Feb 11, 2020 (SUPER MARKET RESEARCH via COMTEX) -- According to the North America wireless charging market report by IMARC Group, the market is expected to grow at a CAGR of nearly 14% during 2019-2024. Wireless charging is the process of transferring electrical energy from the power source to a device without the utilization of wires. It includes transmitters and receivers and works on the principle of inductive power transfer (IPT). It is reliable, convenient, cost-effective and eliminates the usage of physical connectors and cables. As a result, it is extensively utilized in smartphones, laptops, wearable electronics and medical devices.
Wireless charging offers convenience, enhanced durability and multiple devices charging features. These benefits, coupled with high-income levels and the easy availability of advanced consumer electronics, represent one of the key factors driving the market growth in the North American region. Apart from this, several manufacturers operating in the industry are investing in research and development (R&D) activities to introduce innovations and increase their existing consumer base. For instance, Zendure USA Inc., a consumer electronics company, launched Q4 Wireless Bundle to Q3 Wireless Chargers that offers optimum charging speed, with a compact and portable size.
Some of the major players operating in the industry worldwide Convenient power HK Limited, Energizer Holdings Inc /zigman2/quotes/209643437/composite ENR +6.29% , Integrated Device Technology, Inc. (IDTI), Leggett & Platt, Inc. /zigman2/quotes/206009340/composite LEG +3.86% , MURATA MFG CO L/ADR (otcmkts:MRAAY), Powermat Technologies Ltd., Qualcomm Incorporated, Texas Instruments Incorporated, Witricity Corporation and Samsung.
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Market by Technology
Radio Frequency Based Charging
Market by Transmission Range
Market by Application
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