Wireless Charging Market, Led by US, To Reach $9.4 Billion by 2020, Technavio Says

The global wireless charging market will reach $9.4 billion by 2020, growing at a 33 percent compound annual rate, a Technavio report said Tuesday. Wireless charging growth is being driven by rising awareness of wireless power technology among consumers and increased adoption for industrial and health care applications, especially in the U.S., Technavio said. Market leaders are Integrated Device Technology, Intel and Qualcomm. U.S. OEMs such as Duracell Powermat are investing heavily in R&D infrastructure projects in shopping malls, transportation stations and restaurants, and CE vendors Apple, Google and Microsoft are investing significantly in wireless charging, it said. Google parent Alphabet plans to test its wireless charging technology for autonomous electric cars, analyst Sunil Kumar Singh said.