Published on : Feb 10, 2017
Albany, New York, February 10, 2017: Due to the various advancements in technology, wireless technology is gaining a huge momentum in every electronic product. Among various products, one of the most required product among consumers are wireless chargers. According to a recent study, the global market of wireless chargers is expected to grow steadily with a very strong CAGR of 26.13%, by the end of 2021. The study titled, “Global Wireless Chargers Market 2017-2021” has been recently added to the massive archive of Market Research Hub’s research offerings. Geographically, the report majorly highlights some of the key regions which include APAC, Americas, Europe and Rest of the World.
The main aim of the study is to analyze the future growth prospects of the market by covering its market landscape. Currently, one of the crucial factors contributing to this market progress is the increasing demand for mobile devices. The report also includes details on market trends, drivers as well as challenges for the better understanding of the market.
Most of the individuals today prefer having a wireless charger along with them. Also, global wireless chargers market has been beholding the increasing adoption of wireless power technology due to its major advantages. Initially, the report describes the scope of the wireless charger in the global market along with its introduction and market segmentation. Wireless chargers are mainly a vital part of the wireless charging system. Wireless charging is defined as charging of any electronic device battery without using any cords and cables constitutes. Also, charging batteries without the cables ensures convenience, safety and durability of the products.
Additionally, the report states that with the use of electronic devices growing in every consumer application, it has now become a necessity which offers improved convenience with better battery life to the devices. Furthermore, the report segments the market on the basis of application and technology. By technology, it covers:
- Inductive coupling technology
- Magnetic resonance technology
- Radio frequency technology and others
On the other hand, by applications, the market is divided into consumer electronics, automotive & others. Currently, the section of consumer electronics accounted holds the largest market share. In terms of geography, APAC accounted for the maximum market share during 2016 and also will continue to maintain its dominance in the coming years. Moving further, the report also discusses about the major drivers that are propelling the growth of the market. It includes:
- Increased use of electric vehicles
- Increased inclination of food chains toward Powermat and charging points
- Increased capability to charge multiple devices
- Rise in the global freights of smartphones and tablet PCs
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Furthermore, list of leading vendors in the global market are also mentioned:
- Energizer Holdings
- Powermat Technologies
Other prominent vendor are Leggett and Platt, Texas Instruments, Procter & Gamble, Fulton Innovation, UBeam, Anker, Wisepower etc.
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