Wireless Charging Market reaches $13.78 Billion by 2020 – New Report by MarketsandMarkets

Share Article

The report the wireless charger market based on the applications, which include consumer electronics, defense, healthcare, automotive, industrial, and other applications. (http://www.marketsandmarkets.com/Market-Reports/wireless-charging-market-640.html)

MarketsandMarkets

MarketsandMarkets

The various market players involved in the development of wireless charging technology include ConvenientPower HK Ltd. (Hong Kong), Energizer Holding, Inc. (U.S.), Integrated Device Technology Inc. (U.S.), Leggett and Platt Inc. (U.S.),

The new market research report on the "Wireless Charging Market", defines and segments the global market on the basis of its basic components. It also provides an in-depth analysis of the growth trends and revenue forecasts for the market.

Explore more information about “Wireless Charging Market” through 82 market data Tables and 68 Figures and detailed ToC spread across 188 Pages.

Inquiry before Buying at
http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=640

Early buyers will receive 10% customization on this report.

Wireless charging technology is used for the transmission of electrical current between two objects without any physical connection. This electrical current is used for charging various devices such as wearable electronics, smartphones, or industrial equipment. Wireless charging has eliminated the use of cables for charging, thereby providing a convenient way to charge electronic devices, wirelessly. According to the report, the ease and convenience of using wireless charging technology has led to its growing demand.

Consumer electronics devices require frequent charging sessions as they are used extensively, throughout the day. Smartphones have now become an inevitable part of day-to-day life. People are carrying their smartphones for the whole day, using numerous applications and being continuously connected to the internet. According to the report, this leads to fast draining of batteries, thereby necessitating the need to charge smartphones, at least once in a day. This problem can be easily be solved by the implementation of wireless charging technology. As observed in the report, the companies are continuously working towards the development of transmitters and receivers, which can enable the smartphones to be charged on the go.

The report segments the Wireless Charging Market into four basic segments which include the types of technologies, transmission range, applications, and demand patterns across different geographic regions. According to the segmentation analysis provided in the report, the consumer electronics application is expected to hold the largest market share of 68% in terms of value, in 2014.

Get the copy of Report at
http://www.marketsandmarkets.com/Market-Reports/wireless-charging-market-640.html

Another successful application of wireless charging is found in electric vehicles, as it doesn't require the physical connection of the vehicle and charging source. The vehicles can be charged, just by parking it in the garage or parking space where the charger infrastructure is available. According to the report, such attributes of wireless charging comprise the key factors driving the growth of this market in automotive application. It expects the wireless charging market to reach $13.78 Billion by 2020, growing at a CAGR of 60.26% from 2014 to 2020.

In this report the drivers, restraints, and opportunities have been covered and are described briefly along with, their impact on the global Wireless Charging Market. According to the report, the major driving factors for this market include user friendliness, growing demand for smartphones, and the ability to charge multiple devices at a same time. The major restrains mentioned in the report include lack of standardization and interference with other electronic devices. The increasing efficiency of wireless charging devices and growth of new applications constitute the key opportunity drivers for this market. The key challenges for the market include compatibility issues, inadequate government regulation, and lack of awareness.

Various market players involved in the development of wireless charging technology are profiled in this report. These players include ConvenientPower HK Ltd. (Hong Kong), Energizer Holding, Inc. (U.S.), Integrated Device Technology Inc. (U.S.), Leggett and Platt Inc. (U.S.), Murata Manufacturing Co. Ltd. (Japan), PowerbyProxi Ltd. (New Zealand), Powermat Technologies Ltd. (Israel), Qualcomm Incorporated (U.S.), Texas Instruments Incorporated (U.S.), and WiTricity Corporation (U.S.).

Browse Related Reports
Portable Battery Pack Market - Global Forecast to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/portable-battery-pack-market-197988783.html

Wearable Electronics and Technology - Analysis & Forecast to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/wearable-electronics-market-983.html

About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog at http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Mr. Rohan
@marketsmarkets
since: 04/2009
Follow >
Market Research Report
Like >
Follow us on
Visit website