Global Wireless Charging Market

Wireless charging can be broadly categorized into two types depending upon proximity of distance between transmitter and receiverand range of devices. Further, these two types can be sub-segmented into six sub categories such as radio charging, inductive charging and resonance charging are included under proximity of distance between transmitter and receiver and high range, mid-range and low range are included under range of devices. On the basis of application,the global wireless charging market is segmented intoconsumer electronics, medical healthcare, automobile & aerospace, defence and industrial automation. On the basis of geographical target market, itis segmented into North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and Middle East & Africa.

Companies engagedin the development of wireless charging technologies are in the process of resolving compatibility issues associated with charger and charging points. Manufacturers of different handheld devices, prominently HTC, Nokia and LG, are already in the process of manufacturing wireless chargeable smartphones and tablets. The market experts are focusing on the development of standard wireless charging technology, which will be commonly useful for the advanced devices of various applications such as medical, and semiconductors.

Some of the global key players in the wireless charging market include Convenient Power HK Ltd., Murata Manufacturing Co. Ltd., Integrated Device Technology, Inc., Texas Instruments, Inc., Duracell Powermat, Oregon Scientific, WiTricity Corporation and Energizer Holdings, Inc.Most of these companies are interested to enter into the wireless charging market with the plan to establish a brand name. The wireless charging market of North America appears to be comparatively mature than Asian market, in terms of infrastructural development. Countries with lower GDP may face economic issues to generate the demand.High price is one of the major challenges of this market and it should be taken care of.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.