1 / 7

Wireless Charging Market size worth USD 25.6 billion by 2023

Wireless Charging Market size was USD 2.62 billion in 2015, with revenue forecast of over USD 25 billion by 2023; according to a new research report by Global Market Insights, Inc.<br>Significant smartphone demand has led to growing adoption of these solutions. Development in telecommunication technologies coupled with increased number of internet users will be particularly beneficial for Asia Pacific wireless charging market size. This trend is further intensified by the burgeoning population base and availability of mobile broadband.<br>

GMInsights99
Download Presentation

Wireless Charging Market size worth USD 25.6 billion by 2023

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Wireless Charging Market size worth USD 25.6 billion by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights from Wireless Charging Market: • RF wireless charging market share will grow at 40.5% CAGR estimations over the forecast timeline. It is more suited for wearables and other small electronic devices that cannot follow the principles of alignment to a specific position as in the case of inductive technology. • Inductive wireless charging market size is forecast to surpass USD 10 billion by 2023. However, the technology necessitates precise placement of the target device in order to align the coils for initiating and sustaining the charging process. It also allows only one device per coil; for example, users cannot power their smartphone as well as smartwatch or any other wearable at the same time. Resonant technology offers high degree of convenience, since it allows charging several devices concurrently and does not need direct contact.

  3. Continued… • Consumer applications will continue leading wireless charging market size in the coming years, with revenue set to cross USD 15 billion by 2023. Apple is working on introducing the technology in its flagship iPhone, which is projected to propel demand across the segment. • Major OEMs such as General Motors, Toyota, and Audi are working on incorporating the technology in their cars. Increasing electric vehicle sales will drive technology adoption in the automotive space. • U.S. wireless charging market share represented the largest regional industry in 2015. Asia Pacific revenue will benefit from high consumer electronics sales and growing demand for convenience among users. • Major players include Qualcomm, IDT, PowerbyProxi, WiTricity Corporation, etc. Companies are looking at technological innovation and licensing agreements for strengthening global presence.

  4. Europe wireless charging market size, by technology, 2012 - 2023 (USD Million)

  5. Browse Full Market Research Report On Wireless Charging Market @ https://www.gminsights.com/industry-analysis/wireless-charging-market Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/440

  6. 360° Analysis • Application Analysis • Consumer applications dominated wireless charging market share, with revenue set to exceed USD 15.8 billion by 2023. Growing demand for charging devices wirelessly along with increasing purchasing power and high degree of convenience will provide impetus to this sector. • Regional Analysis • U.S. wireless charging market share was over 25% of the global revenue in 2015. High consumer inclination to spend on these devices due to high degree of technological awareness and advancements will prove favorable for regional industry growth. Considerable technological proliferation across application segments is also a major growth driver. • Competitive Market Share • companies include Integrated Device Technology (IDT), PowerbyProxi, Qualcomm, and WiTricity Corporation. • In February 2015, PowerbyProxi announced the release of an evaluation kit, which caters to the consumer electronic devices sector. Qualcomm signed Wireless Electric Vehicle Charging (WEVC) license agreement with Efacec in December 2015.

  7. Stay In Touch Website: www.gminsights.com Social Media:

More Related