Europe Wireless Charging Market Forecast 2017-2025
KEY FINDINGS The Europe Wireless Charging Market is predicted to rise with a CAGR of 22.49%, generating approximately $ 6855.6 million by the end of the forecast period of 2017-2025.
MARKET INSIGHTS Wireless Charging market has huge potential in consumer electronics sector which includes smartphones, tablets, laptops, PCs, etc. Most of the wireless charger manufacturers are inclining towards these portable rechargeable electronic devices since they need frequent charging. Thus, it is safe to say that consumer electronics is a key end-user for this market. In the recent years, the market has also found a huge scope in medical equipment and electric vehicles, generating potential growth opportunities for the market expansion. The market is highly fragmented, and its segments are based on technology, applications, and components. However, aspects like additional costs related to wireless charging and the continuous technological changes in the market might prove challenging for the market growth.
COMPETITIVE INSIGHTS Samsung Electronics Co Ltd, WiTricity Corporation, Powerby Proxi, Integrated Device Technology Inc, Energizer Holding, Qualcomm Inc, Powermat Technologies Ltd, and TDK Corporation are some of the well-known players in the market.