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Wireless Charging Market size was valued at USD 6.39 Billion in 2022 and is poised to grow from USD 7.62 Billion in 2023 to USD 31.04 Billion by 2031, at a CAGR of 19.2% during the forecast period (2024-2031).

Wireless Charging Market is witnessing intense competition among key players operating in the industry. The market is characterized by the presence of several established companies as well as emerging players, all striving to gain a significant market share. These companies are continuously engaged in research and development activities to enhance their product offerings and stay ahead in the competitive landscape. The wireless charging market is further intensified by the entry of new players. Startups and smaller companies are introducing novel wireless charging technologies, disrupting the market and challenging the dominance of established players. These emerging players often focus on niche markets or specific applications, offering unique solutions that cater to specific customer demands. In addition to the hardware and device manufacturers, there is also a competitive landscape in the software and infrastructure segment of the wireless charging market. Companies are developing software solutions and infrastructure to enable seamless wireless charging experiences. This includes the development of charging management systems, wireless power transfer algorithms, and integration with smart home and IoT ecosystems. 'Qualcomm Incorporated (US)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Apple Inc. (US)', 'Texas Instruments Incorporated (US)', 'Broadcom Inc. (US)', 'Toshiba Corporation (Japan)', 'Energizer Holdings, Inc. (US)', 'Sony Corporation (Japan)', 'Panasonic Corporation (Japan)', 'Powermat Technologies Ltd. (Israel)', 'Integrated Device Technology, Inc. (US)', 'NXP Semiconductors N.V. (Netherlands)', 'Murata Manufacturing Co., Ltd. (Japan)', 'WiTricity Corporation (US)', 'PowerbyProxi Ltd. (New Zealand)', 'ConvenientPower HK Limited (Hong Kong)', 'ZTE Corporation (China)', 'Powercast Corporation (US)', 'PowerSphyr Inc. (US)'

The proliferation of electronic devices such as smartphones, tablets, smartwatches, and wireless earbuds has driven the demand for wireless charging solutions. Consumers are increasingly looking for convenient and hassle-free charging methods that eliminate the need for cables and connectors. This driver has led to the integration of wireless charging capabilities in a wide range of devices. For example, Apple's latest iPhone models, Samsung Galaxy smartphones, and various other electronic gadgets now support wireless charging.

Integration of wireless charging in furniture and public spaces: A growing trend in the wireless charging market is the integration of charging capabilities in furniture and public spaces. Furniture manufacturers are incorporating wireless charging pads into desks, tables, and nightstands, allowing users to conveniently charge their devices while using or resting them on the furniture. Moreover, various public spaces such as airports, restaurants, and hotels are installing wireless charging stations to provide charging facilities to their customers. This trend enhances the accessibility and convenience of wireless charging, making it more prevalent in daily life.

North America dominated the Wireless Charging Market, with a market share of over 35%. This region's dominance can be attributed to the high adoption rate of smartphones and other mobile devices, coupled with the presence of several key market players. The United States is the largest market for wireless charging in North America, with significant demand from consumers and businesses alike.

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Global Wireless Charging Market

Product ID: SQMIG45J2149