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Wireless Charging Market - Forecast (2020 - 2025)

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  • 111 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 3339502
Wireless Charging Market Overview:

According to the findings by Forbes, 50.8% of the global population has access to the Internet which translates to 4 billion Internet users.  This figure largely attributes to the growing mobile phone users across the globe – a number that was already a whopping 7.512 billion according to World Bank in 2016, and the figure has been incessantly increasing since then. Now, these mobile users open up the market for wireless charging that generated a market revenue of nearly $20 billion in 2018, according to this market research report. Furthermore, the analyst predicts the wireless charging market to grow at a staggering CAGR of 30% over the course of the forecast period of 2019 to 2025.

Now, China alone has more than 800 million Internet users, 98% of whom are mobile users, according to a survey by Forbes. Considering that China has a major share in mobile phones market, and the production of consumers electronics is more in Asian countries, APAC tops the regional wireless charging market share with nearly 32%, according to the publisher’s electronics market analyst.

Wireless Charging Market Analysis

Wireless chargers work on electromagnetic induction through a charging station. It finds a gamut of applications in various sectors such as automobile, healthcare, and industries. However, predominantly, it is used in consumers’ electronics in which it will observe the application CAGR of 25% through to 2025.

Wireless Charging Market Growth Drivers:

The Rise in Electric Vehicle and Its Future Prospects –

The vehicular pollution has become a major cause of diseases caused by air pollution. Now, this is creating a global demand for the electric vehicle. Now, according to the IEEE Transportation Electrification Community,  wireless charging will be incorporated in all the electric vehicles in order to reduce the risk of exposure to humans. Furthermore, according to the World Bank, the need for electric mobility in China, the U.S., and Europe is catapulting. India is also going to receive $300 million in aid from World Bank for electric vehicle production. These factors will consequently propel the global wireless charging market in the automotive industry.

The Implantable Medical Devices Leveraging Wireless Charging –

According to the American Association of Retired Persons (AARP),  the market of implantable medical devices holds a very important place in the healthcare sector. These devices that are used as hip, knee or heart implants are now using a wireless charger, which is further bolstering the wireless charging market.

Wireless Charging Market

Wireless Charging Market Challenges:

The major challenge dwarfing the wireless charging market revenue is the slower charging rates and expensive technology. Furthermore, wireless charging is not efficient in distant charging which defeats the purpose of the same. However, technological advancements are envisioned to improve the speed of charging by reducing transfer losses.

Wireless Charging Market Key Players Perspective:

Convenient Power HK Limited is the market leader in wireless charging systems since 2009, and it has 60 wireless charging patents to its name. The company had also launched the first China smartphone wireless charging in association with Gionee. Such mergers are anticipated to be a trick of the trade in the market during a foreseeable future.

Some other key players in the wireless charging market are Energizer Holdings, Inc., Integrated Device Technology, Inc, Leggett & Platt, Murata Manufacturing Co., Ltd., Powerbyproxi Ltd., Powermat.

Wireless Charging Market Trends –

Apple had acquired New Zealand-based wireless charging company PowerbyProxi in October 2017 for an undisclosed sum of money. The acquisition attributes to Apple’s vision for providing simplified charging.

PowerSphyr acquired Gill Electronics – a Californian wireless charging company in order to facilitate the development of advanced wireless power solutions.

Integrated Device Technology, Inc., which is one of the market leaders in wireless charging, is to be acquired by Renesas Electronics Corporation in approximately $6.7 billion.

Wireless Charging Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the wireless charging market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of wireless charging market, and their specific applications in consumers’ electronics, EV, and other industrial and healthcare applications.

Wireless Charging Market Report: Industry Coverage

Along with radio wave wireless charging, resonant and micro wave wireless chargers are other offerings by the key marketing players.  On the basis of standard, the wireless charging market can be further segmented into WPC, PMA, A4WP, and Open Dots.

The Wireless Charging market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico

South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

Middle East and Africa: Israel, South Africa, Saudi Arabia

Table of Contents

1. Wireless Charging Market - Overview
1.1. Definitions and Scope
2. Wireless Charging Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Wireless Charging Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Wireless Charging Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Wireless Charging Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share
6. Wireless Charging Market – By Standards (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Wireless Power Consortium (WPC) QI Data Protocol QI Specifications
6.3.2. Power Matters Alliance (PMA) +Alliance for Wireless Power (A4WP)
6.3.3. Open dots Alliance
7. Wireless Charging Market – By Type (Market Size -$Million / $Billion)
7.1. Inductive Coupling Charging
7.2. Resonant Charging
7.3. Radio Wave Charging
7.4. Microwave Charging
7.5. Laser Beam Charging
8. Wireless Charging Market – By Range (Market Size -$Million / $Billion)
8.1. Short range (< 50mm)
8.2. Medium range (< 4M)
8.3. Long range (>4M)
9. Wireless Charging Market – By Applications (Market Size -$Million / $Billion)
9.1. Consumer electronics
9.1.1. Smartphones
9.1.2. Tablets
9.1.3. Wearable Devices
9.1.4. Laptops
9.1.5. Tooth Brushes
9.1.6. Others
9.2. Automobile
9.2.1. Electric Vehicle Charging
9.2.2. In vehicle Charging
9.3. Healthcare
9.3.1. Medical wearable Glucose monitor Hearing Aids Smart glasses Others
9.4. Industrial
9.4.1. Cordless Power Tools
9.4.2. RFID Tags
9.4.3. Machinery
9.4.4. Robots
9.4.5. Others
10. Wireless Charging - By Geography (Market Size -$Million / $Billion)
10.1. Wireless Charging Market - North America Segment Research
10.2. North America Market Research (Million / $Billion)
10.2.1. Segment type Size and Market Size Analysis
10.2.2. Revenue and Trends
10.2.3. Application Revenue and Trends by type of Application
10.2.4. Company Revenue and Product Analysis
10.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
10.3. Wireless Charging - South America Segment Research
10.4. South America Market Research (Market Size -$Million / $Billion)
10.4.1. Segment type Size and Market Size Analysis
10.4.2. Revenue and Trends
10.4.3. Application Revenue and Trends by type of Application
10.4.4. Company Revenue and Product Analysis
10.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
10.5. Wireless Charging - Europe Segment Research
10.6. Europe Market Research (Market Size -$Million / $Billion)
10.6.1. Segment type Size and Market Size Analysis
10.6.2. Revenue and Trends
10.6.3. Application Revenue and Trends by type of Application
10.6.4. Company Revenue and Product Analysis
10.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
10.7. Wireless Charging – APAC Segment Research
10.8. APAC Market Research (Market Size -$Million / $Billion)
10.8.1. Segment type Size and Market Size Analysis
10.8.2. Revenue and Trends
10.8.3. Application Revenue and Trends by type of Application
10.8.4. Company Revenue and Product Analysis
10.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
11. Wireless Charging Market - Entropy
11.1. New product launches
11.2. M&A's, collaborations, JVs and partnerships
12. Wireless Charging Market Company Analysis
12.1. Market Share, Company Revenue, Products, M&A, Developments
12.2. Device Technology
12.3. WiTricity Corporation
12.4. Texas Instruments
12.5. Convenient Power Ltd.
12.6. Qualcomm Inc.
12.7. Murata Manufacturing Co. Ltd.
12.8. Energizer Holdings
13. Wireless Charging Market -Appendix
13.1. Abbreviations
13.2. Sources