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Future of Wireless Charging Market Size 2024 WiTricity Corporation, Integrated Device Technology, Inc., Texas Instruments, Inc.

11-13-2017 10:20 AM CET | IT, New Media & Software

Press release from: marketstudyreport.com

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Future of Wireless Charging Market Size 2024 WiTricity

MarketStudyReport.com adds a new Wireless Charging Market research report that provides a detailed market overview as well as industry analysis for / of companies, manufacturers and distributors covering data on gross margin, cost structure, consumption value, sale price and more.

Growing demand of the technology across the automotive sector owing to rising pollution concerns as well as depleting fossil fuels is expected to drive the Wireless Charging Market over the forecast timeline. Manufacturers have recognized that consumers are increasing their spending capacity and are ready to invest in premium products. Several automotive manufacturers such as Audi, BMW, Daimler and Toyota are actively researching the technology. The industry is characterized by a considerable amount of R&D, which is expected to contribute to overall growth.

Request a sample copy of Wireless Charging Market Research Report @ https://www.marketstudyreport.com/request-a-sample/467712/?utm_source=opr-SK

Wireless Charging Market is set to exceed USD 14 billion by 2024; according to a new research report.

A huge opportunity for the technology exists in the highly automated & connected industries, as the battery power is a vital factor in several industrial applications. Wireless charging in industrial settings helps reduce the risk of explosions caused by stray sparks which occur during the connection and disconnection of current carrying power cables. In industrial applications of unmanned systems and robotic vehicles which require high voltages of electricity to operate efficiently, the technology is providing a consistent, high efficiency power supply to batteries which is expected to enhance the wireless charging market growth.

Resonant technology accounted for more than 25% of the wireless charging market share in 2016. The technology does not require direct contact for charging of devices and allows several devices to be charged simultaneously. It has a competitive advantage over the inductive technology as it offers wireless transfer of power at a long range for multiple devices. The technology is anticipated to become more widely available at coffee-shop tables and in offices under the desks.

Enquire about this report @ https://www.marketstudyreport.com/enquiry-before-buying/467712/?utm_source=opr-SK

Healthcare is a promising application segment for the wireless charging market. The usage of medical implants in advanced medical therapies for a variety of chronic conditions is growing, with the ability to safely charge such devices opens new opportunities to several treatment options thereby driving the wireless charging market growth. Moreover, wireless charging technology is offering its end-users the ability to extend the lifetime of an implant as the battery can be recharged, and can also eliminate the battery need in some cases.

The players operating in the wireless charging market include WiTricity Corporation, Integrated Device Technology, Inc., Texas Instruments, Inc., Qualcomm Inc., Energizer Holdings, Inc, PowerbyProxi Ltd., Powermat Technologies, Powercast Corporation among others. The industry is extremely competitive in nature, which has led several manufacturers to develop and commercialize several key technologies that are implemented in smart devices and contribute towards the end-user demand.

Companies are licensing their product portfolio which include patent rights, and which are beneficial in the manufacturing and distribution of wireless charging products. Moreover, several vendors are extending their businesses to emerging markets such as Asia Pacific and MEA as the North America wireless charging market appears to be comparatively mature in terms of infrastructural development.

Read full report description @ https://www.marketstudyreport.com/reports/wireless-charging-market/?utm_source=FR-SK

Related Reports: -
Global Copper Foil for Wireless charging Market Research Report 2017
In this report, the global Copper Foil for Wireless charging market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 201...
https://www.marketstudyreport.com/reports/global-copper-foil-for-wireless-charging-market-research-report-2017/?utm_source=RR-SK

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