- Opportunity and Forecast, 2016-2025
Wireless charging uses electromagnetic field to transfer power from transmitting device to receiving device for charging. It works on principle of magnetic resonance, in which electric current is passed between two objects through coils. Risk of electric faults such as short circuit and corrosion of electronic devices can be avoided. It provides convenience, eliminates the need of cables, and enhances durability. Magnetic fields passing through wired connections and wireless connections are different in terms of risks of infection of skins. Wireless connections are less risky. Advancements in technology have brought a lot of transformation in wireless charging.
Growth in network communications, infrastructural development, and digitization along with demand from automotive sector drives the global wireless charging market. However, need for standardization and stringent government regulations restrict the growth of the market. Technological innovation and high degree of convenience provided by wireless charging create opportunities in the industry.
Detailed segmentation of the global wireless charging market is provided in terms of technology, application, and geography. Technology types covered in the research are inductive, RF, resonant, and others. Applications analyzed in the study are defense, consumer electronics, healthcare, automotive, industrial, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the industry are Integrated Device Technology (IDT), Qualcomm, PowerbyProxi, Energizer Holdings, Evatran LLC, MediaTek, Mojo Mobility, Murata Manufacturing, and WiTricity Corporation. These industry players have adopted expansion, merger & acquisition, partnerships, joint ventures, new products, collaborations, and others to strengthen their position and gain competitive edge in the market.
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