Global Market Revenue for Wireless Charging to Rise

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By nearly factor of 40 by 2018

Global Market Revenue for Wireless Charging to Rise
Global Market Revenue for Wireless Charging to Rise

Propelled by the rising availability of products and partial resolution of standards conflicts, the global market for wireless charging hardware used for mobile devices like smartphones and tablets will surge to rise by almost fortyfold during the next five years. Revenue from shipments of wireless power transmitters and receivers will expand to $8.5 billion in 2018, up from just $216 million in 2013, according to IHS Technology. Revenue this year will increase by 264 percent to reach $785 million, as presented in the attached figure.

"Makers of smartphones and tablets increasingly are integrating wireless power functionality directly into their products," said Ryan Sanderson, associate director and principal analyst for wireless power at IHS Technology. "Meanwhile, conflicts over standards are being resolved, removing a major barrier to widespread adoption. For consumers, this means easier charging of their mobile devices and the elimination of pesky power cables." These findings are contained in the report, "Wireless Power Report - 2014," from the Power & Energy service at IHS.

Posted on March 19, 2014 - (171 views)
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