Wireless Charging Market Driven by Electric Vehicle Trend in Thriving Automotive Industry

Wireless Charging Market Driven by Electric Vehicle Trend in Thriving Automotive Industry

 Wireless Charging Market Driven by Electric Vehicle Trend in Thriving Automotive Industry Wireless Charging the market size was around $6 billion to $7 billion in 2018 and its value is estimated to grow with a buoyant CAGR of 30% during the forecast period 2019-2025, consistent with a newly compiled business intelligence report from IndustryARC. The report is titled: “Wireless Charging Market: By Standards (WPC, PMA A4WP, Open Dots); By Type (Resonant, radio emission, Micro Wave, Others); By Range (Short, Medium, Long); By Applications (Consumer Electronics, Industrial, Automobile, Healthcare); By Geography – Forecast (2019-2025).” wide selection applications of wireless charging in consumer electronics, healthcare, automobile and industrial sectors are highlighted by the analyst of the report back to cater to continued demand within the near future.

Browse 74 Market Tables, 178 Figures spread through 230 slides and an in-depth TOC “Wireless Charging Market (2018 – 2023)”

Wireless Charging Market Product Analysis:

The future of mobility is clearly electric and autonomous. consistent with the International Energy Agency, the amount of on-road electric and plug-in hybrid cars exceeded 3 million in 2017, with China accounting for nearly the demand followed the US with 280,000 purchases. To sustain this the explosion of demand, charging infrastructure is paramount, and wireless charging are often the potential solution that gives convenience also as time-saving. The wireless world is widely adopted lately because it offers more convenience and luxury through cable-free charging to electronic devices. Thus, it eradicates the disturbance of connecting cables. Wireless charging is additionally referred to as inductive charging, which uses electromagnetic induction to enable the facility transmission between a transmitter and receiver as a neighborhood of the recent charging process.

Wireless Charging Market Companies – Latest Developments:

· Convenient Power HK Limited, Energizer Holdings, Inc., Integrated Device Technology, Inc, Leggett & Platt, Murata Manufacturing Co., Ltd., Powerbyproxi Ltd., Powermat Technologies, Qualcomm Incorporated, Texas Instruments Incorporated and WiTricity Corporation are identified by the IndustryARC report as a number of the main players before the curve within the global wireless charging market.

· In October 2018, Integrated Device Technology Inc. (IDT) introduced the automotive customer reference board (CRB). Marketing director of IDT’s Wireless Power Division said that this CRB will flourish the expansion of in-car device wireless charging. The new kit’s compact wireless power transmitter and receiver operate at almost 87% efficiency, which is that the best within the wireless charging marketplace as of now.

· Recently, Samsung launched a duo wireless charger pad which is capable and stylish in charging two Samsung smartphones, Galaxy S9 and Note9, simultaneously. it's also efficient enough in providing the fastest charging to Samsung smartphones and galaxy smartwatch through the usage of sophisticated IDT’s wireless charging technology. Vice-President and head of IDT’s Wireless Power The division said that it's an honor to urge accompany the Duo because it exhibited the innovative product with new standards in terms of convenience and performance thus it depicts the IDT excellence within the wireless power solutions

· In 2019, WiTricity Corporation a forerunner within the wireless power transfer market acquired Qualcomm Incorporated Halo Wireless Charging Assets. This acquisition enables automakers to hurry up the progress of wireless electric vehicle charging systems and also to support the efficient, cleaner, and safer urban mobility. By simply parking over wireless charging ground pads located reception, in garages, and public parking spots, EV drivers are going to be ready to recharge hands-free, without the necessity for any bulky cables, virtually eliminating the necessity to ever plugin.

 Wireless Charging Market Segment Analysis:

· Consumer electronics is that the primary application which holds a serious share within the wireless charging market and is projected to grow at an excellent CAGR of 25% over a forecast period 2019 – 2025. Smartphones, laptops, wearable electronics, and portable devices are utilizing wireless charging solutions more effectively and emerging at a faster pace.

· On the idea of the geographical analysis provided by the IndustryARC report, Asia-Pacific occupies the most important share of the pie, contributing about 32% of the entire demand within the global wireless charging market. Government support and regulations for the utilization of EVs to balance pollution and energy consumption is anticipated because of the prominent driver.

Wireless charging may be a creative solution which provides tons more comfort and convenience to the user within the technology evolving era. Increasing usage of consumer electronics and growing adoption of wireless charging in automotive applications will continue elevating the expansion of the wireless charging market within the near future. Related Reports: Wireless Electric Vehicle Charging (WEVC) Market: By Vehicle Type (Plug-in hybrid electric vehicles and Battery electric vehicles); By Charging Type (Stationary charging and Dynamic charging); By Components (Base charging pad, vehicle charging pad, and power control unit); By Manufacturing Type (OEM and Aftermarket); By Usage Type (Home charging and commercial charging) & By Geography – Forecast (2018 – 2023) Electric Vehicles (EV) Market: By Vehicle Type; By Battery Technology; By Component; By Wired Charging; By Wireless Charging; By Infotainment, By High Power Electronics; By Light Weighting Material; By HVAC, By Energy Harvesting; By Organic and versatile Electronics; By New Business Models; By Geography (Americas, Europe, Asia Pacific, RoW) Forecast (2018 – 2023)]

Conclusion- I even have felt that the wireless charging is sweet but they need some very negative points I feel that the wireless charging is that the slowest charging and once we charge anythings the energy is lost during the charging. I felt that massive improvements are often done when the wireless charging speed has been increased. wireless charging is going to be the longer term because within the future there's have less time for people to try to there work in order that they simply put the items on the wireless charging pads we've to enhance the wireless charging because it's our future. If you wish to read this text then share this text with friends or family who have an interest during this field. In my blog there also are some interesting news al; so available then go and skim all the tech et al. article to extend your knowledge