Get more information on Wireless Charging Market - Request Sample Report
The Wireless Charging Market size was valued at USD 5.3 billion in 2023 and is expected to grow at a CAGR of 22.1 % from 2024 to 2031, and is projected to reach US$ 26.1 billion by 2031.
The growth in Wireless Charging is driven by emerging trends in wireless charging, increased integration with electric vehicles (EV), integration with furniture and infrastructure, long-range wireless charging, and Bi-directional wireless charging.
Wireless charging eliminates the need to fumble with cables and connect the charger to the car's charging port. This convenience factor, coupled with potential automation features like self-parking cars aligning with charging pads, makes it highly attractive. Wireless charging eliminates the need for fumbling with cables, improving user experience. A 2021 study by Strategy Analytics showed that over 60% of smartphone users prefer wireless charging for its convenience. Wireless charging is being integrated into furniture, cars, and other everyday objects, making charging more seamless. A report estimates that the furniture-integrated wireless charging market will reach $1.8 billion by 2028. In Addition, Bi-directional wireless charging can be used in vehicle-to-everything (V2X) applications. For example, an electric car with a full battery could wirelessly share power with the grid during peak demand periods.
KEY DRIVERS:
Growing trend to integrate wireless charging capabilities into furniture, infrastructure, smart homes and IoT devices
Rising Smartphone Compatibility
An increasing number of smartphones are being equipped with wireless charging capabilities. According to IDC, in 2023, nearly 70% of all smartphones shipped globally supported wireless charging.
RESTRAINTS:
Wireless chargers are typically more expensive than wired chargers. This can be a barrier for some consumers, especially in budget-conscious markets.
Lower Charging Speeds can be a barrier in market growth.
Wireless charging is generally slower than wired charging. While advancements are being made, wired charging still offers faster speeds, especially for high-power devices.
OPPORTUNITIES:
Standardization of wireless charging technologies like Qi can improve compatibility and interoperability between devices and chargers.
Developing faster and more efficient wireless charging technology.
The opportunity for fast charging technology in the wireless charging market revolves around overcoming a crucial challenge – the speed of wireless charging compared to traditional wired charging methods. By significantly reducing charging times, fast charging technology improves user comfort and makes wireless charging more competitive and attractive. The goal is to provide a fast and efficient charging experience that is especially useful for users on the go or with limited time. Advances in supporting higher power levels, ensuring compatibility between different devices, integrating security measures and promoting user education will all contribute to the success of fast charging. Continued research and development is essential to further increase the speed and efficiency of wireless charging, promote wider adoption and strengthen its position in the market.
CHALLENGES:
The presence of multiple wireless charging standards can lead to confusion for consumers and limit compatibility.
The environmental impact of wireless charging is a crucial consideration.
Limitation in the range of wireless chargers
The limited range of the wireless charging market is related to the limitation that efficient transmission of power requires the proximity of the charging platform or station and the device being charged. Unlike wired options, which offer more flexibility in positioning, wireless charging systems have a limited range, which affects ease of use and available space. Precise alignment between the device and the charging base is essential for efficient charging, and deviations can disrupt the process.
Russia and Ukraine are major suppliers of raw materials like palladium and nickel, which are critical components in wireless charging transmitters and receivers. The war has disrupted the supply chain, leading to shortages and price hikes for these materials. According to a data in March 2023, nickel prices surged by over 250% due to supply concerns stemming from the war. The war has also caused disruptions in manufacturing, particularly in Asia, where many wireless charging components are produced. Factory shutdowns and labour shortages can lead to production delays and higher costs. In Addition, Wireless charging systems for electric vehicles (EVs) involve more complex components compared to smartphone chargers. Shortages of raw materials can significantly impact EV wireless charger production.
The economic slowdown has caused supply chains that have affected the availability and prices of wireless charging components and devices. This has made it difficult for manufacturers to meet the demand for wireless charging solutions, which has further affected the market. The Consumer Electronics Association (CEA) reported a decline in global consumer electronics sales by 8.9% in 2023 compared to 2022, which coincided with the ongoing economic slowdown. Despite these challenges, the wireless charging market is still expected to grow significantly in the coming years, due, among other things, to the proliferation of smartphones and other mobile devices, increasing demand for simple and convenient charging solutions, and advances in wireless. charging technology. However, the growth rate may be slower than originally anticipated due to the economic downturn.
By Technology
Inductive
Magnetic Resonance
Radio Frequency
Others
Inductive technology is widely used in wireless charging due to its efficiency, convenience and widespread adoption. In particular, the induction systems used in the Qi wireless charging standard ensure a tight connection between the transmitter and receiver coils, minimizing energy loss during charging. The technology is known for its alignment tolerance, which gives users some flexibility in positioning the device on the charging base.
By Implementation
Transmitters
Recievers
Based on Implementation, the Receiver segment is expected to hold the largest market share in the wireless charging market. Wireless charging receivers are the core element embedded within devices that enable them to receive wireless charging. Without receivers, wireless charging wouldn't be possible. Receivers adhere to standardized specifications like Qi, ensuring compatibility with various wireless charging transmitters. This widespread compatibility fuels market growth. also, the increasing adoption of smart and portable devices with wireless charging capabilities, such as smartphones, smartwatches, and earbuds, directly translates to a higher demand for receivers.
By Discrete Industry
Automotive
Consumer Electronics
Healthcare
Other Applications
Industrial
Aerospace
Based on Discrete Industry, Automotive application will grow at the highest CAGR during the forecast period 2024-2031. The increasing adoption of electric vehicles (EVs) is a major driver for wireless charging in the automotive industry. EVs eliminate tailpipe emissions, but charging can be inconvenient with cables. Wireless charging offers a more seamless and user-friendly experience. the automotive wireless charger market will grow at a Compound Annual Growth Rate of 21.9% between 2030 and 2034, reaching a market size of USD 13.61 billion. This is significantly higher than the overall wireless charging market growth rate.
North America currently holds the leading position in the wireless charging market, boasting a market share of over 35% in the forecasted period. It has a high penetration rate of smartphones, many of which are equipped with wireless charging capabilities. This creates a strong demand for wireless chargers in the region. Several major players in the wireless charging market are headquartered in North America, including Apple, Samsung, and Energous. These companies drive innovation and contribute significantly to the market's growth in the region. also, North American consumers are generally receptive to adopting new technologies, including wireless charging. This early adoption trend helps propel market growth.
The Asia Pacific is representing the fastest growing market in the wireless charging markets. Both Japan and India stand out among the fastest growing economies in the world. The widespread adoption of smartphones in major markets such as China, South Korea and Japan has increased the demand for convenient charging solutions. Innovative technologies are easily adopted by technology consumers in the region, which is driving the rapid adoption of wireless charging. In addition, the presence of major players in the industry and the region's status as a manufacturing hub facilitate the production and distribution of wireless charging products. The proliferation of electric vehicles in the Asia-Pacific region will further increase the need for wireless charging infrastructure to match the broader shift to sustainable transport.
Need any Customization on Wireless Charging Market - Enquiry Now
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Samsung Electronics Co., Qualcomm Incorporated Integrated Device Technology, Fulton Innovation LLC, WiTricity Corporation, Murata Manufacturing Co. Ltd., Sony Corporation, Texas Instruments, Energizer Holdings, Inc, Renesas Electronics Corporation, Powermat Technologies Ltd and others players.
Samsung Electronics Co-Company Financial Analysis
In February 14, 2024, The AirFuel Alliance, a wireless charging industry consortium, announced the release of its new wireless charging standard that supports faster charging speeds and improved efficiency.
In June 2023, Ossia Inc. announced of collaboration with Nichicon Corporation. Nichicon promotes Ossian Cota Real Wireless Power using Cota technology with Nichicon SLB batteries. This partnership produces a Nichicon-branded battery near the Cota Power Transmitter that is always powered. With Cota technology, the SLB battery can be continuously charged, which ensures greater convenience and efficiency when switching on and charging devices.
In February 2023, SAMSUNG launched the SmartThings Hub, a modified version of Samsung's existing wireless charger. The SmartThings hub and wireless charger in one Cheapest Matter controller and Thread border router can be combined with smart home automation to charge your Galaxy phone.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 5.3 Billion |
| Market Size by 2031 | US$ 26.1 Billion |
| CAGR | CAGR of 22.1% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Technology (Inductive, Magnetic Resonance, Radio Frequency, Others) • By Implementation (Transmitters, Recievers) • By Discrete Industry (Automotive, Consumer Electronics, Healthcare, Other Applications (Industrial, Aerospace) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Samsung Electronics Co., Qualcomm Incorporated Integrated Device Technology, Fulton Innovation LLC, WiTricity Corporation, Murata Manufacturing Co. Ltd., Sony Corporation, Texas Instruments, Energizer Holdings, Inc, Renesas Electronics Corporation, Powermat Technologies Ltd |
Ans: The Wireless Charging Market is expected to grow at a CAGR of 22.1%.
Ans: Wireless Charging Market size was USD 5.3 billion in 2023 and is expected to Reach USD 26.1 billion by 2031.
Ans. In the wireless charging market, North America commands the largest market share.
Ans. Slower charging speeds compared to wired charging in some cases. Requires a compatible device and charging pad. And Potential for heat generation during charging.
Ans. Inductive charging (most common), Resonant charging (longer range), and Radio frequency charging (used for wearables).
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Wireless Charging Market Segmentation, By Technology
9.1 Introduction
9.2 Trend Analysis
9.3 Inductive
9.4 Magnetic Resonance
9.5 Radio Frequency
9.6 Others
10. Wireless Charging Market Segmentation, By Implementation
10.1 Introduction
10.2 Trend Analysis
10.3 Transmitters
10.4 Recievers
11. Wireless Charging Market Segmentation, By Discrete Industry
11.1 Introduction
11.2 Trend Analysis
11.3 Automotive
11.4 Consumer Electronics
11.5 Healthcare
11.6 Other Applications
11.6.1 Industrial
11.6.2 Aerospace
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Wireless Charging Market by Country
12.2.3 North America Wireless Charging Market By Technology
12.2.4 North America Wireless Charging Market By Implementation
12.2.5 North America Wireless Charging Market By Discrete Industry
12.2.6 USA
12.2.6.1 USA Wireless Charging Market By Technology
12.2.6.2 USA Wireless Charging Market By Implementation
12.2.6.3 USA Wireless Charging Market By Discrete Industry
12.2.7 Canada
12.2.7.1 Canada Wireless Charging Market By Technology
12.2.7.2 Canada Wireless Charging Market By Implementation
12.2.7.3 Canada Wireless Charging Market By Discrete Industry
12.2.8 Mexico
12.2.8.1 Mexico Wireless Charging Market By Technology
12.2.8.2 Mexico Wireless Charging Market By Implementation
12.2.8.3 Mexico Wireless Charging Market By Discrete Industry
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Wireless Charging Market by Country
12.3.2.2 Eastern Europe Wireless Charging Market By Technology
12.3.2.3 Eastern Europe Wireless Charging Market By Implementation
12.3.2.4 Eastern Europe Wireless Charging Market By Discrete Industry
12.3.2.5 Poland
12.3.2.5.1 Poland Wireless Charging Market By Technology
12.3.2.5.2 Poland Wireless Charging Market By Implementation
12.3.2.5.3 Poland Wireless Charging Market By Discrete Industry
12.3.2.6 Romania
12.3.2.6.1 Romania Wireless Charging Market By Technology
12.3.2.6.2 Romania Wireless Charging Market By Implementation
12.3.2.6.4 Romania Wireless Charging Market By Discrete Industry
12.3.2.7 Hungary
12.3.2.7.1 Hungary Wireless Charging Market By Technology
12.3.2.7.2 Hungary Wireless Charging Market By Implementation
12.3.2.7.3 Hungary Wireless Charging Market By Discrete Industry
12.3.2.8 Turkey
12.3.2.8.1 Turkey Wireless Charging Market By Technology
12.3.2.8.2 Turkey Wireless Charging Market By Implementation
12.3.2.8.3 Turkey Wireless Charging Market By Discrete Industry
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Wireless Charging Market By Technology
12.3.2.9.2 Rest of Eastern Europe Wireless Charging Market By Implementation
12.3.2.9.3 Rest of Eastern Europe Wireless Charging Market By Discrete Industry
12.3.3 Western Europe
12.3.3.1 Western Europe Wireless Charging Market by Country
12.3.3.2 Western Europe Wireless Charging Market By Technology
12.3.3.3 Western Europe Wireless Charging Market By Implementation
12.3.3.4 Western Europe Wireless Charging Market By Discrete Industry
12.3.3.5 Germany
12.3.3.5.1 Germany Wireless Charging Market By Technology
12.3.3.5.2 Germany Wireless Charging Market By Implementation
12.3.3.5.3 Germany Wireless Charging Market By Discrete Industry
12.3.3.6 France
12.3.3.6.1 France Wireless Charging Market By Technology
12.3.3.6.2 France Wireless Charging Market By Implementation
12.3.3.6.3 France Wireless Charging Market By Discrete Industry
12.3.3.7 UK
12.3.3.7.1 UK Wireless Charging Market By Technology
12.3.3.7.2 UK Wireless Charging Market By Implementation
12.3.3.7.3 UK Wireless Charging Market By Discrete Industry
12.3.3.8 Italy
12.3.3.8.1 Italy Wireless Charging Market By Technology
12.3.3.8.2 Italy Wireless Charging Market By Implementation
12.3.3.8.3 Italy Wireless Charging Market By Discrete Industry
12.3.3.9 Spain
12.3.3.9.1 Spain Wireless Charging Market By Technology
12.3.3.9.2 Spain Wireless Charging Market By Implementation
12.3.3.9.3 Spain Wireless Charging Market By Discrete Industry
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Wireless Charging Market By Technology
12.3.3.10.2 Netherlands Wireless Charging Market By Implementation
12.3.3.10.3 Netherlands Wireless Charging Market By Discrete Industry
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Wireless Charging Market By Technology
12.3.3.11.2 Switzerland Wireless Charging Market By Implementation
12.3.3.11.3 Switzerland Wireless Charging Market By Discrete Industry
12.3.3.1.12 Austria
12.3.3.12.1 Austria Wireless Charging Market By Technology
12.3.3.12.2 Austria Wireless Charging Market By Implementation
12.3.3.12.3 Austria Wireless Charging Market By Discrete Industry
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Wireless Charging Market By Technology
12.3.3.13.2 Rest of Western Europe Wireless Charging Market By Implementation
12.3.3.13.3 Rest of Western Europe Wireless Charging Market By Discrete Industry
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Wireless Charging Market by Country
12.4.3 Asia-Pacific Wireless Charging Market By Technology
12.4.4 Asia-Pacific Wireless Charging Market By Implementation
12.4.5 Asia-Pacific Wireless Charging Market By Discrete Industry
12.4.6 China
12.4.6.1 China Wireless Charging Market By Technology
12.4.6.2 China Wireless Charging Market By Implementation
12.4.6.3 China Wireless Charging Market By Discrete Industry
12.4.7 India
12.4.7.1 India Wireless Charging Market By Technology
12.4.7.2 India Wireless Charging Market By Implementation
12.4.7.3 India Wireless Charging Market By Discrete Industry
12.4.8 Japan
12.4.8.1 Japan Wireless Charging Market By Technology
12.4.8.2 Japan Wireless Charging Market By Implementation
12.4.8.3 Japan Wireless Charging Market By Discrete Industry
12.4.9 South Korea
12.4.9.1 South Korea Wireless Charging Market By Technology
12.4.9.2 South Korea Wireless Charging Market By Implementation
12.4.9.3 South Korea Wireless Charging Market By Discrete Industry
12.4.10 Vietnam
12.4.10.1 Vietnam Wireless Charging Market By Technology
12.4.10.2 Vietnam Wireless Charging Market By Implementation
12.4.10.3 Vietnam Wireless Charging Market By Discrete Industry
12.4.11 Singapore
12.4.11.1 Singapore Wireless Charging Market By Technology
12.4.11.2 Singapore Wireless Charging Market By Implementation
12.4.11.3 Singapore Wireless Charging Market By Discrete Industry
12.4.12 Australia
12.4.12.1 Australia Wireless Charging Market By Technology
12.4.12.2 Australia Wireless Charging Market By Implementation
12.4.12.3 Australia Wireless Charging Market By Discrete Industry
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Wireless Charging Market By Technology
12.4.13.2 Rest of Asia-Pacific Wireless Charging Market By Implementation
12.4.13.3 Rest of Asia-Pacific Wireless Charging Market By Discrete Industry
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Wireless Charging Market by Country
12.5.2.2 Middle East Wireless Charging Market By Technology
12.5.2.3 Middle East Wireless Charging Market By Implementation
12.5.2.4 Middle East Wireless Charging Market By Discrete Industry
12.5.2.5 UAE
12.5.2.5.1 UAE Wireless Charging Market By Technology
12.5.2.5.2 UAE Wireless Charging Market By Implementation
12.5.2.5.3 UAE Wireless Charging Market By Discrete Industry
12.5.2.6 Egypt
12.5.2.6.1 Egypt Wireless Charging Market By Technology
12.5.2.6.2 Egypt Wireless Charging Market By Implementation
12.5.2.6.3 Egypt Wireless Charging Market By Discrete Industry
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Wireless Charging Market By Technology
12.5.2.7.2 Saudi Arabia Wireless Charging Market By Implementation
12.5.2.7.3 Saudi Arabia Wireless Charging Market By Discrete Industry
12.5.2.8 Qatar
12.5.2.8.1 Qatar Wireless Charging Market By Technology
12.5.2.8.2 Qatar Wireless Charging Market By Implementation
12.5.2.8.3 Qatar Wireless Charging Market By Discrete Industry
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Wireless Charging Market By Technology
12.5.2.9.2 Rest of Middle East Wireless Charging Market By Implementation
12.5.2.9.3 Rest of Middle East Wireless Charging Market By Discrete Industry
12.5.3 Africa
12.5.3.1 Africa Wireless Charging Market by Country
12.5.3.2 Africa Wireless Charging Market By Technology
12.5.3.3 Africa Wireless Charging Market By Implementation
12.5.3.4 Africa Wireless Charging Market By Discrete Industry
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Wireless Charging Market By Technology
12.5.3.5.2 Nigeria Wireless Charging Market By Implementation
12.5.3.5.3 Nigeria Wireless Charging Market By Discrete Industry
12.5.3.6 South Africa
12.5.3.6.1 South Africa Wireless Charging Market By Technology
12.5.3.6.2 South Africa Wireless Charging Market By Implementation
12.5.3.6.3 South Africa Wireless Charging Market By Discrete Industry
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Wireless Charging Market By Technology
12.5.3.7.2 Rest of Africa Wireless Charging Market By Implementation
12.5.3.7.3 Rest of Africa Wireless Charging Market By Discrete Industry
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Wireless Charging Market by country
12.6.3 Latin America Wireless Charging Market By Technology
12.6.4 Latin America Wireless Charging Market By Implementation
12.6.5 Latin America Wireless Charging Market By Discrete Industry
12.6.6 Brazil
12.6.6.1 Brazil Wireless Charging Market By Technology
12.6.6.2 Brazil Wireless Charging Market By Implementation
12.6.6.3 Brazil Wireless Charging Market By Discrete Industry
12.6.7 Argentina
12.6.7.1 Argentina Wireless Charging Market By Technology
12.6.7.2 Argentina Wireless Charging Market By Implementation
12.6.7.3 Argentina Wireless Charging Market By Discrete Industry
12.6.8 Colombia
12.6.8.1 Colombia Wireless Charging Market By Technology
12.6.8.2 Colombia Wireless Charging Market By Implementation
12.6.8.3 Colombia Wireless Charging Market By Discrete Industry
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Wireless Charging Market By Technology
12.6.9.2 Rest of Latin America Wireless Charging Market By Implementation
12.6.9.3 Rest of Latin America Wireless Charging Market By Discrete Industry
13. Company Profiles
13.1 Samsung Electronics Co.
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Qualcomm Incorporated
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 SUMCO Corporation
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Fulton Innovation LLC
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 WiTricity Corporation
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Murata Manufacturing Co. Ltd.
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Sony Corporation
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Texas Instruments
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Energizer Holdings, Inc.
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Renesas Electronics Corporation
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Powermat Technologies Ltd
13.11.1 Company Overview
13.11.2 Financial
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Milking Robots Market size was valued at USD 2.86 billion in 2023. It is estimated to grow to USD 7.2 billion by 2032 and grow at a CAGR of 10.79% over the forecast period of 2024-2032.
The Embedded Systems Market Size was valued at USD 100.12 billion in 2023 and is expected to reach USD 172 billion by 2031 and grow at a CAGR of 6.97% over the forecast period 2024-2031.
The Virtual Production Market Size was valued at $2.98 billion in 2023 and is expected to reach $8.87 billion and growing at 14.62 % CAGR By forecasts 2031
The Embedded Antenna Systems Market Size was valued at USD 3.32 billion in 2023 and is expected to reach USD 9.8 billion by 2031, growing at a CAGR of 14.2% over the forecast period 2024-2031.
The Automated Storage and Retrieval System (ASRS) Market Size was valued at USD 8.84 billion in 2023 and is expected to reach USD 15.9 billion by 2031, growing at a CAGR of 7.54 % over the forecast period 2024-2031.
The Smart Agriculture Market size was valued at USD 16.1 Billion in 2023 and is expected to grow to USD 33.6 Billion By 2031 and grow at a CAGR of 9.6 % over the forecast period of 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
