Pune, India -- (SBWIRE) -- 11/16/2017 -- Wireless Power Receiver Market Competitive Analysis

Characterized by the presence of well-established players; Wireless Power Receiver market appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets. Marketers employ a continuous improvement strategy to analyze and update the software, implementing improvements and launching new technologies to meet the changing needs of consumer. These manufactures develop a well-established infrastructure that allows seamless implementation of advanced technologies. They strive to develop unravel design and adept technology Heavy investments are transpired in R&D sector from the major players which is in turn helping the market to grow. In view of growth and immense revenue generation opportunities potential that market is currently demonstrating is in turn attracting several new players to enter the market. However, those new entrants find it challenging to survive in the market with the introduction of new technologies.

Samsung Electronics Co Ltd. (South Korea), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), NXP Semiconductors (Netherlands), Powermat Technologies Ltd (Israel), WiTricity Corporation (U.S.), PowerbyProxi (New Zealand), Qualcomm Inc. (U.S.), TDK Corporation (Japan), and Convenient Power HK Limited (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Wireless Power Receiver Global Market.

Industry News:

Sep.2017, Integrated Device Technology, Inc. (IDT) announced that IDT and Samsung have again collaborated to deliver fast wireless charging for Samsung's next-level Note device, the new Galaxy Note8, featuring Samsung's most advanced wireless charging capabilities to date.

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Wireless Power Receiver Market – Overview

Wireless Power Receiver perfectly suits wearable and mobile applications, including headsets, smartphones, smart watches, and portable medical devices. The Global Wireless Power Receiver Market is growing with the rapid pace mainly due to the burgeoning penetration of wireless-charging devices and advancements in technologies. According to a recent study report published by the Market Research Future, The market is booming and expected to gain prominence over the forecast period. The global Wireless Power Receiver market is estimated to accrue enormously by 2022 with a striking CAGR during 2016 and 2022.

World is changing, and due to the technological advancement, new products are coming into picture every day. Wireless Power Receiver is a product which helps to receive the power for a product wirelessly. The most relevant example for wireless power receiver are Galaxy S6 smartphone and Apple Smart Watch. These products are designed in such a way that it can help to transmit the electric energy without any wires or cables. Growing smartphone industry and increasing consumer awareness are few factors which is driving the market of Wireless Power Receivers. People prefer wireless-charging devices the most. As the penetration of myriad wireless-charging devices augments; demand for Wireless Power Receiver is bound to augment.

Transmitters designed for public infrastructure, such as those in the Hotel or a University are anticipated to observe rise in next six years as new, enabled products in the mobile phone and laptop markets fosters the demand for demand. Penetration of wireless power technology in to applications in consumer, industrial and medical sectors will provide impetus to the market growth during the forecasted period. Additionally, mobile phones, laptops and wearable devices are estimated to foster the market growth. Receiver unit sales are expected to upsurge with the increased demand.

Recently, some Researchers from North Carolina State University have developed a system that can simultaneously deliver watts of power and transmit data at rates high enough to stream video over the same wireless connection. By integrating power and high-speed data, a true single "wireless" connection can be achieved.

One of the most popular applications is in wireless cell phone charging pads. As many know, these unfortunately often require almost physical contact with the pad, limiting the usefulness of a truly 'wireless' power source. Recent work by several researchers have extended wireless power to 'mid-range' which can supply power at inches to feet of separation. While encouraging, most of the wireless power systems have only focused on the power problem and not the data that needs to accompany any of the smart devices today. Addressing those data needs cannot be overlooked.

Wireless power transfer technologies use magnetic fields to transmit power through the air. To minimize the power lost in generating these magnetic fields, you need to use antennas that operate in a narrow bandwidth – particularly if the transmitter and receiver are inches or feet apart from each other.

Because using a narrow bandwidth antenna limits data transfer, devices incorporating wireless power transfer have normally also incorporated separate radios for data transmission. And having separate systems for data and power transmission increases the cost, weight and complexity of the relevant device.

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Wireless Power Receiver Market Segments

The Wireless Power Receiver Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Technology: Comprises Inductive Coupling, Capacitive Coupling.

Segmentation By Application: Comprises Smartphones, Tablets, Wearable Devices, Consumer Electronics, Healthcare, Automotive, Aerospace, Defence, Industrial, and other.

Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Wireless Power Receiver Global Market – Regional Analysis

Globally, Asia Pacific holds largest market share. North America is the second largest market for Wireless Power Receivers with a substantial market size in the year 2015 and expected to be the second biggest market by the end of year 2022. Europe Wireless Power Receiver Market is expected to grow with a considerable CAGR.

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