Wireless Charger Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of wireless charger market by by technology (inductive, resonant, and other technologies), application (electronics, automotive, healthcare, aerospace & defense, and other applications) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the wireless charger market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global wireless charger market are Samsung Electronics Co., Ltd., Qualcomm Incorporated, Texas Instruments, Inc., Integrated Device Technology, Inc., WiTricity Corporation, Energizer Holdings, Inc., Sony Corporation, Semtech Corporation, Murata Manufacturing Co. Ltd., and Other Companies. The global wireless charger market is projected to grow at a CAGR of 38.74% over the forecast period of 2019-2025.
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Wireless Charger Market: Drivers, Restrain and Opportunities
According to the Pew Research Center survey, more than 5 billion people around the world possess mobile phones. While around 225 million wearable devices are being shipped all over the world until 2019. The rise in demand for an efficient charging system for portable electronics and wearable is majorly driving the wireless charger market. Moreover, the growing preference of automotive players towards wireless electric vehicles is expected to boost the growth of the wireless charger market. The development of wireless charging for electric vehicles has caught pace in recent years. However, the slower speed of charging compared with other charging technologies is the major restraining factor for the growth of the wireless charger market. Nevertheless, the growing popularity of the IoT is expected to offer lucrative opportunities for the key players in the wireless charger market.
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North America Held the Highest Market Share
In terms of region, North America held the highest market share, dominating the global wireless charger market. The dominance of North America attributed to the growing adoption of wireless charging for industrial applications and rise in the awareness of wireless power technology among consumers in this region. Moreover, the higher penetration of smartphones and connected devices and the presence of major market players are expected to boost the growth of the wireless charger market in North America. While the European wireless charger market is anticipated to offer lucrative growth opportunities owing to higher adoption of electric vehicles in the region.
Wireless Charger Market: Segmentation
The report on the global wireless charger market covers segments such as technology, and application. On the basis of technology, the sub-markets include inductive, resonant, and other technologies. On the basis of application, the sub-markets include electronics, automotive, healthcare, aerospace & defense, and other applications.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the wireless charger.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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