Wireless Charging Market Sluggish Growth Rate Foreseen by 2024–2030

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The wireless charging market is projected to grow from USD 70 million in 2023-e to USD 1173 million by 2030, registering a CAGR of 49.4% during the forecast period (2024-2030)

Intent Market Research (IMR) has released a research that offers unique insights into the Wireless Charging Market for the specified time frame. One of the primary goals of this study is to classify the numerous market dynamics and provide the most recent information on things like mergers and acquisitions, different technological advancements, and new players that affect distinct market segments.

Stronger product differentiation can be achieved with the aid of the market's value chain analysis and a comprehensive understanding of the key competencies of each activity involved. The report's attractiveness research of the wireless charging market gives company strategists the most recent growth opportunities while precisely estimating the market's potential value.

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Market Players:-

·         Energous Corporation

·         WiTricity Corporation

·         Powermat Technologies

·         Qualcomm Incorporated

·         Belkin International

·         Samsung Electronics Co., Ltd.

·         Apple Inc

·         Anker Innovations

How will be insights and market estimations provided in the Intent Market Research (IMR) report on the Wireless Charging Market make a difference:

  • The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
  • The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
  • Provides scrutiny of the industry trends that have shaped recent government policies
  • Provides an account of major breakthroughs in all segments that might change the course of the market considerably
  • Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
  • Evaluates the role of various stages of funding on new growth avenues in key regional markets 

What makes Intent Market Research (IMR) report stand out from others?

·         Intent Market Research (IMR) follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Wireless Charging market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

·         Evaluate: A Intent Market Research (IMR) report evaluates every small aspect that can prove to be a growth generator for the Wireless Charging market, thus, making it different and special from other reports.

·         Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of the Wireless Charging market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

·         Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Wireless Charging market and assists to create strategies to overcome the obstacles that may hinder the growth of the Wireless Charging market.

·         Leverage: The Wireless Charging market can leverage certain aspects that can prove beneficial for the increase in growth rate. Intent Market Research (IMR) covers all the points on which the key stakeholders can leverage upon.

·         Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

·         Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Wireless Charging market.

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Segments:-

1.      Technology:

·         Inductive Charging: This is the most common wireless charging technology, using electromagnetic fields to transfer energy between coils in the charging pad and the device.

·         Resonant Charging: Involves using resonant inductive coupling to enhance the distance and efficiency of wireless charging.

·         Radio Frequency (RF) Charging: Utilizes radio frequency signals to transmit power wirelessly.

2.      Charging Range:

·         Short Range: Typically used for consumer electronics like smartphones and wearables.

·         Mid Range: Applied to electric vehicles and some industrial applications.

·         Long Range: Still in development but aimed at charging devices from a distance, possibly through radio frequency or other advanced technologies.

3.      Application:

·         Consumer Electronics: Includes smartphones, smartwatches, tablets, and other portable devices.

·         Automotive: Wireless charging for electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs).

·         Healthcare: Wireless charging for medical devices.

·         Industrial: Charging solutions for tools, sensors, and other industrial equipment.

4.      End-User:

·         Commercial: Wireless charging solutions for public spaces, offices, and commercial establishments.

·         Residential: Wireless charging for personal use at homes.

·         Automotive: Focused on wireless charging solutions for electric vehicles.

5.      Region:

·         North America, Europe, Asia-Pacific, Latin America, and Middle East Africa: Different regions may have varying adoption rates and market sizes.

6.      Component:

·         Transmitters: The charging pads or stations.

·         Receivers: Integrated into devices to receive wireless power.

·         Services: Includes software solutions and maintenance services related to wireless charging infrastructure.

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