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80 Market Tables, 25 Figures spread through 230 Pages and an in-depth TOC on “Wireless Charging Market” at: http://industryarc.com/Report/7384/wireless-charging-market-report.html
Wireless
Charging is a method of transferring electric current from
charger to device without need of any physical connection. The market for wireless charging has been forecast
till 2020 based on various segments which include type of mode, type of range,
applications and geography. The total value for Wireless Charging Market is expected to reach $15.2 Billion by 2020
with a CAGR of 48.68%. The wireless
charging equipment market has been prominently segmented on the basis of type
of mode and range they serve. Under type of mode, the wireless charging equipment market has been classified into three
broad categories: inductive mode which uses electromagnetic induction, resonant
mode which uses electro magnetic resonance and frequency mode which uses different
waves like radio, micro and ultrasound. Under the range category this market
has been further segmented into three segments: short range, medium range and
long range
Subsequently, the wireless charging market has been exhaustively covered on the basis
of its applications. This section covers the market for wireless charging under different product segments such
as automotive, consumer electronics, industrial products, health care devices
and many others. Each of these product segments are further classified into
several type of devices to offer an extensive overview of the market.
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The market is majorly driven by increasing sales
of smartphones across the geographic regions. Since the consumer electronics market is the major end user industry of wireless charging equipment, the occurrence
in the market would directly impact the wireless
charging market as well. As of 2014, nearly 117 million wireless charging enabled smartphones were
shipped and this number is likely to grow exponentially till 2020. This market
is predominantly dominated by the inductive charging products as a result price
of wireless charging products are
stable from 2012. But, these prices are projected to decline in forecast period.
The main reasons for the price fall are introducing of resonant products
commercially, increasing the usage of products and entering of new players into
this market. Due to these factors to withstand in the competition the inductive charging products manufacturers
will decrease their margins to grab the untapped market.
The core products involved in wireless charging equipment are
transmitter and receiver which are manufactured by the notable players in the
market. Since different manufacturers are involved in manufacturing, the
products OEMs need to adhere with the harmonization standard for compatibility
with each other. WPC and PMA+A4WP are working to develop harmonized standards
within the industry and as of now are competing to gain critical market share
among users individually.
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