U.S. and China Wireless Charging Market Showing Impressive Growth During Forecast Period 2021 - 2030

WILMINGTON, DELAWARE, UNITED STATES, June 3, 2024 /EINPresswire.com/ -- Allied Market Research, titled, “U.S. and China Wireless Charging Market By Technology and Industry Vertical: Opportunity Analysis and Industry Forecast, 2021–2030”, the U.S. & China wireless charging market size was valued at $4,103.5 million in 2020, and is projected to reach $24,691.4 million by 2030, registering a CAGR of 19.5%.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/A12376

Wireless transmission transfers electrical power from the transmitter to the receiver without any wire connection. Wireless charging technology allows multiple devices to connect wirelessly. Inductive charging is the most extensively used technology owing to its increased incorporation in wireless charging systems for automotive sectors. Laser and microwave wireless charging technologies are projected to exhibit the highest growth in the market due to their focus on narrow beam capability, comparatively higher frequencies allowing broad bandwidth, and high-power transmission rate.

The constantly evolving portable electronics and wearables majorly drive the growth of the U.S. & China wireless charging market, owing to flexibility and hassle-free charging. Moreover, the necessity to harvest ambient RF energy and increase sales of electric vehicles are expected to boost the growth of the U.S. & China wireless charging market. Furthermore, excessive research in far-field wireless charging technologies and trending Internet of Things (IoT) are expected to provide lucrative growth opportunities. However, technology is expensive to integrate and comparatively slower charging is expected to hinder the growth of the U.S. & China wireless charging market share.

The inductive technology segment contributed the maximum in terms of revenue to the market and accounted for a 53.8% share in 2020. Factors such as hassle-free and enclosed connections offered by the inductive charging technology propels the market sales. However, between 2020 and 2030, radio frequency technology is expected to grow at a faster rate, by 22.4% in comparison to other technologies. RF charging has greater opportunities as compared to induction as it possesses stronger technical areas. With Far-Field RF wireless charging, the device need not to be pressed on a panel; radio waves emitted in a nearby area charge the smartphone.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A12376

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The U.S. and China Wireless Charging industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐔.𝐒. 𝐚𝐧𝐝 𝐂𝐡𝐢𝐧𝐚 𝐖𝐢𝐫𝐞𝐥𝐞𝐬𝐬 𝐂𝐡𝐚𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

FULTON INNOVATION LLC
SAMSUNG ELECTRONICS CO., LTD.
ENERGIZER HOLDINGS, INC.
QUALCOMM TECHNOLOGIES, INC
POWERMAT TECHNOLOGIES LTD.
WITRICITY CORPORATION
SONY CORPORATION
MURATA MANUFACTURING COMPANY, LTD.
SEMTECH
RENESAS ELECTRONICS CORPORATION (INTERATED DEVICE TECHNOLOGY, INC.)

Home-based products segment was the largest contributor of revenue in 2020 and is expected to grow at a CAGR of 20.4% from 2021 to 2030. Increasing demand for efficient charging systems for portable electronics is the prime reason for such growth. The surging adoption of wearable devices such as medical equipment, defibrillators, exoskeletons, pacemakers, and wheelchairs in personal healthcare and consumer electronics is one of the major factors for this growth.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

COVID-19 has impacted the global electronics and semiconductor sector, due to which production facilities as well as new projects have stalled. The emergence of COVID-19 has lowered the U.S. & China wireless charging market growth in 2020 and is estimated to witness decent growth till the end of 2021. The implementation of partial or complete lockdowns across countries is the prime reason for the lower growth rate.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A12376

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

- The home-based products segment is projected to be the major application growth segment during the forecast period.
- The U.S. dominated the market throughout the forecast period.
- China is anticipated to witness the highest growth rate during the forecast period.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Market Research
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