North America Wireless Charging Market to Hold the Largest Market Size to Grow Your Revenue

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MarketsandMarkets Presents

North America Wireless Charging Market to Hold
the Largest Market Size to Grow Your
Revenue Wireless Charging Market with COVID-19
Impact by Implementation (Transmitters,
Receivers), Technology (Magnetic Resonance,
Inductive, Radio Frequency), Application
(Consumer Electronics, Healthcare, Automotive),
and Region - Global Forecast to
2026 https//www.marketsandmarkets.com/Market-Rep
orts/wireless-charging-market-640.html
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According to the new market research
report "Wireless Charging Market with COVID-19
Impact by Implementation (Transmitters,
Receivers), Technology (Magnetic Resonance,
Inductive, Radio Frequency), Application
(Consumer Electronics, Healthcare, Automotive),
and Region - Global Forecast to 2026", published
by MarketsandMarkets, the overall Wireless
Charging Market is expected to be valued at USD
4.5 billion in 2021 and projected to reach USD
13.4 billion by 2026, at a CAGR of 24.6 between
2021 and 2026. The driving factor for the growth
of this market includes the rising adoption of
wireless technology in consumer electronics, an
increase in sales of electric vehicles, and the
ability to charge multiple devices. However,
compatibility issues restrict the growth of
wireless charging in various industries. Browse 1
12 market data Tables and 48 Figures spread
through 167 Pages and in-depth TOC on "Wireless
Charging Market with COVID-19 Impact - Global
Forecast to 2026"
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Receivers market to lead the wireless charging
market during the forecasted period The wireless
power receiver IC is designed for applications
such as smartphones, tablets, wearables, and
other related accessories. Companies such as
Samsung, Xiaomi, OnePlus, Apple, and Motorola
have begun integrating wireless charging receiver
into wearables, smartphones, hearing aids, and
other electronic devices. Wireless charging is
also integrated into public spaces such as
offices, airports, hotels, cafes, and
restaurants. Ask PDF Brochure https//www.market
sandmarkets.com/pdfdownloadNew.asp?id640 Market
for the magnetic resonance to grow at fastest
CAGR from 2021 to 2026 The magnetic resonance
wireless charging technology is used to charge
multiple devices from the same charger. It is the
most versatile wireless charging method and used
for objects such as electric cars, laptops,
computers, and power tools. Companies providing
magnetic resonance technology include Infineon,
Energizer, and WiTricity. In May 2020, China
Electricity Council introduced a set of national
standards for wireless charging electric vehicles
that are based on the magnetic resonance charging
technology developed and patented by WiTricity.
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Consumer electronics market to hold the largest
market share for wireless charging in
2020 Consumer electronics application is expected
to hold the largest market owing to the large
number of usage of wireless charging in
electronics devices such as smart phones,
laptops, wearables, and kitchen appliances. Major
companies such as Apple, Motorola, iOttie, and
Xiaomi are manufacturing wireless charging
devices including smartwatches, fitness trackers,
and smart eyewear with Qi-standard wireless
charging technologies. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id640 Major players in the wireless
charging market are Energizer Holdings, Inc.
(US), Evatran Group (US), Energous Corporation
(US), Leggett Platt (US), Powermat (Israel),
Momentum Wireless Power (US), Ossia Inc. (US),
Powercast Corp. (US), Samsung Group (South
Korea), Elix Wireless (Canada), WiTricity
Corporation (US), and Zens (Netherlands).
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APAC to be the fastest growing market for
wireless charging during the forecast period The
wireless charging market in APAC is expected to
grow at highest CAGR during forecasted period.
Rapid industrialization has boosted the
manufacturing sector in APAC. China is one of the
most impacted countries by the COVID-19 pandemic
in APAC and a major manufacturing hub in the
region. Apart from China, vigorous industrial
activities in other countries of the region offer
lucrative opportunities for the growth of the
wireless charging market. COVID-19 impact on the
wireless charging market The COVID-19 impact
forecast for the wireless charging market in this
report is based on the quarterly and annual
reports of the companies under study. Primary
interviews have confirmed the downward trend in
the wireless charging market in 2020. However,
the market is expected to rise after the COVID-19
crisis has been neutralized, as governments have
imposed strict policies to maintain safe
environments in all manufacturing industries. At
present, the adoption of wireless charging is
high in the consumer electronics, and automotive
industries. Before COVID-19, governments were
supporting companies in the wireless charging
ecosystem either financially or through favorable
policies. However, governments across countries
are now concentrating on health services to
contain the pandemic. This may lead to less
government support, causing the market for
wireless charging to decline further. In 2020,
wireless charging manufacturers are collaborating
with technology providers to improve the
efficiency of their products.
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