Wireless charging industry By Technology and Industry Vertical Global Opportunity Analysis and Industry Forecast

The global wireless charging market size was valued at $6,514.2 million in 2018 and is projected to reach $49,304.1 million by 2027, registering a CAGR of 23.4% during the forecast period. Wireless power transmission transfers electrical power from transmitter to receiver without any wire connection. Wireless charging technology allows multiple devices to connect wirelessly. The smart charging mats and newly launched ground pads 
wireless charging
specifically for electric vehicles increase the demand for wireless charging in the market.
Increase in sales of electric vehicles (EVs), constantly evolving portable electronics and wearables market, and frequent need of harvesting ambient RF energy are expected to drive the growth of the wireless charging market during the forecast period. However, expensive technology for its integration and slower charging as compared to other charging technologies are the factors anticipated to hamper the growth of the market. Moreover, excessive research in far-field wireless charging technologies, and increase in adoption of Internet of Things (IoT) are expected to offer lucrative opportunities for the growth of the market in future.

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