Published Year: 2020
Global Wireless Charging Market – Analysis and Forecast, 2019-2024: Focus on Applications, Compone
As per BIS Research, the global wireless charging market generated $3.8 billion in 2018 and is...
Market Research Report
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Global Long-Range Wireless Charging Market Overview
Introduction of Long-Range Wireless Charging
Long-range wireless charging refers to a method that can charge devices over distances of several feet or meters, as opposed to standard wireless charging, which typically works over a few centimeters. This technology aims to provide more convenience and flexibility by eliminating the need for cables and proximity to charging stations. This technology utilizes methods such as radio frequency (RF) systems, which transmit energy through radio waves, and resonant inductive coupling, which involves coils tuned to resonate at the same frequency for efficient energy transfer. Long-range wireless charging offers several advantages, including enhanced convenience, as it eliminates the need for cables and allows charging away from fixed points, increases safety by reducing the risk of electric shocks, and improves aesthetics by reducing clutter. It has potential applications across various fields, including consumer electronics, where devices such as smartphones and laptops can be charged seamlessly. It also includes medical devices that provide safer charging methods for implants and health monitors, and in automotive sectors, it improves charging solutions for sensors and electric vehicles. However, challenges such as lower efficiency compared to direct charging methods, higher costs of technology development, and concerns about the health impacts of prolonged exposure to electromagnetic fields remain. Despite these challenges, the future of long-range wireless charging looks promising, with ongoing advancements expected to increase its efficiency and reduce costs, potentially transforming how we power our devices in everyday life.
Market Introduction
The long-range wireless charging market is expected to grow substantially as technological improvements continue to address current limitations and consumer demand for wireless power solutions expands. With ongoing innovations and potential breakthroughs in efficiency and safety, long-range wireless charging could become a ubiquitous technology, reshaping the landscape of power delivery for a myriad of devices. As this market evolves, it will be essential for companies to navigate the technical, regulatory, and economic challenges to capitalize on the significant opportunities that long-range wireless charging presents. In an increasingly mobile world, the demand for seamless, continuous power without the hassle of plugging in is driving interest and investment in long-range wireless charging technologies. The proliferation of the Internet of Things (IoT) devices and smart home technologies has created a robust market for wireless power solutions that can serve multiple devices simultaneously.
Industrial Impact
The industrial impact of long-range wireless charging is poised to be transformative, particularly in sectors where automation and efficiency are paramount. By enabling remote charging capabilities, this technology can significantly enhance the operational efficiency of factories and warehouses where autonomous robots and drones are employed, reducing downtime for charging and increasing productivity. In sectors such as logistics and manufacturing, the integration of long-range wireless charging systems can lead to more flexible layout designs and continuous power supply to devices on the move, such as forklifts, autonomous drones and automated guided vehicles, without the constraints of fixed charging stations. For autonomous drones, wireless charging facilitates uninterrupted operation by allowing them to autonomously recharge their batteries while in-flight or stationed at designated landing areas, optimizing efficiency and productivity in aerial operations. Additionally, the safety and reliability of hazardous environments can be improved by eliminating the need for physical connections, thereby reducing the risk of electrical hazards and maintenance requirements. As this technology matures, its adoption could revolutionize energy management and device interoperability on an industrial scale, fostering a new era of innovation in how industries operate and manage their equipment.
Market Segmentation:
Segmentation 1: by End User
• Automotive
• Consumer Electronics
• Healthcare
• Others
Consumer Electronics Segment to Dominate the Global Long-Range Wireless Charging Market (by End User)
The consumer electronics sector is rapidly leading the market in end user sectors due to the growing demand for wireless charging solutions. This demand is fueled by the convenience of wireless technology, eliminating the need for cables and allowing for greater flexibility and ease of use in charging a wide array of electronic devices.
Segmentation 2: by Technology
• Radio Frequency
• Magnetic Resonance
• Magnetic Induction
• Others
Radio Frequency Segment to Dominate the Global Long-Range Wireless Charging Market (by Technology)
Radio frequency (RF) technology is leading the global long-range wireless charging market due to its versatility and ability to charge devices over greater distances compared to other technologies. RF-based charging systems can transmit power through the air, making it suitable for a wide range of applications, from consumer electronics to industrial equipment, further driving its adoption and growth in the market.
Segmentation 3: by Component
• Transmitter
• Receiver
Segmentation 4: by Region
• North America - U.S. and Canada
• Europe - U.K., Germany, France, Russia, and Rest-of-Europe
• Asia-Pacific - China, India, Japan, and Rest-of-Asia-Pacific
• Rest-of-the-World - Latin America and Middle East and Africa
North America leads the global long-range wireless charging market for several key reasons. This region exhibits a high rate of technological adoption, especially in the U.S., where tech-savvy consumers and industries are quick to integrate innovative solutions such as long-range wireless charging. The presence of key industry players headquartered in North America accelerates local market growth and fosters continuous advancements in technology. Additionally, North America benefits from robust technological infrastructure, which supports extensive research and development activities. The regulatory environment here is also conducive to technological innovation, offering incentives and favorable policies that encourage investment. Furthermore, the growing electric vehicle market in North America demands efficient charging solutions, including long-range wireless systems, to support infrastructure needs.
Recent Developments in the Global Long-Range Wireless Charging Market
• In October 2023, Powercast, a leader in wireless power solutions, teamed up with Nichicon, renowned for its electronic components, to integrate radio frequency (RF) charging into Nichicon’s new small lithium titanate oxide rechargeable batteries. This collaboration aimed to create compact, eco-friendly, rechargeable devices that minimize e-waste and maintenance costs. By combining Powercast's RF wireless charging with Nichicon's batteries, they're enabling small devices such as styluses, wireless thermometers, medical devices, and IoT sensors to charge over the air.
• In June 2023, Powercast and Powermat, leaders in wireless power technologies, united their expertise in RF and SmartInductive technologies, respectively, to offer comprehensive short- and long-range wireless power solutions tailored to customer needs. This partnership would also utilize Powercast's services, from initial concept through to production, to assist customers every step of the way.
• In 2023, the field of long-range wireless charging, particularly through magnetic resonance technology, saw significant developments and applications across various sectors, highlighted by companies such as WiTricity and initiatives under the AirFuel Alliance. WiTricity has been at the forefront of developing wireless power transfer technology that extends efficiency and charging ranges beyond existing methods. Its efforts emphasize flexible and consumer-friendly products that leverage magnetic resonance for reliable wireless power transfer.
Analyst’s Thoughts
According to Rajat Srivastava, Lead Analyst, BIS Research, “The long-range wireless charging market is experiencing rapid growth, driven by several compelling factors. This growth is primarily fueled by increasing consumer demand for convenience and seamless technology integration into everyday life, which long-range wireless charging offers by eliminating the need for cables and enabling devices to be charged from a distance. Additionally, advancements in related technologies that ensure more efficient power transfer and broader applicability across various devices and industries are accelerating market expansion. The rise of IoT and the expansion of smart home ecosystems, which require continuous power for a myriad of devices, further contribute to the demand for this innovative charging solution. Industries such as automotive, healthcare, and consumer electronics are particularly instrumental in pushing the boundaries of how and where wireless charging can be integrated, making it an essential feature of future technology landscapes.”
Global Long-Range Wireless Charging Market
Focus on End User, Technology, Component, and Country - Analysis and Forecast, 2024-2035
Some Faq's
Frequently Asked Questions
Ans: Long-range wireless charging refers to the technology that enables the transfer of electrical power to devices over distances significantly greater than the typical few centimeters used in standard wireless charging systems such as Qi chargers. In contrast, conventional wireless charging, which generally requires devices to be placed directly on a charging pad, long-range wireless charging can power devices several feet or even meters away from the power source.
Ans: The leading players in the space-qualified propellant tank market include WiTricity Corporation, Powercast Corporation, GuRu Wireless, Ossia Inc., Infineon Technologies AG, and Energous Corporation.
Ans: The following can be seen as some of the USPs of the report:
• A qualitative and quantitative analysis of the global long-range wireless charging market based on application and product
• Quantitative analysis of the end user sub-segment, which includes:
o Automotive
o Consumer Electronics
o Healthcare
o Others
• Regional and country-level forecast on the global long-range wireless charging market, which includes components such as transmitter and receiver
Ans: Companies that manufacture or supply components for wireless charging systems, automotive companies, government and regulatory bodies, and research and development organizations can buy this report.
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