Wireless Power Transmission Market (2015-2020) - Valued at $0.72 Billion in 2014 & Is Expected to Grow at a CAGR of 51.5%

Jan 27, 2016, 07:10 ET from Research and Markets

DUBLIN, Jan. 27, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/xmmbfj/wireless_power) has announced the addition of the "Wireless Power Transmission Market - Global Trend & Forecast to 2020" report to their offering.

The wireless power transmission market is estimated to reach $13.11 Billion by 2020.

The consumers are experiencing the wireless connectivity in many devices such as smartphones, tablets, laptops, PCs, MP3 players, and in many others. The wireless devices offer the users the freedom of mobility, quick and easy connectivity, and user friendly operations. Therefore, the users prefer to use wireless devices in their daily lives.

The APAC region accounted for the largest share in the wireless power transmission market in 2014, and it is further estimated to grow at the highest CAGR between 2015 and 2020. The large demand for consumer electronics devices and quick adoption of advanced technologies in consumer devices are expected to drive the market for the APAC region.

One of the key restraining factors for the growth of this market is the lack of common standards restricting the growth of the market. The wireless power transmission is majorly achieved with induction and or by magnetic resonance techniques.

The existence of different charging standards results in confusion for the component providers, OEMs, and customers, in terms of standard adoption. However, in the near future, with the establishment of the common standards; the impact of this restraint would diminish, thereby resulting in the market growth.

The wireless power transmission is usually criticized for its short power transmission range and low-power efficiency. The wireless charging range is very limited (especially in induction technology), the user needs to put the device on the charging pad while charging; this means the user lacks the portability.

Companies Mentioned:

  • Integrated Device Technology, Inc.
  • NXP Semiconductors N.V.
  • Nucurrent Inc.
  • Powerbyproxi, Ltd.
  • Powermat Technologies Ltd.
  • Qualcomm Inc.
  • Samsung Electronics Co. Ltd.
  • TDK Corporation
  • Texas Instruments Inc.
  • Witricity Corporation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market Analysis, By Technology

8 Market Analysis, By Implementation

9 Market Analysis, By Receiver Application

10 Market Analysis, By Transmitter Application

11 Market, By Geography

12 Competitive Landscape

13 Company Profiles

For more information visit http://www.researchandmarkets.com/research/xmmbfj/wireless_power

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



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