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The wireless charging market size is forecast to increase by USD 25.17 billion at a CAGR of 34.28% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing demand for convenient and eco-friendly charging solutions in consumer electronics. Receiver components for wireless charging are becoming increasingly common in smartphones, headphones, and other portable devices. The defense sector is also adopting wireless charging technology for military equipment due to its advantages in remote charging applications. Two primary wireless charging technologies, resonance charging, and radio charging, are gaining traction. ICT investment is fueling market growth, as companies seek to reduce reliance on cables and improve user experience. Environment awareness is another key trend, as this eliminates the need for disposable batteries and reduces electronic waste.
However, the high installation cost of wireless charging technology remains a challenge, limiting its widespread adoption in some industries. The ongoing pandemic has also disrupted supply chains and production, potentially impacting market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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