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Wireless Charger Market Segmented By technology such as Magnetic Resonance, Electromagnetic Induction, Radio Frequency used in Smartphones, Wearable devices, Tablet PC, Mobile Accessories, Automotive.
Wireless Charging offers an appropriate, safe, and consistent method to charge and power lots of electrical devices in various sector such as industrial, commercial, automobile and residential sector. The wireless charger uses wireless technology which is gaining drive in every electronic product used in different areas.
With the use of electronic devices increasing in every consumer application, which is required to offer enhanced and suitable battery life to the electronic devices and automobiles. Hence, with the advancement in technology, wireless chargers are rapidly growing and are widely used in consumer electronics segment.
Due to the development of wireless charger, physical connectors and cables are eliminated. Wireless charger delivers numerous benefits such as efficiency, cost, and security as compared to wired chargers or traditional cords used for charging.
From smartphones to industrial devices and automobiles, wireless charger offers reliable transfer of power to all range of devices and equipment instantly. These wireless chargers use wireless charging technologies to safely transfer power from a charging source to a receiving device for wirelessly charging a battery without a physical connection.
The advantages of wireless charging are not only restricted to consumer device applications. In many countries, the government has initiated development of electric vehicle charging infrastructure which is one of the impacting factors in the wireless charger market.
Increased adoption of wireless computing devices and rising demand for electric cars are the factors driving the growth of wireless charger market.
Low efficiency of wireless chargers and lack of universal standards are expected to hinder the growth of wireless charger market.
Installation of wireless charging at retail and public outlets and installation of wireless charging in automobiles are the latest trends in wireless charger market
Few prominent players in Wireless Charger market include Samsung Electronics Co., Ltd, LG Electronics, Spigen Inc, Ravpower, Nillkin Magic Disk, Energizer Holdings, Inc., Intel Corporation, QUALCOMM Incorporated, Belkin International, Inc., Incipio, LLC, and others.
Presently, North America is expected to dominate the wireless charger market owing to increasing awareness of wireless power technology among users and higher adoption of wireless charger for industrial applications in the US.
Europe is expected to contribute significantly to market growth as there is a massive demand for wireless car charging in automobile sector. APAC is expected to proliferate rapidly due to increase in usage of consumer electronics in this region. Latin America and MEA are expected to grow significantly over the forecast period.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.