The Global Wireless Charging Market is projected to reach a value of over USD 46.1 billion by 2027 at a CAGR of around 21.6%.
Wireless charging is a method of charging battery-operated equipment and devices without any wired connection. This enables wireless transfer of electrical charge from charging device to customer device. There are three types of wireless charging: inductive, radio, and resonance. Inductive charging use electromagnetic waves to charge the device wirelessly. This method requires a device which is placed on charging pad which is connected to home wall socket. However, radio charging is same as inductive charging, but this method uses wireless radio waves to transfer energy to small devices and electronic equipment. Increasing global sales of smartphone and wearable devices and rising need for wireless charging in advanced medical devices will drive the market during forecast period.
Market Driver:
Increasing disposable income in developing country, increasing youth population, and latest technological developments & improvements in electronic devices will increases the smartphone and wearable devices market during forecast period. This improvement includes larger screens, high storage capacity & processing power, longer battery life, IP certification for shock & water protection, and superfast charging. Moreover, the wearable devices include smartwatches, fitness trackers, wireless earbuds, and many more which also showing positive market growth due to its operational performance and applications. Hence it is expected to drive the wireless charging market during projected years.
Market Opportunity:
Due to strengthened & extended New Energy Vehicle mandate and CO2 emissions standards, there are signals that recovery measures to tackle the Covid-19 crisis will continue to focus on vehicle efficiency in general and electrification. Moreover, in 2019, Europe (at 3.5%) has achieved new records in electric vehicles market share. Germany, Italy, and Norway will increase the market share of electric vehicles in Europe for reducing green-house gas emission and petrol prices which is expected to become an opportunity for the wireless charging market during growth period.
The report on the wireless charging market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
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Base Year for Market Calculation |
2020 |
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Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Type, Application, Component, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Wireless Charging Market, by Type
Wireless Charging Market, by Component
Wireless Charging Market, by Application
Wireless Charging Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE WIRELESS CHARGING MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
