Description :
Global Wireless Charging market size is forecasted to reach $ 37.2 billion by 2022 , growing at an estimated CAGR of 44.7 % from 2016 to 2022 . Wireless charging is the transmission of energy without wires or cables from a power source to a consuming device . Wireless charging technologies comprise a charging station ( or transmitter ) that transmits the energy , and a receiver ( integrated inside a device ) that receives the energy and charges the battery . It is a reliable , convenient , and safe technology to power and charge electrical devices . In addition , it provides multiple efficient , cost-effective , and safety advantages over the traditional charging systems by eliminating the use of physical connectors and cables . Wireless charging maintains continuous transfer of power to ensure all varieties of devices ( hand-held industrial devices , smartphones , heavy-duty equipment , and many more ) are charged and readily available to use at a moment ’ s notice .
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The market holds a great potential in electronics and automotive industries . Presently , most of the wireless charging stations for electric vehicles ( EVs ) have incorporated inductive charging technology . Automotive giants are entering into partnerships with providers in wireless charging market to integrate it in their EVs . For instance , Mercedes partnered with BMW and announced that its next-gen Mercedes S-Class plug-in hybrid electric vehicle ( PHEV ) employs wireless charging , and is expected to arrive in the summer of 2017 . At present , automotive industry has the highest wireless charging market share owing to its growing adoption and need of efficient charging systems .
Smartphone market growth in different geographical regions : estimated values The leading smartphone manufacturing companies such as Samsung , Apple , and Google have initiated to design built-in wireless charging reception , thereby driving the market for wireless charging transmitters . For instance , Apple is expected to launch its next-generation smartphone-iPhone8 in late 2017 with wireless charging . Thus , the increased adoption of wireless charging technology in portable electronics and electric vehicles is expected to propel its demand in the years to come .
Wireless charging technology delivers multiple benefits over traditional cable connectors such as high efficiency , safety advantages , more reliability , and faster speed . It is becoming more mainstream as more companies begin to integrate the technology into their devices ( smartphones , tablets , and smart wearables ). Places such as Ikea and Starbucks have also started introducing wireless charging pads into their facilities . As advancements continue to be made , wireless charging is projected to become more ubiquitous and convenient .
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