Short-Range Wireless Power Charging Market – Industry Trends and Forecast for period from 2024 to 2031
The "Short-Range Wireless Power Charging Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Short-Range Wireless Power Charging market is expected to grow annually by 8.8% (CAGR 2024 - 2031).
This entire report is of 147 pages.
Short-Range Wireless Power Charging Introduction and its Market Analysis
The Short-Range Wireless Power Charging market research report analyzes the current market conditions and forecasts its growth at a remarkable pace. Short-Range Wireless Power Charging technology enables the charging of devices without the need for physical connections. The target market includes consumer electronics, automotive, healthcare, and industrial sectors. Revenue growth is driven by increasing adoption of wireless charging, technological advancements, and convenience in charging. Major companies operating in the market include Qualcomm Incorporated, Convenient Power HK, Integrated Device Technology, Murata Manufacturing, Texas Instruments, Huawei, Samsung, Momax, and Shenzhen Qixin Tongchuagn. The report recommends focusing on innovation, strategic partnerships, and expanding market reach to capitalize on the growing demand for Short-Range Wireless Power Charging technology.
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The Short-Range Wireless Power Charging market has been gaining traction with various power capacities such as 5W, 15W, 20W, and others, catering to devices such as tablets, laptops, mobile phones, and others. This market segment is witnessing growth due to the increasing demand for convenient and efficient charging solutions.
Regulatory and legal factors specific to the market conditions include compliance with safety standards for electromagnetic emissions and interference, as well as ensuring product quality and performance. Manufacturers of wireless power charging devices must adhere to regulations set by organizations such as the Federal Communications Commission (FCC) and the International Electrotechnical Commission (IEC) to ensure product safety and consumer protection.
As the demand for wireless power charging solutions continues to grow, it is essential for companies operating in this market to stay informed about regulatory requirements and legal considerations to ensure compliance and maintain a competitive edge. By following industry standards and regulations, companies can build trust with consumers and drive innovation in the rapidly evolving Short-Range Wireless Power Charging market.
Top Featured Companies Dominating the Global Short-Range Wireless Power Charging Market
The Short-Range Wireless Power Charging Market is highly competitive, with key players including Qualcomm Incorporated, Convenient Power HK, Integrated Device Technology, Murata Manufacturing, Texas Instruments, Huawei, Samsung, Momax, and Shenzhen Qixin Tongchuagn. These companies offer a variety of wireless charging solutions for smartphones, wearables, and other electronic devices.
Qualcomm Incorporated is a leading player in the market, providing wireless charging technology through its Qualcomm Halo brand. Convenient Power HK specializes in wireless chargers for smartphones and other devices. Integrated Device Technology offers wireless power transmitters and receivers for a range of applications. Murata Manufacturing is known for its high-quality wireless charging solutions. Texas Instruments is a key player in the market with its cutting-edge wireless power technology.
Other players in the market, such as Huawei, Samsung, Momax, and Shenzhen Qixin Tongchuagn, also offer innovative wireless charging solutions to cater to the growing demand for convenient and efficient charging options.
These companies help grow the Short-Range Wireless Power Charging Market by continuously developing new technologies, improving efficiency, and expanding their product offerings to meet the needs of consumers. They also collaborate with device manufacturers to integrate wireless charging capabilities into their products, further driving market growth.
The sales revenue of some of these companies can vary, with Qualcomm Incorporated reported revenues of approximately $ billion in 2020, Huawei reported revenues of $136.7 billion in 2020, Samsung reported revenues of $200.6 billion in 2020, and Texas Instruments reported revenues of $14.5 billion in 2020. These figures highlight the significant market presence and financial performance of these key players in the Short-Range Wireless Power Charging Market.
- Qualcomm Incorporated
- Convenient Power HK
- Integrated Device Technology
- Murata Manufacturing
- Texas Instruments
- Huawei
- Samsung
- Momax
- Shenzhen Qixin Tongchuagn
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Short-Range Wireless Power Charging Market Analysis, by Type:
- 5W
- 15W
- 20W
- Other
Short-range wireless power charging technology comes in various power capacities, ranging from 5W, 15W, 20W, and other higher capacities. These different power levels cater to a wide range of devices, from smartphones to laptops, providing convenience and flexibility to users. The availability of different power options helps in boosting the demand for short-range wireless power charging as it caters to a variety of consumer needs and preferences. Higher power capacities like 20W also enable faster charging speeds, making the technology more appealing to users looking for efficient charging solutions.
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Short-Range Wireless Power Charging Market Analysis, by Application:
- Tablet
- Laptop
- Mobile Phone
- Other
Short-range wireless power charging technology is used in applications such as tablets, laptops, mobile phones, and other devices to enable convenient and efficient charging without the need for cables or physical contact. This technology works by transferring power wirelessly from a charging pad or transmitter to a receiver or device. The fastest growing application segment in terms of revenue is mobile phones, as the demand for wireless charging capabilities in smartphones continues to rise. This technology offers users the convenience of charging their devices without the hassle of dealing with cords, making it a popular choice for consumers.
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Short-Range Wireless Power Charging Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The short-range wireless power charging market is expected to witness significant growth across various regions. North America, particularly the United States and Canada, is projected to dominate the market, followed closely by Europe, with key countries including Germany, France, the ., Italy, and Russia. The Asia-Pacific region, including China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia, is also set to experience substantial growth. Latin America, specifically Mexico, Brazil, Argentina, and Colombia, and the Middle East & Africa, including Turkey, Saudi Arabia, UAE, and Korea, are expected to contribute to the market's expansion. The market share percent valuation is estimated to be highest in North America and Europe, with Asia-Pacific following closely behind. Latin America and the Middle East & Africa are expected to have a smaller but still significant market share. Overall, the global short-range wireless power charging market is anticipated to witness steady growth, with each region playing a key role in its development.
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