Press release
Global Wireless Charging Market Is Expected To Grow At 35.4% Compound Annual Growth Rate (CAGR), by Revenue, from 2017 – 2025: Factor & Equilibrium
Browse 17 Data Tables and 32 Figures in the full report at:
www.factorandequilibrium.com/market-report/wireless-charging-market-forecast
Market Size Overview
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The wireless charging market size is expected to grow at an exponential rate during 2017 to 2025. In wireless charging, a receiver (integrated inside an electronic device or other devices) receives energy without wires or cables from charging station. This received energy is the utilized to charge the battery. Wireless charging provides multiple benefits such as convenience in using owing to elimination of requirement of physical connectors, safety and low life cycle cost. Wireless charging is gaining usage in electric vehicles, wearable devices and portable electronics owing to aforementioned benefits. In addition, rising demand of radio frequency (RF) wireless charging in low power devices is also fuelling the growth of wireless charging market. Owing to such benefits, demand for wireless charging is expected to grow at rapid pace during the forecast period.
Rising application of wireless charging in consumer electronics has been boosting the growth of the market.
Market Segmentation Overview
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Based on technology, global wireless charging market has been segmented into inductive, resonant, radio frequency and others. Others technology include infrared lasers and microwave radiation. As of 2016, inductive held the largest market share in the global market, accounting for more than 42% of wireless charging market size. In inductive technology, alternating magnetic field is converted into electrical current which charges the battery. Wide application of inductive technology in wearable devices and electric vehicles are driving the growth of the wireless charging market size.
In terms of revenue, inductive was the largest technology segment for wireless charging market in 2016.
Based on application, the market has been segmented into automotive, consumer electronics,industrial, aerospace & defense, healthcare and others. As of 2016, in terms of revenue, consumer electronics held the largest market share, accounting for more than 30% of wireless charging market size. Increasing applications of wireless charging in wearable devices, portable electronic devices and micro electric gadgets are boosting the growth of consumer electronics segment. Growing usage of consumer electronics having wireless charging facilities in research sector has also created future growth opportunity for the market.
In terms of revenue, consumer electronics was the largest application for wireless charging market in 2016.
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Regional Overview
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By region, the global market has been segmented into five regions; North America, Europe, Asia Pacific (APAC), Latin America and Middle East and Africa (MEA). In 2016, Asia Pacific occupied the largest revenue share of the market, accounting for more than 31%. The large market share in Asia Pacific can be attributed to growing usage of wireless charging in electric vehicles, booming consumer electronics sector and growing usage of wireless charging in healthcare sector.
Asia Pacific occupied the largest revenue share of the wireless charging market.
Leading Player Mapping
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Some major players in the market are: Samsung Electronics Co. Ltd. (South Korea), Texas Instruments Inc. (The U.S.), Integrated Device Technology (The U.S.), Qualcomm Technologies (The U.S.), Energizer Holdings, Inc. (The U.S.), WiTricity Corporation (The U.S.), Powermat Technologies Ltd. (Israel), Sony Corporation (Japan), Murata Manufacturing Company, Ltd. (Japan) and Fulton Innovation LLC (The U.S.) among others.
Browse Related Upcoming Reports:
www.factorandequilibrium.com/market-research/semiconductors-and-electronics-market
The market has been segmented as follows:
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Wireless Charging Market, by Technology
• Inductive
• Resonant
• Radio Frequency
• Others
Wireless Charging Market, by Application
• Automotive
• Consumer Electronics
• Industrial
• Aerospace & Defense
• Healthcare
• Others
Wireless Charging Market, by Region:
• North America (The U.S. and Canada)
• Europe (The U.K, Germany, CIS + Scandinavia and Rest of the Europe)
• Asia Pacific (China, Taiwan, South Korea and Rest of the Asia Pacific)
• Latin America (Mexico, Brazil and Rest of the Latin America)
• The Middle East and Africa (MEA) (South Africa, Saudi Arabia and Rest of the MEA)
Contact
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Arupratan Chattopadhyay
Marketing Manager
Factor & Equilibrium
New York City, NY
Email: sales@factorandequilibrium.com
Website:www.factorandequilibrium.com
About Factor & Equilibrium
--------------------------------
Factor & Equilibrium is a leading market research and strategy consulting firm. We specialize in helping clients to identify market trends, business opportunities and develop growth strategies. Factor & Equilibrium has engagement model to identify requirements of clients efficiently. We offer premium research studies across different industry verticals including chemicals and materials, semiconductors & electronics, healthcare and food & beverages.
We work as market research and consulting partner for government agencies, companies and research institutes having presence across different countries globally. We are knowledge partner of leading players operating in different industries such as chemicals and materials, semiconductors & electronics, healthcare and food & beverages.
Our business research studies focus on understanding dynamics, product life cycle, trends and growth opportunities of particular market. Factor & Equilibrium has its own statistical model to forecast market sizes and offers actionable insights to clients. We have dedicated research team to understand requirements of clients and deliver growth driven solutions.
Our consulting services include new product development strategy analysis, market entry strategy identification, pricing analysis, due diligence study, end user analysis, patent analysis and competitive intelligence among others.Factor & Equilibrium has unique producer mapping model - "Factor & Equilibrium Vendor Positioning Matrix"- that analyses current position and future growth potential of different market players. For more information, email sales@factorandequilibrium.com
FACTOR & EQUILIBRIUM
-----------------------------
India Delivery Centre: Ground Floor, 2/3 NKC Lane, India
Phone / Whatsapp : India: +91-9007842025
Email: sales@factorandequilibrium.com
Arupratan Chattopadhyay
+91 9830722571
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