The
global wireless charging market is
projected to reach USD 22.25 billion by 2022. Increase in the demand for
hassle-free charging pads is driven by factors including entangling of charging
cable, insufficient availability of electric sockets in public places and
malfunctioning ports due to continuous usage. These key factors are expected to
increase the popularity of wireless power systems. Adoption of this technology
in sectors such as healthcare and military services is expected to offer new
horizons for market growth and provide new opportunities to expand.
Compatibility
issues with solution standards set up by wireless charging associations, namely
Wireless Power Consortium (WPC) and Air Fuel Alliance, are expected to pose a
challenge for the manufacturers and distributors over the coming years. Key
market players including Samsung, Qualcomm, and Broadcom act as members of
these associations and play a vital role in the development of innovative
technologies.
Inductive
technology dominated the market with a share of over 50.0% in 2014 owing to
increasing demand from Electric Vehicles (EVs) and widespread application of
WPC’s Qi platform in consumer durables and electronics.
RF
technologies are expected to witness rapid growth and capture market share of
inductive technology over the forecast period. The major advantage of Resonant
technology is its capability to charge multiple devices simultaneously thereby
gaining an edge over RF technology which is tailored for small devices such as
medical implants and wearables.
Browse full research report on Global Wireless Charging Market: http://www.grandviewresearch.com/industry-analysis/wireless-charging-market
Consumer electronics
accounted for over 60.0% share in 2014 owing to increase in adoption of this
technology in tablets and smartphones. The healthcare sector is estimated to
witness a growth rate of over 40.0% from 2015 to 2022. Deployment of ultra-small
devices such as sensory instruments and cybernetic implants into the body has
become a simplified procedure owing to its ability to be charged wirelessly.
Extensive R&D related to the development of new methodologies and
techniques for wireless charging by numerous organizations namely Stanford
University is expected to propel growth over the forecast period.
Asia
Pacific accounted for a significant share of the global market, which can be
attributed to rising demand for smart devices such as tablets and smartphones
and increase in demand for electric vehicles in the region. Western Europe and
the U.S. form the key regional markets on account of growing consumer
preference and inclination to spend on quality consumer electronic products
designed for the niche segment. Increasing adoption of powering mats and
charging hotspots for consumers by global food chains including McDonalds and
Starbucks is expected to have a positive impact on demand.
Africa
and Latin America are untapped markets and are projected to observe the high
adoption of wireless/cordless charging over the next seven years. The wireless
charging market is characterized by huge investments by industry players to
enhance and optimize existing functionalities. Key players include Qualcomm,
Integrated Device Technology (IDT), PowerbyProxi, Samsung, Broadcom, and
WiTricity Corporation.
Qualcomm
introduced a new cordless docking station 802.11ad WiGig dock which can be used
with snapdragon 820 processor and initiates powering when docked onto the
station. Qualcomm entered into a tie-up with Efacec, which plans to launch
powering options for electric hybrid vehicles. WiTricity has developed
technologically advanced processes to charging in multiple applications
including automotive, consumer electronics, medical and industrial.
Read our blogs by Grand View
Research: http://www.grandviewresearch.com/blog/wireless-charging-renovating-mobile-world
Grand View Research has
segmented the global wireless charging market on the basis of technology,
application, and region:
Wireless Charging
Technology Outlook (Revenue, USD Million, 2012 – 2022)
- Inductive
- Resonant
- RF
- Others
Wireless Charging
Application Outlook (Revenue, USD Million, 2012 – 2022)
- Automotive
- Consumer Electronics
- Industrial
- Healthcare
- Defense
- Others
Wireless Charging
Regional Outlook (Revenue, USD Million, 2012 – 2022)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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