Market Highlights
Growing semiconductor industry is one of the major driving factor of this market. The global semiconductor industry is estimated to be at market size of more than USD 400 billion in the year 2017 and this is one of the major factor which is supporting the market of wireless charging. Semiconductor industry is very wide and consist thousands of products. Components which are essential for wireless charging receivers or transmitters are manufactured and developed by companies who are playing major role in the semiconductor industry. High development and high investment in R&D for the new product development is leading to the growth of both, wireless charging market as well as overall semiconductor industry.
The global Wireless Charging Market Demand is expected to reach USD 24.05 billion by the end of 2023 with 32.56% CAGR during forecast period 2017-2023.
Companies such as Qualcomm, Samsung, Texas Instruments who are driving the industry growth of semiconductor are working in advanced environment for the development of wireless charging solutions.
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The global Wireless Charging market is expected to reach USD 24.05 billion by the end of 2023 with 32.56% CAGR during forecast period 2017-2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread over 93 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Wireless Charging Market Research Report -Forecast to 2023”.
High demand for Smartphones
High demand for the smartphones are one of the major driving factor for the market of wireless charging. Consumer electronic segments accounted for 31.53% of market share in the global wireless charging market where Smartphones segment accounted for 51.46% of total market share. Increasing disposable income around the world is leading to the high expenditure on the electronic products which includes purchase of smartphones and wearable devices. A study shows that the total shipment of smartphones around the was estimated to be at 1.5 billion in the year 2016 which is expected to grow at 2 billion shipments by the end of year 2023.
Wireless Charging Global Market- Segmentation
The Wireless Charging Market can be classified into 4 key segments as follows:
- Segmentation by Technology: Inductive Coupling and Capacitive Coupling
- Segmentation by Components: Transmitters and Receivers
- Segmentation by Application: Consumer Electronics (Smartphones, Tablets, Wearable Device), Industrial, Infrastructure, and Automotive.
- Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Key Players:
The prominent players in the market of Wireless Charging market are – Samsung Electronics Co Ltd. (South Korea), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), NXP Semiconductors (Netherlands), Powermat Technologies Ltd (Israel), WiTricity Corporation (U.S.), PowerbyProxi (New Zealand), Qualcomm Inc. (U.S.), TDK Corporation (Japan), Convenient Power HK Limited (China) among others.
Regional Analysis:
Regional analysis of Wireless Charging market consists four major regions where the study of key countries has been done. Wireless charging market holds immense opportunities in the Asia pacific region which is dominating the market. factors such as high demand for the consumer electronic products in Asia pacific, high technological advancement in North America and rich presence of automotive industry in the Europe is supporting the market of Wireless charging market.
Intended Audience
- Smartphone Manufactures
- Battery Manufacturers
- Technology Providers
- Wireless Charger Manufactures
- Chip Manufacturers
- Wireless Charger Suppliers
- Distributors
- Research firms
- Consultancy firms
- Semiconductor Manufacturers
- Stakeholders
- End-user sectors
- Technology Investors
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