The North American wireless charger market is estimated to grow significantly at a CAGR of 31.4% during the forecast period. North America is one of the most established and prominent markets in terms of the global wireless charger market. The major factor that is augmenting the wireless charger market in the region includes the high penetration of premium smartphone brands with flagship offerings and other electronic devices, increasing demand for wireless charging in electrical vehicles and others. North America is a region where most of the countries are developed economies including the US and Canada.
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According to the Centre for Digital Information (CDI) North America is the home of approximately 11% of smartphone users across the globe. The total number of smartphone users in North America `is estimated to 229 million in 2016, up from 189 million in 2014. It is further estimated to reach 272 million by the year 2020 as per CDI. The US is estimated to be the major market of smartphones in North America. Therefore, the increasing smartphone users coupled with advancement in smartphone charging technologies such as wireless charging further provides substantial growth to the market.
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The companies which are contributing to the growth of the North American wireless charger market include BMW AG, Huawei Technologies Co., Ltd., Panasonic Corp., Samsung Electronics Co., Ltd., and Tesla Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in October 2019, Witricity has entered into licensing and technology transfer agreements with Green Power, a South Korean Based supplier of power electronics and high power wireless charging system. This agreement allows Green power to take advantage of WiTricity’s innovative technology and reference designs for wireless electric vehicle (EV) charging systems.
Market Segmentation
North American Wireless Charger Market by Technology
- Inductive Coupling
- Magnetic Resonance
- Radio Frequency Radiation
North American Wireless Charger Market by Mobility
- Static Wireless Charger
- Mobile Wireless Charger
North American Wireless Charger Market by Application
- Portable Electronic Devices
- Automobile
- Healthcare
- Others (Consumer Products)
Regional Analysis
- United States
- Canada
Company Profiles
- BMW AG
- Energous Corp.
- Huawei Technologies Co., Ltd.
- iOttie, Inc.
- Oral B
- Ossia, Inc.
- Panasonic Corp.
- Power2Go Inc.
- Powercast Corp.
- Samsung Electronics Co., Ltd.
- Tesla Inc.
- Witricity Corp.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
