Market Research Report
Wireless Charging Market, by component, by Technology, by Application and by Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
|Published by||Coherent Market Insights||Product code||927691|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Wireless Charging Market, by component, by Technology, by Application and by Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027|
|Published: March 3, 2020||Content info: 120 Pages||
Wireless charging or inductive charging is a type of cordless power transfer wherein it uses electromagnetic induction to provide electricity to portable devices. Wireless charging is typically used to supply power to smartphones, tablets, and smart watches. It is based on the principle of inductive power transfer (IPT) wherein an electromagnetic field between two objects is used for transferring energy. Wireless charging is comprised of two components namely receiver and transmitter. Moreover, it uses other technologies such as resonance charging and radiofrequency technology.
Increasing sales of electric vehicles worldwide is the major driver driving the global wireless charging market owing to increase in sales of electric vehicle, owing to low maintenance and cost-effective features. According to the Edison Electric Institute (EEI), in 2018, the electric vehicle sales increased by 81% as compared to 2017. Electric vehicles are powered by rechargeable batteries that are charged using electricity. Over the years, automakers have started using wireless charging since it is convenient and easy to use. The driver needs to part their car over the charging pad. This also provides sophisticated experience as there is no need to plug-in charging cables. Moreover, increasing consumer awareness regarding wireless charging owing to Technological advancements in mobile devices such as embedded wireless charging technology have shifted preference of consumers towards wireless charging. Increasing number of mobile device vendors are incorporating wireless charging feature in high-end models of laptops, smartphones, wearable, and notebooks, which in turn, is expected to support the global wireless charging market growth the over the forecast period. For instance, Google Nexus 6 smartphone is enabled with Qi wireless charging technology.
This report segments the global wireless charging market it is segmented into, transmitters and receivers. On the basis of technology the market is segmented into, inductive technology, resonance charging, radio frequency technology and others. On the basis of application, the global wireless charging market is segmented into, consumer electronics, automotive, healthcare and industrial. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.