openPR Logo
Press release

Wireless Charging Market is expected to garner $37.2 billion by 2022

03-09-2017 02:46 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MRC LLP

Wireless Charging Market Report, forecasts that the global market is expected to garner $37.2 billion by 2022, registering a CAGR of 44.7% during the period 2016-2022.

Wireless charging is a reliable, convenient, and safe technology to power and charge electrical devices. Rise in sales of electric vehicles (EVs), advancement in portable electronics & wearables market, and necessity to harvest radio frequency (RF) energy are the factors that drive the growth of the market. However, technology being expensive to integrate and comparatively slower charging restrain the market growth.

Inductive charging technology is an innovative and most preferred EV and electronic device charging technique as compared to other wireless charging technologies. Inductive wireless charging is anticipated to drive the market significantly by 2022, maintaining its dominance in the market. On the other hand, other technologies such as radio frequency (RF), microwave, and laser are expected to exhibit a faster growth, owing to its accurate sensing of the object feature.

Download Sample Report @ https://marketreportscenter.com/request-sample/492792

Wireless charging technology has its penetration in wide range of industries such as electronics, automotive, industrial, healthcare, and aerospace & defense. In 2015, wireless automotive industry segment held 36.2% market share in the overall wireless market size. The manufacturers of EVs are incorporating wireless charging technology to maintain a competitive advantage. The aerospace & defense is expected to be the fastest growing segment, growing at a CAGR of 46.2%, due to the increased investment in the wireless charging market by players, as it increases the durability of the device.
Wireless charging market share of Asia-Pacific was highest in 2015, i.e., 36.4%. However, Europe emerged as a prime region for wireless charging with a high growth rate, exhibiting an increased demand due to rapid rise in electric vehicles and smartphone. In addition, Europe's largest semiconductor chip makers are entering into partnership with wireless power technology providers to develop integrated circuits for wireless power transfer.

Key findings of the Wireless Charging Market study:

In the year 2015, inductive wireless charging accounted for the highest share of 57.3% in the overall market

Upcoming wireless charging technologies such as radio frequency (RF), microwave, and laser are expected to exhibit a faster growth

Automotive industry contributed over 36.2% of the overall market in 2015, and is expected to grow with a CAGR of 45.2% during the forecast period

LAMEA is expected to be the fastest growing wireless charging market, and is expected to grow at a CAGR of 48.2% during the forecast period

Complete Report Details @ https://marketreportscenter.com/reports/492792/wireless-charging-market

Several prominent players operating in the wireless charging market adopted partnership as their key strategies. Companies such as Texas Instruments, Inc., Qualcomm Incorporated, and Samsung Electronics Co., Ltd. have introduced innovative and technologically advanced products to capture more market share. Prominent companies profiled in the report include Sony Corporation, Integrated Device Technology, Inc., Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings, Inc., and others.

Global Wireless Charging market size is forecasted to reach $37.2 billion by 2022, growing at an estimated CAGR of 44.7% from 2016 to 2022. Wireless charging is the transmission of energy without wires or cables from a power source to a consuming device. Wireless charging technologies comprise a charging station (or transmitter) that transmits the energy, and a receiver (integrated inside a device) that receives the energy and charges the battery. It is a reliable, convenient, and safe technology to power and charge electrical devices. In addition, it provides multiple efficient, cost-effective, and safety advantages over the traditional charging systems by eliminating the use of physical connectors and cables. Wireless charging maintains continuous transfer of power to ensure all varieties of devices (hand-held industrial devices, smartphones, heavy-duty equipment, and many more) are charged and readily available to use at a moments notice.

The market holds a great potential in electronics and automotive industries. Presently, most of the wireless charging stations for electric vehicles (EVs) have incorporated inductive charging technology. Automotive giants are entering into partnerships with providers in wireless charging market to integrate it in their EVs. For instance, Mercedes partnered with BMW and announced that its next-gen Mercedes S-Class plug-in hybrid electric vehicle (PHEV) employs wireless charging, and is expected to arrive in the summer of 2017. At present, automotive industry has the highest wireless charging market share owing to its growing adoption and need of efficient charging systems.

……..CONTINUED

Check Discount On This Report @ https://marketreportscenter.com/request-discount/492792

For more information, please visit https://marketreportscenter.com

Market Reports Center is an e-commerce platform obliging the needs of knowledge workers, experts, professionals who are subject to market research information for their work, or to make strategic business decisions. Market Reports Center’s team consistently works to update and extend our existing repository of market research reports by partnering with new publishers and adding their studies to our website

Sam Collins

303, Astral Court,

Aundh, Pune,

MH - 411045, India

info@marketreportscenter.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wireless Charging Market is expected to garner $37.2 billion by 2022 here

News-ID: 463511 • Views: 445

More Releases from MRC LLP

Infusion Extension Lines Market by Manufacturers, Countries, Type and Applicatio …
MRC announces the addition of new study based research report on Infusion Extension Lines market to their suite of offerings. Where the Infusion Extension Lines market is heading? If you are involved in Infusion Extension Lines sector, the report brings to your attention a basic overview of the Infusion Extension Lines market with market definition, classification, applications, segmentation, plans, manufacturing processes, product specifications, cost structures, regional analysis, and value chain
Guide Wire Market by Manufacturers, Countries, Type and Application, Forecast to …
MRC announces the addition of new study based research report on Guide Wire market to their suite of offerings. Where the Guide Wire market is heading? If you are involved in Guide Wire sector, the report brings to your attention a basic overview of the Guide Wire market with market definition, classification, applications, segmentation, plans, manufacturing processes, product specifications, cost structures, regional analysis, and value chain analysis. Equipped with all
Frozen Vegetables Market by Manufacturers, Countries, Type and Application, Fore …
MRC announces the addition of new study based research report on Frozen Vegetables market to their suite of offerings. Where the Frozen Vegetables market is heading? If you are involved in Frozen Vegetables sector, the report brings to your attention a basic overview of the Frozen Vegetables market with market definition, classification, applications, segmentation, plans, manufacturing processes, product specifications, cost structures, regional analysis, and value chain analysis. Equipped with all
Automotive Roof Systems Market by Manufacturers, Countries, Type and Application …
MRC announces the addition of new study based research report on Automotive Roof Systems market to their suite of offerings. Where the Automotive Roof Systems market is heading? If you are involved in Automotive Roof Systems sector, the report brings to your attention a basic overview of the Automotive Roof Systems market with market definition, classification, applications, segmentation, plans, manufacturing processes, product specifications, cost structures, regional analysis, and value chain

All 5 Releases


More Releases for Wireless

Wireless Display Market Size
According to a new report Global Wireless Display Market, published by KBV research, the Global Wireless Display Market size is expected to reach $5.2 billion by 2023, rising at a market growth of 11.6% CAGR during the forecast period. The North America market holds the largest market share in Global Wireless Display Software & Services Market by Region in 2016, and would continue to be a dominant market till 2023; growing
In-Building Wireless Market -
Global In-Building Wireless Market: Overview In-building wireless refers to communication solutions that are used to maintain connectivity inside a building where signals from the core infrastructure are not reachable. In-building wireless solutions are of keen interest to network providers that are seeking enhanced delivery of services to their core clients in the most demanding signal environment. The conventional distributed antenna systems (DAS) based in-building wireless has moved its main focus from
Wireless Surveillance Systems Market
Safety and security from possible threats is essential for every person. Wireless surveillance system is a useful solution which provides efficient and effective security to people as well as other applications such as businesses, malls, and public spaces. Wireless surveillance system are mounted easily anywhere with less space requirement as they does not require wires to power the devices. These system get their power from batteries which makes them flexible.
Global Wireless Chipsets Market
A wireless chipsets are a part of internal hardware made to enable a device to communicate and connect to another wireless device. A wireless adapter or chipset internet card is an inner hardware design, which is used in wireless communication systems or computer to connect with other devices. The market is expected to grow with a double digit CAGR. The consumers shift towards portable devices coupled with the increase usage
Wireless Pressure Sensors Market
MRC announces the addition of new study based research report on Wireless Pressure Sensors market to their suite of offerings. Where the Wireless Pressure Sensors market is heading? If you are involved in Wireless Pressure Sensors sector, the report brings to your attention a basic overview of the Wireless Pressure Sensors market with market definition, classification, applications, segmentation, plans, manufacturing processes, product specifications, cost structures, regional analysis, and value chain
Adaptive Wireless Solutions Introduces Wireless Cloud Gateway
The wireless cloud gateway is a completely self contained wireless mesh solution which is ideal for temporary monitoring applications including energy audits, environmental monitoring and critical facility status reporting. The gateway comes with built-in configuration tools, extended device support, on-board and cloud-based data logging and Modbus TCP support for stand-alone and integrated monitoring solutions. Wireless device data can be logged for months on the gateway’s on-board Micro SD card. Powerful embedded