Press release
Wireless Charging Market - High Hopes for Global Market as Consumer Electronics and Automotive Demands Skyrocket
Based on technology used, the global wireless charging market can be segmented into resonant charging, RF charging, and inductive charging. Inductive charging has gathered a staggering majority of the revenue in the market currently, owing to its relatively matured technology and a vast scope of use across all applications. Meanwhile, as research and development efforts continue to bear fruits, resonant and RF technologies are gaining power at a steady but assured rate. Players such as Samsung and Qualcomm have already begun commercializing these charging technologies, citing advantages such as the fast charging of multiple devices simultaneously.
The segmentation of the global wireless charging market can be made on the basis of its product applications, into defense, automotive, medical, industrial, and consumer electronics. At the moment, consumer electronics is leading the global wireless charging market in terms of demand as well as revenue generation. The future of the global wireless charging market will, however, be a more diversified field of applications as the technology progresses and incorporates the rapid charging of more power-intensive devices, such as industrial tools and portable medical electronic devices.
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North America remains the leading consumer region for the global wireless charging market, for now. Players are already looking at the massive range of opportunities that are expected to come from Asia Pacific, owing to its exceptionally strong consumption rate of consumer electronics.
The leading players in the global wireless charging market at the moment, include Texas Instruments, Inc., Duracell Powermat (Procter & Gamble Co.), Qualcomm Inc., Fulton Innovation LLC, Energizer Holdings, Convenient Power HK Ltd., Murata Manufacturing Co. Ltd., Inc, WiTricity Corporation, Oregon Scientific, Inc., Integrated Device Technology, Inc., and Anker. Apart from these key players, the global wireless charging market also includes a list of the world’s prominent mobile phone manufacturers that are expanding their product profile to include wireless chargers, such as HTC, LG Electronics, Nokia, and Samsung.
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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