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Wireless Charging Market Report Forecasts Steady Growth by 2022

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Chicago, IL -- (SBWIRE) -- 09/21/2016 -- According to the report, "Global Wireless Charging Market By Technology (Induction, Magnetic Field Resonance), End-users (Consumer Electronics, Industrial, Automotive, Defense & Aerospace), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America) Report Forecast - 2014 To 2022", the market for wireless charging is expected to grow at a healthy Compound Annual Growth Rate (CAGR) during the forecast period.

The global wireless charging market report provides a detailed analysis of the market share, segmentation, key players, major drivers, and restraints. It offers in-depth understanding of the growth trends and revenue forecasts for the market.

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According to the wireless charging market report, the global market is expected to witness steady growth during the forecast period. The report attributes this strong growth of the market to the strong rise in demand for effortless and user-friendly charging options for the electric vehicles and electronic devices. Rapidly advancing technologies and the strong demand from the emerging markets are also some of the key driving factors for this market. Eco-friendly batteries, renewable energy sources, intelligent power management systems, and smart charging devices are also expected to create strong growth opportunities for the market.

The wireless charging market report segments the global market by the types of technologies, end-users, and the major geographic regions. The technologies covered in this report include magnetic field resonance and induction. The major end-user segments include automotive, industrial, consumer electronics and aerospace & defense. The major geographic regions covered in the report include Asia-Pacific, North America, Latin America, Europe and Middle East and Africa. The Asia-Pacific region is expected to emerge as the fastest-growing region in this market. The rising demand for electric devices and advancing technologies are the major driving factors.

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The major restraining factors for the wireless charging market include lack of awareness towards the advantages of wireless charging technology, limited adoption of the wireless technology, and huge capital investment. The key players enlisted in the wireless charging market report include Foxconn Technology Group, Integrated Device Technology, Inc., NXP Semiconductors N.V., PowerbyProxi, Inc., Powermat Technologies Ltd., Qualcomm Inc., Samsung Electronics Co. Ltd., Wi-Charge Ltd., WiTricity Corporation, and such others.

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