Wireless Charging Market is expected to grow at a CAGR of 29.4% during the forecast period of 2022-2030

Growing adoption of electric vehicles along with the rising sale of smart phones are the major factors driving the wireless charging market growth globally.

The Wireless Charging Market is expected to grow at a CAGR of 29.4% from 2022-2030, according to a new research report by Next Move Strategy Consulting.

Wireless charging is the charging of the batteries of electronic devices without connecting any wires. It also provides safer, reliable and convenient way of charging as compared to traditional charging methods. Wireless charging technology is mostly used for electronic devices such as smart phones, wearable electronics, laptops and other portable devices. The growing adoption of wireless charging in industrial and healthcare sectors as well as its ability to charge multiple devices boost the wireless charging market growth. However, expensive infrastructure required for the integration of wireless charging is expected to hinder the market growth throughout the forecast period.

Based on technology, the wireless charging market is segmented into inductive, resonant, radio frequency, and other. Based on industry vertical, the market is divided into electronics, automotive, industrial, healthcare, and aerospace & defense. Based on geography the wireless charging market is segmented into North America, Europe, Asia-Pacific, and RoW.

According to the report, North America is expected to hold the lion share of wireless charging market during the forecast period. This is attributed to factors such as increasing adoption of electronic vehicles and rapid expansion of the consumer electronic sector in this region. However, Asia Pacific is growing rapidly in terms of market share and size during the forecast period due to the rising adoption of IoT technology coupled with the growing demand for smartphones.

Browse key industry insight from the report, “Wireless Charging Market by Technology (Inductive, Resonant, Radio Frequency, and Others) and Industry Vertical (Electronics, Automotive, Industrial, Healthcare, and Aerospace & Defense)- Global Opportunity Analysis and Industry Forecast 2022-2030.”

According to the report, some of the key players of wireless charging market are Samsung Electronics Co. Ltd., Qualcomm Incorporated, Texas Instruments, Integrated Device Technology Inc., Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings Inc., Murata Manufacturing Co. Ltd., Sony Corporation, and Fulton Innovation LLC.

Key Insights from the Global Wireless Charging Market Report:

  • Current emerging trends and opportunities are extensively analysed in wireless charging market report.
  • The forecast of the wireless charging market comes along with additional information associated with opportunities, restrains and key drivers in the market.

The report wireless charging market- segmented by technology, industry vertical and geography.

Get a free sample on the Wireless Charging Market report

About Next Move Strategy Consulting

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com.

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