Wireless Power Receiver Market – Overview
Increased focus on consumer electronics has been one of the main factors driving the wireless power receiver industry. Market Research Future which focuses in market reports related to the semiconductors and electronics sector amongst others lately published a report on this industry. The market is anticipated to develop at an exceptional CAGR while attaining a good revenue share in the forecast period. Wireless Power Receiver Market to Provide over USD 1.1 Billion revenue by 2022
Increased rate of R & D in this sector has been instrumental to the growth of the market. Consumer demand has been rising these days steadily due to expectation for more refined technology and better devices. The need for easy charging options have increased this markets demand further.
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.
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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 Wireless Power Receiver Market t 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).
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.
Feb 2018 The company, Boss have lately revealed that their new guitar amplifier which is called the Katana-Air. The product has been labeled as the world’s first wireless guitar amplifier. The guitar amplifier is entirely wireless, and doesn’t involve plugging the guitar into power outlets or cables to attach your guitar to the amp.
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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.
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