Wireless Charging Market To Exhibit Impressive Growth during 2018– 2025| By : Qualcomm, Leggett & Platt, PowerbyProxi, Powermat New Zealand, Fulton Innovation LLC, Texas Instruments, WiTricity, And Others
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Global wireless charging market is expected to reach USD 145,337.92 million by 2025 from USD 3,346.91 million in 2017 and is projected to grow at a CAGR of 60.22% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
According to WPC, in 2017 the wireless power market was 325 million units out of which 300 million units are mobile phones and the sale of wireless charger was 75 million units. As per The U.S. Aerospace and Defense (A&D) industry, in 2016, aerospace and defense industry generated USD 872 billion in sales and generated USD 146 billion from export. Thus, the above factor proves that wireless product market and and defense market is growing and the increase in the usage of wireless charging by these industry will derive the wireless charging market.
The renowned players in wireless charging market are:-
• Qualcomm Inc.,
• Leggett & Platt,
• Murata Manufacturing Co. Ltd,
• Powerbyproxi Ltd.,
• Powermat Technologies Ltd.,
• Fulton Innovation LLC,
• Texas Instruments, Inc.,
• WiTricity Corporation,
• Convenient Power HK Ltd.,
• Texas Instruments Incorporated,
• Integrated Device Technology, Inc.,
• Murata Manufacturing Co. Ltd.,
• Duracell Powermat,
• Energizer Holdings, Inc,
• Oregon Scientific, Inc.
• among others.
Competitive Analysis: Global Wireless Charging Market
The global wireless charging is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of wireless charging market for global, Europe, North America, Asia Pacific and South America.
In 2018, Samsung introduced new dual wireless charger which have two charging pads and fast charging capability.
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Market Drivers and Restraints:
• High ability to charge multiple devices is expected to create a huge demand
• Consumer inclination toward wireless connectivity is expected to lead the market
• Growing demand is expected for wireless charging enabled smartphones
• Lack of standards restricts the growth of the market
Market Segmentation: Global Wireless Charging Market
Based on technology, the market is segmented into:
• inductive technology,
• radiation technology,
• and other technologies,
Based on transmission, the market is segmented into:
• short range,
• medium range,
• long range,
Based on application, the market is segmented into:
• consumer electronics,
Based on geography, the market report covers data points for 28 countries across multiple geographies such as:
• North America,
• South America,
• Asia-Pacific and Middle East & Africa.
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
• All segmentation provided above in this report is represented at country level and can be customized according to needs.
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
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