Global Wireless Power Revenue Expected to Reach $17.9B in 2024


Reading time ( words)

A new report from Navigant Research analyzes the global market for wireless power across seven applications, with global market forecasts, segmented by region, receiver and transmitter application, and technology, through 2024.

The increased reliance on electronics and the need to power them is expected to drive the adoption of wireless power, despite challenges associated with consumer awareness and competing industry standards. More than 100 million mobile phones are expected to be integrated with wireless charging functionality in 2015, and growth is expected to continue, as technology enables more power and greater freedom while current inroads create network effects that make future adoption more attractive. Click to tweet: According to a new report from Navigant Research, global wireless power revenue is expected to grow from $1.3 billion in 2015 to $17.9 billion in 2024.

“Wireless power is starting to gain widespread adoption in mobile phones, which in turn is slowly pushing the adoption of wireless power functionality in automobiles and public spaces,” says Benjamin Freas, senior research analyst with Navigant Research. “However, the expansion of wearable electronic devices and Internet of Things (IoT) devices coupled with technological advances are poised to transform the market.”

Inductive coupling is the predominant wireless power technology currently in the market, according to the report, although it is limited in the amount of power and spatial freedom provided. Magnetic resonance addresses these limitations, though its commercialization has been delayed, with products expected to hit the market by the end of 2015.

The report, Wireless Power, examines the global market for wireless power, with a focus on mobile consumer electronics, appliances and stationary consumer electronics, automotive, and industrial, military, and medical applications. The study analyzes the current market conditions and technology issues and trends that affect the adoption and success of wireless power systems. Global market forecasts, segmented by region, receiver and transmitter application, and technology, extend through 2024. The report also examines the key technologies (inductive power, magnetic resonance, radio frequency, or RF, power transmission, ultrasound, infrared, and microwave) and applications related to wireless power systems, as well as the competitive landscape.

Share

Print


Suggested Items

CES 2020: The Intelligence of Things

01/06/2020 | Nolan Johnson, I-Connect007
Show week for CES 2020 starts well ahead of the actual exhibition dates because it is huge. The organizers of CES state that there are more than 4,400 exhibiting companies and nearly three million net square feet of exhibit space. On the floor, you can find 307 of the 2018 Fortune Global 500 companies. Over the week, I-Connect007 Editors Dan Feinberg and Nolan Johnson will bring you some of the most interesting news, products, and announcements from 5G to IoT, semiconductor developments, autonomous vehicle technology, interconnect, fabrication materials, and much more.

NASA Sounding Rocket Technology Could Enable Simultaneous, Multi-Point Measurements — First-Ever Capability

10/21/2019 | NASA
NASA engineers plan to test a new avionics technology — distributed payload communications — that would give scientists a never-before-offered capability in sounding rocket-based research.

For Climbing Robots, the Sky's the Limit

07/15/2019 | NASA
Robots can drive on the plains and craters of Mars, but what if we could explore cliffs, polar caps and other hard-to-reach places on the Red Planet and beyond? Designed by engineers at NASA's Jet Propulsion Laboratory in Pasadena, California, a four-limbed robot named LEMUR (Limbed Excursion Mechanical Utility Robot) can scale rock walls, gripping with hundreds of tiny fishhooks in each of its 16 fingers and using artificial intelligence (AI) to find its way around obstacles.



Copyright © 2020 I-Connect007. All rights reserved.