Global wireless charging market is estimated to be USD 4.5 billion in 2021 and projected to reach USD 13.4 billion by 2026, at a CAGR of 24.6% between 2021 and 2026.
The growing adoption of wireless technologies in consumer electronics industry, and growing sales of electriv vehicles (EV) are few of the primary factors driving market growth. Moreover, increase in use of wireless technology to charge warehouse trucks will create huge opportunities for wireless chargers in near future.
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Energizer Holdings, Inc. (US), Ossia Inc. (US), Samsung Group (South Korea), WiTricity Corporation (US), Evatran Group (US), Leggett & Platt (US), Energous Corporation (US), Powermat (Israel), Momentum Wireless Power (US), Powercast Corp. (US), Elix Wireless (Canada), and Zens (Netherlands), are the major players in the wireless charging market.
Key Market Dynamcis:
- Driver: Simulteanous charging of multiple devices
- Restraint: Declining demand for wireless chargers due to COVID-19
- Opportunity: Use of wireless technology to charge warehouse trucks
- Challenge: Expensive infrastructure needed for dynamic charging
Key Segmentation:
- Transmitters market is expected to grow at higher CAGR during forecasted period
- Magnetic Resonance technology market for wireless charging is one of the fastest growing segment during forecasted period
- APAC region is expected to record the highest CAGR during the forecast period
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