Wireless Charging Market by Technology, Range & Component

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MarketsandMarkets Presents
Wireless Charging Market (Technology, Range
Component) worth 13.78 Billion by 2020

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reless-charging-market-640.html
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According to a new market research report titled
Wireless Charging Market by Technology, Range,
Component (Transmitters and Receivers for Various
Devices), Application (Consumer Electronics,
Defense, Healthcare, Automotive, and Industrial),
and Geography - Analysis and Forecast to 2013 -
2020, the wireless charging market is estimated
to reach 13.78 billion by 2020 growing at a
CAGR of 60.26 between 2014 and
2020. http//www.marketsandmarkets.com/Market-Rep
orts/wireless-charging-market-640.html Browse
69 Market Data Tables 77 Figures 166 pagesEarly
buyers will receive 10 customization on this
report.
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The wireless charging market has been segmented
into four basic segments which include market by
technology, market by transmission range, market
by application, and market by geography. Market
by technology comprises inductive, radiation, and
other technologies. Market by application
includes consumer electronics, defense,
healthcare, automotive, and industrial sectors.
It has been estimated that the majority of the
demand is expected from consumer electronics
also most of the companies involved in the
development of wireless charging technology are
developing products related to consumer
electronics. The consumer electronics application
holds the largest market size of 68 in terms of
value, in 2014. The wireless charging technology
is suitable for applications, wherein the devices
need to be frequently charged. Consumer
electronics devices require frequent charging
sessions as they are used extensively, throughout
the day.  Smartphones have now become an
inevitable part of day-to-day life. People are
carrying their smartphones for the whole day,
using numerous applications and being
continuously connected to the internet. This
leads to fast draining of batteries, thereby
necessitating the need to charge smartphones, at
least once in a day. This problem can be easily
be solved by the implementation of wireless
charging technology. Companies are continuously
working towards the development of transmitters
and receivers, which can enable the smartphones
to be charged on the go.
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Another successful application of wireless
charging is in electric vehicles, as it doesnt
require the physical connection of vehicle and
charging source. The vehicles can be charged,
just by parking it in the garage or parking space
where the charger infrastructure is available.
Such attributes of wireless charging comprise the
key factors driving the growth of this market in
automotive application. In this report the
drivers, restraints, and opportunities has been
covered and are described briefly along with,
their impact on the wireless charging market. The
major driving factors include user friendliness,
growing demand for smartphones, and the ability
to charge multiple devices at a same time. The
major restrains include  lack of standards
related to wireless charging and interference
with other electronic devices. The increasing
efficiency of wireless charging devices and the
growth of new applications constitute the key
areas of opportunity for this market. The
various market players involved in the
development of wireless charging technology
include ConvenientPower HK Ltd. (Hong Kong),
Energizer Holding, Inc. (U.S.), Integrated Device
Technology Inc.  (U.S.), Leggett and Platt Inc.
(U.S.), Murata Manufacturing Co. Ltd. (Japan),
PowerbyProxi Ltd. (New Zealand), Powermat
Technologies Ltd. (Israel), Qualcomm Incorporated
(U.S.), Texas Instruments Incorporated (U.S.),
and WiTricity Corporation (U.S.).
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Scope of the report This research report
categorizes the wireless charging market based on
technology, transmission range, applications, and
geographies. Based on Technology The wireless
charging market has been segmented on the basis
of the induction, radiation, and other
technologies. Other technologies include laser
based and radio frequency based transfer of
power. Based on Transmission Range The wireless
charging market has been segmented on the basis
of range up-to which a charger can charge the
electronics device this includes short range,
mid-range, and long range. Based on
Application The wireless charger market has been
further segmented based on applications. This
includes consumer electronics, defense,
healthcare, automotive, industrial, and other
applications. Other applications include
logistics and aerospace. The charger segment has
been further segmented to one device charger, two
device chargers, and multiple device chargers.
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