What's driving the Wireless Charging Market Share, Technology & Forecast 2020 - 2026: Key players are Evatran LLC, MediaTek, Inc., Mojo Mobility, Powermat Technologies, Texas Instruments, WiTricity Corporation
With technological advancements, smartphones can now be charged with wireless technology. The demand for wireless charging is increasing since it saves the time and money, which is increasing the value and production of wireless chargers in the industry landscape.
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Wireless charging market is estimated to record momentous gains over the forthcoming timeframe. Wireless charging could be easily used at home or in industry as well as in workplace. It reduces the wires that works with the help of electricity or those which generally have physical electrical wires.
Mobile phones or smart phones could be easily charged by a wireless charger. The main use of wireless charging is to connect with the object to recharge the battery of smart phones. The electric current of magnetic field generally performs the act of charging the device or any other object.
It is anticipated that the U.S Navy is building an underwater charging station for its submarine or unmanned undersea vehicles. This innovative technology would make it much easier for drones to recharge at sea without the use of cables. The aim is to make the charging station wireless, so the robot merely has to land and recharge itself. This would in turn, enable charging stations to be deployed at far off locations where UUVs operate.
The main advantage of using wireless charger is that it does not produce any electrical shock or sparkle. It is rust free and usually does not get affected by water. Wireless charging also boasts of relatively less consumption of electricity.
With respect to technology, the market is classified into resonant, RF, inductive, and others. Among these, RF-based chargers allow users to experience 'drop & charge' charging advantages as they do not require any precise placement of the device during the charging process, thereby driving their demand.
RF energy is presently broadcasted from billions of radio transmitter across the globe, which includes handheld radios, television/radio broadcast stations, mobile telephones and mobile base stations. The capacity to harvest RF based energy, from dedicated or ambient sources has enabled wireless charging of devices with low power and has benefits to product design, reliability and usability.
Based on application, the market is classified into automotive, industrial, healthcare, consumer, and aerospace & defense. It is further observed that several administrations in aerospace & defense sector are implementing wireless charging in their military applications to wirelessly charge robots in the field.
From a regional frame of reference, it is observed that supportive government initiatives for making improvisations in the European healthcare sector are aiding the market development in Europe.
The Latin America wireless charging market is witnessing an impressive growth owing to increasing automotive production across Mexico and Brazil.
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