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Wireless Charging Market Worth $13.78 Billion by 2020


News provided by

MarketsandMarkets

04 Dec, 2014, 08:30 GMT

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DALLAS, December 4, 2014 /PRNewswire/ --

According to a new market research report titled "Wireless Charging Market by Technology, Range, Component (Transmitters and Receivers for Various Devices), Application (Consumer Electronics, Defense, Healthcare, Automotive, and Industrial), and Geography - Analysis and Forecast to 2013 - 2020", published by MarketsandMarkets, the wireless charging market is estimated to reach $13.78 Billion by 2020, growing at a CAGR of 60.26% between 2014 and 2020.

Browse 82 market data Tables and 68 Figures spread through 188 Pages and in-depth TOC on "Wireless Charging Market".

http://www.marketsandmarkets.com/Market-Reports/wireless-charging-market-640.html

Early buyers will receive 10% customization on this report. 

The 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 comprises inductive, radiation, and other technologies. Market by application includes consumer electronics, defense, healthcare, automotive, and industrial sectors. It has been estimated that the majority of the demand is expected from consumer electronics; also most of the companies involved in the development of wireless charging technology are developing products related to consumer electronics. The consumer electronics application holds the largest market size of 68% in terms of value, in 2014. The wireless charging technology is suitable for applications, wherein the devices need to be frequently charged. 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. 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. Companies are continuously working towards the development of transmitters and receivers, which can enable the smartphones to be charged on the go.

Another successful application of wireless charging is in electric vehicles, as it doesn't require the physical connection of 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. Such attributes of wireless charging comprise the key factors driving the growth of this market in automotive application.

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

Inquiry Before Buying @http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=640

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.), 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 are working to incorporate this technology in various applications.

Browse Related Reports 

Portable Battery Pack Market by Capacity Range, Product Type (Smartphone, Tablet, Portable Devices and Others), Technology (Li-ion, Nickel Metal Hydride, Li-Polymer, and Nickel Cadmium) & Geography - Global Forecast to 2014 - 2020

http://www.marketsandmarkets.com/Market-Reports/portable-battery-pack-market-197988783.html

Wearable Electronics and Technology Market by Applications (Consumer, Healthcare, Enterprise), Products (Eyewear, Wrist wear, Footwear), Form Factors and Geography - 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@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

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