Wireless Charging Market to reach $15.2 Billion by 2020

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Wireless Charging Market Forecast (2015-2020) By Technology (Magnetic Inductance, Magnetic Resonance, Radio-wave); By Range (Short range, Medium range, Long range); By Applications (Consumer Electronics, Industrial, Automobile)-With Forecast (2015 - 2020)

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Wireless Charging Market Forecast (2015 - 2020)

Wireless Charging Market Overview Wireless Charging, or wireless power transfer (WPT) is a method of transmitting power based on electromagnetic induction or resonance technique into various electronic devices such as smartphones, wearable devices, laptops, wireless headphones and many others.

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Wireless Charging Market Forecast (2015 - 2020)

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Wireless Charging Market Estimations  The total Wireless Charging Equipment Market is forecast to reach $15.2 billion by 2020 with a CAGR of 48.68%.  Magnetic Inductance Charging occupies more than 95% share of the wireless charging market.

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Wireless Charging Market Forecast (2015 - 2020)

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Market Revenue

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Wireless Charging Market Forecast (2015 - 2020)

Wireless Charging Market Driving Factors and Applications The factors driving the growth of Wireless Charging Market are

 Rising smartphone and tablet PCs market,  Increasing usage of electric vehicles and  Growing penetration of wireless charging devices to other geographic areas.

Wireless Charging finds its Application in various fields such as  Consumer electronics  Industrial

 Automotive

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Wireless Charging Market Forecast (2015 - 2020)

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Wireless Charging Market Segmentation Wireless Charging Market is precisely segmented into 5 broad segments based on these factors:  By Standards: Wireless Power Consortium (WPC), Power Matters Alliance (PMA)+Alliance for Wireless Power (A4WP) and Open dots Alliance  By Technology: Magnetic Inductance, Magnetic Resonance, Radio Wave Charging, Microwave Charging and Laser Beam Charging  By Range: Short range (<50mm), Medium range (<4M) and Long range (>4M)  By Applications:  Consumer electronics: Smartphones, Tablets, Wearable Devices and Laptops  Transportation: Automobile  Healthcare  Industrial: Power Tools and RFID Tags  By Region: Americas, Europe, APAC and ROW

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Wireless Charging Market Forecast (2015 - 2020)

Key Market Insights of Wireless Charging Market  In September 2014, BOSCH introduced the World’s first wireless charging power tools

that can be charged with the help of receiver irrespective of their position and placement.  In October, 2013, Linear Technology Corporation and PowerbyProxi entered into partnership in order to develop wireless power systems to be used in short range

applications and environments that are applicable to consumer electronics devices.  In 2015, Starbucks teamed up with Powermat Technologies Ltd. for introducing wireless charging mats in its U.K. stores to enhance customer experience.  In January 2015, 50 U.K. McDonald’s restaurants deployed Qi wireless charging spots

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Wireless Charging Market Forecast (2015 - 2020)

Key Market Insights of Wireless Charging Market  In 2014, Marriott announced 50 hotels with Qi charging spots. That has now grown to over 135 locations.  In March, 2015, Ikea announced that they would launch Qi-based furniture and accessories in stores world-wide. The launch was complete in June, 2015.  In March, 2015, Samsung announced that its flagship phone, the Galaxy S6 and S6 edge, would come with dual-mode wireless power receivers (Qi & PMA), and made Qi transmitters available for all its phones.  As of 2015, there were more than 82 models of Qi-enabled phones, including LG,

HTC, Samsung, Motorola, Google Nexus, Nokia and Sony.

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Wireless Charging Market Forecast (2015 - 2020)

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Key Market Players of Wireless Charging Market Major players covered in this report are  Powermat Technologies Ltd.  WiTricity Corporation  Texas instruments Inc.  PowerbyProxi  Qualcomm Incorporated  Murata manufacturing Co., Ltd.

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