Zion Market Research Global Wireless Charging Market, 2016–2024 | Page 3

Wireless Charging Market
Global Wireless Charging Market: Segmentation
The wireless charging market is segmented globally on the basis of technology, application and
by regions. Based on the technology, the global market is segregated into resonant, inductive,
RF and others. Based on the application the wireless charging technology is categorized into
consumer electronics, healthcare, automotive, industrial, defense and others. Regionally, the
global market is diversified into North America, Asia-Pacific, Europe, the Middle East and Africa
and Latin America.
Global Wireless Charging Market: Growth Factors
The major factor that has contributed to the growth of the global wireless charging market is the
growth and the development in the phone market. The key drivers for the growth of the global
market are the increasing demand for the sealed devices, the demand for the power for devices
and the problem of carrying multiple chargers for different devices. The application segment
that has contributed the major share to the market growth is the consumer electronics. The
health care and the defense segment is also a promising segment in terms of market growth.
Lack of investment and standardization and the expensive infrastructure required for the
technological developments pose a challenge to the market growth. The other factor is the
compatibility issues with the standards of the solutions set up by the Air Fuel Alliance and
Wireless Power Consortium are influencing the distributors and manufacturers over the period of
time.