Global Wireless Charging Market Companies, Industry Leaders, Trends, Statistics & Forecast by 2023
by Rahul Rastogi Market Research AnalystThe global wireless charging market has witnessed a positive
growth on account of factors such as rising investments by manufacturers to
improve power transmission range along with an increase in the demand for
wireless chargers from the automotive industry.
According to the latest report by IMARC Group, titled “Wireless Charging Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global wireless charging market
is experiencing a strong growth. Wireless charging enables electrical charge to
be transferred wirelessly from a node or charging device to the recipient
device. It utilizes electromagnetic field to generate electric current in a
metal coil placed inside another device. The popularity of wireless charging
can be accredited to the various advantages offered by them, including safety,
reliability, cost effectiveness and convenience. As compared to traditional
charging systems, wireless systems enable the users to charge different devices
which can range from tablets, heavy-duty equipment, handheld industrial
devices, laptops, etc. These chargers also ensure that a continuous supply of
power is being transferred to these devices.
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Global Wireless
Charging Market Trends:
Currently, the manufacturers are making heavy investments in
R&D activities in order to improve the power transmission range of wireless
chargers. Another trend has been the increasing demand for in-car charging and
wireless charging of electrical vehicles in the automotive industry. This can
be attributed to rapidly increasing environmental concerns caused by
traditional fossil-fuel powered vehicles. Moreover, growing popularity of
Internet-of-Things (IoT) has led to the requirement of wireless chargers to
power IoT devices. In addition, the penetration of wireless charging is
expected to rise in the wearable devices segment as it can enhance the
convenience provided by them. However, the global wireless charging market is
being impeded by the limited power transmission range of most wireless chargers
which restricts the mobility of the users. Despite this challenge, the market
is projected to exhibit substantial growth during 2018-2023.
Global
Wireless Charging Market Summary:
·
The
wireless charging market has been categorized on the basis of different
technologies available for the consumers, including inductive, resonant and
radio frequency. Amongst these, inductive wireless charging technology
represents the largest segment.
·
Based
on transmission range, the market has been segregated into short range, medium
range and long range. Short range is presently the most popular segment,
holding the majority of the market share.
·
Wireless
charging is used across a wide range of applications which mainly include
consumer electronics, automotive, healthcare, industrial and defence. Amongst
these, consumer electronics dominate the market, accounting for the largest
share.
·
On
a geographical front, Asia pacific represents the leading market for wireless
charging on account of high demand for electronic equipment in countries such
as Japan, South Korea, China, and India. The other major markets include North
America, Europe, Middle East and Africa, and Latin America.
·
The
competitive landscape of the market has also been examined with some of the key
players being Convenient Power HK Limited, Energizer Holdings, Inc, Integrated
Device Technology, Leggett & Platt Inc, Murata Manufacturing Co. Ltd,
Powermat Technologies Ltd., Qualcomm Inc, Texas Instruments Inc, WiTricity
Corporation and Samsung.
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Created on Jan 29th 2019 01:17. Viewed 434 times.