The US wireless charger market is estimated to grow modestly at a CAGR of 31.4% during the forecast period. The US market in North America is dominating due to factors such as technological advancement in consumer electronics and high per-capita income of the population. The US comprises of 24.3% of the global economy. The developed economy of the country further invites the advancement across every sector, including electronics, automotive and other industries. Such wide advancements will push for significant adoption of wireless charging in smartphones, electric vehicles and its charging stations that further propel the growth of the market in the country.
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Increasing smartphone penetration is contributing to the growth of the wireless charging market in the US. According to Our World in Data, smartphone penetration was about 68% in 2015. The smartphone penetration in 2019 increased to 81% in 2015 that further provides ample opportunity to the market. The automotive sector is another industry that has been deploying wireless charging electric vehicles and its charging stations. the sales of electric vehicles and the installation of charging stations are expected to increase in the near future. This, in turn, will offer growth opportunities to the wireless charging in the country. The consumers in the country are showing interest in these cars along with state governments, and private investors in the US are spending millions of dollars in the installation of electric vehicle charging stations.
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The companies which are contributing to the growth of the US 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 December 2019, iOttie, Inc. unveiled its first iON portable battery pack, named iON Wireless Go. This new pack delivers optimal power to other devices through bi-directional USB-C and QC 3.0 USB-A ports. Through such a launch, the company is expanding its reach in the global market.
Market Segmentation
US Wireless Charger Market by Technology
- Inductive Coupling
- Magnetic Resonance
- Radio Frequency Radiation
US Wireless Charger Market by Mobility
- Static Wireless Charger
- Mobile Wireless Charger
US Wireless Charger Market by Application
- Portable Electronic Devices
- Automobile
- Healthcare
- Others (Consumer Products)
Company Profiles
- BMW AG
- Energous Corp.
- Huawei Technologies Co., Ltd.
- iOttie, Inc.
- Oral B
- Ossia, Inc.
- Panasonic Corp.
- Powercast Corp.
- Tesla Inc.
- Witricity Corp.
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