Wireless Charging Market Wordpress

Wireless Charging Market share to exceed $25.6bn by
2023: Global Market Insights Inc.
The Oral-B rechargeable toothbrush was the first commercialized wireless charging
product. Since then, wireless charging market is on the verge of continuous
developments in recharging the batteries of the electrical devices. Recently, Sony has
patented a technology, which can hunt power from a range of electric devices
comprising smartphones, laptops and as well TVs, washing machines, and fridges.
Another notable development in 2016 was the launch of LG G6 and Galaxy S8,
sporting wireless charging technology.
Qi is the most common technology found in wireless charging products. With the
adoption of Qi technology and standards, in 2012, Nokia’s Lumia 820 & 920, Google’s
Nexus 4 and many other smartphone models featured inductive charging. High degree
of digitization and commercialization has impelled global wireless charging market.
Growing smartphone penetration particularly in India, China, and South Korea is likely
to propel the Asia Pacific wireless charging industry to register a whooping CAGR of
34% over the period of 2016-2023. Considerable proliferation of wireless charging
technology across various application segments is also a major growth driver.
Wireless charging technology is set to bring a notable surge in wearable devices.
Consumer applications dominated the wireless charging industry, with target revenue
slated to reach USD 15.8 billion by 2023, owing to increased purchasing parity of
consumers and seamless charging experience. Healthcare is another attractive
application foreseen to grow at a rate of 37.5% from 2016-2023. Miniaturization of
products and the possibilities of performing operations without the use of batteries has
led the growth of wireless charging market in healthcare applications. Wireless
charging market is set to experience a boom in vehicle-charging, defense, and
industrial sectors, subsequently expanding the application base.
Wireless charging industry has established three major technology standards in order
to provide compatibility across devices, which includes Alliance for Wireless Power
(A4WP), Power Matters Alliance (PMA) and Wireless Power Consortium (WPC). WPC
and PMA technology standards specialize in inductive technology, whilst A4WP uses
resonance technology.
Inductive wireless charging industry is anticipated to exceed USD 10 billion by 2023,
owing to its popularity across the automotive industry. RF wireless charging
technology can power more than one device simultaneously, as opposed to its
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counterpart. RF wireless charging market is projected to exceed USD 3 billion by 2023
with a CAGR of 40.5% over the period of 2016-2023.
Europe wireless charging market size, by technology, 2012 – 2023
(USD Million)
Browse key industry insights spread across 129 pages with 55 market data tables &
48 figures & charts from the report, “Wireless Charging Market Size By Application
(Consumer, Defense, Healthcare, Automotive, Industrial), By Technology (RF,
Resonant, Inductive), Industry Analysis Report, Regional Outlook (U.S., Canada,
UK, Germany, China, Japan, India, Brazil, Mexico), Application Potential, Price
Trends, Competitive Market Share & Forecast, 2016 - 2023” in detail along with the
table of contents:
https://www.gminsights.com/industry-analysis/wireless-charging-market
Consumers today are becoming increasingly tech-savvy and are willing to spend
more on wireless charging devices. This has largely contributed in the growth of U.S.
wireless charging market, which held the largest regional industry share in 2015.
This market is fueled by adoption of novel technologies by the market giants. Many
biggies have already implemented wireless charging in their flagship phones, whilst
the smartphone market hulk – Apple, is also expected to switch gears and implement
this technology. This industry may witness several players competing for standards,
licensing agreements, and technological innovations. Major participants in the
wireless charging industry include Qualcomm, PowerbyProxi, WiTricity Corporation,
and IDT.
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Report Content of Wireless Charging Market:
Chapter 1.
Methodology and Scope
1.1. Research Methodology
1.1.1. Initial data exploration
1.1.2. Statistical modeling and forecast
1.1.3. Industry insights and validation
1.2. Data Sources
Chapter 2.
Executive Summary
2.1. Wireless charging industry 360 0 synopsis, 2013 - 2023
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Regional trends
Chapter 3.
Wireless Charging Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2012 - 2023
3.3. Industry ecosystem analysis
3.3.1. Supply landscape
3.4. Technological overview
3.4.1. Wireless charging standards
3.5. Industry Impact forces
3.5.1. Growth drivers
3.5.1.1 Growing smartphones demand
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3.5.1.2 High degree of convenience
3.5.1.3 Technological innovation
3.5.2. Industry pitfalls & challenges
3.5.2.1 Need for standardization
3.6. Growth potential analysis
3.7. Porter’s analysis
3.8. Key competitor analysis, 2015
3.8.1. Company strategy landscape
3.9. PESTEL analysis
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