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Wireless Charging Market Trends

  • Report ID: GMI440
  • Published Date: Jul 2024
  • Report Format: PDF

Wireless Charging Market Trends

Integration of wireless charging with smart home devices are a growing trend enhancing convenience and functionality. Recent innovations have seen companies like Google and Amazon incorporating wireless charging capabilities into their smart speakers, hubs, and other connected devices. This integration eliminates the need for external power cords, reducing clutter and simplifying setup.
 

For example, In January 2023, Samsung introduced a new device called the SmartThings Station, which combines a wireless charger with a smart home hub. This innovative product is designed to simplify smart home management while providing fast charging capabilities. This trend reflects a broader push towards wireless solutions in home automation, promoting a cleaner, more streamlined user experience and driving the adoption of wireless charging technology across various smart home products.
 

Collaboration between technology companies and automotive manufacturers are driving significant advancements in wireless charging for electric vehicles (EVs). These partnerships combine expertise in electronics and automotive design to create seamless, efficient charging solutions. Such collaborations often result in integrated systems that enhance user experience, such as automatic alignment and faster charging times.
 

By leveraging each other's strengths, these alliances accelerate the development and adoption of innovative technologies, promoting the widespread use of wireless charging in the automotive industry and improving the convenience of EV ownership. For example, in April 2023, Tata Passenger Electric Mobility Ltd. (TPEM) has partnered with Shell India Markets Private Limited (SIMPL) to enhance the electric vehicle (EV) charging infrastructure across India.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of wireless charging reached USD 14.62 billion in 2023 and is set to register over 33.2% CAGR between 2024 and 2032, due to rapid growth of electric vehicles (EVs).

The automotive application segment in the wireless charging industry will reach over USD 64 billion by 2032, owing to the push for innovative, convenient charging solutions.

North America held over 34% of the market share in 2023, due to its advanced technological infrastructure and high adoption rates of consumer electronics.

Samsung Electronics, Co., Ltd., Energizer Holdings Inc, Infineon Technologies, MediaTek, Inc., Qualcomm Incorporated, Texas Instruments, Inc., and Murata Manufacturing Co. Ltd.

Wireless Charging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 215
  • Countries covered: 21
  • Pages: 200
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