(Pages 90), The Global Wireless Charging Market Size was exhibited US$ 5,218 million in 2017 and will generate revenues of the USD XX Million up to 2025 in coming years. The average growth of the global market is expected to 13.45% CAGR from 2017-2025, as reported in the latest study by our industry experts and analyst.
Wireless charging is an energy transfer process from one power source to any electronic device, without the use of wire. With rising demand of wireless technology and advancements made in the field, wireless charging market is getting really popular among consumers. Cost-effectiveness, higher efficiency and higher safety associated with wireless charging over traditional chargers or physical connector is encouraging its adaptation among individuals.
Applications of wireless charging may be divided into 2 broad categories: Low power and high power:
1. Low power applications area unit usually confirming of little client electronic devices like cell phones, hand-held devices, some computers, and similar devices that usually charge at power levels below one hundred watts.
2. High power inductive charging usually refers to inductive charging of batteries at power levels on top of one kW. the foremost distinguished application space for prime power inductive charging is in support of electrical vehicles, wherever inductive charging provides an automatic and conductor different to plug-in charging. Power levels of those devices will vary from around one kW to three hundred kilowatts or higher. All high-power inductive charging systems use resonated primary and secondary coils.
Global Wireless Charging Market Size, Share Analysis, By Region (2017-2025)
Wireless Charging Market: Dynamics
In 2017, the market of wireless charging was estimated around US$ 5,218 million and is anticipated to grow swiftly during the upcoming years. Wireless charging market is projected to witness a steep rise over the forecast period, owing to advancements and escalation in wireless charging systems in mobile devices such as mobile phones, digital cameras, laptops and others. Adoptation of latest charging technology like wireless embedded technology is boosting the growth of wireless charging market. Multiple device charging facility offered by wireless chargers is also aiding to the growth of the market.
Furthermore, rising market of consumer electronics due to advancements in IoT technology and escalating adoptation of charging systems that are convenient to use and carry and are reliable are fueling the growth of wireless charging market. However, moderate to high price of some wireless charging systems can hinder the growth of the market.
Wireless Charging Market: Segment Analysis
Consumer electronics segment is expected to be holding the dominance in the global wireless charging market, due to rising proliferation of IoT in consumer electronics, coupled with increasing population who are using consumer electronics embedded with latest or upgraded technology. Presence of large number of market players and entrance of new market players who manufacture consumer electronics is also expected to fuel the growth of wireless charging market.
Among technology, the RF (Radio Frequency) segment is anticipated to be growing rapidly due to its high energy conversion efficiency, which can charge device at a considerably faster pace. Escalated use of internet by consumers cause fast battery drainage, hence an effective technology like RF in a wireless charging system can bring the battery back on the positive side, without taking much time like traditional chargers, which in turn will fuel the growth of the segment.
Global Wireless Charging Market Share: Regional Analysis
North America is anticipated to be leading the global wireless charging market over the forecast period, owing to increasing sale of consumer electronics goods in the region, coupled with higher inclination of consumers towards convenient devices that can be easily charged within a shorter time span. Presence of global market players in the region is also one of the contributing factors for market growth.
Furthermore, Asia Pacific is expected to be growing rapidly during the forecast period, due to adoptation in latest technology and increase in number of manufacturers, who are prefer wireless technology over traditional systems in tech-driven countries such as Japan and China.
Global Wireless Charging Market Size: Key Players
Major players operating in global wireless charging market include Fulton Innovation LLC., Qualcomm Technologies Inc., Sony Corporation, Energizer Holdings Inc., Murata Manufacturing Co. Ltd, Texas Instruments Inc., Interated Device Technology Inc., Samsung Electronics Co. Ltd and Powermat Technologies Ltd.
Global Wireless Charging Market Report Offer You!
Global Wireless Charging Market Size report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.
Global Wireless Charging Market Size report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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