Wireless Charging Market Generated Opportunities, Future Scope 2024-2031

The Wireless Charging Market is a rapidly evolving sector, driven by advancements in hardware, software, and digital infrastructure. It encompasses a wide range of services, including cloud computing, cybersecurity, data analytics, and artificial intelligence. The increasing demand for digital transformation across industries is fueling growth. Emerging technologies like 5G, blockchain, and IoT are further expanding its potential. With continuous innovation, the IT market is expected to see robust growth in the coming years, particularly in areas of automation and remote work solutions.

Market Size and Growth:

Wireless charging market size was valued at USD 5.20 billion in 2022 and is poised to grow from USD 6.44 billion in 2023 to USD 35.52 billion by 2031, at a CAGR of 23.80% during the forecast period (2024-2031).

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Key Market Players:

  • Qualcomm Incorporated (US)
  • Samsung Electronics Co., Ltd. (South Korea)
  • Apple Inc. (US)
  • Texas Instruments Incorporated (US)
  • Broadcom Inc. (US)
  • Toshiba Corporation (Japan)
  • Energizer Holdings, Inc. (US)
  • Sony Corporation (Japan)
  • Panasonic Corporation (Japan)
  • Powermat Technologies Ltd. (Israel)
  • NXP Semiconductors N.V. (Netherlands)
  • Murata Manufacturing Co., Ltd. (Japan)
  • WiTricity Corporation (US)
  • ConvenientPower HK Limited (Hong Kong)
  • ZTE Corporation (China)
  • Powercast Corporation (US)
  • PowerSphyr Inc. (US)
  • Ossia Inc. (US)
  • Energous Corporation (US)
  • Plugless Power LLC (US)
  • Semtech Corporation (US)
  • Renesas Electronics Corporation (Japan)

Regional Segmentation:

North America: U.S., Canada and Mexico
Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
South America: Brazil, Argentina, and Rest of Latin America
Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa

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Segments covered in Network Automation Market are as follows:

  • Charging Type
    • Stationary Wireless Charging Systems, Dynamic Wireless Charging Systems
  • Component
    • Base Charging Pads, Power Control Units, Vehicle Charging Pads
  • Charging System
    • Magnetic Resonance Charging, Inductive Charging, Capacitive Charging
  • Application
    • Home Charging Units, Commercial Charging Stations
  • Power Supply Range
    • UP TO 3.7 KW, ABOVE 3.7-7.7 KW, ABOVE 7.7–11 KW, ABOVE 11 KW
  • Vehicle Type
    • Passenger Cars, Commercial Vehicles (Electric Buses, Electric Vans, Electric Pick-up Trucks, Electric Trucks)
  • Propulsion
    • Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles

Wireless Charging Market Size And Scope

The Wireless Charging market has experienced notable growth in recent years, propelled by the rising demand for power electronics across various sectors, including automotive, telecommunications, and renewable energy. This market is poised for further expansion as the global adoption of electric vehicles and renewable energy sources accelerates. Wireless Charging are highly valued for their exceptional thermal conductivity, electrical insulation, and mechanical strength, making them indispensable in power modules and electronic components. With ongoing advancements in technology and manufacturing, the applications of Wireless Charging are expected to broaden, extending their reach into an even wider array of uses in the near future.

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