Asia-Pacific Wireless Charging Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Asia-Pacific Wireless Charging market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report “Asia-Pacific Wireless Charging Market Analysis, 2020”, the Asia-Pacific Wireless Charging market is anticipated to grow at a CAGR of 40% during 2020-25F. The growth is attributed to rising government initiatives to promote electric vehicles in order to curb pollution from automobiles, technological progress in wearable market, and burgeoning adoption of wireless charging in mining, forestry and construction machinery, and material handling applications. Moreover, rise in discretionary income, extensive demand of advance electronic gadgets and boost in R&D activities in wireless charging technologies are strongly contributing toward the growth of the market in the forecast period.
Consumer Electronics and Automotive Exhibited Fastest Growth
Based on Application, Consumer Electronics and Automotive grew at a robust rate in the Asia-Pacific wireless charging market in 2019. The rising environmental issues in the region are leading to a focused government inclination toward electric vehicles which is projected to surge the demand for charging stations at a substantial rate in the near future. Apart from this, rising penetration of smartphones, launch of technologically advanced wireless chargeable devices for tablets, MP3 players, laptops, and iPods by the market players, and strong presence of giant market players are expected to propel the growth of Asia-Pacific Wireless Charging market in the coming years as stated in the MarkNtel Advisors’ research report “Asia-Pacific Wireless Charging Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Asia-Pacific Wireless Charging market include ConvenientPower HK Limited, Integrated Device Technology (Renesas), Murata Manufacturing Co. Ltd, TDK Corporation, Powermat Technologies Ltd., Texas Instruments Incorporated, Witricity Corporation, Infineon Technologies AG, Qualcomm Incorporated, NXP Semiconductors N.V. etc.
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Market Outlook, Segmentation and Statistics