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Wireless Charging Market is Projected to Register a Healthy CAGR of 60.22% in the Forecast to 2025

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john dbmr

Wireless charging market is expected to reach USD 145,337.92 million by 2025 from USD 3,346.91 million and is projected to grow at a CAGR of 60.22% in the forecast period of 2020 to 2025. Wireless charging helps in the transmission of energy without wires from a power device. Wireless charging gadgets involve a charging station that transmits the vitality and is incorporated inside a gadget that gets the vitality and charges the battery.

It is a solid, helpful and safe innovation to power and charge electrical gadgets. It is multiple efficient and safer over the traditional charging system. It has wide application in electronic devices such as smartphones, laptops, portable devices and others.

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Key Players: Global Wireless Charging Market

The renowned players in wireless charging market are Qualcomm Inc., Leggett & Platt, Incorporated. Murata Manufacturing Co. Ltd, Powerbyproxi Ltd., Powermat Technologies Ltd.,  Fulton Innovation LLC, Texas Instruments, Inc., WiTricity Corporation, Convenient Power HK Ltd., Texas Instruments Incorporated, , Integrated Device Technology, Inc., Murata Manufacturing Co. Ltd., Duracell Powermat, Energizer Holdings, Inc, Oregon Scientific, Inc. and Anker among others.

Market Segmentation: Global Wireless Charging Market

The market is based on technology, transmission range and application.

  • Based on technology, the market is segmented into inductive technology, radiation technology and other technologies.
  • Based on transmission, the market is segmented into short range, medium range, long range
  • Based on application, the market is segmented into consumer electronics, defense, healthcare, automotive, industrial, others.

Competitive Analysis: Global Wireless Charging Market

The global wireless charging is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of wireless charging market for global, Europe, North America, Asia Pacific and South America.

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Market Drivers and Restraints:

  • High ability to charge multiple devices is expected to create a huge demand
  • Consumer inclination toward wireless connectivity is expected to lead the market
  • Growing demand is expected for wireless charging enabled smartphones
  • Lack of standards restricts the growth of the market

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