Share
Wireless Charging Market: Segmented: By Technology (Inductive, Resonant, Radio frequency and others); By Application (consumer electronics, medical, healthcare, automotive, industrial and defense) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
Wireless Charging Market size was valued at USD 11 billion in 2019 and is estimated to grow at a CAGR of 45.8% from 2020 to 2030.
The process of recharging batteries from a power source to a consuming device without any physical contact is referred to like wireless charging. It comprises an electric current that is passed between objects through coils to induce an electromagnetic field that charges the battery. Wireless charging provides an efficient, convenient, reliable, cost-effective, and safer charging of devices over the traditional physical cable charging method.
Wireless Charging Market is expected to project a CAGR of 45.8% during the forecast period, 2020-2030
Features such as ease of handling devices, mobility, electric shock protection, flexibility, convenience, and efficiency are most likely to contribute to the growth of this market. The increase in the demand for fuel-efficient electrical vehicles is also anticipated to be a growth driver in the market.
By application
it can be further categorized into consumer electronics, medical, healthcare, automotive, industrial, and defense. Consumer electronics are likely to dominate the application segment in the forecasted period due to the high demand for wireless smartphones in the market.
Based on technology
the wireless charging market is segmented as Inductive, Resonant, Radiofrequency, and others. Inductive technology holds high demand in the market due to its universal application. Resonant technology is used by companies such as Qualcomm and Samsung that allows charging multiple devices simultaneously and is likely to take over inductive technology by the forecasted period.
Mobility, Flexibility, and efficiency will act as growth drivers
Features such as ease of handling devices, mobility, electric shock protection, flexibility, convenience, and efficiency, contribute to the growth of this market. The increasing demand for power for devices and the problem of carrying multiple chargers are key drivers in this market. Additionally, an increase in the internet of things is also boosting the demand for wireless charging. It is also expected to rise in electrical vehicles with the government taking measures to switch consumers to electric hybrid cars.
Inefficiency and high prices will restrict the growth of the global wireless charging market
Inefficiency in fast charging and high prices of wireless chargers are key challenges in the market. It does not provide efficient charging while at a distance which acts as a restraint in the market. Another cause is the expensive technology and slower charging rates which hinders the growth of the market and is likely to be fixed in the upcoming years.
The APAC emerges as the global leader in the wireless charging market recording a market share of 38% in the year 2018 due to the high demand for electronic devices such as laptops and smartphones. Whereas North America and Western Europe are also expected to witness significant growth over the years due to the growing preference of consumers and the pace of buying quality products in the market. On the other hand, developing countries such as China, India, and Japan hold the maximum number of electronics manufacturers which is going to foster the market because of the rising demand for electrical vehicles and charging systems for portable electronic gadgets.
Business Strategy, Key Product offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Organ-on-a-Chip Market size was estimated at USD 68.3 million in 2021 and is expected to reach USD 1271.6 million by 2030.
Nortis, Organovo Holdings, Inc., Hurel Corporation, Insphero AG, MIMETAS BV, Mimetas, Emulate, InSphero, Ascendance Bio, AxoSim
By organ type and By application segment are anticipated to hold the largest Food Service Equipment Market
Drivers: High usage is expected to increase the market size
Organ-on-chips is a glass slide coated with human cells configured to imitate a tissue such as a lung or heart. It is also called a multi-channel 3D microfluid cell culture chip which develops a narrow channel for blood and airflow in organs. It is an artificial organ that replicates the activities, mechanics, and physiological responses of the organ system.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
