Wireless Charging Market to grow at 13% CAGR from 2017 to 2024

1
Wireless Charging Market to grow at 13 CAGR from
2017 to 2024 Global Market Insights Inc.
2
Key Insights from Wireless Charging Market

• Wireless Charging Market size is set to exceed
  USD 14 billion by 2024 as per a research report
  published by Global Market Insights, Inc.
• Growing demand of the technology across the
  automotive sector owing to rising pollution
  concerns as well as depleting fossil fuels is
  expected to drive the wireless charging market
  over the forecast timeline. Manufacturers have
  recognized that consumers are increasing their
  spending capacity and are ready to invest in
  premium products. Several automotive
  manufacturers such as Audi, BMW, Daimler and
  Toyota are actively researching the technology.
• A huge opportunity for the technology exists in
  the highly automated connected industries, as
  the battery power is a vital factor in several
  industrial applications. Wireless charging in
  industrial settings helps reduce the risk of
  explosions caused by stray sparks which occur
  during the connection and disconnection of
  current carrying power cables. In industrial
  applications of unmanned systems and robotic
  vehicles which require high voltages of
  electricity to operate efficiently, the
  technology is providing a consistent.

3
Continued...

• Resonant technology accounted for more than 25
  of the wireless charging market share in 2016.
  The technology does not require direct contact
  for charging of devices and allows several
  devices to be charged simultaneously. It has a
  competitive advantage over the inductive
  technology as it offers wireless transfer of
  power at a long range for multiple devices. The
  technology is anticipated to become more widely
  available at coffee-shop tables and in offices
  under the desks.
• Healthcare is a promising application segment for
  the wireless charging market. The usage of
  medical implants in advanced medical therapies
  for a variety of chronic conditions is growing,
  with the ability to safely charge such devices
  opens new opportunities to several treatment
  options thereby driving the wireless charging
  market growth. Moreover, wireless charging
  technology is offering its end-users the ability
  to extend the lifetime of an implant as the
  battery can be recharged, and can also eliminate
  the battery need in some cases.

4

Browse Full Market Research Report On Wireless
Charging Market _at_ http//bit.ly/2a5Zmgq
Request for a Sample of this Research
Report _at_ https//www.gminsights.com/request-sample
/detail/440
5
Continued...

• The players operating in the wireless charging
  market include WiTricity Corporation, Integrated
  Device Technology, Inc., Texas Instruments, Inc.,
  Qualcomm Inc., Energizer Holdings, Inc,
  PowerbyProxi Ltd., Powermat Technologies,
  Powercast Corporation among others. The industry
  is extremely competitive in nature, which has led
  several manufacturers to develop and
  commercialize several key technologies that are
  implemented in smart devices and contribute
  towards the end-user demand.
• Companies are licensing their product portfolio
  which include patent rights, and which are
  beneficial in the manufacturing and distribution
  of wireless charging products. Moreover, several
  vendors are extending their businesses to
  emerging markets such as Asia Pacific and MEA as
  the North America wireless charging market
  appears to be comparatively mature in terms of
  infrastructural development.

6
U.S. wireless charging market, by technology, 2016

7
Industry Coverage

8
360 Analysis

• By Technology
• Inductive wireless charging market accounted for
  majority of the global share in 2016 as it is an
  advanced and preferred technology for EVs and
  electronic devices as compared to other
  technologies. Inductive technology is being used
  for charging devices such as iPods, laptops, MP3
  players, tablets, smartphones, and other devices,
  which need high power.
• By Application
• Consumer applications accounted for more than 55
  of the overall wireless charging market share in
  2016. With the rising application of wireless
  charging in several commercial spaces, the
  industry is witnessing an enhanced demand for the
  technology from consumers.
• The industry has been gaining traction over the
  last few years as several businesses are
  implementing the technology. Manufacturers are
  placing a high focus on providing a hassle-free
  charging user-experience. Development in the IT
  telecom sector coupled with the increase in
  number of netizens will be particularly
  beneficial for the wireless charging market.
• Competitive Market Share
• Major players operating in the industry include
  Integrated Device Technology, Inc., WiTricity
  Corporation, Texas Instruments, Inc., Convenient
  Power Ltd., Qualcomm Inc., Murata Manufacturing
  Co. Ltd., Energizer Holdings, Inc, Leggett
  Platt Inc., Mojo Mobility, Inc., PowerbyProxi
  Ltd., Powermat Technologies and Powercast
  Corporation among others.

9
Stay In Touch Website www.gminsights.com Soci
al Media