Global Wireless Charging market size is forecasted to reach $37.2 billion by 2022, growing at an estimated CAGR of 44.7% from 2016 to 2022. Wireless charging is the transmission of energy without wires or cables from a power source to a consuming device. Wireless charging technologies comprise a charging station (or transmitter) that transmits the energy, and a receiver (integrated inside a device) that receives the energy and charges the battery. It is a reliable, convenient, and safe technology to power and charge electrical devices. In addition, it provides multiple efficient, cost-effective, and safety advantages over the traditional charging systems by eliminating the use of physical connectors and cables. Wireless charging maintains continuous transfer of power to ensure all varieties of devices (hand-held industrial devices, smartphones, heavy-duty equipment, and many more) are charged and readily available to use at a moment’s notice.
The market holds a great potential in electronics and automotive industries. Presently, most of the wireless charging stations for electric vehicles (EVs) have incorporated inductive charging technology. Automotive giants are entering into partnerships with providers in wireless charging market to integrate it in their EVs. For instance, Mercedes partnered with BMW and announced that its next-gen Mercedes S-Class plug-in hybrid electric vehicle (PHEV) employs wireless charging, and is expected to arrive in the summer of 2017. At present, automotive industry has the highest wireless charging market share owing to its growing adoption and need of efficient charging systems.
The leading smartphone manufacturing companies such as Samsung, Apple, and Google have initiated to design built-in wireless charging reception, thereby driving the market for wireless charging transmitters. For instance, Apple is expected to launch its next-generation smartphone-iPhone8 in late 2017 with wireless charging. Thus, the increased adoption of wireless charging technology in portable electronics and electric vehicles is expected to propel its demand in the years to come.
Wireless charging technology delivers multiple benefits over traditional cable connectors such as high efficiency, safety advantages, more reliability, and faster speed. It is becoming more mainstream as more companies begin to integrate the technology into their devices (smartphones, tablets, and smart wearables). Places such as Ikea and Starbucks have also started introducing wireless charging pads into their facilities. As advancements continue to be made, wireless charging is projected to become more ubiquitous and convenient.
The growth in demand for wireless charging technology in industries such as electronics, industrial, healthcare, and others is anticipated to drive the growth of the market. However, high implementation cost and engineering challenge faced while incorporation of wireless charging circuitry into a slim phone are expected to restrain the growth of the market.
The market is segmented on the basis of technology, industry vertical, and geography. Based on wireless charging technology, it is divided into inductive, resonant, radio frequency (RF), and others (laser and microwave). Inductive charging have the highest wireless charging market share in 2015. However, R&D projects on advance wireless charging technologies such as radio frequency (RF), laser, and microwave is estimated to boost their growth in the wireless charging market forecast. The market BY INDUSTRY VERTICAL comprises electronics, automotive, industrial, healthcare, and aerospace & defense. Geographically, the market is segmented as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players profiled in this report are Samsung Electronics Co., Ltd., Qualcomm Incorporated, Texas Instruments, Inc., Integrated Device Technology, Inc., Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings, Inc., Murata Manufacturing Co. Ltd., Sony Corporation, Fulton Innovation LLC, and others.
The study provides an in-depth analysis of the wireless charging market with current and future trends to elucidate the imminent investment pockets in the market
The report provides information regarding key drivers, restraints, and opportunities with impact analysis
Porter’s Five Forces model analysis of the industry illustrate the potency of the buyers and suppliers of the market
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain
The market is segmented on the basis of technology, industry vertical, and geography.
Others (Laser and Microwave)
BY INDUSTRY VERTICAL
Aerospace & Defense
Rest of Europe
Rest of Asia-Pacific
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
184.108.40.206. Ascending sales of electric vehicles (EVs)
220.127.116.11. Constantly evolving portable electronics and wearables market
18.104.22.168. Technology being expensive to integrate and comparatively slower charging
22.214.171.124. Harvesting ambient RF energy becoming a necessity
3.2.2. Top winning strategies
3.2.3. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Industry rivalry
3.4. MARKET PLAYER POSITIONING, 2015
3.5. VALUE CHAIN ANALYSIS
3.6. MARKET DYNAMICS
126.96.36.199. Ascending sales of electric vehicles (EVs)
188.8.131.52. Constantly evolving portable electronics and wearables market
184.108.40.206. Harvesting ambient RF energy becoming a necessity
220.127.116.11. Technology being expensive to integrate and comparatively slower charging
18.104.22.168. High research in far-field wireless charging technologies
22.214.171.124. Trending internet of things (IoT)
126.96.36.199. Certification problem faced by greater distance and higher power rated wireless charging units
188.8.131.52. Wireless charging not being compatible with the existing electronic devices
CHAPTER 4 WIRELESS CHARGING MARKET, BY TECHNOLOGY
4.1.1. Market size and forecast
4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
4.4. RADIO FREQUENCY (RF)
4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size and forecast
4.5. OTHERS (LASER AND MICROWAVE)
4.5.1. Key market trends
4.5.2. Growth factors and opportunities
4.5.3. Market size and forecast
CHAPTER 5 WIRELESS CHARGING MARKET, BY INDUSTRY VERTICAL
5.1.1. Market size and forecast
5.2.1. Key market trends
5.2.2. Growth factors and opportunities
5.2.3. Market size and forecast
5.3.1. Key market trends
5.3.2. Growth factors and opportunities
5.3.3. Market size and forecast
5.4.1. Key market trends
5.4.2. Growth factors and opportunities
5.4.3. Market size and forecast
5.5.1. Key market trends
5.5.2. Growth factors and opportunities
5.5.3. Market size and forecast
5.6. AEROSPACE & DEFENSE
5.6.1. Key market trends
5.6.2. Growth factors and opportunities
5.6.3. Market size and forecast
CHAPTER 6 WIRELESS CHARGING MARKET, BY GEOGRAPHY
6.2. NORTH AMERICA
6.2.1. Key market trends
6.2.2. Growth factors and opportunities
6.2.3. Market size and forecast
184.108.40.206. Market size and forecast
220.127.116.11. Market size and forecast
18.104.22.168. Market size and forecast
6.3.1. Key market trends
6.3.2. Growth factors and opportunities
6.3.3. Market size and forecast
22.214.171.124. Market size and forecast
126.96.36.199. Market size and forecast
188.8.131.52. Market size and forecast
184.108.40.206. Market size and forecast
6.3.8. Rest of Europe
220.127.116.11. Market size and forecast
6.4.1. Key market trends
6.4.2. Growth factors and opportunities
6.4.3. Market size and forecast
18.104.22.168. Market size and forecast
22.214.171.124. Market size and forecast
126.96.36.199. Market size and forecast
6.4.7. South Korea
188.8.131.52. Market size and forecast
184.108.40.206. Market size and forecast
6.4.9. Rest of Asia-Pacific
220.127.116.11. Market size and forecast
6.5.1. Key market trends
6.5.2. Growth factors and opportunities
6.5.3. Market size and forecast
6.5.4. Latin America
18.104.22.168. Market size and forecast
6.5.5. Middle East
22.214.171.124. Market size and forecast
126.96.36.199. Market size and forecast
CHAPTER 7 COMPANY PROFILES
7.1. SAMSUNG ELECTRONICS CO., LTD.
7.1.1. Company overview
7.1.2. Operating business segments
7.1.3. Business performance
7.1.4. Key strategic moves and developments
7.2. QUALCOMM TECHNOLOGIES, INC.
7.2.1. Company overview
7.2.2. Operating business segments
7.2.3. Business performance
7.2.4. Key strategic moves and developments
7.3. TEXAS INSTRUMENTS INC.
7.3.1. Company overview
7.3.2. Operating business segments
7.3.3. Business performance
7.3.4. Key strategic moves and developments
7.4. INTEGRATED DEVICE TECHNOLOGY, INC.
7.4.1. Company overview
7.4.2. Operating business segments
7.4.3. Business performance
7.4.4. Key strategic moves and developments
7.5. POWERMAT TECHNOLOGIES LTD.
7.5.1. Company overview
7.5.2. Operating business segments
7.5.3. Key strategic moves and developments
7.6. WITRICITY CORPORATION
7.6.1. Company overview
7.6.2. Operating business segments
7.6.3. Key strategic moves and developments
7.7. ENERGIZER HOLDINGS, INC.
7.7.1. Company overview
7.7.2. Operating business segments
7.7.3. Business performance
7.7.4. Key strategic moves and developments
7.8. MURATA MANUFACTURING COMPANY, LTD.
7.8.1. Company overview
7.8.2. Operating business segments
7.8.3. Business performance
7.8.4. Key strategic moves and developments
7.9. SONY CORPORATION
7.9.1. Company overview
7.9.2. Operating business segments
7.9.3. Business performance
7.9.4. Key strategic moves and developments
7.10. FULTON INNOVATION LLC
7.10.1. Company overview
7.10.2. Operating business segments
7.10.3. Key strategic moves and developments
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Wireless charging is a reliable, convenient, and safe technology to power and charge electrical devices. Rise in sales of electric vehicles (EVs), advancement in portable electronics & wearables market, and necessity to harvest radio frequency (RF) energy are the factors that drive the growth of the market. However, technology being expensive to integrate and comparatively slower charging restrain the market growth.
Inductive charging technology is an innovative and most preferred EV and electronic device charging technique as compared to other wireless charging technologies. Inductive wireless charging is anticipated to drive the market significantly by 2022, maintaining its dominance in the market. On the other hand, other technologies such as radio frequency (RF), microwave, and laser are expected to exhibit a faster growth, owing to its accurate sensing of the object feature.
Wireless charging technology has its penetration in wide range of industries such as electronics, automotive, industrial, healthcare, and aerospace & defense. In 2015, wireless automotive industry segment held 36.2% market share in the overall wireless market size. The manufacturers of EVs are incorporating wireless charging technology to maintain a competitive advantage. The aerospace & defense is expected to be the fastest growing segment, growing at a CAGR of 46.2%, due to the increased investment in the wireless charging market by players, as it increases the durability of the device.
Wireless charging market share of Asia-Pacific was highest in 2015, i.e., 36.4%. However, Europe emerged as a prime region for wireless charging with a high growth rate, exhibiting an increased demand due to rapid rise in electric vehicles and smartphone. In addition, Europe's largest semiconductor chip makers are entering into partnership with wireless power technology providers to develop integrated circuits for wireless power transfer.
Key findings of the Wireless Charging Market study:
In the year 2015, inductive wireless charging accounted for the highest share of 57.3% in the overall market
Upcoming wireless charging technologies such as radio frequency (RF), microwave, and laser are expected to exhibit a faster growth
Automotive industry contributed over 36.2% of the overall market in 2015, and is expected to grow with a CAGR of 45.2% during the forecast period
LAMEA is expected to be the fastest growing wireless charging market, and is expected to grow at a CAGR of 48.2% during the forecast period
Several prominent players operating in the wireless charging market adopted partnership as their key strategies. Companies such as Texas Instruments, Inc., Qualcomm Incorporated, and Samsung Electronics Co., Ltd. have introduced innovative and technologically advanced products to capture more market share. Prominent companies profiled in the report include Sony Corporation, Integrated Device Technology, Inc., Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings, Inc., and others.
- Samsung Electronics Co., Ltd.
- Qualcomm Incorporated
- Texas Instruments, Inc.
- Integrated Device Technology, Inc.
- Powermat Technologies Ltd.
- WiTricity Corporation
- Energizer Holdings, Inc.
- Murata Manufacturing Co. Ltd.
- Sony Corporation
- Fulton Innovation LLC
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