Market World Wireless Charging Market | Page 2

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. Defence and healthcare are anticipated to surface as one of the most promising application sectors over the forecast period. Continuous efforts in research and development at Stanford University has resulted in a new way to charge sensors wirelessly in addition cybernetic implants, making way for new generation ultra-small gadgets that can penetrate deep inside the body. Standard Insights Few Associations such as WPC and PMA specialize in inductive technology, and A4WP’s Rezence is specialized in resonant technology. However, in June 2015, PMA announced its merger with A4WP and PMA and named it Air Fuel Alliance in November 2015. Hence, WPC and its Qi platform was the sole effective platform for inductive technology. The merger proved to simplify decision making for hardware developers relieving them from the task of complying with three different standards. However, the combined body of A4WP and PMA poses few technical challenges. Qi, similar to PMA, uses closely connected inductive solution in addition to the newly added specification that employs resonance technology and provisions backward compatibility for Qi receiver devices such as laptops, smartphones and tablets. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/wireless-charging-market Technology Insights Latest technology including resonant and radio frequency (RF) is anticipated to materialize into one of the attractive technologies in the industry. Resonant technology is portable and doesn’t require a direct contact thus providing convenience to customers. It also assists in powering devices within small distances. Multiple- device charging in a single go is also a feature of RF-based technology. Owing to its ability to eliminate alignment in case of small devices such as medical implants and wearables, RF-based technology is projected to achieve some prominence over the forecast period. On account of its perceived advantages, several organizations including Humavox have been heavily investing in this technology. Nearly 50% of the overall share by revenue was contributed to by inductive technology which is relatively older to others. Inductive technology is employed by leading standards and technologies such as PMA and WPC which use Qi technology. Inductive has thereby spurred market growth significantly in 2014. Additionally, Electric Vehicles (EVs) also employ inductive technology for charging purposes.