Wireless Charging Market size was valued at USD 1.87 billion in 2014 and is expected to reach USD 22.25 billion by 2022. Future growth opportunities seem to positive on account of increasing adoption of consumer electronic devices such as laptops and smartphones that employ the new technology of wireless charging. Rising need for wireless and hassle-free methods to power different devices amongst end users in industrial sectors including healthcare, automotive, defence and industrial markets is expected to propel market growth in the next eight years. This market is in the growing phase and is observed to experience a wide range of innovations and provide several opportunities to new entrants.
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Market Synopsis of Wireless Charging Market:
In order to improve existing operations and functionalities, heavy investments are made by major market players on research and development. Key emphasis is laid on enhancing and refining the power transmission range that can enable wireless charging of devices for long distances.
Application Insights
Nearly 60% of the overall revenue share was occupied by consumer electronics in 2014. This is expected to continue in the coming years and become the most dominant segment until 2022. Unavailability of electric sockets at public places and the need to eliminate the trouble caused by wired chargers are expected to trigger growth in this market over the forecast period and gain prominence.
Defence and healthcare are anticipated to surface as one of the most promising application sectors over the forecast period. Continuous efforts in research and development at Stanford University has resulted in a new way to charge sensors wirelessly in addition cybernetic implants, making way for new generation ultra-small gadgets that can penetrate deep inside the body.
Standard Insights
Few Associations such as WPC and PMA specialize in inductive technology, and A4WP’s Rezence is specialized in resonant technology. However, in June 2015, PMA announced its merger with A4WP and PMA and named it Air Fuel Alliance in November 2015. Hence, WPC and its Qi platform was the sole effective platform for inductive technology.
The merger proved to simplify decision making for hardware developers relieving them from the task of complying with three different standards. However, the combined body of A4WP and PMA poses few technical challenges. Qi, similar to PMA, uses closely connected inductive solution in addition to the newly added specification that employs resonance technology and provisions backward compatibility for Qi receiver devices such as laptops, smartphones and tablets.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/wireless-charging-market
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Wireless Charging: Market Variables, Trends & Scope
Chapter 4 Wireless Charging: Product Estimates & Trend Analysis
Chapter 5 Wireless Charging: Application Estimates & Trend Analysis
Chapter 6 Wireless Charging: End-use Estimates & Trend Analysis
Chapter 7 Wireless Charging: Industrial End-use Estimates & Trend Analysis
Chapter 8 Wireless Charging: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Wireless Charging: Manufacturers Company Profiles
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The global wireless mouse market is projected to reach USD 1.77 billion by the end 2025, according to a new report released by Million Insights.
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ReportCrux Market Research has published a new report titled “Cannabis Extract Market Segmented by Product (Tinctures, Oils); by Extract type (Cannabis Isolates, Full spectrum); by Type of nature (Conventional, Organic); by Distribution (Indirect, Direct); by Application (Pharmaceutical, Textile & Paper, Cosmetics and Other) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027”.
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