Wireless Power Receiver Market – Overview
With the advent of technology, Consumer electronic products are witnessing a rapid revolutionary trend in last few years. Wearable devices are one of the emerging sector where wireless devices has created impact. Additionally, near field technologies are gaining a huge traction and is expected to remain trending technologies over the assessment period. Globally, the Wireless Power Receiver market is presumed to have a significant growth over the forecast period. The major driving factors for the growth of the market include rising awareness of electric vehicle in advanced economies particularly in Europe where the countries are concerned on sustainable development and increase in demand for wireless connectivity. On the other hand, non-standardized and uncertified products which lead to poor quality and non-durable product are expected to hinder the growth of the Wireless Power Receiver Market over the forecast period.
Some of the major players in Global Wireless Power Receiver Market include 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, are profiled in MRFR Analysis and are at the forefront of competition in the global Wireless Power Receiver market.
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June 2018, WiTricity, one of the leading provider in wireless power, revealed 530e iPerformance the first-ever wireless charging-enabled hybrid electric vehicle (HEV) to be installed in BMW as a wireless charging system. The German government has strategized and adopted an incentive and investment program to promote a switch to electric vehicles (EVs) and a necessary Europe-wide ban on ICE cars by 2030. WiTricity has patented the technology which offers to drive EVs and HEVs that can be charged on a charging pad on the ground.
April 2018, Yamaha has unveiled a new series of products supporting MusicCast to provide wireless sound to 5.1 channel home theatre setup. The product include advanced receivers (AVR), which consists of the RX-V485, RX-V585 and the RX-V685 ($649.95). All of these compatible to deliver wireless sound to both rear channels and a subwoofer.
Wireless Power Receiver Market – Segmentation
Segmentation by Technology: Near-Field Technologies and Far-Field Technologies.
Sub-Segment by Near-Field Technologies: Inductive technology, Magnetic Resonance Technologies, and Capacitive Coupling/Conductive.
Sub-Segment by Far-Field Technologies:Microwave/RF, and Laser/Infrared
Segmentation by Application: Smartphones, Tablets, Wearable Electronics, Notebooks, Electric Vehicle Charging, Industrial and Other Consumer Electronics.
Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World
Wireless Power Receiver Market – Regional Analysis
Geographically, the Wireless Power Receiver market are categorized into four regions namely North America, Europe, Asia Pacific, and Rest of the World.
North America is expected to dominate the global Wireless Power Receiver market with the largest market share in the region. The U.S and Canada are the leading countries are leading countries in the region. The market growth is due to increase in number of wireless charging market. Asia Pacific is considered to be the fastest growing region in the Wireless Power Receiver. China, Taiwan, South Korea, Japan, India are leading countries in the region. The market growth is attributed to proliferation of smartphones and smart devices due to rise in disposable income.
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