPT) power receiver development kit - 23rd November 2021
2. Realme Flash launched the world's first Android phone with magnetic wireless charging- called Realme MagDart.- 27th July 2021

Company Profiles

Some of the companies covered in this report are Ossia, NGK, Torex, Witricity, Energous, Hevo Power, Infineon Technologies, Leggett & Platt, Sony, Momentum Dynamics etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Wireless Charging Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market