Dublin, May 01, 2024 (GLOBE NEWSWIRE) -- The "North America Wireless Charging Market Report by Technology, Transmission Range, Application, and Country 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The North America wireless charging market has emerged as a dynamic segment within the technology sphere, showing significant growth potential. According to recent market analysis, the industry, valued at $5.18 billion in 2023, is on an upward trajectory with projections estimating a buoyant expansion to $16.21 billion by the year 2032. This growth forecasts a robust Compound Annual Growth Rate (CAGR) of 13.50% from 2023 to 2032.
This notable advancement in the market is attributed to the launch of innovative wireless charging solutions by numerous market players. These state-of-the-art chargers offer an optimized balance of speed, compact design, and portability, addressing the diverse needs of consumers in the region. Additionally, the growing adoption of electric vehicles in North America serves as a catalyst, propelling investments in the development of safe and effective charging infrastructure.
Convenience and Compatibility Drive Demand
The convenience provided by wireless charging technologies, as well as their capacity to charge multiple devices simultaneously irrespective of socket compatibility, has not only simplified the consumer experience but has also significantly reduced cord clutter. These factors have led to an increased adoption rate of wireless charging in various applications, further elevating its preference among consumers.
Market Drivers and Strategic Analysis
The wireless charging market's expansion is further reinforced by comprehensive market analysis, including industry performance, trends, drivers, and challenges, supported by strategic tools such as SWOT, Porter’s Five Forces, PESTEL analyses, and an examination of the value chain. A competitive landscape analysis illuminates the industry's structure, key players, and the competitive dynamics at play.
Segmentation and Regional Insights
Detailed market segmentation provides insights at both regional and country levels within North America, encompassing the United States, Canada, and Mexico. The report segments the market based on technology, transmission range, and application. Key application sectors such as consumer electronics, automotive, healthcare, industrial, and defense are meticulously analyzed for their market impact and growth potential.
Industry Impact and Future Forecast The forward-looking assessment of the North America wireless charging market underscores the implications of current trends and forecasts future developments. In light of the recent global health crisis, the report also reflects the impact of COVID-19 on the market, providing stakeholders with a comprehensive understanding of the market's trajectory in the post-pandemic era.
The North America wireless charging market report offers an essential resource for industry participants, investors, researchers, and business strategists, and is crucial for anyone with interests or plans to engage with this growing market segment.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 124 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $5.18 Trillion |
| Forecasted Market Value (USD) by 2032 | $16.21 Trillion |
| Compound Annual Growth Rate | 13.5% |
| Regions Covered | North America |
For more information about this report visit https://www.researchandmarkets.com/r/czyfwl
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