Global Wireless Charging Market To Exceed USD 20 Billion By 2024

Wireless Charging Market

Wireless charging market is expected to grow beyond USD 20 billion by 2024. Elimination of cables allows clutter-free charging, which has impelled the consumption levels. Another growth driving factor for the global market includes the growing demands for smartphones, specifically in India, China, and South Korea. The rise in infrastructural development, digitization, and network communications has also driven the growth. Moreover, rising demands across the automotive industry on account of the increased sales of electric vehicles is also a key market driver. The global market is segregated as applications, technologies, and regions.

The application sector includes defense, consumer, automotive, healthcare, and industrial. The consumer application sector led the global market and is expected to generate a revenue share of more than USD 16 billion by 2024. Rising demands for wireless chargers is likely to augment the segment. The healthcare sector is projected to be the most lucrative application sector, with a CAGR of over 38 % over the forecast period (from 2016 to 2024).

The technology sector comprises resonant, Radio Frequency (RF), and inductive. Inductive wireless charging market led the overall technology sector, particularly in the automotive industry, in 2015. However, this technology is inconvenient for a multi-device ecosystem since it permits just a single device to be charged per coil. The RF technology sector is expected to exceed USD 3.5 billion by 2024 growing at a CAGR of over 45 % from 2016 to 2024. This is mainly because it eradicates the necessity for appropriate alignment in case of any small devices.

Regionally, the United States occupied over 30 % of the total revenue in 2015. High tendency to spend on these devices because of the high levels of technological awareness and advancements are anticipated to favorably impact the market growth. In addition to this, significant technological proliferation across various application sectors is also likely to be a key growth driver. The Asia-Pacific wireless charging market is projected to reach USD 12 billion by 2024 growing at a healthy CAGR of over 35 % during the estimated years.

The major companies in the global market include WiTricity Corp.; PowerbyProxi Ltd.; Qualcomm Inc.; and Integrated Device Technology Inc. (IDT). New players generally work together with technology providers and then launch their products. However, huge set-up costs may pose a challenge to these new companies that want to establish and develop their market presence.

US Wireless Charging Market Report 2017-2022 : Industry Trends and Analysis

DecisionDatabases.com announces a new report “2017-2022 United States Wireless Charging Market Report (Status and Outlook)” added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.

The Wireless Charging market size will be XX million (USD) in 2022 in United States, from the XX million (USD) in 2016, with a CAGR (Compound Annual Growth Rate) XX% from 2016 to 2022.

Browse Full Report with TOC @
http://www.decisiondatabases.com/ip/16023-united-states-wireless-charging-market-analysis-report

In United States market, the top players include many company. With key sales data like sales (volume), revenue, market share for top players, such as
• Samsung
• Ergo(AirCharge)
• BEZALEL
• FONE
• IOttie
• Lenmar
• Gill Electronics
• NXP Semiconductors
• Humavox
• Semtech Corporation
• Integrated Device Technology, Inc.

Split by product types/category, covering many types. with sales, revenue and market share for each type, such as
• Residential use
• Commercial use

Split by applications/end use industries, covers many application. This report focuses on sales, market share and growth rate of Wireless Charging in each application, such as
• Receiver Applications
• Transmitter Applications

Download Free Sample Report of United States Wireless Charging Market @
http://www.decisiondatabases.com/contact/download-sample-16023

Table of Contents – Snapshot
1 Market Overview
2 United States Wireless Charging Sales, Revenue (Value) and Market Share by Vendors/Manufacturers
3 United States Wireless Charging Sales, Revenue (Value) by Type and Application (2012-2017)
4 United States Wireless Charging Vendors/Manufacturers Profiles and Sales Data
5 Production Cost Analysis of Wireless Charging
6 Value Chain, Purchasing Strategy and Downstream Buyers
7 Marketing Strategy Analysis, Distributors/Traders
8 Market Influences Factors Analysis
9 United States Wireless Charging Market Forecast (2017-2022)
10 Research Findings and Conclusion
11 Appendix

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Other Related reports –
2017-2022 China Wireless Charging Market Report (Status and Outlook) @
http://www.decisiondatabases.com/ip/16020-china-wireless-charging-market-analysis-report

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