Skip to main content

Wireless Charging Market with Global Competitive Analysis, and New Business Developments

The global wireless charging market revenue stood at $4 billion in 2020, and it will rise significantly between 2021 and 2030 (forecast period), as per the estimates of P&S Intelligence, a market research company based in India. The major factors driving the expansion of the market are the burgeoning requirement for wireless charging in headphones, smartwatches, smartphones, and various other consumer electronic devices, integration of wireless charging features in medical instruments, and surge in the electric vehicle (EV) industry.

The popularity of this technology is surging in the EV industry, as it is being explored in order to replace the conventional method of charging the vehicle by connecting it to a power source with the help of a cord. Moreover, this charging technology is being incorporated in electric vehicles for reducing the requirement for human involvement. Several international organizations, such as the Society of Automotive Engineers (SAE), International Electro Technical Commission (IEC), Institute of Electrical and Electronics Engineers (IEEE), and the Underwriters Laboratories (UL) are focusing on introducing standards for improving the efficiency and safety of wireless EV charging systems.


Geographically, North America dominated the wireless charging market in the past, and it is predicted to exhibit rapid expansion in the coming years as well. This will be because of the existence of numerous industry players in the region, such as Qualcomm Technologies Inc. and Plugless Power Inc. Additionally, the rapid advancements being made in the medical equipment sector, primarily in the U.S., are providing opportunities to manufacturers for investing heavily in wireless charging.

This is expected to propel the regional market in the coming years. WiTricity Corporation, Samsung Electronics Co. Ltd., Texas Instruments Inc., Qualcomm Technologies Inc., Integrated Device Technology Inc., NXP Semiconductors N.V., Convenient Power HK Limited, TDK Corporation, and Powermat Technologies Ltd. are some of the major players operating in the industry. In recent years, these players have actively focused on product launches and collaborations in order to augment their revenue and bolster their position in the industry.

Hence, it can be safely said that the market will demonstrate rapid expansion in the coming years, mainly because of the growing requirement for wireless charging technology in consumer electronic devices.
Labels:

Comments

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
Post a Comment
Read more

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...
Post a Comment
Read more

India Structured Cabling Market Technological Advancements, Evolving Industry Trends and Insights

A number of factors such as booming requirement for high bandwidth, escalating need for effective cable management, and surging data center sector are expected to drive the Indian structured cabling market at a CAGR of 11.5% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $508.0 million in 2020 and it is projected to reach $1,504.9 million by 2030. Moreover, the market is witnessing a trend of rapid digitization in India. One of the primary factors for the market growth is the burgeoning demand for high bandwidth, owing to the surging penetration of internet in Indian. Structured cabling enables high bandwidth, which has become a necessity for smooth operations in business organizations. This demand is rising at a rapid pace, owing to the high data transfer capability, flexibility, and low cost of the structured cabling. As it is the basis of efficient IT infrastructure, this type of cabling is getting attention from the government...
Post a Comment
Read more