(PRWEB) November 09, 2013
According to a new market research report “Wireless Charging Market (2012-2017) – Global Forecast and Analysis by Technology (Inductive, Magnetic Resonance, Radio Frequency (RF), Microwave, Optical Beam), Products (Pads and Receivers for Smartphones), Applications (Smartphones, Industrial, Medical, Military, Electric Vehicles)," the total wireless charging market is expected to reach $7.161 billion by 2017 at a CAGR of 57.46% from 2012 to 2017.
Browse over 70 market data tables and in-depth TOC on “Wireless Charging Market” http://www.marketsandmarkets.com/Market-Reports/wireless-charging-market-640.html.
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Japan ranks first in the wireless charging market. The market of North America will take a couple of years to grow due to the slow acceptance of the concept of wireless charging. The consumers are yet in the learning curve of the concept and will take time to accept this new technology.
The wireless charging technology is in the developing firmament and the consumers need to be aware of the benefits of the technology. Wireless charging products started being commercially available from 2010 and gained momentum in 2011. Since this is a new technology, consumers are trying to compare the conventional wired chargers and Universal Serial Bus (USB) cords with wireless charging solutions. The benefits need to be shown to the consumer for him/her to adapt to it. The consumer electronics application has the highest potential for mass adoption; the consumers need to be made aware of the existence of the technology.
Wireless charging has its applications across the industrial as well as the consumer electronics sector. Most of all these applications are in the growth phase and have huge potential in the near future. The applications are measured on the basis of their adoption potential versus their market potential and significance.
The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the wireless charging market and related applications market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro- and micro-markets with respect to North America, Europe, Asia-Pacific, and ROW.
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