North America Wireless Charging Market Forecast 2017-2025
KEY FINDINGS The North America Wireless Charging Market is poised to increase at a CAGR of 25.11% over the forecast period of 2017-2025, generating $9536.3 million by its end.
MARKET INSIGHTS The North American wireless charging market includes segments based on applications, technology, and components. An accelerated growth for the manufacturing of consumer electronics devices such as laptops, smartphones, tablets, PCs, etc. has been observed in this region over the past few years. This growth is highly responsible for fuelling the market demand. Also, the recent boom in the internet of things (IOT) in the region has majorly contributed to the market expansion. Some of the restraining factors for the market include certain efficiency & compatibility issues and the absence of firm market standards.
COMPETITIVE INSIGHTS Companies such as Samsung Electronics, Delphi Automotive, TDK Corporation, Qualcomm Inc, Texas Instruments, and Integrated Devices Technology are the pioneers for this market.