Global Wireless Chargers Market Exhibit to Grow Steadily at a CAGR of 26.13% During the Period 2017-2021
The report "Global Wireless Chargers Market 2017-2021," has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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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:
Other prominent vendors are Leggett and Platt, Texas Instruments, Procter & Gamble, Fulton Innovation, UBeam, Anker, Wisepower etc.
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