GLOBAL WIRELESS CHARGING MARKET FORECAST 2019-2027

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GLOBAL WIRELESS CHARGING MARKET FORECAST 2019-2027

 Wireless charging market is a process of charging the batteries or equipment without any wired connection. Global wireless charging market was valued at $XX million in 2018 and is expected to reach $66.57 billion by 2027, growing at a CAGR of 41.13% during the forecast period. The base year considered for the market study is 2018, and the forecasted period is between 2019 and 2027. Some of the factors that are driving the market growth are: Rising demand for smartphones & other wireless computing devices

GLOBAL WIRELESS CHARGING MARKET FORECAST 2019-2027

Global Wireless Charging Market by Components (Transmitters, Receivers) by Technology (Inductive, Resonant, Radio Frequency, Other Technologies) by Application (Automotive, Consumer Electronics, Industrial, Healthcare, Aerospace & Defense, Other Applications) by Geography.

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Wireless charging market is a process of charging the batteries or equipment without any wired connection. Global wireless charging market was valued at $XX million in 2018 and is expected to reach $66.57 billion by 2027, growing at a CAGR of 41.13% during the forecast period. The base year considered for the market study is 2018, and the forecasted period is between 2019 and 2027. Some of the factors that are driving the market growth are:

  • Rising demand for smartphones & other wireless computing devices
  • The necessity of a common charging platform
  • Increased demand for electric vehicles
  • Booming Internet of Things (IoT) & semiconductor market

Wireless charging technology is increasingly finding popularity among consumers. High demand for smartphones is one of the major driving factors for this market. Other than smartphones, wireless computing devices are also driving the demand for wireless charging. The wireless computing devices include e-readers, gaming consoles, portable, PCs, tablets, and smartphones, and other devices. Additionally, the demand for electric vehicles is expected to surge during the next few decades, which in turn will boost the demand for wireless charging.

In terms of applications, the market is primarily dominated by the consumer electronics industry, which accounted for a market share of around 57% in the year 2018. The rapid increase in the manufacturing of consumer electronic devices is expected to drive the market. Most wireless charger manufacturers target portable rechargeable electronics such as smartphones and laptops, which need frequent charging. For instance, in the past few years, many well-known smartphone brands have introduced wireless charging, which includes Nokia Lumia 820, Lumia 920, Nexus 4, HTC Droid DNA, etc. Also, Samsung has announced that Galaxy S5 onward smartphones would be compatible with wireless charging. Samsung Galaxy S6 and Galaxy S6 Edge devices are compatible with two different types of wireless charging technologies (Qi and PMA).

On the other hand, the Automotive segment is expected to be the fastest growing over the forecast period. The automotive wireless charging market is highly driven by an increase in sales of EVs and their demand for the safer, convenient, and faster wireless charging system. An increase in R&D activities by the leading automotive giants such as BMW, Nissan, and Chevrolet is expected to boost the growth of the market. The Mercedes Benz model S550e–the hybrid version of Flagship S class sedan adopted Qualcomm’s wireless charging technology. This current scenario suggests that the wireless charging market has huge potential in the electric vehicles & consumer electronics sector.

With the increased adoption of wireless charging technology, newer challenges have been introduced in the market. Lower efficiency when compared with wired chargers, compatibility issues, different technologies, the absence of firm market standards, additional costs related to technology and continual technological changes are some of the major challenges that are profoundly pulling back the wireless charging market.

The global wireless charging market has been segmented on the basis of its components, technology, and applications:

Market By Components:

  • Transmitters
  • Receivers

Market By Technology:

  • Inductive
  • Resonant
  • Radio Frequency
  • Other Technologies

Market By Applications:

  • Automotive
  • Consumer Electronics
    • Smartphones
    • Tablets
    • Wearable devices
    • Others
  • Industrial
  • Healthcare
  • Aerospace & Defense
  • Other applications

On the basis of geography, the global wireless charging market has been segmented into four major regions:

Geographically, Asia Pacific is the global leader in the wireless charging market. In the year 2018, it accounted for 38% of the market share. Moreover, Asia Pacific is anticipated to be the fastest growing regional market too. Growing smartphone penetration, increasing adoption of wireless computing devices, and a large user base for consumer electronics are the primary reasons for the Asia Pacific to be the top revenue generator. Countries such as Japan, China, and India are the largest producers of automotive components and hold the most consumer electronics manufacturers such as Fujitsu, HTC, LG, Lenovo, Meizu, Panasonic, Samsung, Sony, and Xiaomi. The adoption of fuel-efficient EVs and ever-increasing demand for advancement in the charging system for portable electronics are expected to foster the growth of the overall market. In addition, the government is taking several initiatives to switch the consumers’ interests from petrol to electric or hybrid cars, which is anticipated to increase the pace of developments and advancements in wireless charging technology. Also, the increase in strategic alliances between smartphone manufacturers like Samsung and PowerbyProxi is likely to boost the market growth.

Global wireless charging market is primarily segmented on the basis of its components: Transmitters & Receivers. Further, the market is segmented based on its technology and applications. The technology segment includes Inductive, Resonant, Radio Frequency (RF) and other technologies, and the application segment includes consumer electronics, industrial, Aerospace & Defense, Healthcare, automotive and other applications. Moreover, the consumer electronics segment is also sub-segmented based on its products. This sub-segment includes smartphones, tablets, wearable and other consumer electronic products.

The major companies operating in the global wireless charging market are:

  • Samsung Electronics
  • TDK Corporation
  • Qualcomm Inc.
  • Texas Instruments, Inc.
  • Integrated Devices Technology
  • others

Company profiles of the prominent market players are discussed in detail. Most of the companies are looking for strategies such as merger & acquisition, partnership, contracts, agreements, and new product launch to gain a competitive edge over other companies. For instance, in March 2019, wireless power semiconductors “WattShare” was introduced by Integrated Device Technology, Inc. Similarly, Apple Inc. launched its wireless headphones AirPods, in the same month.

In February 2019, Qualcomm Inc. unveiled its Quick charge Technology for Wireless power. Similarly, in December 2018, Powermat Technologies Ltd unveiled its wireless charging platform, Agileinductive Technology.

Key findings of the global wireless charging market:

  • Asia Pacific is the dominant region & is anticipated to be the fastest growing region in the global wireless charging market, growing with a CAGR of XX% during the forecasted period of 2019-2027.
  • The market focus is shifting towards Magnetic Resonance Technology.
  • Consumer Electronics is the primary end user sector of the market.
  • The number of agreements, partnership, merger & acquisitions between smartphone, automotive manufacturers & firms involved in the development of wireless charging technology has increased considerably.
  • Wireless charging technology is contributing towards the “Green Technology” initiative.

  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY & FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ASIA PACIFIC HOLDS THE LARGEST MARKET SHARE
      • EMERGENCE OF FAR-FIELD WIRELESS CHARGING
      • CONSUMER ELECTRONICS – KEY END-USER
      • SHIFTING FOCUS TOWARDS MAGNETIC RESONANCE TECHNOLOGY
      • WIRELESS CHARGING CONTRIBUTING TO THE GREEN TECHNOLOGY INITIATIVE
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • RISING DEMAND OF SMARTPHONES & OTHER WIRELESS COMPUTING DEVICES
      • NECESSITY OF A COMMON CHARGING PLATFORM
      • INCREASING DEMAND OF ELECTRIC VEHICLES
    • MARKET RESTRAINTS
      • EFFICIENCY & COMPATIBILITY ISSUES
      • DIFFERING TECHNOLOGIES & ABSENCE OF FIRM MARKET STANDARDS
    • MARKET OPPORTUNITIES
      • SCOPE IN THE FIELD OF MEDICAL EQUIPMENT & ELECTRIC VEHICLES
      • BOOMING GROWTH OF INTERNET OF THINGS (IOT) & SEMICONDUCTOR MARKET
    • MARKET CHALLENGES
      • ADDITIONAL COSTS RELATED TO WIRELESS CHARGING
      • CONTINUAL TECHNOLOGICAL CHANGES
  1. MARKET BY COMPONENTS
    • TRANSMITTERS
    • RECEIVERS
  2. MARKET BY TECHNOLOGY
    • INDUCTIVE
    • RESONANT
    • RADIO FREQUENCY
    • OTHER TECHNOLOGIES
  3. MARKET BY APPLICATION
    • AUTOMOTIVE
    • CONSUMER ELECTRONICS
      • SMARTPHONES
      • TABLETS
      • WEARABLE DEVICES
      • OTHERS
    • INDUSTRIAL
    • HEALTHCARE
    • AEROSPACE & DEFENSE
    • OTHER APPLICATIONS
  4. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
      • RAW MATERIAL SUPPLIERS
      • DESIGN & ENGINEERING
      • MANUFACTURING
      • SALES & DISTRIBUTION
      • END-USERS
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • APPLE INC.
    • CONVENIENT POWER HK LIMITED
    • ENERGIZER HOLDINGS, INC.
    • INFINEON TECHNOLOGIES AG
    • INTEGRATED DEVICE TECHNOLOGY INCKUBE SYSTEMS
    • MURATA MANUFACTURING CO., LTD.
    • NXP SEMICONDUCTOR N.V.
    • OREGON SCIENTIFIC INC.
    • POWERMAT TECHNOLOGIES LTD.
    • QUALCOMM INC.
    • SAMSUNG ELECTRONICS CO., LTD.
    • TDK CORPORATION
    • TEXAS INSTRUMENTS INC.
    • WITRICITY CORPORATION

 

TABLE LIST

TABLE 1: GLOBAL WIRELESS CHARGING MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: SMARTPHONES COMPATIBLE WITH WIRELESS CHARGING TECHNOLOGY

TABLE 3: KEY DIFFERENCES BETWEEN WIRELESS POWER CONSORTIUM (WPC) & AIRFUEL ALLIANCE

TABLE 4: GLOBAL WIRELESS CHARGING MARKET, BY COMPONENTS, 2019-2027 (IN $ MILLION)

TABLE 5: GLOBAL TRANSMITTERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL RECEIVERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL WIRELESS CHARGING MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL INDUCTIVE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL RESONANT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10: GLOBAL RADIO FREQUENCY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL OTHER TECHNOLOGIES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12: GLOBAL WIRELESS CHARGING MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 13: KEY PLAYERS ADOPTING IN-VEHICLE WIRELESS CHARGING

TABLE 14: GLOBAL AUTOMOTIVE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15: GLOBAL CONSUMER ELECTRONICS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 16: GLOBAL WIRELESS CHARGING MARKET, BY CONSUMER ELECTRONICS, 2019-2027 (IN $ MILLION)

TABLE 17: GLOBAL SMARTPHONES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18: GLOBAL TABLETS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 19: GLOBAL WEARABLE DEVICES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 20: GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 21: GLOBAL INDUSTRIAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 22: GLOBAL HEALTHCARE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 23: GLOBAL AEROSPACE & DEFENSE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 24: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 25: OPPORTUNITY MATRIX

TABLE 26: VENDOR LANDSCAPE

TABLE 27: GLOBAL WIRELESS CHARGING MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 28: NORTH AMERICA WIRELESS CHARGING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 29: EUROPE WIRELESS CHARGING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 30: ASIA PACIFIC WIRELESS CHARGING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 31: REST OF WORLD WIRELESS CHARGING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

 

FIGURES LIST

FIGURE 1: GLOBAL WIRELESS CHARGING MARKET, BY APPLICATIONS, 2018 & 2027 (IN %)

FIGURE 2: SMARTPHONE USERS IN ASIA PACIFIC, 2015-2019 (IN MILLION)

FIGURE 3: SMARTPHONE USERS ACROSS THE WORLD, 2016-2020 (IN BILLION)

FIGURE 4: ESTIMATES OF OVERALL SMARTPHONE SHIPMENTS, 2010-2021, (IN MILLION UNITS)

FIGURE 5: PRODUCTION OF ELECTRIC VEHICLES ACROSS THE WORLD IN 2015 (IN THOUSANDS)

FIGURE 6: SALES FORECAST OF HYBRID, PLUG-IN HYBRID & ELECTRIC VEHICLES (IN UNITS)

FIGURE 7: GLOBAL WIRELESS CHARGING MARKET, BY TRANSMITTERS, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL WIRELESS CHARGING MARKET, BY RECEIVERS, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL WIRELESS CHARGING MARKET, BY INDUCTIVE, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL WIRELESS CHARGING MARKET, BY RESONANT, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL WIRELESS CHARGING MARKET, BY RADIO FREQUENCY, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL WIRELESS CHARGING MARKET, BY OTHER TECHNOLOGIES, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL WIRELESS CHARGING MARKET, BY AUTOMOTIVE, 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL WIRELESS CHARGING MARKET, BY CONSUMER ELECTRONICS, 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL WIRELESS CHARGING MARKET, BY SMARTPHONES, 2019-2027 (IN $ MILLION)

FIGURE 16: NUMBER OF SMARTPHONE USERS WORLDWIDE, 2015-2020 (IN BILLION)

FIGURE 17: GLOBAL WIRELESS CHARGING MARKET, BY TABLETS, 2019-2027 (IN $ MILLION)

FIGURE 18: NUMBER OF THE TABLETS USERS ACROSS THE WORLD, 2015-2020, (IN BILLIONS)

FIGURE 19: GLOBAL WIRELESS CHARGING MARKET, BY WEARABLE DEVICES, 2019-2027 (IN $ MILLION)

FIGURE 20: WEARABLE DEVICES MARKET ESTIMATES, 2014-2018 (IN $ BILLION)

FIGURE 21: GLOBAL WIRELESS CHARGING MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 22: GLOBAL WIRELESS CHARGING MARKET, BY INDUSTRIAL, 2019-2027 (IN $ MILLION)

FIGURE 23: GLOBAL WIRELESS CHARGING MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

FIGURE 24: GLOBAL WIRELESS CHARGING MARKET, BY AEROSPACE & DEFENSE, 2019-2027 (IN $ MILLION)

FIGURE 25: GLOBAL WIRELESS CHARGING MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ MILLION)

FIGURE 26: PORTER’S FIVE FORCE ANALYSIS

FIGURE 27: VALUE CHAIN ANALYSIS

FIGURE 28: GLOBAL WIRELESS CHARGING MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 29: UNITED STATES WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: CANADA WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: UNITED KINGDOM WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: GERMANY WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: FRANCE WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: SPAIN WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: ITALY WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36: REST OF EUROPE WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37: CHINA WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 38: JAPAN WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 39: INDIA WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 40: SOUTH KOREA WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 41: AUSTRALIA WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 42: REST OF ASIA PACIFIC WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 43: LATIN AMERICA WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 44: MIDDLE EAST & AFRICA WIRELESS CHARGING MARKET, 2019-2027 (IN $ MILLION)

 

  1. MARKET BY COMPONENTS
    • TRANSMITTERS
    • RECEIVERS
  2. MARKET BY TECHNOLOGY
    • INDUCTIVE
    • RESONANT
    • RADIO FREQUENCY
    • OTHER TECHNOLOGIES
  3. MARKET BY APPLICATION
    • AUTOMOTIVE
    • CONSUMER ELECTRONICS
      • SMARTPHONES
      • TABLETS
      • WEARABLE DEVICES
      • OTHERS
    • INDUSTRIAL
    • HEALTHCARE
    • AEROSPACE & DEFENSE
    • OTHER APPLICATIONS
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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