With the advancement in technology, new products are coming into picture every day. Wireless power receiver is a product which helps to receive the power for a product wirelessly. These products are designed such that electrical energy is transmitted without any wires or cables.

With the increased usage of electronics and the constant need to power them, led to the increased adoption of wireless power. The substantial growth in the field of mobile phone market continues to be the entry point for the increased adoption of wireless power. The commoditization phase for Wireless power receiver market has achieved especially for mobile phones.

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The overall efficiency of a wireless power system is the most important factor that determines its performance. The efficiency of a system measures the amount of power being transferred between the power source and the receiving device. This, in turn, determines the aspects such as charging speed and transmission distance. With the increasing sales of wireless charging transmitters, the proportion of end users who are interacting with the technology will raise over forecast period.

Technology has reached a level where wearable device can be charged with body heat is expected to be soon in the markets. This will be the next level in wireless power receiver.

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The wireless charging works on the principle of magnetic resonance or inductive power technology, which uses electromagnetic field to transfer electric current.