A wireless charger recharges electronic devices without physical connection to a power source. Power intensive applications have made device charging an important part of business today. According to industry reports, wireless charging is driving demand at the high end for manufacturers such as Samsung, Nokia, LG Electronics and HTC.
In terms of application, it can be divided into consumer electronics, industrial, medical, automotive, and defense. Wireless charging will likely be the most popular application segment in consumer electronics.
The market has been segmented geographically into North America, Asia, Latin America, Asia Pacific, Europe, and Africa. In Asia Pacific, the vast number of electronic devices, including smartphones and laptops, makes the wireless charging market a very promising one. Wireless charging, however, is the most popular product in the United States. The market growth in this region is being driven by broad adoption of wireless charging in industrial settings and growing knowledge about wireless power among consumers.
The EIRS quadrant framework summarizes our comprehensive data-driven research and advisory services for CXOs in order to help them stay on top of their businesses.
Below is a snapshot of these quadrants.
1. Customer Experience Map
A detailed analysis of various customer journeys is presented in the study. There is information on how a product or service is used by customers. This analysis examines the pain points and fears of customers across different touchpoints. Customer experience maps tailored to the needs of stakeholders, including CXOs, can be defined with consultation and business intelligence solutions. Boosting customer engagement will help them increase sales.
2. Insights and Tools
A detailed process of primary and secondary research was undertaken by the analysts during the course of the study to arrive at the various insights that the study offers. Using industry-wide, quantitative market projection tools and customer insights, TMR's analysts and advisors are able to deliver reliable results. In addition to estimates and projections, the study provides an uncomplicated examination of the market's dynamics. Business owners, CXOs, policy makers, and investors can use these insights to shape and transform their businesses. Customers will also be able to get over their fears with this information.
3. Actionable Results
Based on the findings in this TMR report, business priority meetings, including mission-critical priorities, can be a vital component of business success. Several business stakeholders and industry entities have seen tangible improvements in performance when the results are implemented. Individual strategic frameworks determine the results. Several recent case studies from companies about overcoming various challenges they faced during their consolidation journey are also presented in the study.
4. Strategic Frameworks
Those involved in the market, as well as businesses, are able to frame strategic frameworks using the study. In light of the current uncertainty around COVID-19, this has never been more crucial. Study looks at overcoming the various disruptions of the past in boosting preparedness and foreseeing new disruptions. The frameworks help businesses align their strategies to cope with disruptions. Further, TMR's analysts are able to simplify complex situations and provide resiliency in uncertain times.
Various aspects of the market are highlighted and pertinent questions are addressed in the report. The following are some of the most important:
1. When starting a new product or service line, what are the best investment decisions to make?
2. When it comes to new funding for R&D, what value propositions should companies try to achieve?
3. Which regulations will best help stakeholders increase the efficiency of their supply chains?
4. Will the demand for certain segments in certain regions mature in the near future?
5. How can some well-entrenched players optimize costs with vendors in the most successful way?
6. How do C-suite executives leverage the perspectives they are leveraging to move businesses forward?
7. What government regulations could negatively affect the status of markets in certain regions?
8. What are the opportunities and challenges posed by the emerging political and economic environment?
9. In which segments are there opportunities for value-added growth?
10. In what way will new players face barriers to entry?