Unequaled CAGR % To Increase Wireless Power Receiver Market Trends Share In The Forecast Period

Wireless Power Receiver Market Trends

The global wireless power receiver market is presumed to register a remarkable CAGR during the assessment period (2016-2022) owing to the growing smartphone industry, asserts Market Research Future (MRFR). Wireless power receiver can be referred to a product which helps in receiving the power for a product wirelessly. For instance, Apple Smart Watch and Galaxy S6 smartphone are products designed to help transmit electrical energy without the help of any cables or wires.

Drivers and Constraints Impacting the Market

With the increasing smartphone industry and growing consumer awareness, the global market for wireless power receiver is considered to foster during the assessment period. Smartphone companies are also heavily investing in their research and development activities, which is further driving the market. The increased use of electronics and the constant need to power them has resulted in the adoption of wireless power receiver across the globe. Moreover, technological advancements and growing smartphone industry are some of the other key factors considered to augment the market growth.

On the flip side, high cost of such wireless power receivers is likely to impede the market growth during the estimated period.

Industry Segments

The market for wireless power receivers have been segmented on the basis of application and technology. The segmentation on the basis of technology comprises of capacitive coupling, inductive coupling, and others. The application type of industry includes healthcare, automotive, aerospace and defense, industrial and consumer electronics which are additionally divided into tablets, smartphones, and wearable devices among others.

Detailed Regional Analysis

The market’s region wise study includes regions such as Asia Pacific, Europe, North Americas, and Rest of the World. The Asia Pacific holds largest market share globally. The North American market is considered the second biggest market for Wireless Power Receivers with a rapidly growing market size since the year 2015 and is anticipated to be the second biggest market by the end of year 2022.The European market is expected to follow the North American market in terms of the growth levels for this particular market.

Global Competitive Analysis

Due to the productive potential of this market, the candidates in the industry are targeting to grow their market share by using of major assets to enable growth transformations which will be good for the long run transformation of the sector. This approach is promising for the volume driven growth of the industry. The assorted products will intensify the demand levels of the sector which will lead to rapid growth of the market. The industry is preserving the growth potential of the market by way of constant ongoing advances and supporting financial flexibility to spend in the finest strategies when they arise.

Few of the important players in this market are Texas Instruments Inc. (U.S.), Samsung Electronics Co Ltd. (South Korea), NXP Semiconductors (Netherlands), Integrated Device Technology, Inc. (U.S.) and Powermat Technologies Ltd (Israel).

Industry Updates:

Jan 2018 Powercast Corp. and Energous Corp. have been recently certified by the FCC to deliver wireless charging which powers-over-distance. The wireless systems use numerous technologies that include power management, analog, RF, digital, and software. Powercast has had its FCC-approved (FCC Part 15) and ISED-approved 3W PowerSpot transmitter that operates in the far field for over-the-air charging of multiple devices for which no charging mats or direct line of sight is required. They also offers a PowerSpot subassembly that customer goods producers can incorporate into their own products. The PowerSpots can charge multiple enabled devices around them.s

Feb 2018 Plux has launched a 10W fast charging Qi-compatible multi-device charging pad large which is sufficient for an iPhone, AirPods and an Apple Watch. The company comes fresh off a recently funded company, the pad also comes with a stand converter that enables the use of Face ID and Nightstand Mode.

More Information@

Wireless Power Receiver Market Research Report- Global Forecast 2022 | MRFR

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