Global Wireless Charging Market: Snapshot
In a battery-driven gadget world that we live in, plugging in electronic devices is creating inconvenience to the consumers. To create a world without wires, wireless charging has become an innovative solution to eradicate the hassle of connecting cables for recharging devices and also to overcome wireless power transfer challenges. Wireless charging offers a supercooling system which decreases the time to charge for an iPhone X and iPhone 8. Nowadays, a wide range of devices uses these chargers as they provide high quality, safe, and reliable solution to wearable’s, smartphones, and laptops. 

Advantages such as no plug compatibility issues and charging multiple devices in parallel are propelling the wireless charging market growth. The information is based on a recent business intelligence report from IndustryARC, titled “Wireless Charging Market: By Standards (WPC, PMA+A4WP, Open Dots); By Type (Resonant, Radio Wave, Micro Wave, Others); By Range (Short, Medium, Long); By Applications (Consumer Electronics, Industrial, Automobile, Healthcare); By Geography - Forecast (2018-2023).”

Browse 74 Market Tables, 178 Figures spread through 230 slides and an in-depth TOC on “Wireless Charging Market (2018 - 2023)

Innovators Pioneering Solutions to Wireless Charging
A non-profit organization was founded in 2015, through a merger between the Alliance for Wireless Power (A4WP) and the Power Matters Alliance (PMA). It continuously deals with the promotion of wireless charging in semiconductors, consumer electronics, automotive, and infrastructure industries as well as enhances awareness among the people worldwide. By using wireless charging, organizations can gain an edge over their competitors and as the awareness increases, the companies operating in the wireless charging market are expected to take a cue from the pioneers. 

For instance, in January 2018, BP Ventures invested $5 million in Free Wire Technologies, which deals with mobile electric vehicle rapid charging systems. Also in 2018, Volvo Cars invested in a Pennsylvania-based wireless charging firm to provide high power wireless charging for electric vehicles. It is more focused on inductive charging technology which improves the charging infrastructure. Similarly, Hyundai and Honda are working with WiTricity to double the charging power of a wireless charging system offered by BMW. According to Federal Ministry for Economic Affairs and Energy, German federal government invested 210 million euros as R&D in 2017 in the field of electric mobility and it is estimated to rise to at least 20% by 2019. All these developments are an indication of the profit potential of the wireless charging market.

Samsung, Apple, and Huawei are some of the major smartphone manufacturers on whom much of the future of the wireless charging market depends. These players provide their products with inbuilt wireless charging capability. Infenion Technologies AG, Integrated Device Technology, Inc, WiTricity Corporation, Texas Instruments, Inc., and Convenient Power Ltd. are some of the other key players in this market. Infineon Technologies AG provides resonant wireless charging in consumer applications as well as inductive wireless charging for in-car charging. WiTricity is affording wireless charging to electric vehicles and also trying to implement this technology for new model cars.
Wireless charging transfers wireless power from the transmitter to receiver through electromagnetic fields which avoids the need of a charging station. Increasing efficiency and convenience are attracting the original equipment manufacturers to invest more for electric mobility future in emerging economies, and therefore the wireless charging market is anticipated for healthy growth.

Talk to one of our sales representative about the full report by providing your details in the link below:

Related Reports:
Electric Vehicles (EV) Market: By Vehicle Type; By Battery Technology; By Component; By Wired Charging; By Wireless Charging; By Infotainment, By High Power Electronics; By Light Weighting Material; By HVAC, By Energy Harvesting; By Organic and Flexible Electronics; By New Business Models; By Geography (Americas, Europe, Asia Pacific, RoW) Forecast (2018 - 2023)

Gallium Nitride (GaN) Substrates Market: By Size (2, 4, 6, 8 Inches); By Type (GaN on Sapphire, GaN on Si, GaN on SiC, GaN on GaN); By Products (Laser, LED, PSD); By End Use Industry (Automotive, Healthcare, Consumer Electronics, General Lighting, Military, Communication, Optical Storage); By Application (Servers & data Centers, LiDAR, Wireless charging applications, Power Supply, UPS) By Geography - Forecast (2018-2023)

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager 
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedIn -