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Wireless Charging Market : Distinguished Players – WiTricity Corporation, Texas Instruments, Inc., Qualcomm Incorporated, Powermat Technologies, Powercast Corporation, Murata Manufacturing Co. Ltd., Mojo Mobility, Inc., MediaTek, Inc., Leggett & Platt,
Wireless Charging Market
Rising popularity and demand for electric vehicles (EV) have driven new growth opportunities in wireless charging market. The technology is used for charging EVs wirelessly, potentially revolutionizing the entire automotive landscape. Currently, companies in the wireless charging business have aligned their focus on developing cutting-edge charging solutions for electric vehicles.
For instance, Qualcomm Technologies, Inc. (QTI) has partnered with FIA Formula E Championship for developing Halo (WEVC) wireless electric vehicle charging technology. With this technology, users can efficiently charge their vehicles by moving over the charging base that is fixed in parking spaces or on roads.
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The technology’s long-term benefits such as reduced maintenance costs and sustainability have also encouraged industry participants to develop new wireless charging solutions for automobiles. Speculating the market’s potential in the automobile industry, Global Market Insights, Inc., suggests that the wireless charging market may exceed USD 30 billion by 2026.
In addition to the automobile industry, the aviation sector is also deploying innovative wireless charging modules in aircraft cabins to offer enhanced comfort and fast recharging facilities to passengers.
Why is RF-based technology holding a major share in wireless charging market?
RF-based wireless technology is recording increased traction owing to the technology’s capability to help eliminate the need for proper alignment in small devices like wearables and medical implants. Industry participants are developing innovative wireless charging solutions to attract customers.
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For instance, Humavox Ltd. developed near-field RF charging systems that allows any 3D volume to be transformed into a charging station, including objects like drawers, cup holders, etc. Such innovations in RF-based charging solutions are expected to accelerate the wireless charging market over the forecast period.
What are the key factors driving MEA wireless charging industry outlook?
According to reports, MEA is expected to offer lucrative growth opportunities for companies operating in the wireless charging industry. Airlines and airports in the region are deploying several wireless charging points to provide exceptional on-board facilities to passengers.
Moreover, carriers operating in the GCC region are leveraging wireless charging technology to improve passenger experience on short haul as well as long-haul flights. For instance, Emirates deployed around 30 wireless charging valet trays that use a magnetic field for wireless power transformation.
Meanwhile, in APAC, industrial wireless charging is expected to record exponential demand from manufacturing hubs in India, China, and South Korea. These countries are adopting wireless charging solutions to decrease the potential risk of explosions caused by stray sparks.
How are industry participants facilitating wireless charging market expansion?
Companies operating in the wireless charging market are introducing cutting edge products for consumers. In April 2018, Astronics Advanced Electronic Systems developed WCM (Wireless Charging Module) specifically optimized for aircraft, enabling the charging of personal electronic products like laptops and smartphones.
Companies such as Qualcomm Inc., Texas Instruments, Inc., Murata Manufacturing Co. Ltd., Powercast Corp., Powermat Technologies, MediaTek, Inc., Mojo Mobility, Inc., Leggett & Platt, Inc., and WiTricity Corporation are currently at forefront of wireless charging market.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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