© 2016 Global Market Insights, Inc. USA. All Rights Reserved Wireless Charging Market to grow at 13% CAGR from 2017 to 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Wireless Charging Market size is set to exceed USD 14 billion by 2024; as per a research report published by Global Market Insights, Inc. Wireless Charging Market  Growing demand of the technology across the automotive sector owing to rising pollution concerns as well as depleting fossil fuels is expected to drive the wireless charging market over the forecast timeline. Manufacturers have recognized that consumers are increasing their spending capacity and are ready to invest in premium products. Several automotive manufacturers such as Audi, BMW, Daimler and Toyota are actively researching the technology.  A huge opportunity for the technology exists in the highly automated & connected industries, as the battery power is a vital factor in several industrial applications. Wireless charging in industrial settings helps reduce the risk of explosions caused by stray sparks which occur during the connection and disconnection of current carrying power cables. In industrial applications of unmanned systems and robotic vehicles which require high voltages of electricity to operate efficiently, the technology is providing a consistent. Key Insights from Wireless Charging Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Resonant technology accounted for more than 25% of the wireless charging market share in The technology does not require direct contact for charging of devices and allows several devices to be charged simultaneously. It has a competitive advantage over the inductive technology as it offers wireless transfer of power at a long range for multiple devices. The technology is anticipated to become more widely available at coffee-shop tables and in offices under the desks.  Healthcare is a promising application segment for the wireless charging market. The usage of medical implants in advanced medical therapies for a variety of chronic conditions is growing, with the ability to safely charge such devices opens new opportunities to several treatment options thereby driving the wireless charging market growth. Moreover, wireless charging technology is offering its end-users the ability to extend the lifetime of an implant as the battery can be recharged, and can also eliminate the battery need in some cases. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Browse Full Market Research Report On Wireless Charging Request for a Sample of this Research

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The players operating in the wireless charging market include WiTricity Corporation, Integrated Device Technology, Inc., Texas Instruments, Inc., Qualcomm Inc., Energizer Holdings, Inc, PowerbyProxi Ltd., Powermat Technologies, Powercast Corporation among others. The industry is extremely competitive in nature, which has led several manufacturers to develop and commercialize several key technologies that are implemented in smart devices and contribute towards the end-user demand.  Companies are licensing their product portfolio which include patent rights, and which are beneficial in the manufacturing and distribution of wireless charging products. Moreover, several vendors are extending their businesses to emerging markets such as Asia Pacific and MEA as the North America wireless charging market appears to be comparatively mature in terms of infrastructural development. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. wireless charging market, by technology, 2016

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Industry Coverage

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  By Technology Inductive wireless charging market accounted for majority of the global share in 2016 as it is an advanced and preferred technology for EVs and electronic devices as compared to other technologies. Inductive technology is being used for charging devices such as iPods, laptops, MP3 players, tablets, smartphones, and other devices, which need high power.  By Application Consumer applications accounted for more than 55% of the overall wireless charging market share in With the rising application of wireless charging in several commercial spaces, the industry is witnessing an enhanced demand for the technology from consumers. The industry has been gaining traction over the last few years as several businesses are implementing the technology. Manufacturers are placing a high focus on providing a hassle-free charging user-experience. Development in the IT & telecom sector coupled with the increase in number of netizens will be particularly beneficial for the wireless charging market.  Competitive Market Share Major players operating in the industry include Integrated Device Technology, Inc., WiTricity Corporation, Texas Instruments, Inc., Convenient Power Ltd., Qualcomm Inc., Murata Manufacturing Co. Ltd., Energizer Holdings, Inc, Leggett & Platt Inc., Mojo Mobility, Inc., PowerbyProxi Ltd., Powermat Technologies and Powercast Corporation among others. 360° Analysis

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