Wireless Charging Industry Estimated To Develop At A
Substantial CAGR Forecast 2022
“Wireless Charging Market size was valued at USD 1.87 billion in 2014 and is
expected to reach USD 22.25 billion by 2022. Latest technology including
resonant and radio frequency (RF) is anticipated to materialize into one of the
attractive technologies in the industry.”
Industry Insights
The global Wireless Charging Market size was valued at USD 1.87 billion in 2014 and is expected to reach USD
22.25 billion by 2022. Future growth opportunities seem to positive on account of increasing adoption of
consumer electronic devices such as laptops and smartphones that employ the new technology of wireless
charging. Rising need for wireless and hassle-free methods to power different devices amongst end users in
industrial sectors including healthcare, automotive, defence and industrial markets is expected to propel market
growth in the next eight years. This market is in the growing phase and is observed to experience a wide range
of innovations and provide several opportunities to new entrants. In order to improve existing operations and
functionalities, heavy investments are made by major market players on research and development. Key
emphasis is laid on enhancing and refining the power transmission range that can enable wireless charging of
devices for long distances.
Application Insights
Nearly 60% of the overall revenue share was occupied by consumer electronics in 2014. Unavailability of electric
sockets at public places and the need to eliminate the trouble caused by wired chargers are expected to trigger
growth in this market over the forecast period and gain prominence.
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