Wireless Charging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
The global wireless charging market is exhibiting robust growth and reached a value of US$ 6.9 Billion in 2018, growing at a CAGR of 24.6% during 2011-2018. Wireless charging refers to the process of electrically charging battery-powered equipment or devices without physically connected cables. It works on the principle of inductive power transfer or magnetic resonance in which an electric current is passed between two objects through the use of coils so as to induce an electromagnetic field. It provides a safe, convenient and reliable way to charge and power numerous electrical devices at homes and workplaces.
The various benefits associated with wireless charging, such as ease of handling and mobility, protection from electric shocks, flexibility, etc., are contributing to the growth of the global wireless charging market. Further, the rising proliferation of the Internet of Things (IoT) is boosting the demand for wireless charging as it is a convenient method to power an IoT network. Moreover, integration of wireless charging solutions in automobiles and the increasing applications of wireless charging in the healthcare segment represent some of the other factors that are driving the market.
Based on the technology, inductive technology represents the largest segment. Other technology segments include resonant charging, radio frequency based charging and others.
Based on the application, the market has been segmented into consumer electronics, industrial, healthcare, automotive, defence and others. Consumer electronics currently accounts for the largest market share.
Based on the transmission range, the market has been segmented as short range, medium range and long range wireless chargers.
Region-wise, the market has been segmented as North America, Asia Pacific, 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 Convenientpower HK Limited, Energizer Holdings, Inc, Integrated Device Technology, Leggett & Platt Incorporated, Murata Manufacturing Co. Ltd, Powermat Technologies Ltd., Qualcomm Incorporated, Texas Instruments Incorporated, Witricity Corporation and Samsung.
This report provides a deep insight into the global wireless charging market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the wireless charging market in any manner.
Key Questions Answered in This Report:
How has the global wireless charging market performed so far and how will it perform in the coming years?
What are the key regions in the global wireless charging market?
What are the key application segments in the global wireless charging market?
What are the transmission ranges in the global wireless charging market?
What are the key technologies used in the global wireless charging market?
What are the various stages in the value chain of the global wireless charging market?
What are the key driving factors and challenges in the global wireless charging market?
What is the structure of the global wireless charging market and who are the key players?
What is the degree of competition in the global wireless charging market?
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