The global wireless charging market is expected to reach USD 145,337.92 million by 2025 from USD 3,346.91 million in 2017 and is projected to grow at a CAGR of 60.22% in the forecast period of 2018 to 2025.
Wireless charging helps in the transmission of energy without wires from a power device. Wireless charging gadgets involve a charging station that transmits the vitality and is incorporated inside a gadget that gets the vitality and charges the battery. It is a solid, helpful and safe innovation to power and charge electrical gadgets. It is multiple efficient and safer over the traditional charging system.
The renowned players in wireless charging market are Qualcomm Inc., Leggett & Platt, Incorporated. Murata Manufacturing Co. Ltd, Powerbyproxi Ltd., Powermat Technologies Ltd., Fulton Innovation LLC, Texas Instruments, Inc., WiTricity Corporation, Convenient Power HK Ltd., Texas Instruments Incorporated, , Integrated Device Technology, Inc., Murata Manufacturing Co. Ltd., Duracell Powermat, Energizer Holdings, Inc, Oregon Scientific, Inc. and Anker among others.
Global Wireless Charging Market Segmented By Technology (Inductive Technology, Radiation Technology, Other Technologies),
Transmission Range (Short Range, Medium Range, Long Range),
Application (Consumer Electronics, Defense, Healthcare, Automotive, Industrial, Others),
Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025
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It has wide application in electronic devices such as smartphones, laptops, portable devices and others. According to WPC, in 2017 the wireless power market was 325 million units out of which 300 million units are mobile phones and the sale of wireless charger was 75 million units. As per The U.S. Aerospace and Defense (A&D) industry, in 2016, aerospace and defense industry generated USD 872 billion in sales and generated USD 146 billion from export. Thus, the above factor proves that wireless product market and and defense market is growing and the increase in the usage of wireless charging by these industry will derive the wireless charging market.
The global wireless charging is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of wireless charging market for global, Europe, North America, Asia Pacific and South America.
In 2018, Samsung introduced new dual wireless charger which have two charging pads and fast charging capability.
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Market Drivers and Restraints:
- High ability to charge multiple devices is expected to create a huge demand
- Consumer inclination toward wireless connectivity is expected to lead the market
- Growing demand is expected for wireless charging enabled smartphones
- Lack of standards restricts the growth of the market
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