Global Wireless Charging Market - Analysis and Forecast to 2020
DUBLIN, Jan. 27, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/357wst/wireless_charging) has announced the addition of the "Wireless Charging Market by Technology, Range, Component, Application, and Geography - Analysis and Forecast to 2013 - 2020" report to their offering.
Wireless charging technology has recently seen major development; however this technology can be traced back to 1891 when Nikola Tesla demonstrated the transfer of energy wirelessly, by means of electrostatic induction. With the development and advancement of technology, it has now become possible to transfer power from the transmitter to receiver, efficiently and effectively. These advancements have also helped develop this technology for various applications such as consumer electronics, defense, healthcare, and automotive, and industrial, among others.
Wireless charging market has been segmented into four basic segments which include market by technology, market by transmission range, market by application, and market by geography. Market by technology includes technology such as inductive, radiation, and other technology (laser technology).
The Wireless charging market is forecasted to grow at a CAGR of 60.26%, between 2014 and 2020. Induction technology is expected to grow at the highest CAGR of 60.80%, between 2014 and 2020. This is mainly due to the fact that majority of the wireless charging enabled devices being developed are based on resonance technology. Recently, Alliance for Wireless Power (A4WP) and Power Matters Alliance (PMA) have decided to collaborate on further developing inductive technology. It has been estimated that in future, almost all wireless charging enabled devices would run according to the standards, based on inductive charging technology developed by the said associations.
Radiation technology and other technologies have a very low market size, in terms of value. Other technology which includes laser technology is considered to have the capability to transmit power over longer distances. This means that power can be received by, for example, unmanned aerial vehicle (UAV) from a transmitter situated on the ground. These transmitters use laser technology to transmit the power, over a long distance. Currently laser technology with regards to wireless charging is not yet fully commercialized, so its market size in terms of value is small, however with the development and advancement of technology, it has been estimated that its market would grow.
In the report the drivers, restraints, and opportunities have been described briefly along with their respective impact on the wireless charging market. The major driving factors of this technology include: user friendliness, growing demand for smartphones, and the ability to charge multiple devices at the same time. The major restrains include: lack of standards related to conformity and interference with other electronic devices. Increasing efficiency of wireless charging devices and growth of new applications comprise the key opportunities in the wireless charging market. Compatibility issues, inadequate government regulation, and lack of awareness are considered to be the key challenges for this market.
The various key players in the wireless charging technology market 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.). These companies operate globally and develop wireless charging technology related products and services for various applications.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Wireless Charging Market By Technology
8 Wireless Charging Market By Transmission Range
9 Wireless Charging Market By Application
10 Market By Geography
11 Competitive Landscape
12 Company Profiles
13 Appendix
Companies Mentioned:
- Convenientpower HK Limited
- Energizer Holdings, Inc
- Integrated Device Technology
- Leggett & Platt, Incorporated
- Murata Manufacturing Co. Ltd
- Powerbyproxi Ltd.
- Powermat Technologies Ltd.
- Qualcomm Incorporated
- Texas Instruments Incorporated
- Witricity Corporation
For more information visit http://www.researchandmarkets.com/research/357wst/wireless_charging
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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