The Wireless Charging Industry is growing continually, mainly due to the proliferation of smartphones. Besides, the increasing uptake of other smart connected devices, such as wearables, wireless-charging devices, and advancements in technologies, are influencing the market growth, positively. The market is booming and expected to garner exponential gains over the forecast period.

According to Market Research Future (MRFR), the valuation of Wireless Charging Industry would reach over USD 24.05 BN by the end of 2023. MRFR also confirms that during the forecast period (2017-2023), the market would register a whopping, double-digit CAGR of 32.56%. Improving economic conditions that are enhancing consumers purchasing power is a key driving force behind the growth of the market.

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Segmental Analysis

By Technology: Inductive Coupling and Capacitive Coupling, among others.

By Component: Transmitters and Receivers.

By Application: Smartphones, Tablets, Consumer Electronics, Wearable Devices, Healthcare, Aerospace, Defence, Automotive, and Industrial, among others.

By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.

Key Players:

The prominent players in the market of Wireless Charging Industry are – Samsung Electronics Co Ltd. (South Korea), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), NXP Semiconductors (Netherlands), Powermat Technologies Ltd (Israel), WiTricity Corporation (U.S.), PowerbyProxi (New Zealand), Qualcomm Inc. (U.S.), TDK Corporation (Japan), Convenient Power HK Limited (China) among others.

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Regional Analysis

The Asia Pacific region dominates the global Wireless Charging Industry. The region holds immense growth potential to grow further exponentially. Furthermore, the rapidly growing consumer electronics sector drives the regional market growth, creating a massive demand in the market.

Availability of charging devices at a much affordable cost and the presence of many electronic devices manufacturing companies foster the regional market. China, Japan, and India have been leading the APAC Wireless Charging Industry in terms of market share, and this trend would continue in the upcoming years. The market is further expected to generate a substantial revenue pocket through 2018-2023.

The Wireless Charging Industry in North America takes the second lead, globally. The region is a hub for technological advances, and the presence of a well-established infrastructure supports market progress, allowing early implementations of advanced technologies. The North American Wireless Charging Industry demonstrates a vast revenue generation potential, particularly from the automotive and consumer electronics industry verticals.