Wireless Power Receiver Market Snapshot

The world is changing, and due to the technological advancement, new products are coming into picture every day. Wireless Power Receiver is a product which helps to receive the power for a product wirelessly. The most relevant example for wireless power receiver are Galaxy S6 smartphone and Apple Smart Watch. These products are designed in such a way that it can help to transmit the electric energy without any wires or cables. Growing smartphone industry and increasing consumer awareness are few factors which is driving the market of Wireless Power Receivers. Global Wireless Power Receiver Market has been valued at US $XX million in the year 2015 and as the shipments around the world for the end products are increasing, it is expected that market will reach the market size of US $XX million by the end of forecasted period.

The global wireless power receiver market is presumed to register a remarkable CAGR during the assessment period (2016-2022) owing to the growing smartphone industry, asserts Market Research Future (MRFR). Wireless power receiver can be referred to a product which helps in receiving the power for a product wirelessly. For instance, Apple Smart Watch and Galaxy S6 smartphone are products designed to help transmit electrical energy without the help of any cables or wires.

The prominent players in the Wireless Power Receiver Market are-

Some of the key players in this market are: Samsung Electronics Co Ltd. (South Korea), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), NXP Semiconductors (Netherlands), Powermat Technologies Ltd (Israel), WiTricity Corporation (U.S.), PowerbyProxi (New Zealand), Qualcomm Inc. (U.S.), TDK Corporation (Japan), Convenient Power HK Limited (China) among others

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Wireless Power Receiver Market Segmentation:

The global wireless power receiver market has been segmented on the basis of technology, application, and region.

By mode of technology, the global wireless power receiver market has been segmented into capacitive coupling, inductive coupling, and others.

By mode of application, the global wireless power receiver market has been segmented into consumer electronics which comprise smartphones, automotive, tablets, wearable devices, industrial, aerospace and defense, healthcare, and others.

Wireless Power Receiver Market Regional Analysis:

Geographically, the wireless power receiver market span across regions namely, Asia Pacific, Europe, North America, and Rest-of-the-World.

Among all the regions, North America is estimated to dominate the global wireless power receiver market with the largest market share during the estimated period. The growth in this region is attributed to the increase in the number of wireless charging market. Also, with the presence of leading countries such as Canada and the United States, the market in this region is considered to expand at a remarkable rate.

Asia Pacific is considered to be the fastest growing region in the wireless power receiver market due to the presence of leading countries such as Taiwan China, Japan, South Korea, and India. Moreover, the proliferation of smartphones along with other smart devices owing to rise in disposable income is also considered to drive the market in this region.

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Wireless Power Receiver Industry News

One of the leading providers in wireless power, WiTricity has recently revealed 530e iPerformance, the first-ever wireless charging-enabled hybrid electric vehicle which is to be installed in BMW as a wireless charging system. The German government has adopted and strategized an investment and incentive program which will promote a switch to electric vehicles and a necessary Europe-wide ban on ICE cars by the end of 2030. WiTricity has also patented the technology which offers to drive HEVs and EVs which can be charged on a charging pad on the ground.

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