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North America Wireless Charging Market to Hold the Largest Market Size

The region currently dominates the wireless charging market due to the presence of a large number of market players including Qualcomm, Energizer, Plugless Power, and WiTricty. Increasing advancements in the automotive sector, consumer electronic products, and medical devices has encouraged manufacturers to invest heavily in wireless charging, owing to which the market has gained traction in the region. For instance, WiTricty has invested USD 34 million with participation from Air Wave Wireless Electricity and a strategic investment by Mitsubishi Corporation.

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North America Wireless Charging Market to Hold the Largest Market Size

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  1. MarketsandMarkets Presents North America Wireless Charging Market to Hold the Largest Market Size to Grow Your Revenue Wireless Charging Market with COVID-19 Impact by Implementation (Transmitters, Receivers), Technology (Magnetic Resonance, Inductive, Radio Frequency), Application (Consumer Electronics, Healthcare, Automotive), and Region - Global Forecast to 2026 https://www.marketsandmarkets.com/Market-Reports/wireless-charging-market-640.html

  2. According to the new market research report "Wireless Charging Market with COVID-19 Impact by Implementation (Transmitters, Receivers), Technology (Magnetic Resonance, Inductive, Radio Frequency), Application (Consumer Electronics, Healthcare, Automotive), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the overall Wireless Charging Market is expected to be valued at USD 4.5 billion in 2021 and projected to reach USD 13.4 billion by 2026, at a CAGR of 24.6% between 2021 and 2026. The driving factor for the growth of this market includes the rising adoption of wireless technology in consumer electronics, an increase in sales of electric vehicles, and the ability to charge multiple devices. However, compatibility issues restrict the growth of wireless charging in various industries. Browse 112 market data Tables and 48 Figures spread through 167 Pages and in-depth TOC on "Wireless Charging Market with COVID-19 Impact - Global Forecast to 2026"

  3. Receivers market to lead the wireless charging market during the forecasted period The wireless power receiver IC is designed for applications such as smartphones, tablets, wearables, and other related accessories. Companies such as Samsung, Xiaomi, OnePlus, Apple, and Motorola have begun integrating wireless charging receiver into wearables, smartphones, hearing aids, and other electronic devices. Wireless charging is also integrated into public spaces such as offices, airports, hotels, cafes, and restaurants. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=640 Market for the magnetic resonance to grow at fastest CAGR from 2021 to 2026 The magnetic resonance wireless charging technology is used to charge multiple devices from the same charger. It is the most versatile wireless charging method and used for objects such as electric cars, laptops, computers, and power tools. Companies providing magnetic resonance technology include Infineon, Energizer, and WiTricity. In May 2020, China Electricity Council introduced a set of national standards for wireless charging electric vehicles that are based on the magnetic resonance charging technology developed and patented by WiTricity.

  4. Consumer electronics market to hold the largest market share for wireless charging in 2020 Consumer electronics application is expected to hold the largest market owing to the large number of usage of wireless charging in electronics devices such as smart phones, laptops, wearables, and kitchen appliances. Major companies such as Apple, Motorola, iOttie, and Xiaomi are manufacturing wireless charging devices including smartwatches, fitness trackers, and smart eyewear with Qi-standard wireless charging technologies. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=640 Major players in the wireless charging market are Energizer Holdings, Inc. (US), Evatran Group (US), Energous Corporation (US), Leggett & Platt (US), Powermat (Israel), Momentum Wireless Power (US), Ossia Inc. (US), Powercast Corp. (US), Samsung Group (South Korea), Elix Wireless (Canada), WiTricity Corporation (US), and Zens (Netherlands).

  5. APAC to be the fastest growing market for wireless charging during the forecast period The wireless charging market in APAC is expected to grow at highest CAGR during forecasted period. Rapid industrialization has boosted the manufacturing sector in APAC. China is one of the most impacted countries by the COVID-19 pandemic in APAC and a major manufacturing hub in the region. Apart from China, vigorous industrial activities in other countries of the region offer lucrative opportunities for the growth of the wireless charging market. COVID-19 impact on the wireless charging market The COVID-19 impact forecast for the wireless charging market in this report is based on the quarterly and annual reports of the companies under study. Primary interviews have confirmed the downward trend in the wireless charging market in 2020. However, the market is expected to rise after the COVID-19 crisis has been neutralized, as governments have imposed strict policies to maintain safe environments in all manufacturing industries. At present, the adoption of wireless charging is high in the consumer electronics, and automotive industries. Before COVID-19, governments were supporting companies in the wireless charging ecosystem either financially or through favorable policies. However, governments across countries are now concentrating on health services to contain the pandemic. This may lead to less government support, causing the market for wireless charging to decline further. In 2020, wireless charging manufacturers are collaborating with technology providers to improve the efficiency of their products.

  6. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

  7. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/wireless-charging.asp

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