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Demand for Wireless Charging Systems Will Triple Over Next 8 Years

With wireless charging technology already here and fully functional, it’s only a matter of time before its costs of production fall to a low enough level to allow mass-adoption of the system. A recent study by Pikes Research suggests that the market for such systems will triple within the next 8 years.

The study does not only involve automobiles, but also mobile devices, electronics as well as industrial applications, and the revenues produced are expected to grow from the current $4.9 (€3.9) billion to an estimated $15.1 (€12.1) by 2020. However, despite the fact that the US is currently the largest market for such systems, it is clear that things will not remain this way for long, because by the year 2015, the Asia-Pacific region will surpass the US in the sector.
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