Wireless Charging Market: Global Analysis, Opportunities And Forecast To 2032

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Wireless Charging Market Trends, Analysis
Forecast, 2032
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• Industry Insights

• As per a recent research report, Wireless
  Charging Market to surpass USD 120 Bn by 2032.
• Global Wireless Charging Market is speculated to
  grow steadily through 2032 owing to the surging
  popularity of wearable devices such as
  smartwatches and fitness trackers. Moreover,
  increasing proliferation of autonomous and
  electric vehicles worldwide is projected to
  support the demand for wireless charging
  solutions, thus seamlessly supporting the owners
  to charge their vehicles. Such trends are
  forecast to augment the industry outlook in the
  coming years.
• Heightened adoption for wireless charging
  solutions amongst various business conglomerates
  would compel market participants to introduce
  unique solutions. Moreover, businesses are also
  investing in deploying charging solutions that
  allow drivers to charge their cars while on the
  highways. Industry leaders are also concentrating
  on ramping up their RD operations and global
  footprint to expand their product portfolios and
  secure a competitive edge in the market.

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• For instance, in May 2022, Powermat Technologies
  launched the Powermat PMT 100 Wireless Power
  System, to fulfill the needs of small IoT
  (internet of things) devices for lifestyle, smart
  homes, and medical applications. The product
  offers a higher degree of performance and a
  seamless charging experience.
• The wireless charging market has been divided in
  terms of technology, application, and region.
• Based on technology, the resonant segment is
  slated to attain more than 30 market share by
  2032. The resonant technology is expected to
  unfold as the most valuable innovation in the
  sector as it helps in charging devices throughout
  mid-range distances, thus maximizing the comfort
  for end users. The technology enables multiple
  devices to be charged simultaneously of differing
  power and sizes, which will help bolster market
  growth.

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• Regional Analysis

Middle East Africa wireless charging market was
valued at more than USD 2.5 billion in 2022. The
MEA region is likely to expand significantly as
airports and airlines in the region have
installed multiple charging stations in lounges
as well as onboard seats. Furthermore, the
GCC-based airlines have been using the charging
facilities to improve the traveler experience on
both long-haul and short-haul flights. Such
advantages are anticipated to foster the regional
growth in the ensuing years

• Competitive Analysis

• Argo AI, Cepton Technologies, Inc., Fugro N.V.,
  Innoviz Technologies Ltd., LeiShen Intelligent
  Systems Co., Ltd., Ouster, Inc., Luminar
  Technologies, Inc., Phantom Intelligence,
  Quanergy Systems, Inc., Phoenix LiDAR Systems,
  Tetravue, Inc., Trimble Inc., Topcon Positioning
  Systems, Inc., and Velodyne LiDAR, Inc

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