The wireless charging market is now estimated to be worth up to US$71 billion in 5 years
Wireless charging is already prominent in the smartphone industry, where most examples of premium devices produced within it (at least) are expected to feature this spec as added value. However, a new market research report on this subject suggests that the market for this technology might in fact be driven at least as much by (of all things) cars in the future.
Indeed, it is increasingly feasible that electric vehicles may charge off enlarged wireless pads rather than cables in the next few years. This may help the market for the power-delivery types in question (which are defined here as the radio frequency (RF), inductive, resonant, laser and microwave modalities) grow from a worth of $5.22 billion in 2017 until it attains as much as $71.21 billion by 2025.
Given that it has included RF, the new report also seems to incorporate truly wireless charging, which does not even need stations or pads to work. It projects that the wireless charging market may also benefit from applications in PCs, internet of things (IoT) and wearables.
The major companies that may deliver the technology in question are likely to include Energizer Holdings, Integrated Device Technology, Murata, Qualcomm, Samsung, Texas Instruments, Powermat Technologies, WiTricity and Sony.