Wireless power transmission is not a new concept to this world, it was founded in early 1891 when Nikola Tesla demonstrated the wireless power transmission model to this world without any use of wires. Today, Wireless Charging have various technology such as Inductive Coupling, Capacitive Coupling, RF among others.
High demand for Smartphones
High demand for the smartphones are one of the major driving factor for the market of wireless charging. Consumer electronic segments accounted for 31.53% of market share in the global Wireless Charging Market
where Smartphones segment accounted for 51.46% of total market share. Increasing disposable income around the world is leading to the high expenditure on the electronic products which includes purchase of smartphones and wearable devices. A study shows that the total shipment of smartphones around the was estimated to be at 1.5 billion in the year 2016 which is expected to grow at 2 billion shipments by the end of year 2023.
The global Wireless Charging market is expected to reach USD 24.05 billion by the end of 2023 with 32.56% CAGR during forecast period 2017-2023.
December 2017 – PESI, a South Korean designer studio, has introduced a range of furniture and homeware products integrated with wireless charging supported by electromagnetic induction technology. These products are available in two forms namely composition and on the surface. On the surface products includes flat wireless charging surface and desktop items such as container, clock, mirror, and speakers. Whereas, composition products includes wireless charging surface which can be customize with wood and acrylic elements.
December 2017 - Dan Bus Company, an Israel transit service company, has announced of investing around USD 2.2 million in wireless technology to deploy electric power sources on the regular roads of the country. These electric roads would be capable of providing power to vehicles from the road using conduction coils which provide charging power through magnetic induction.
October 2017 – PowerSphyr, a global provider of wireless power technology products and solutions, acquired Gill Electronics, a wireless power & charging device designer. Gill Electronics is one of the prominent manufacturer of resonant magnetic systems deployed with Airfuel, and FCC approved products. With this acquisition, the PowerSphyr is expected to produce wireless charging solutions enabled with resonant magnetic solutions.
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Wireless Charging Global Market- Segmentation
The Wireless Charging Market can be classified into 4 key segments as follows:
- Segmentation by Technology: Inductive Coupling and Capacitive Coupling
- Segmentation by Components: Transmitters and Receivers
- Segmentation by Application: Consumer Electronics (Smartphones, Tablets, Wearable Device), Industrial, Infrastructure, and Automotive.
- Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Market Research Future Analysis
Warless Charging market is still in the growth phase and new applications are coming in the picture every day. For the purpose of this report, Market Research Future has bifurcated the application segment into consumer electronics, Industrial, Infrastructure, Automotive among others. Consumer electronic segment accounts for the largest market share in the year 2016 whereas Automotive segment has emerged as fastest growing market which is estimated to grow with 36.44% of compound annual growth rate from the year 2017 to 2023.
The prominent players in the market of Wireless Charging market are – Samsung Electronics Co Ltd. (South Korea), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), NXP Semiconductors (Netherlands), Powermat Technologies Ltd (Israel), WiTricity Corporation (U.S.), PowerbyProxi (New Zealand), Qualcomm Inc. (U.S.), TDK Corporation (Japan), Convenient Power HK Limited (China) among others.
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- Smartphone Manufactures
- Battery Manufacturers
- Technology Providers
- Wireless Charger Manufactures
- Chip Manufacturers
- Wireless Charger Suppliers
- Research firms
- Consultancy firms
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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