Wireless Charging Market foreseen to grow exponentially over 2023-2031 | Energous Corporation, Leggett & Platt, Powermat, Momentum Wireless Power

Global Wireless Charging Market report from Global Insight Services is the single authoritative source of intelligence on Wireless Charging Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Wireless charging technology is based on the principle of electromagnetic induction. When an alternating current is passed through a wire, it creates a magnetic field. This magnetic field can then be used to induce a current in another wire, without the need for physical contact between the two wires.

Key Trends and Drivers

The market is driven by the increasing demand for wireless charging in smartphones and other consumer electronics, and the increasing adoption of Qi standard in wireless charging.

Restraints & Challenges

One of the biggest challenges is the lack of a universal standard. There are currently three main standards ( Qi, Powermat, and Rezence) and each one is incompatible with the others. This means that consumers need to buy specific chargers for each type of device they own. This is a major inconvenience and is one of the main reasons why wireless charging has not yet reached mass adoption.

Another challenge is the limited range of wireless chargers. Most chargers only work if the device is placed directly on top of them. This means that you can’t use your device while it’s charging and can be a bit of a hassle if you need to move around while charging.

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Market Segments

By Implementation

  • Transmitters
  • Receivers

By Technology

  • Magnetic Resonance
  • Inductive
  • Radio Frequency
Key Players
  • Samsung Electronics
  • Robert Bosch GmbH
  • Energizer Holdings Inc.
  • Texas Instruments Inc
  • IDT Corporation
  • Murata Manufacturing Co
  • Evatran Group
  • Energous Corporation
  • Leggett & Platt
  • Powermat
  • Momentum Wireless Power
  • Ossia Inc.
  • Powercast Corp.

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