Global Wireless Charging Market Registering A CAGR of 41.79% Between 2019 And 2024

 
FREMONT, Calif. - April 29, 2020 - PRLog -- According to a new market intelligence report by BIS Research titled 'Global wireless charging Market − Analysis and Forecast, 2019-2024 (https://bisresearch.com/industry-report/global-wireless-charging-market.html)', the global wireless charging market was valued at $3.82 billion in 2018 and is projected to reach $33.48billion by 2024, registering a compound annual growth rate (CAGR) of 41.79% between 2019 and 2024.

BIS Research Reports: https://bisresearch.com/industry-report/global-wireless-charging-market.html

Wireless charging takes place when energy is transferred as electromagnetic waves from a transmitter to a receiver. Inductive wireless charging is currently the usual adopted solution for wireless charging and accounted for approximately 100% of the global wireless charging market in 2018. This is largely because of the greater consumer inclination for more efficient and fast charging capability of inductive charging.

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Companies such as Samsung Electronics Co. Ltd., Google LLC, LG Electronics Inc., Microsoft Corporation, Apple Inc., and Motorola Inc., have already incorporated wireless charging in the smartphones. Additionally, the establishment of New Jersey-Based-Wireless Power Consortium (WPC, a multinational technology consortium, estb.2008) has been a landmark development in the wireless charging market, as it has paved the way for the manufacturers to get their products certified, which are then accepted on a global scale.

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

What distinguishes BIS Research from the rest of the players is that we don't simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

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