Wireless Charging Market By Technology (Inductive, Resonant, Radio frequency), By components (Transmitters, Receivers), By application (Automotive, Electronics, Health care, Industries, Infrastructure, Aerospace and defense), Industry Trends, Estimation & Forecast, 2018 – 2025
Wireless Charging Market Overview:
Wireless-Charging-Market Revenue Will Reach $70.1 Billion By 2025, Growing With A CAGR of 37.2% During the Forecast Period of 2018-2025.
Wireless charging (known as Qi) is the process of charging electrically powered devices without keeping them in direct contact with electric source. The charging station (Qi sender) transfers the required energy to Qi receiver devices such as mobile phones, smartphones, tablets and others, through electromagnetic induction. With inductive charging, the required power reaches to receiver devices wirelessly through electromagnetic field. Apart from electromagnetic induction, the other two types of wireless charging methods are radiative electromagnetic resonant charging and uncoupled radio frequency (RF) charging.
Factors impacting the market:
The wireless charging market is driven by various factors, such as growing applications of battery operated devices and vehicles, and Internet of things, such as smartphones, tablets, wearable’s watches and similar others digital devices. Moreover, wireless chargers are compactable for different devices and it can charge multiple devices at a time regardless of the makers of the devices. This charging method is reliable, efficient, and it consumes less power as that of traditional chargers. Various leading smartphone companies are already making their devices Qi enabled.
However, wireless charging depends on the network coverage and rate of charging may vary, which poses a challenge in its wide adoption. Also, high cost of process and emission of radiation are restraints in wireless charging market. Though, wireless charging technology is still in its infancy stage but its market looks promising owing to ongoing research and development in this field.
Key players profiled in the report:
Sony Corporation, Samsung Electronics Co. Ltd, Integrated Device Technology, Powermat Technologies Ltd., Energizer Holdings, WiTricity Corporation, Qualcomm Incorporated, Murata Manufacturing Co. Ltd, Texas Instruments, Convenient Power Ltd, Energizer Holdings and Leggett & Platt Inc.
Apple recently added wireless charging feature to its new version of iPhones. Elix wireless, which boasts of its wireless charging solution, is developing high capacity charger up to 20 kW that can charge EVs and can be used for industrial applications.
Key benefits offered from the report include
- An in-depth analysis of the Wireless Charging market, with current and future trends to elucidate the imminent investment pockets
- Analysis of Global Wireless Charging Market with respect to key segments such as component, technology and application
- An comprehensive regional analysis of Global Wireless Charging Market has been covered in the report
- The quantitative analysis of the market from 2018 to 2025 is provided to elaborate the market potential and compound annual growth rate (CAGR) between 2018 and 2025
- Profile of the major players in the Global Wireless Charging Market will be provided, which include product & services, key financials, new developments & business strategies
Scope of the Global Wireless Charging Market:
- Radio frequency
- Aerospace and Defense
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East