Triton Market Research has concluded that the North America wireless charging market is projected to grow at a CAGR of 24.84% in the estimated years 2019-2028.
The countries evaluated in this market include:
• The United States
• Canada
Having cable-free gadgets and electronics, which earlier seemed next to impossible, is now coming closer to reality. The idea of using wireless charging for several small & large electronics devices is gaining momentum, and its demand is witnessing a continuous rise. Wireless charging technology is convenient, effective, as well as time-saving. Moreover, smartphones have become a necessity in today’s times, and have witnessed a revolution in terms of charging. The latest mobile phone models, like Google Nexus, iPhone 8 and X, Nokia Lumia, and Samsung Galaxy are all compatible with wireless charging.
Additionally, smart wearables such as smartwatches, fitness necklaces, fitness wristbands, and other wearables, are being equipped with wireless charging features. Owing to hectic lifestyles, people prefer carrying lightweight items in their bags. There is also a rising preference for convenient, easy-to-use products and technology. Therefore, wireless charging has largely attracted customer attention. These factors will lead to the growth of the wireless charging market in the coming years.
Another crucial factor contributing to the growth of the market is that wireless charging minimizes the heating of the device, thereby charging it efficiently. These devices, like phones, smartwatches, laptops, cameras, smart wearables, etc., can be left over the desk to charge, without having to connect them to the socket. These features make wireless charging a preferred choice among consumers.
Qualcomm Incorporated is a technology company that is engaged in designing, manufacturing, and marketing digital technologies for use in electronic devices, wireless products, and network equipment. Its range of wireless charging products includes WiPower and Qualcomm Halo. The company is known for its well-developed R&D infrastructure, and garnered $22.29 billion in FY2017. The US-based company has its headquarters in San Diego, California.
The top key players in the wireless charging market are Powermat, Belkin International Inc, Semtech, Aircharge, Samsung, Energous Corporation, WiTricity Corporation, TDK Corporation, Qualcomm Technologies Inc, Renesas Electronics Corporation (Integrated Device Technology Inc), ConvenientPower HK Limited, Infineon Technologies AG, Texas Instruments Incorporated, NuCurrent, and NXP Semiconductors.