Future wire and cable industry will end its business

In recent years, the world's first wirelessly charged electric bus, developed by South Korea, has entered the testing phase. As major players in the global electronics industry increasingly invest in wireless charging technology, it has become more advanced and reliable. This raises an intriguing question: could the growing popularity of wireless charging eventually bring an end to the era of wires? Laziness has often been the driving force behind human innovation. It seems that the way people seek convenience aligns perfectly with scientific progress. Over the past few years, data transmission has evolved from wired connections to infrared devices, then to Bluetooth technology, and now to cloud-based solutions. Wireless charging is now becoming a part of everyday life, breaking free from the limitations of traditional cables. As a result, the use of physical data lines is gradually declining. Although wireless charging may seem like magic, its underlying principles are not new. There are currently two main types of wireless charging technologies: electromagnetic induction and electromagnetic resonance. The former works through electromagnetic induction, offering high power efficiency but limited charging distance—typically less than 1 cm. It is commonly used in charging pads available on the market. The latter operates similarly to sound wave resonance, allowing energy transfer over distances of up to 3-4 meters using low-frequency electromagnetic waves. According to reports, the global wireless charging market was valued at $4.5686 billion in 2011 and is expected to reach $7.16 billion in 2017. That represents a compound annual growth rate of 57.46% between 2012 and 2017, showing just how fast this technology is gaining traction. With such promising growth, international tech giants are competing fiercely in the wireless charging market. To accelerate development, Samsung and Qualcomm formed the Wireless Power Consortium. Other members include EverWin Industries, Gill Industries, Peiker Acustic, Powermat Technologies, and SK Telecom from South Korea. As wireless charging continues to advance, one day it might completely replace wired connections. The economic impact of this shift would be significant. Currently, wireless charging is mainly used for low-power devices such as smartphones, laptops, and home lighting. In 2012, the global production of mobile phones and PCs reached 1.75 billion and 350 million units, respectively. Assuming an average cost of 15 yuan per data cable and 30 yuan per PC power cable, the annual value of these cables could reach nearly 36.7 billion yuan. If applied to the home lighting market, the savings could be even greater. According to data from the Ministry of Construction, by the end of 2012, the total completed housing area in China was 1.03 billion square meters. With an average of 600 meters of BV1.5 wire used per house, and a price of 150 yuan per meter, the annual reduction in wire usage could be around 6 billion yuan. No longer a distant dream, the transition out of the "wire era" is becoming a reality. The next chapter in our technological journey will be the "age of wireless power." The era of wires and cables may soon come to an end, marking a new milestone in modern civilization.

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