Wireless Charging Market Size 2024

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Your Catalyst To a Lucrative Business Wireless
Charging Market Analysis, Size, Growth Industry
Trends and Forecast to 2024 - Hexa Research
" The global wireless charging market was
valued at approximately USD 1.90 billion in
2014 and it is projected to grow at an
approximate CAGR of over 60 over the
forecast period of 2016 to 2024."
Wireless Charging Market is expected to grow
beyond USD 20 billion by 2024. Elimination of
cables allows clutter-free charging, which has
impelled the consumption levels. Another growth
driving factor for the global market includes the
growing demands for smartphones, specifically in
India, China, and South Korea. The rise in
infrastructural development, digitization, and
network communications has also driven the
growth. Moreover, rising demands across the
automotive industry on account of the increased
sales of electric vehicles is also a key market
driver. The global market is segregated as
applications, technologies, and regions. The
application sector includes defense, consumer,
automotive, healthcare, and industrial. The
consumer application sector led the global market
and is expected to generate a revenue share of
more than USD 16 billion by 2024. Rising demands
for wireless chargers is likely to augment the
segment. The healthcare sector is projected to be
the most lucrative application sector, with a
CAGR of over 38 over the forecast period (from
2016 to 2024). The technology sector comprises
resonant, Radio Frequency (RF), and inductive.
Inductive wireless charging market led the
overall technology sector, particularly in the
automotive industry, in 2015. However, this
technology is inconvenient for a multi-device
ecosystem since it permits just a single device
to be charged per coil. The RF technology sector
is expected to exceed USD 3.5 billion by 2024
growing at a CAGR of over 45 from 2016 to 2024.
This is mainly because it eradicates the
necessity for appropriate alignment in case of
any small devices. Browse Details of Report
_at_https//www.hexaresearch.com/research-report/wire
less-charging-market
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Your Catalyst To a Lucrative Business Regionally,
the United States occupied over 30 of the total
revenue in 2015. High tendency to spend on these
devices because of the high levels of
technological awareness and advancements are
anticipated to favorably impact the market
growth. In addition to this, significant
technological proliferation across various
application sectors is also likely to be a key
growth driver. The Asia-Pacific wireless charging
market is projected to reach USD 12 billion by
2024 growing at a healthy CAGR of over 35
during the estimated years. The major companies
in the global market include WiTricity Corp.
PowerbyProxi Ltd. Qualcomm Inc. and Integrated
Device Technology Inc. (IDT). New players
generally work together with technology providers
and then launch their products. However, huge
set-up costs may pose a challenge to these new
companies that want to establish and develop
their market presence. Browse Related Category
Market Reports_at_ https//www.hexaresearch.com/resea
rch-category/next- generation-technologies-industr
y
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• Your Catalyst To a Lucrative Business
• Table of Content of Wireless Charging Market
• Chapter 1. Methodology and Scope
• Research Methodology
• Initial data exploration
• Statistical modeling and forecast
• Industry insights and validation
• List of Data Sources
• Chapter 2. Executive Summary
• Wireless charging industry 3600 synopsis, 2016 -
  2024
• Business trends
• Application trends
• Regional trends
• Chapter 3. Wireless Charging Industry Insights
• Industry segmentation
• Industry size, forecast and growth prospects,
  2016 - 2024
• Industry ecosystem analysis
• Supply landscape

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• Your Catalyst To a Lucrative Business
• Chapter 5. Wireless Charging Application Insights
• Wireless charging market share by application,
  2015 2024
• Consumer Electronics
• Market estimates and forecasts, 2016 - 2024
• Market estimates and forecasts by region, 2016 -
  2024
• Healthcare
• Market estimates and forecasts, 2016 - 2024
• Market estimates and forecasts by region, 2016 -
  2024
• Defense
• Market estimates and forecasts, 2016 - 2024
• Market estimates and forecasts by region, 2016 -
  2024
• Automotive
• Market estimates and forecasts, 2016 - 2024
• Market estimates and forecasts by region, 2016 -
  2024
• Industrial
• Market estimates and forecasts, 2016 - 2024
• Market estimates and forecasts by region, 2016 -
  2024
• Others

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• Your Catalyst To a Lucrative Business
• Japan
• Market estimates and forecasts by product, 2016 -
  2024
• Market estimates and forecasts by application,
  2016 - 2024
• India
• Market estimates and forecasts by product, 2016 -
  2024
• Market estimates and forecasts by application,
  2016 - 2024
• Latin America
• Market estimates and forecasts by product, 2016 -
  2024
• Market estimates and forecasts by application,
  2016 - 2024
• Brazil
• Market estimates and forecasts by product, 2016 -
  2024
• Market estimates and forecasts by application,
  2016 - 2024
• Mexico
• Market estimates and forecasts by product, 2016 -
  2024
• Market estimates and forecasts by application,
  2016 - 2024
• MEA
• Market estimates and forecasts by product, 2016 -
  2024
• Market estimates and forecasts by application,
  2016 - 2024

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