Persistence Market Research recently published a market research report titled “Wireless Charging Market – Global Industry Analysis 2014 – 2018 and Opportunity Assessment 2019 – 2029.”
A major trend in the wireless charging market is that the leading market participants are emphasizing research and development of improved wireless charging infrastructure and government regulations for increasing the adoption of electric cars. Over the past ten years, electric cars have become more and more popular, and as time goes on, this trend is only expected to continue.
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Inductive Charging Remains Preferred Technology Type
The global wireless charging market is estimated to offer a total incremental opportunity worth nearly US$ 40,000 Mn during the forecast period of 2019 to 2029. In the global wireless charging market report, Persistence Market Research has segmented the global wireless charging market by component, application, technology, and region.
Inductive charging technology for wireless charging is a prominent segment in the global wireless charging market, and is expected to remain prominent throughout the forecast period as compared to the resonant inductive charging and other technologies.
Based on component, the global study of wireless charging has been segmented as transmitters and receivers. With the increasing efficiency of wireless charging, and the advancement of technology providing opportunistic charging, the market demand for transmitters is increasing significantly.
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Surging Sales of Smartphones and Other Mobile Devices Benefit Market
On the basis of application, the wireless charging market has been segmented into consumer electronics, automotive, healthcare, industrial, and others. Increasing usage of smartphones is anticipated to drive the growth of the consumer electronics segment in the global wireless charging market. In addition, technological advancements in mobile devices such as embedded wireless charging technology are creating awareness about wireless charging among consumers.
An increasing number of mobile device vendors are incorporating the wireless charging feature in high-end models of smartphones, wearable devices, laptops, and notebooks, which is driving the adoption of this technology. The wireless charging market in North America is estimated to feature attractive incremental opportunity during the forecast period, followed by the East Asia market. In North America, the U.S. is a prominent country in the wireless charging market.
The presence of various key players and advancements in various industries are the key factors, which will support the prominence of the U.S. in the North American wireless charging market during the forecast period.
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