North America Wireless Charging Market Synopsis
North America Wireless Charging Market is projected to grow in the forecast period mainly due to the increasing adoption of wireless charging technology in various consumer electronic devices such as smartphones, smartwatches, and wireless earbuds.
According to 6Wresearch, North America Wireless Charging Market size is likely to grow during 2023-2029. The key factor for the growth of the market is the growing emphasis on the Internet of Things (IoT) and the increasing number of IoT devices which has created immense demand for wireless charging solutions. The automotive industry has played a major role in bolstering the market. The rising popularity of electric vehicles (EVs) has fuelled the demand for wireless charging solutions and this has created a favourable market opportunity for companies specializing in wireless charging infrastructure and technology. The increase of smart homes and the integration of wireless charging technology into household instruments and furniture have also contributed to the major growth of the North America wireless charging Market in 2023. There are certain challenges present in the market. Interoperability is a major challenge in the market. There are several different wireless charging standards and technologies in the market which has created competition among the manufacturers. This lack of standardization can create confusion for consumers and hinder the widespread adoption of wireless charging technology.
North America Wireless Charging Market: Key Players
These are the major key players in the market who are involved in the supply and production of wireless charging equipment. These companies have led to an increase in the North America Wireless Charging Market Growth.
- Qualcomm Incorporated
- WiTricity Corporation
- Powermat Technologies Ltd.
- Energous Corporation
- ZTE Corporation
- Samsung Electronics Co., Ltd.
- Texas Instruments Inc.
- Integrated Device Technology, Inc.
- Apple Inc.
- Belkin International, Inc.
COVID-19 Impact on North America Wireless Charging Market
The North America wireless charging market had a multifaceted impact due to the outbreak of the COVID-19 pandemic. The market experienced disruptions in supply chains due to lockdowns imposed by the authorities, factory closures, and restrictions on international trade, which affected the production and availability of wireless charging components and devices in the market. This led to delays in product launches and slowed down the growth momentum of the market. The market is an integral part of the Global Wireless Charging Market and these factors negatively affected the market. As the pandemic progressed, some aspects of the wireless charging market witnessed major growth. With more people working from home and relying heavily on their electronic devices, there was an increased demand for convenient charging solutions. There was the need for a contactless and hassle-free way to keep devices powered up and it led to an increase in the popularity of Wireless charging instruments during the pandemic.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022.
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- North America Wireless Charging Market - Import Export Trade Statistics
- North America Wireless Charging Porter's Five Forces
- Historical Data and Forecast of Canada Wireless Charging Market Revenues & Volume By Applications for the Period 2019 - 2029
- North America Wireless Charging Market - Opportunity Assessment By Technology
- Historical Data and Forecast of Canada Wireless Charging Market Revenues & Volume By Healthcare for the Period 2019 - 2029
- North America Wireless Charging Market - Opportunity Assessment By Countries
- North America Wireless Charging Industry Life Cycle
- Historical Data and Forecast of Canada Wireless Charging Market Revenues & Volume By Automotive for the Period 2019 - 2029
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