DUBLIN--(BUSINESS WIRE)--The "Wireless Charging Market by Technology and Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global wireless charging market was valued at $5,220 million in 2017, and is projected to reach $71,213 million by 2025, registering a CAGR of 38.7% from 2018 to 2025.
Increase in sales of electric vehicles (EVs), constant development of portable electronics as well as wearables market, and frequent need of harvesting ambient RF energy are expected to drive the wireless charging market during the forecast period. However, expensive technology for its integration and slower charging as compared to other charging technologies are expected to hamper the growth of the market.
EVs offer multiple advantages such as reduced fuel consumption and emissions from the tailpipe, thus fueling the demand for wireless charging systems. Wireless charging for electric or plug-in hybrid vehicle is expected to experience an increase in demand in a short period of time. These systems can mitigate the present shortcomings of EVs such as short driving range and long charging time.
Several EV manufacturers are employing wireless charging in their products. Recently in Germany on May 28, 2018, BMW launched its wireless electric car charging system. Such implementations in various industry verticals help create a demand for wireless charging in the upcoming years.
Nordic Semiconductor, a fabless semiconductor company that specializes in ultra-low power performance wireless system has announced Bluetooth smart solution for Rezence wireless charging that uses the principles of magnetic resonance. This technology helps for out of band (OOB) charging management functions.
Based on technology, the inductive segment generated the highest revenue in the wireless charging market in 2017, and is expected to remain dominant during the forecast period. In addition, based on industry vertical, the automotive segment generated the highest revenue followed by electronics and industrial.
Key Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Wireless Charging Market, by Technology
Chapter 5: Wireless Charging Market, by Industry Vertical
Chapter 6: Wireless Charging Market, by Region
Chapter 7: Company Profiles
- Energizer Holdings Inc.
- Fulton Innovation LLC
- Interated Device Technology Inc.
- Murata Manufacturing Company Ltd.
- Powermat Technologies Ltd.
- Qualcomm Technologies Inc.
- Samsung Electronics Co. Ltd.
- Sony Corporation
- Texas Instruments Inc.
- Witricity Corporation
For more information about this report visit https://www.researchandmarkets.com/research/5d7q4z/global_71_2bn?w=4
