MarkNtel Advisors recently published a report, titled, ” Global Wireless Charging Market By Technology (Magnetic Resonance, Magnetic Induction, Radio Frequency), By Implementation (Transmitters, Receivers, Aftermarket, Integrated), By Application (Consumer Electronics,Automotive, Healthcare, Industrial, Others),. As per as the report The Global Wireless Charging Market is projected to grow at a CAGR of around 24.4% during the forecast period, i.e., 2023-28.
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Possible Restraint: Limitation of Wireless Charging Standards
Generally, wireless mode of charging is advantageous only for devices compatible with Qi-enabled wireless charging standards, and then it takes comparatively 30-80% more time to charge than cable charging. Moreover, Qi-enabled technology consists of two standards, wireless power consortium (WPC) & Airfuel alliance.
Therefore, as end-users are compelled to invest a large amount of money in following both standards, they are avoiding wireless chargers since cable chargers are much cheaper & simpler, hampering industrial expansion. Moreover, the absence of a common charging standard and competition between charging standards is leading to lesser consumption of wireless chargers, further restraining market expansion.
Leading Companies in Global Wireless Charging Market:
Samsung, Energous Corporation, Powermat, Powercast Corporation, Elix Wireless, Zens, Energizer, Ossia Inc., Evatran Group, Leggett & Platt, Fulton Innovation LLC, Murata Manufacturing Company Ltd., Qualcomm Technologies, Inc., Sony Corporation, Texas Instruments, Inc., Others.
Global Wireless Charging Market Segmentation:
By Technology
-Magnetic Resonance
-Magnetic Induction
-Radio Frequency
By Implementation
-Transmitters
-Receivers
-Aftermarket
-Integrated
By Application
-Consumer Electronics
-Automotive
-Healthcare
-Industrial
-Others (Aerospace and Defence, etc.)
Get Full Access Of Global Wireless Charging Market Report : https://www.marknteladvisors.com/research-library/wireless-charging-market.html
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global Wireless Charging Market are:
•What is Global Wireless Charging Market?
•What was the market size in 2023?
•What is the growth rate of the Global Wireless Charging Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Wireless Charging Market?
•What segments are covered in the Market?
•Who are the key players in the Global Wireless Charging Market?
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