Market research Future

  Market Scenario Wireless power transmission is not a new concept to this world, it was founded in early 1891 when Nikola Tesla demonstrated the wireless power transmission model to this world without any use of wires. Today, Wireless Charging have various technology such as Inductive Coupling, Capacitive Coupling, RF among others. High demand for Smartphones High demand for the smartphones are one of the major driving factor for the market of wireless charging. Consumer electronic segments accounted for 31.53% of market share in the global wireless charging market where Smartphones segment accounted for 51.46% of total market share. Increasing disposable income around the world is leading to the high expenditure on the electronic products which includes purchase of smartphones and wearable devices. A study shows that the total shipment of smartphones around the was estimated to be at 1.5 billion in the year 2016 which is expected to grow at 2 billion shipments by the end of year 2023