IMARC Group, a leading market research company, has recently released a report titled “North America Wireless Charging Market Report by Technology (Inductive Charging, Resonant Charging, Radio Frequency Based Charging, and Others), Transmission Range (Short Range, Medium Range, Long Range), Application (Consumer Electronics, Automotive, Healthcare, Industrial, Defense, and Others), and Country 2024-2032” The study provides a detailed analysis of the industry, including the North America wireless charging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the North America Wireless Charging Market?
The North America wireless charging market size reached US$ 5,187.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 16,214.6 Million by 2032, exhibiting a growth rate (CAGR) of 13.1% during 2024-2032.
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North America Wireless Charging Market Trends and Drivers:
The North America wireless charging market is experiencing significant growth, primarily driven by the widespread adoption of smartphones, tablets, laptops, and various other portable electronic devices. Furthermore, the growing reliance on these devices for both personal and professional use is also augmenting the demand for wireless charging, providing users with a convenient way to keep their gadgets charged without the hassle of cords and plugs. Additionally, the proliferation of smart homes and IoT devices, where wireless charging pads are integrated into furniture and appliances, is providing seamless charging experiences.
Additionally, technological advancements in wireless charging infrastructure are further driving market growth. Innovations, such as resonance charging and longer-range wireless charging are expanding the possibilities for wireless charging applications, enabling faster and more efficient charging across various devices. Moreover, the escalating demand for electric vehicles (EVs) in North America is bolstering the wireless charging market. Automakers are integrating wireless charging pads into vehicles to simplify the charging process for consumers. Besides this, the rising integration of wireless charging into public spaces like airports, coffee shops, and restaurants, allowing users to charge their devices conveniently, is anticipated to further drive the growth of the North America wireless charging market in the coming years.
North America Wireless Charging Market Report Segmentation:
Breakup by Technology:
- Inductive Charging
- Resonant Charging
- Radio Frequency Based Charging
- Other
Inductive charging dominated due to its widespread adoption in consumer electronics for its safety, convenience, and compatibility with numerous devices.
Breakup by Transmission Range:
- Short Range
- Medium Range
- Long Range
Short range wireless charging led the market primarily because it is the most developed and commonly used technology in everyday devices like smartphones and wearables.
Breakup by Application:
- Consumer Electronics
- Automotive
- Healthcare
- Industrial
- Defense
- Others
Consumer electronics held the largest segment owing to the high demand for wireless charging in smartphones, tablets, and wearable devices, which are integral to daily life.
Breakup by Country:
- United States
- Canada
- Mexico
The United States emerged as the largest market, driven by high consumer spending power, rapid adoption of advanced technologies, and the presence of major market players in the region.
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Other Key Points Covered in the Report:
- COVID-19 Impact
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
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