Short Range Wireless Power Charging Market 2022-2027
New Study Reports “Short Range Wireless Power Charging Market 2022 Global Opportunities, Challenges, Strategies and Forecasts 2027″ has been Added on PersistenceMarketResearch.
Report Details:
Wouldn’t we all prefer a wire and tangle free existence? It’s just so much more convenient to live life sans any kind of messy wires or cables! The short range wireless power charging market mainly consists of products used to charge our electronic devices like smartphones, tablets or laptops wirelessly. Most modern day electronics have become incredibly powerful and can perform a wide range of tasks effortlessly.
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An average modern day smartphone has more processing power than the first satellite sent into space! However, battery technology has not progressed anywhere near as rapidly which is why the demand for chargers and battery packs is very high. Wireless charging provides an added convenience to customers, as they can use their devices without worrying about stretching the power cable to its maximum point. Until there is some kind of revolution in battery tech which improves it substantially, the short range wireless power charging market can only be expected to grow in double digits in the days to come.
Key Players:
The report has profiled some of the important players prevalent in the global like – Qualcomm Incorporated, Convenient Power HK Ltd, Integrated Device Technology, Murata Manufacturing and Texas Instruments Incorporated and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Short Range Wireless Power Charging Market.
Short-Range Wireless Power Charging Market Drivers
Mobile devices like smartphones and tablets are expected to drive the short range wireless power charging market. Customers around the world, and more so in emerging markets are shunning desktops and laptops entirely in favour of smartphones. A good percentage of them would like to purchase wireless chargers for their devices. Along with smartphones, there is also a recent trend towards smart wearable devices and fitness trackers because customers have become a lot more health conscious.
These devices usually work best with wireless technology, also spurring demand for devices sold in the short range wireless power charging market. A lack of available electric points at various locations is also a major reason for customers going the wireless route. It is also relevant in the automobile, healthcare and defence industries since end-users of these products prefer a hassle-free, wireless experience while charging their electronic devices. All these factors can be expected to ensure sufficient growth for the short range wireless power charging market in the near future.
Short-Range Wireless Power Charging Market Restraints
One of the major restraints in the short range wireless power charging market is the different charging standards adopted by various manufacturers. There were three standards initially – Wireless Power Consortium (WPC), Power Matters Alliance (PMA) and Alliance for Wireless Power (A4WP). AirFuel Alliance was formed by merging PMA and A4WP in late 2015. Yet this did not eliminate the hassle entirely as the two standards are still not interoperable today.
This can challenge the growth of the overall short range wireless power charging market. Another major issue is the slow charging speed. Wireless charging devices are frequently slower than wired chargers. With the introduction of fast charging wired cables, customers might not have an incentive to purchase wireless chargers. This can be a major issue for the short range wireless power charging market.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Short Range Wireless Power Charging Market Manufacturers
Short Range Wireless Power Charging Market Distributors/Traders/Wholesalers
Short Range Wireless Power Charging Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Short Range Wireless Power Charging Market – Report Highlights
- A detailed overview of parent market of Short Range Wireless Power Charging Market
- Changing Short Range Wireless Power Charging Market dynamics in the industry
- In-depth segmentation of the Short Range Wireless Power Charging Market
- Historical, current, and projected Short Range Wireless Power Charging Market size regarding volume and value
- Recent industry trends and developments in Short Range Wireless Power Charging Market
- Competitive landscape of the Short Range Wireless Power Charging Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Short Range Wireless Power Charging Market performance
- Must-have information for Short Range Wireless Power Charging Market players to sustain and enhance their market footprint
Key Questions Answered in the Short Range Wireless Power Charging Market Report
How is the Short Range Wireless Power Charging Market expected to grow over the projected period?
What direction is the Short Range Wireless Power Charging Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Short Range Wireless Power Charging Market in future?
What are the key market drivers in the Short Range Wireless Power Charging Market?
What are significant opportunities and improvement areas for Short Range Wireless Power Charging Market manufacturers?
What are the key developments and trends taking over the Short Range Wireless Power Charging Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Short Range Wireless Power Charging Market?
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