China Wireless Charger Market Size, Share & Trends Analysis Report by Technology (Inductive Coupling, Magnetic Resonance, and Radio Frequency Radiation), by Mobility (Static Wireless Charger and Mobile Wireless Charger) and by Application (Portable Electronic Devices, Automobile, Healthcare, and Others) and Forecast, 2019-2025.
China wireless charger market is estimated to grow considerably at a CAGR of 39.6% during the forecast period. The major factors that augment the market growth within China include the significant presence of consumer electronic devices manufacturers and automobile makers in the country. According to the International Trade Union Federation (ITUF), China is the largest producer of the world’s electronic and electronic components across the globe. Access to better infrastructure and a progressive government push for manufacturing has made the country competitive in international markets. Due to which, manufactured products constitute a significant share of the country’s trade. A substantial amount of China’s imports comprises of parts and components that are assembled into finished products, such as consumer electronic products and computers, and then exported. Owing to these facts, the nation is estimated to share the largest market share of the wireless charger in the Asia-Pacific.
China is exporting a larger number of smartphones across the globe. China has a significant market share in almost all major economies such as India, UK and so on. Due to this, several companies and research institutes are investing a significant portion of resources in the R&D program in mobile technology. Smartphone makers including Xiaomi have been focusing on the development of wireless charging technology and as a result, have launched some of the products in the segment. For instance, Xiaomi has launched a new wireless charger with universal support in 2018 only for the Chinese market.
The companies which are contributing to the growth of China wireless charger market include Aircharge, Huawei Technologies Co., Ltd., Panasonic Corp., Samsung Electronics Co., Ltd., and Tesla, Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in February 2019, Energous Corp. collaborated with vivo Global a Chinese technology company, to explore integrating WattUp into smartphone designs that charge wirelessly over-the-air. With this acquisition the company able to strengthen its position in the wireless charging industry.
Research Methodology:
The market study of the China wireless charger market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.
Market Segmentation:
1. China Wireless Charger Market Research and Analysis by Technology
2. China Wireless Charger Market Research and Analysis by Mobility
3. China Wireless Charger Market Research and Analysis by Application
The Report Covers:
China wireless charger market is estimated to grow considerably at a CAGR of 39.6% during the forecast period. The major factors that augment the market growth within China include the significant presence of consumer electronic devices manufacturers and automobile makers in the country. According to the International Trade Union Federation (ITUF), China is the largest producer of the world’s electronic and electronic components across the globe. Access to better infrastructure and a progressive government push for manufacturing has made the country competitive in international markets. Due to which, manufactured products constitute a significant share of the country’s trade. A substantial amount of China’s imports comprises of parts and components that are assembled into finished products, such as consumer electronic products and computers, and then exported. Owing to these facts, the nation is estimated to share the largest market share of the wireless charger in the Asia-Pacific.
China is exporting a larger number of smartphones across the globe. China has a significant market share in almost all major economies such as India, UK and so on. Due to this, several companies and research institutes are investing a significant portion of resources in the R&D program in mobile technology. Smartphone makers including Xiaomi have been focusing on the development of wireless charging technology and as a result, have launched some of the products in the segment. For instance, Xiaomi has launched a new wireless charger with universal support in 2018 only for the Chinese market.
The companies which are contributing to the growth of China wireless charger market include Aircharge, Huawei Technologies Co., Ltd., Panasonic Corp., Samsung Electronics Co., Ltd., and Tesla, Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in February 2019, Energous Corp. collaborated with vivo Global a Chinese technology company, to explore integrating WattUp into smartphone designs that charge wirelessly over-the-air. With this acquisition the company able to strengthen its position in the wireless charging industry.
Research Methodology:
The market study of the China wireless charger market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.
Market Segmentation:
1. China Wireless Charger Market Research and Analysis by Technology
2. China Wireless Charger Market Research and Analysis by Mobility
3. China Wireless Charger Market Research and Analysis by Application
The Report Covers:
- Comprehensive Research Methodology of the China wireless charger market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the China wireless charger market.
- Insights about market determinants which are stimulating the China wireless charger market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aircharge
- ConvenientPower, Ltd.
- ELIX Wireless
- Energous Corp.
- Huawei Technologies Co., Ltd.
- Oral-B
- Panasonic Corp.
- Samsung Electronics Co., Ltd.
- Shenzhen Canpow Technology Co. Ltd.
- Tesla, Inc.
