Pathronic AG the prominent player of wireless charging technology has joined hands with Luxshare-ICT, a Chinese company specializing in designing interface and connector technology. With this joint venture, the company will adopt near-field communication (NFC) technology in consumer electronics.
Electreon Wireless Ltd. announced the collaboration with Toyota Motor Corporation and Denso Corporation, to achieve carbon neutrality by technologically advancing and developing wireless charging technology. Moreover, it will promote wireless technology in combined projects in the United States, Japan, and the European Union.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5026
Published Date: Jun 14, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing adoption of electric vehicles, smart wearable devices, and other consumer electronics, such as laptops, tablets, and others are the major factors driving the market growth.
The market size of wireless charging is anticipated to attain a CAGR of about ~ 23% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Texas Instruments, Inc, Pathronic AG, Energizer Holding Inc., ConvenientPower, Leggett and Platt Inc., Tesla Inc., Electreon Wireless Ltd., Powermat Technologies Ltd., WiTricity Corporation, Qualcomm Incorporated.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by technology, application, implementation end user, and by region.
The inductive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Lack of faster charging, high cost of using wireless charging, and interoperability issues with various devices are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.