Issuu

Wireless Charging Market Analysis, Size, Growth, Share & Forecast to 2024 | Grand View Research Inc.

“Wireless Charging Market Worth $22.25 Billion By 2022”

The global wireless charging market is projected to reach USD 22.25 billion by 2022. Increase in the demand for hassle-free charging pads is driven by factors including entangling of charging cable, insufficient availability of electric sockets in public places and malfunctioning ports due to continuous usage. These key factors are expected to increase the popularity of wireless power systems. Adoption of this technology in sectors such as healthcare and military services is expected to offer new horizons for market growth and provide new opportunities to expand. Compatibility issues with solution standards set up by wireless charging associations, namely Wireless Power Consortium (WPC) and Air Fuel Alliance, are expected to pose a challenge for the manufacturers and distributors over the coming years. Key market players including Samsung, Qualcomm, and Broadcom act as members of these associations and play a vital role in the development of innovative technologies. Inductive technology dominated the market with a share of over 50.0% in 2014 owing to increasing demand from Electric Vehicles (EVs) and widespread application of WPC’s Qi platform in consumer durables and electronics.

RF technologies are expected to witness rapid growth and capture market share of inductive technology over the forecast period. The major advantage of Resonant technology is its capability to charge multiple devices simultaneously thereby gaining an edge over RF technology which is tailored for small devices such as medical implants and wearables. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/wireless-charging-market

Consumer electronics accounted for over 60.0% share in 2014 owing to increase in adoption of this technology in tablets and smartphones. The healthcare sector is estimated to witness a growth rate of over 40.0% from 2015 to 2022. Deployment of ultra-small devices such as sensory instruments and cybernetic implants into the body has become a simplified procedure owing to its ability to be charged wirelessly. Extensive R&D related to the development of new methodologies and techniques for wireless charging by numerous organizations namely Stanford University is expected to propel growth over the forecast period. Asia Pacific accounted for a significant share of the global market, which can be attributed to rising demand for smart devices such as tablets and smartphones and increase in demand for electric vehicles in the region. Western Europe and the U.S. form the key regional markets on account of growing consumer preference and inclination to spend on quality consumer electronic products designed for the niche segment. Increasing adoption of powering mats and charging hotspots for consumers by global food chains including McDonalds and Starbucks is expected to have a positive impact on demand.

Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Wireless charging - Industry snapshot and key buying criteria, 2012 - 2022 Chapter 3. Wireless Charging Industry Outlook 3.1. Market segmentation 3.2. Market size and growth prospects 3.3. Wireless charging - Value chain analysis 3.3.1. Vendor landscape 3.4. Wireless charging - Technology roadmap 3.4.1. Wireless charging - WPC vs. AirFuel Alliance 3.5. Wireless charging market dynamics 3.5.1. Market driver analysis 3.5.1.1. Growing demand for smartphones 3.5.1.2. User-friendliness 3.5.1.3. Breakthroughs in wireless charging of medical implants 3.5.2. Market restraint analysis 3.5.2.1. Lack of unified standards 3.6. Key opportunities prioritized 3.7. Industry analysis - Porter's

3.8. Wireless charging - Key competitor analysis, 2014 3.8.1. Market strategy overview 3.9. Wireless charging market PESTEL analysis, 2014 Chapter 4. Wireless Charging Technology Outlook 4.1. Inductive 4.1.1.Global market estimates and forecasts, 2012 - 2022 4.1.2. Resonant 4.1.2.1. Global market estimates and forecasts, 2012 - 2022 4.1.3. RF 4.1.3.1. Global market estimates and forecasts, 2012 - 2022 4.1.4. Others 4.1.4.1. Global market estimates and forecasts, 2012 - 2022 Continue…………………. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com