The latest report by IMARC Group, titled “North America Wireless Charging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the North America wireless charging market size reached US$ 3,915.6 Million in 2021. Wireless charging is a technology that enables the transfer of electrical power to portable, battery-powered devices over short distances without using wires. It is widely used to charge electric vehicles (EVs) and electronics, such as wearables, tablets, smartphones, laptops, electric toys, power tools, service robots, and medical devices. It is more convenient, safe, reliable, durable, and cost-effective than traditional wired charging systems. It also allows different devices to charge simultaneously and eliminates the need for power connectors and cables. As a result, wireless charging has gained immense traction across various industries in North America, including automotive, healthcare, manufacturing, and defense.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
North America Wireless Charging Market Trends:
In North America, the surging sales of consumer electronics represent the primary factor driving the market growth. Since it offers hassle-free portability of appliances, flexibility, and protection from electric shocks, there has been widespread adoption of wireless charging technology in electronic devices. Additionally, the rising popularity of electric vehicles (EVs) has encouraged manufacturers to invest heavily in safe and efficient battery chargers. In line with this, governments of various countries across the region are taking favorable initiatives, such as promoting EV adoption through lucrative incentives and funding their corresponding charging systems, thereby contributing to market growth. Furthermore, several key players are engaging in research and development (R&D) activities to enhance the power transmission range to facilitate the wireless charging of devices over long distances. Along with this, the launch of innovative product variants with a more compact and portable size, enhanced power capacity, and optimum charging speed has augmented the demand for wireless charging. Other factors, including the increasing penetration of the Internet of Things (IoT), emerging healthcare applications, and technological advancements, are also providing a positive thrust to market growth. Looking forward, IMARC Group expects the market value to reach US$ 9,171.5 Million by 2027, expanding at a CAGR of 15.3% during the forecast period (2022-2027).
- Based on technology, the market has been categorized into inductive, resonant, radio frequency-based, and other charging technologies.
- The market has been divided based on the transmission range into short, medium, and long ranges.
- Based on the application, the market has been classified into consumer electronics, automotive, healthcare, industrial, defense, and others.
- Country-wise, the market has been segregated into the United States, Canada, and Mexico.
- The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.
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