BANGALORE, India, Feb. 28, 2020
BANGALORE, India, Feb. 28, 2020 /PRNewswire/ -- Wireless charging is the transfer of energy from a power source to a device, without wires. Wireless charging devices consist of a charging station (or transmitter) transmitting the energy, and a receiver (integrated inside a device) receiving the energy and charging the battery.
The increase in sales of electric vehicles (EVs), the steady growth of the demand for portable electronics and wearables and the regular need to collect ambient RF energy are expected to drive the market for wireless charging during the forecast period. In addition, extensive research into far-reaching wireless charging technologies and the emerging Internet of Things (IoT) is expected to offer lucrative opportunities in the near future.
The Wireless charging market is segmented into technology, industry, and region. The technology segment is further divided into inductive, resonant, Radiofrequency (RF), and others. Based on the region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In 2017, the global wireless charging market was estimated at USD 5.22 Billion and is projected to hit USD 71.21 Billion by 2025, at a CAGR of 38.7 per cent between 2018 and 2025.
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TRENDS INFLUENCING THE WIRELESS CHARGING MARKET SIZE
REGION WISE WIRELESS CHARGING MARKET SHARE ANALYSIS
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Key Benefits for Stakeholders
WIRELESS CHARGING MARKET SEGMENTATION
The market is segmented on the basis of technology, industry vertical, and geography.
BY INDUSTRY VERTICAL
Other players in the value chain include (profiles not included in the report)
SIMILAR REPORTS :
● WIRELESS ELECTRIC VEHICLE CHARGING MARKET
The charging market for wireless electric vehicles (EV) is projected to reach USD 1,478.4 Million by 2025 from USD 21.8 Million in 2017, with a CAGR of 22.4 per cent from 2018 to 2025.
The wireless charging industry for electric vehicles is focused on transferring energy from a power source to a consuming system without wires or cables. By removing the use of physical connectors and cables, it offers reliable, cost-effective charging over conventional charging systems. With the increase in trend and emphasis on autonomous ridesharing, wireless electric vehicle charging size will increase and become the most viable option for the OEMs or the autonomous fleet operators.
The market segmentation is based on power source, installation, Distribution channel, vehicle type, and region to give an in-depth analysis.
● ELECTRIC VEHICLE CHARGING SYSTEM MARKET
The global market size of the electric vehicle charging system was estimated at $3.18 billion in 2018 and is projected to reach USD 66.27 Billion by 2026, representing a 45.6 per cent CAGR from 2019 to 2026.
Asia-Pacific has accounted for the largest share in 2018 and is expected to maintain its lead in the global market for electric vehicle charging systems over the forecast period. Electric Vehicle Charging market is segmented on the basis of product type, mode of charging, charging voltage level, and region to give an in-depth review.
This study provides an empirical representation of the market analysis of the global electric vehicle charging system along with current trends and potential forecasts to depict the imminent pockets of the investment.
● AUTOMOTIVE INDUCTIVE WIRELESS CHARGING SYSTEMS MARKET
The demand for Automotive Inductive Wireless Charging Systems was estimated at USD 28 Million in 2018 and is projected to reach USD 700 Million by 2025, at a CAGR of 49.5 per cent over the forecast period.
This report presents the global market size of Automotive Inductive Wireless Charging Systems (value, output, and consumption), splits the breakdown by manufacturers, area, form, and application (data status 2014-2019 and forecast to 2025). This research also analyzes the industry status, market share, growth rate, future trends, market dynamics, opportunities and challenges, risks and barriers to entry, sales channels, distributors and Porter's Five Forces Analysis.
● WIRELESS CHARGING IC MARKET
The demand for Wireless Charging IC was estimated at USD 2180 Million in 2018 and is projected to reach USD 7500 Million by 2025, at a CAGR of 19.3 per cent over the forecast period. Asia Pacific was the world's largest market for Wireless Charging IC, with a share of more than 70 percent in 2017.
This report presents the worldwide market size of the Wireless Charging IC (value, output, and consumption), splits the breakdown (2014-2019 data status and forecast to 2025), by manufacturers, area, form, and application.
● IN-CAR WIRELESS CHARGING MARKET
The global market for In-Car Wireless Charging in 2018 was USD 1700 Million and is expected to reach USD 22400 Million by the end of 2025, rising at a CAGR of 38.0 per cent between 2019 and 2025.
The report studies and analyzes the global market size (value & volume) of In-Car Wireless Charging by the enterprise, key regions/countries, products and applications, history data from 2014 to 2018 and forecast to 2025. The report focuses on the key global manufacturers of In-Car Wireless Charging to define, describe and analyze the sales volume, value, market share, competitive market landscape, SWOT analysis and development plans in the coming years.
● PHONES WIRELESS CHARGING MARKET
This study focuses on the volume and value of Phones Wireless Charging at global, regional and enterprise level. This study reflects the overall size of the Wireless Charging market for phones from a global perspective by examining historical data and future prospects. The study focuses regionally on several main regions: North America, Europe, China and Japan.
● COPPER FOIL FOR WIRELESS CHARGING MARKET
The study provides a list of all the key players on the wireless charging market in Copper Foil along with a detailed analysis of the strategies that the companies are implementing. The approaches include mainly new product development, analysis, and development, and also provide revenue reports, business history, and recent company innovations to remain competitive in the marketplace.
● CONSUMER ELECTRONICS WIRELESS CHARGING MARKET
In general, wireless power transfer is used in electronic devices, such as smartphones, tablets, wearable electronics, and portable devices. Such a rise in the adoption of an effective charging system for portable and wearable electronics, which could potentially increase the device's longevity, is expected to ensure significant growth in the wireless charging market for electronics.
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