Global Wireless Charging Market 2016-2020
- ID: 3517353
- December 2015
- Region: Global
- 50 pages
Market outlook of the global wireless charging market
The market research analyst predicts the global wireless charging market to grow at an impressive CAGR of more than 33% by 2020. The augmented adoption of wireless computing devices like tablets and smartphones will necessitate the need for wireless charging devices as they help in charging devices wherever and whenever required; thus, eliminating the need for charging cables.
The integration of wireless charging for smartphones in automobiles will drive market growth during the forecast period. With the integration of wireless charging pads in automobiles, the consumer no longer needs to keep a charger in the car or worry about plugging their device into the vehicle. Since this technology is estimated to become prevalent across all vehicle segments during the forecast period, their augmented incorporation in all variants of automobiles will lead to market growth.
Application-based segmentation of the wireless charging market
- Consumer electronics
- Electric vehicles
In this market study, The analysts have estimated the consumer electronics segment to be the largest market segment during the estimated period. Much of this segment’s growth can be attributed to the proliferation of devices like smartphones, tablets, portable PCs, and wearable electronics, which require frequent charging for optimal performance.
Geographical segmentation of the wireless charging market
The market research analysts have estimated the Americas to account for more than 36% of the total market share by 2020. The growing awareness of wireless power technology among consumers and the increase in adoption of wireless charging for industrial applications are the two critical factors that propel market growth in this region during the estimated period.
Competitive landscape and key vendors
This market is highly competitive and is characterized by the presence of large players and start-ups like Ubeam. Since the global wireless charging market is still in its development stage, the vendors in this market try to gain prominence by offering high-quality, affordable products to consumers. To survive and succeed in this market, the vendors have to distinguish their products and service offerings through a clear and unique value proposition.
The key vendors in this market are -
Other prominent vendors in the market include Anker, Energizer Holding, LS Cable & System, Oregon Scientific, Pure Energy Solutions, Texas Instruments, Wisepower, and Leggett and Platt.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global wireless charging market?
- What are the key market trends impacting the growth of the wireless charging market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global wireless charging market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the wireless charging market?
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PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by application
- Global wireless charging market segmentation by application
PART 07: Geographical segmentation
- Global wireless charging market 2015-2020 by region
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 14: Key vendor analysis
- Duracell Powermat
- Fulton Innovation
PART 15: Appendix
- List of abbreviations
PART 16: About the Author
Exhibit 01: Product offerings
Exhibit 02: Global wireless charging market
Exhibit 03: Comparison of four major wireless charging technologies 2014
Exhibit 04: Global wireless charging market 2015-2020 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global wireless charging market segmentation by application 2015-2020
Exhibit 07: Global wireless charging market segmentation by application ($ billions)
Exhibit 08: EVs market share by countries 2014
Exhibit 09: Global wireless charging market 2015-2020 by region
Exhibit 10: Global wireless charging market 2015-2020 by region ($ billions)
Exhibit 11: Global wireless charging market for wearable devices 2016-2020 ($ millions)
Exhibit 12: Impact of drivers
Exhibit 13: List of key standards for wireless charging 2014
Exhibit 14: Impact of drivers and challenges
Exhibit 15: Bestselling EVs of 2014
Exhibit 16: Duracell Powermat: Product segmentation 2014
Exhibit 17: Fulton Innovation: Product segmentation 2014
Exhibit 18: WiTricity: Product segmentation 2014
Exhibit 19: Qualcomm: Geographical segmentation by revenue 2014
Exhibit 20: Qualcomm: Business segmentation by revenue 2014
Exhibit 21: Qualcomm: Business segmentation by revenue 2011-2014 ($ billions)
New Report Released: – Global Wireless Charging Market 2016-2020
The author of the report recognizes the following companies as the key players in the Global Wireless Charging Market: Duracell, Fulton, Qualcomm and WiTricity
Other Prominent Vendors in the market are: Anker, Energizer Holding, LS Cable & System, Oregon Scientific, Pure Energy Solutions, Texas Instruments, Wisepower, and Leggett and Platt.
Commenting on the report, an analyst from the research team said: “The global wireless charging market is likely to grow significantly in the future because of certain emerging trends. One such trend is the increased adoption of wireless EV charging, which necessitates wireless technology. The high growth potential of wireless charging has compelled many automobile companies to implement wireless charging systems for EVs and plug-in hybrid electric vehicles (PHEVs).”
According to the report, the increase in virtualization and cloud computing on mobile devices has led to the proliferation of smarter, faster, and more powerful mobile devices offering advanced applications to support networking. As a result, usage of multiple cellphones and other mobile devices like tablets and music players has increased. However, despite the increased operational efficiency of these devices, battery chargers play a major role in their operation. Therefore, the need for conventional chargers to keep such devices functioning increases.
Further, the report states that the main challenge faced by the market is the increase in the cost of the final device integrating wireless charging. Unlike regular chargers, the key components used in the manufacturing of wireless chargers are expensive, adding to the overall manufacturing costs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.