Wireless Charging Market is nothing but a revolutionary turning point for the Charging Devices Industry. It has clearly gained much prominence in the past few years and is expected to grow further much more owing to the demand for higher convenient portable devices; be it mobiles or laptops or charging devices.
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According to IndustryARC studies, the Global Wireless Charging Equipment Market is forecast to reach $15.2 Billion by 2020 with a CAGR of 48.68% during the forecast period 2015-2020. Experts also suggest that currently, Magnetic Inductance Charging occupies more than 95% share of the total market.
MARKET TRENDS & MARKET GROWTH:
Brief on Market Driving Factors:
Rising smartphones and tablet PCs market, increasing usage of electric vehicles and growing penetration of wireless charging equipment to other geographic areas are accounted to be the top few gist of market drivers.
Prominent Market Applications:
Wireless charging finds its application in various fields such as consumer electronics, industrial and automotive. Electric vehicles (EV’s) segment is one of the key end user industries of wireless charging equipment market. People who own EV’s are using wireless charging to recharge the car batteries. As concerns over environment are increasing significantly, people are showing more interest to buy EV’s. As a result this segment is expected to have a high growth rate of nearly 103% during the forecast period 2015-2020.
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Geographically, globally around 127 Million consumers are using wireless charging equipment, with the largest markets being America followed by Europe.
However having different standards for power transfer is hindering the growth of wireless charging market.
Wireless Charging Equipment Market is well gone through and concluded to be divided into 5 broad types based on the given factors below:
• By Standards: Wireless Power Consortium (WPC), Power Matters Alliance (PMA) + Alliance for Wireless Power (A4WP) and Open Dots Alliance.
• By Technology: Magnetic Inductance, Magnetic Resonance, Radio Wave Charging, Microwave Charging and Laser Beam Charging.
• By Range: Short Range (<50mm), Medium Range (4M).
• By Applications: Consumer Electronics, Transportation, Healthcare and Industrial.
• By Region: Americas, Europe, APAC and ROW.
Key Market Players:
Few top notable competitors of the Wireless Charging Market which are studied, analyzed and mentioned in this research report by IndustryARC are:
• Integrated Device Technology, Inc.
• Fusion Taiwan Company
• Wireless Efficiency
• Active-Semi Inc.
• NuCurrent Inc.
• Ossia Inc.
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