Published Year: 2022
Electric Vehicle Fast-Charging System Market - A Global and Regional Analysis: Focus on DC Fast Char
The global EV fast-charging system market is expected to reach $10.82 billion by 2031, growing...
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Table of Contents
1.1 Definition
1.2 Market Overview
1.3 Market Drivers
1.3.1 Standardization of Wireless Regulations Driving Consumer Inclination
1.3.2 Technological and Dynamic Design enhancements
1.3.3 Increasing Battery Anxiety Among the Consumers
1.3.4 Increasing Shipments of Smart Handheld Devices Fuelling the Demand
1.4 Market Restraints
1.4.1 Higher Production Cost and Lower Efficiency than Conventional Wired Method of Charging
1.4.2 Consumer Acceptance for the Safety Issues with Wireless Distant Charging
1.5 Market Opportunities
1.5.1 Emerging Demand for Electric Vehicles (EV)
1.5.2 Rising IoT-Enabled Connected Devices Signalling Flexible and Ready-to-go Charging Capabilities
2.1 Key Strategies and Partnerships
2.1.1 Product Launches
2.1.2 Partnerships, Joint Ventures, and Collaborations
2.1.3 Mergers & Acquisitions
2.1.4 Others
2.2 Industry Attractiveness
2.3 Leading Player Analysis
2.3.1 List of Top Emerging Start-Ups
3.1 Target Audience
3.2 Supply Chain Analysis
3.3 Evolution of Charging Ecosystem
3.3.1 Timeline
3.3.2 Material
3.3.2.1 Transistor Evolution
3.3.2.2 Coil Material Evolution
3.4 Technology Trends
3.4.1 Reverse Wireless Charging
3.4.2 Wireless Electric Vehicle Charging Systems
3.4.3 Charging Multiple Devices Using a Single Transmitter
3.4.4 Quasistatic Cavity Resonance
3.4.5 Use of GaN-Based Transistors
3.5 Consortium and Associations
3.6 Wireless Charging Standards
3.7 Key Funding and Investments Analysis, 2018-2019
3.8 Patent Analysis
3.9 Opportunity Matrix Analysis
3.10 Country Share Analysis
3.11 Challenges
3.11.1 Consumer Acceptance Toward Newer Technologies
3.11.2 Need of Upgrading Wireless Solutions in order to Cope with Continuous Technological Innovation
4.1 Assumptions & Limitations
4.2 Wireless Charging Technology Market Overview
4.3 Inductive Technology
4.4 Resonant Technology
4.5 RF Technology
4.6 Others
5.1 Market Overview
5.2 Receivers Market, by Implementation
5.2.1 Integrated
5.2.2 Aftermarket
5.3 Transmitters Market, by Implementation
5.3.1 Integrated
5.3.2 Aftermarket
6.1 Market Overview
6.2 Global Receivers Market for Wireless Charging, by Application
6.2.1 Consumer Electronics
6.2.1.1 Smartphones & Tablets
6.2.1.2 Smart Wearables
6.2.1.3 Others
6.2.2 Healthcare
6.2.3 Automotive
6.2.4 Others
6.3 Global Transmitters Market for Wireless Charging, by Application
6.3.1 Consumer Electronics
6.3.2 Commercial
6.3.2.1 Hospitality
6.3.2.2 Public Avenues
6.3.2.3 Offices & Educational Institutes
6.3.3 Automotive
6.3.3.1 In-Vehicle
6.3.3.2 Electric Vehicle
6.3.4 Others
7.1 Market Overview
7.2 North America
7.2.1 North America Wireless Charging Market (by Country)
7.2.1.1 U.S.
7.2.1.2 Canada
7.2.1.3 Mexico
7.3 Europe
7.3.1 Europe Wireless Charging Market (by Country)
7.3.1.1 Germany
7.3.1.2 France
7.3.1.3 U.K.
7.3.1.4 Rest-of-Europe
7.4 Asia-Pacific
7.4.1 Asia-Pacific Wireless Charging Market (by Country)
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 Rest-of-Asia-Pacific
7.5 Rest-of-the-World (RoW)
7.5.1 RoW Wireless Charging Market (by Country)
7.5.1.1 Middle East & Africa (MEA)
7.5.1.2 Latin America
8.1 Overview
8.2 Air Charge
8.2.1 Company Overview
8.2.1 Role of Air Charge in Global Wireless Charging Market
8.2.2 Product Portfolio
8.2.3 SWOT Analysis
8.3 Belkin International, Inc.
8.3.1 Company Information
8.3.2 Role of Belkin International Inc. in Global Wireless Charging Market
8.3.3 Product Portfolio
8.3.4 SWOT Analysis
8.4 Convenient Power Limited
8.4.1 Company Overview
8.4.2 Role of Convenient Power Limited in Global Wireless Charging Market
8.4.3 Product Portfolio
8.4.4 SWOT Analysis
8.5 Energous Corporation
8.5.1 Company Overview
8.5.2 Role of Energous Corporation in Global Wireless Charging Market
8.5.3 Product Portfolio
8.5.4 Financials
8.5.5 SWOT Analysis
8.6 Integrated Device Technology, Inc.
8.6.1 Company Overview
8.6.2 Role of Integrated Device Technology in Global Wireless Charging Market
8.6.3 Product Portfolio
8.6.4 Financials
8.6.5 SWOT Analysis
8.7 Infineon Technologies AG
8.7.1 Company Overview
8.7.2 Role of Infineon Technologies in Global Wireless Charging Market
8.7.3 Product Offering
8.7.4 Financials
8.7.5 SWOT Analysis
8.8 NXP Semiconductors
8.8.1 Company Overview
8.8.2 Role of NXP Semiconductors in Global Wireless Charging Market
8.8.3 Product Portfolio
8.8.4 Financials
8.8.5 SWOT Analysis
8.9 Powermat
8.9.1 Company Overview
8.9.2 Role of Powermat in Global Wireless Charging Market
8.9.3 Product Portfolio
8.9.4 SWOT Analysis
8.10 Qualcomm Technologies Inc.
8.10.1 Company Overview
8.10.2 Role of QUALCOMM Incorporated in Global Wireless Charging Market
8.10.3 Product Portfolio
8.10.4 Financials
8.10.1 SWOT Analysis
8.11 Samsung Electronics Co. Ltd.
8.11.1 Company Overview
8.11.2 Role of Samsung Electronics Global Wireless Charging Market
8.11.3 Product Portfolio
8.11.4 Financials
8.11.5 SWOT Analysis
8.12 Semtech Corporation
8.12.1 Company Overview
8.12.2 Role of Semtech Corporation in Global Wireless Charging Market
8.12.3 Product Portfolio
8.12.4 Financials
8.12.5 SWOT Analysis
8.13 TDK Corporation
8.13.1 Company Overview
8.13.2 Role of TDK Corporation in Global Wireless Charging Market
8.13.3 Product Portfolio
8.13.4 Financials
8.13.5 SWOT Analysis
8.14 Texas Instruments Incorporated
8.14.1 Company Overview
8.14.2 Role of Texas Instruments in Global Wireless Charging Market
8.14.3 Product Portfolio
8.14.4 Financials
8.14.5 SWOT Analysis
8.15 WiTricity Corporation
8.15.1 Company Overview
8.15.2 Role of WiTricity Corporation in Global Wireless Charging Market
8.15.3 Product Portfolio
8.15.4 SWOT Analysis
8.16 NuCurrent Inc.
8.16.1 Company Overview
8.16.2 Role of NuCurrent Inc. in Global Wireless Charging Market
8.16.3 Product Portfolio
8.16.4 SWOT Analysis
9.1 Scope of the Report
9.2 Wireless Charging Research Methodology
Table 1.1: Impact Analysis of Drivers
Table 1.2: Impact Analysis of Restraints
Table 1.3: Wireless vs. Wired Charging Efficiencies
Table 1.4: Impact Analysis of Opportunities
Table 2.1: Key Factors in Determining “Threat from New Entrants” in Wireless Charging Market
Table 2.2: Key Factors in Determining “Bargaining Power of Buyers” in Wireless Charging Market
Table 2.3: Key Factors in Determining “Threat from Substitutes” in Wireless Charging Market
Table 2.4: Key Factors in Determining “Bargaining Power of Suppliers” in Wireless Charging Market
Table 2.5: Key Factors in Determining “Intensity of Competitive Rivalry” in Wireless Charging Market
Table 2.6: Top Emerging Wireless Charging Start-Ups
Table 3.1: Smartphones Supporting Reverse Wireless Charging
Table 3.2: Wireless Charging Solutions
Table 3.3: Consortium and Associations
Table 3.4: List of Wireless Charging Standards, Consortiums, and Associations
Table 3.5: Key Funding and Investments Analysis
Table 3.6: Key Patents Filed in the Year 2018-2019
Table 4.1: Wireless Charging Market (by Technology), Units Million, 2018-2024
Table 4.2: Wireless Charging Market (by Technology), $Million, 2018-2024
Table 4.3: Key Parameters of Different Technologies Used for Wireless Charging
Table 4.4: RF Wireless Charging Technology Type
Table 5.1: Wireless Charging Market (by Implementation), Units Million, 2018-2024
Table 5.2: Wireless Charging Market (by Implementation), $Million, 2018-2024
Table 6.1: Global Receivers Market (by Application), Units Million, 2018-2024
Table 6.2: Global Receivers Market (by Application), $ Million, 2018-2024
Table 6.3: Global Transmitters for Wireless Charging (by Application), Units Million, 2018-2024
Table 6.4: Global Transmitters for Wireless Charging (by Application), $ Million, 2018-2024
Table 6.5: Wireless Charging at Public Venues
Table 6.6: Top Car Manufacturers Providing Wireless Phone Charging
Table 6.7: Some of the Key Players Adopting In-Vehicle Wireless Charging
Table 7.1: Global Wireless Charging Market (by Region), Units Million, 2018-2024
Table 7.2: Global Wireless Charging Market (by Region), $Million, 2018-2024
Table 7.3: North America Wireless Charging Market (by Country), Units Million, 2018-2024
Table 7.4: North America Wireless Charging Market (by Country), $Million, 2018-2024
Table 7.5: Europe Wireless Charging Market (by Country), Units Million, 2018-2024
Table 7.6: Europe Wireless Charging Market (by Country), $Million, 2018-2024
Table 7.7: Asia-Pacific Wireless Charging Market (by Country), Units Million, 2018-2024
Table 7.8: Asia-Pacific Wireless Charging Market (by Country), $Million, 2018-2024
Table 7.9: RoW Wireless Charging Market (by Region), Units Million, 2018-2024
Table 7.10: RoW Wireless Charging Market (by Country), $Million, 2018-2024
Table 8.1: Belkin International Inc.: Product Portfolio
Table 8.2: Convenient Power Limited: Product Portfolio
Table 8.3: Energous Corporation: Product Portfolio
Table 8.4: Integrated Device Technology, Inc.: Product Portfolio
Table 8.5: Infineon Technologies AG: Product Portfolio
Table 8.6: NXP Semiconductors: Product Portfolio
Table 8.7: Powermat: Product Portfolio
Table 8.8: Qualcomm Inc.: Product Portfolio
Table 8.9: Samsung Electronics Co. Ltd.: Product Portfolio
Table 8.10: Semtech Corporation: Product Portfolio
Table 8.11: TDK Corporation: Product Portfolio
Table 8.12: Texas Instruments Incorporated: Product Portfolio
Table 8.13: WiTricity Corporation: Product Portfolio
Figure 1: Global Wireless Charger Market Outlook, $Billion, 2018 and 2024
Figure 2: Global Wireless Charging Market Size (by Technology), $Billion, 2018 and 2024
Figure 3: Global Wireless Charging Market Size (by Implementation), $Billion, 2018 and 2024
Figure 4: Wireless Charging Receivers: Application Areas
Figure 5: Global Wireless Charging Market (by Receiver Implementation), $Billion, 2018 and 2024
Figure 6: Wireless Charging Transmitters: Application Areas
Figure 7: Global Wireless Charging Market (by Transmitter Implementation), $Billion, 2018 and 2024
Figure 8: Global Wireless Charging Market Size (by Region), $Million, 2018-2024
Figure 1.1: Market Dynamics
Figure 2.1: Key Strategies and Developments
Figure 2.2: Product Launches, 2016-2019
Figure 2.3: Partnerships, Joint Ventures, and Collaborations, 2016-2019
Figure 2.4: Mergers & Acquisitions, 2016-2019
Figure 2.5: Mergers & Acquisitions, 2016-2019
Figure 2.6: Industry Analysis Porter’s Five Forces
Figure 2.7: Analysis of Leading Players
Figure 3.1: Wireless Charging Market: Target Audience
Figure 3.2: Wireless Charging Market: Supply Chain
Figure 3.3: Evolution of Charging Ecosystem
Figure 3.4: Wireless Charging Systems for Electric Vehicles
Figure 3.5: Patent Filing Trend in Wireless Charging, 2009-2019
Figure 3.6: Global Wireless Charging Market Opportunity Matrix (by Region), $Million, 2018-2024
Figure 3.7: Country Share Analysis
Figure 4.1: Global Wireless Charging Market (by Technology)
Figure 4.2: Inductive Wireless Charging Market, 2018-2024
Figure 4.3: Resonant Wireless Charging Technology Market, 2018-2024
Figure 4.4: RF Technology Wireless Charging Market, 2018-2024
Figure 4.5: Others Technology Wireless Charging Market, 2018-2024
Figure 5.1: Important Components of Wireless Charging Receiver Module
Figure 5.2: Integrated Receiver Market for Wireless Charging, 2018-2024
Figure 5.3: Receivers Aftermarket for Wireless Charging, 2018-2024
Figure 5.4: Important Components of Qi Wireless Charging Tranmitter Module
Figure 5.5: Integrated Transmitter Wireless Charging Market, 2018-2024
Figure 5.6: Aftermarket Transmitters Wireless Charging Market, 2018-2024
Figure 6.1: Wireless Charging Market Receiver and Transmitter Applications
Figure 6.2: Receivers Wireless Charging Applications
Figure 6.3: Benefits of Wireless Charging
Figure 6.4: iPhone X Battery Percentage by Charging Method (Wired vs. Wireless vs. USB) (Time: 60 Min)
Figure 6.5: Global Smartphone and Tablets Wireless Charging Receiver Market, Units Million & $Million, 2018-2024
Figure 6.6: Worldwide Shipments of Wearable Devices From 2018 to 2022 (Million Units)
Figure 6.7: Global Smart Wearables Wireless Charging Receiver Market, Units Million & $ Million, 2018-2024
Figure 6.8: Global Other Consumer Electronics Wireless Charging Receiver Market, Units Million & $Million, 2018-2024
Figure 6.9: Implantable Medical Devices
Figure 6.10: Global Healthcare Wireless Charging Receiver Market, Units Million & $Million, 2018-2024
Figure 6.11: U.S. Electric Vehicles Sales (2015-2018)
Figure 6.12: Global Automotive Wireless Charging Receiver Market, Units Million & $Million, 2018-2024
Figure 6.13: Global Others Wireless Charging Receiver Market, Units Million & $Million, 2018-2024
Figure 6.14: Wireless Charging Transmitter Applications
Figure 6.15: Global Consumer Electronics Wireless Charging Transmitter Market, Units Million & $Million, 2018-2024
Figure 6.16: Global Hospitality Transmitters for Wireless Charging, Units Million & $Million, 2018-2024
Figure 6.17: Global Public Avenues Transmitters for Wireless Charging, Units Million & $Million, 2018-2024
Figure 6.18: Global Office & Education Transmitters for Wireless Charging, Units Million & $Million, 2018-2024
Figure 6.19: Transmitter Market for In-Vehicle Wireless Charging, $Million & Units Million, 2018-2024
Figure 6.20: Transmitter Market for Electric Vehicle Wireless Charging, $Million & Units Million, 2018-2024
Figure 6.21: Transmitter Market for Others Wireless Charging, $Million & Units Million, 2018-2024
Figure 7.1: Global Wireless Charging Market – Regional Segmentation
Figure 7.2: Global Wireless Charging Market (by Region), 2018 and 2024
Figure 7.3: North America Wireless Charging Market (by Country), Units Million, 2018 and 2024
Figure 7.4: North America Wireless Charging Market (by Country), $Million, 2018 and 2024
Figure 7.5: U.S. Wireless Charging Market, 2018-2024
Figure 7.6: Canada Wireless Charging Market, 2018-2024
Figure 7.7: Mexico Wireless Charging Market, 2018-2024
Figure 7.8: Europe Wireless Charging Market (by Country), Units Million, 2017, 2018, and 2028
Figure 7.9: Europe Wireless Charging Market (by Country), $Million, 2018 and 2024
Figure 7.10: Germany Wireless Charging Market, 2018-2024
Figure 7.11: France Wireless Charging Market, 2018-2024
Figure 7.12: U.K. Wireless Charging Market, 2018-2024
Figure 7.13: Rest-of-Europe Wireless Charging Market, 2018-2024
Figure 7.14: Asia-Pacific Wireless Charging Market (by Country), $Million, 2018, 2024
Figure 7.15: Asia-Pacific Wireless Charging Market (by Country), $Million, 2018 and 2024
Figure 7.16: China Wireless Charging Market, 2018-2024
Figure 7.17: India Wireless Charging Market, 2018-2024
Figure 7.18: Japan Wireless Charging Market, 2018-2024
Figure 7.19: South Korea Wireless Charging Market, 2018-2024
Figure 7.20: Rest-of-Asia-Pacific Wireless Charging Market, 2018-2024
Figure 7.21: RoW Wireless Charging Market (by Country), Units Million, 2018 and 2024
Figure 7.22: RoW Wireless Charging Market (by Country), $Million, 2018 and 2024
Figure 7.23: Middle East and Africa Wireless Charging Market, 2018-2024
Figure 7.24: Latin America Wireless Charging Market, 2018-2024
Figure 8.1: Profiles by Ownership Type
Figure 8.2: Aircharge: SWOT Analysis
Figure 8.3: Belkin International Inc.: SWOT Analysis
Figure 8.4: Convenient Power Limited: SWOT Analysis
Figure 8.5: Energous Corporation: Overall Financials, 2015-2018
Figure 8.6: Energous Corporation: SWOT Analysis
Figure 8.7: Integrated Device Technology Inc.: Overall Financials, 2016-2018
Figure 8.8: Integrated Device Technology Inc.: Net Revenue (by Region), 2016-2018
Figure 8.9: Integrated Device Technology Inc.: Net Revenue (by Segment), 2016-2018
Figure 8.10: Integrated Device Technology Inc.: SWOT Analysis
Figure 8.11: Infineon Technologies AG: Overall Financials, 2015-2019 ($Million)
Figure 8.12: Infineon Technologies AG: Net Revenue (by Region), 2015-2019
Figure 8.13: Infineon Technologies AG: Net Revenue (by Business Segment), 2016-2019
Figure 8.14: Infineon Technologies AG: SWOT Analysis
Figure 8.15: NXP Semiconductors: Overall Financials, 2015-2018
Figure 8.16: NXP Semiconductors: Net Revenue (by Region), 2015-2018
Figure 8.17: NXP Semiconductors: Net Revenue (by Business Segment), 2015-2018
Figure 8.18: NXP Semiconductors: SWOT Analysis
Figure 8.19: Powermat: SWOT Analysis
Figure 8.20: Qualcomm Technologies Inc.: Overall Financials, 2016-2019
Figure 8.21: Qualcomm Technologies Inc.: Net Revenue (by Region), 2016-2019
Figure 8.22: Qualcomm Technologies Inc.: Net Revenue (by Business Segment), 2016-2019
Figure 8.23: Qualcomm Technologies Inc.: SWOT Analysis
Figure 8.24: Samsung Electronics Co. Ltd.: Overall Financials, 2015-2018
Figure 8.25: Samsung Electronics Co. Ltd.: Net Revenue (by Region), 2015-2017
Figure 8.26: Samsung Electronics Co. Ltd.: Net Revenue (by Segment), 2015-2017
Figure 8.27: Samsung Electronics Co. Ltd.: SWOT Analysis
Figure 8.28: Semtech Corporation: Overall Financials, 2016-2018
Figure 8.29: Semtech Corporation: Net Revenue (by Region), 2016-2018
Figure 8.30: Semtech Corporation: Net Revenue (by Segment), 2016-2018
Figure 8.31: Semtech Corporation: SWOT Analysis
Figure 8.32: TDK Corporation: Overall Financials, 2016-2018
Figure 8.33: TDK Corporation: Net Revenue (by Region), 2016-2018
Figure 8.34: TDK Corporation: Net Revenue (by Segment), 2016-2018
Figure 8.35: TDK Corporation: SWOT Analysis
Figure 8.36: Texas Instruments Incorporated: Overall Financials, 2015-2018
Figure 8.37: Texas Instruments Incorporated: Net Revenue (by Region), 2015-2018
Figure 8.38: Texas Instruments Incorporated: Net Revenue (by Business Segment), 2015-2018
Figure 8.39: Texas Instruments Incorporated: SWOT Analysis
Figure 8.40: WiTricity Corporation: SWOT Analysis
Figure 8.41: SWOT Analysis: NuCurrent Inc.
Figure 9.1: Scope of the Report
Figure 9.2: Report Design
Figure 9.3: Secondary Data Sources
Figure 9.4: Top-Down and Bottom-Up Approach
Figure 9.5: Wireless Charging Market Influencing Factors
Figure 9.6: Assumptions and Limitations
Report Description
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Market Report Coverage - Wireless Charging |
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Base Year |
2018 |
Market Size in 2018 |
$3.82 billion |
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Forecast Period |
2019-2024 |
Value Projection and Estimation by 2024 |
$33.48 billion |
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CAGR During Forecast Period |
41.79% |
Number of Tables |
52 |
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Number of Pages |
202 |
Number of Figures |
126 |
|
Research Hours |
270 |
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Market Segmentation |
• Technology – Inductive Technology, Resonant Technology, RF Technology • Implementation – Receivers Market (Integrated, Aftermarket), Transmitters Market (Integrated, Aftermarket) • Application – Receivers Market for Wireless Charging (Consumer Electronics, Healthcare, Automotive), Transmitters Market for Wireless Charging (Consumer Electronics, Commercial, Automotive) |
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Regional Segmentation |
• North America – U.S., Canada, Mexico • Europe – United Kingdom, Germany, France • Asia-Pacific – China, India, Japan, South Korea • Rest-of-the-World – Middle East & Africa (MEA), Latin America |
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Growth Drivers |
• Standardization of Wireless Regulations Driving Consumer Inclination • Technological and Dynamic Design enhancements • Increasing Battery Anxiety Among the Consumers • Increasing Shipments of Smart Handheld Devices Fueling the Demand |
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|
Market Challenges |
• Consumer Acceptance Toward Newer Technologies • Need of Upgrading Wireless Solutions in order to Cope with Continuous Technological Innovation |
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Market Opportunities |
• Emerging Demand for Electric Vehicles (EV) • Rising IoT-Enabled Connected Devices Signaling Flexible and Ready-to-go Charging Capabilities |
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Key Companies Profiled |
Air Charge, Belkin International Inc., Convenient Power Limited, Energous Corporation, Integrated Device Technology Inc., Infineon Technologies AG, NXP Semiconductors, Powermat, Qualcomm Technologies Inc., Samsung Electronics Co. Ltd., Semtech Corporation, TDK Corporation, Texas Instruments Incorporated, WiTricity Corporation, NuCurrent Inc. |
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Key Questions Answered in this Report
• What was the total market size of Wireless Charging in 2018, and how is it estimated to grow during 2019-2024?
• What is the growth pattern of the global wireless charging market size from 2019 to 2024?
• What are the impactful driving factors, and upcoming trends projected to influence the global wireless charging market during the forecast period 2019 to 2024?
• What are the key technological parameters which are influencing the growth of wireless charging market?
• Which consortiums and associations are involved in wireless charging and what are their defined technology standards?
• Who are the key market players involved in providing wireless charging solutions based on geographic presence, market relevant products and various other important market relevant factors?
• What are the key challenges faced by the wireless charging market players?
• Which wireless charging technology is dominant in the forecast period?
• What are the revenue opportunities for wireless charging across various countries, globally?
Market Overview
Smartphones and digital devices are a fixture of life in the 21st century. Since the launch of mobile phones, they have penetrated to up to 90% of the population globally, in almost every developed and developing nation. To meet the needs of an increasingly massive user base and smartphone network, convenient charging solutions became the need of the hour which further improved the power consumption, battery duration, and real-time connectivity with the users. Hence, to provide the population with a wireless solution without the hassle, the demand for wireless charging technology has accelerated in recent years.
According to the market analysts at BIS Research, the global wireless charging market is expected to grow with a CAGR of 41.79% during the forecast period of 2019-2024 and reach the mark of $33.48 billion by 2024. The growth of the global market is pushed by several factors that include the increased shipments of smart handheld devices, technological and dynamic design enhancements, standardizations of wireless regulations driving consumer inclination, and increasing battery anxiety among the consumers.
Majority phones with wireless-enabled technology are put in the category of premium smartphones. However, with the rise in demand for wireless power transmission, this technology can further be adopted by better and sophisticated devices such as drones and laptops.
Apart from this, inductive wireless charging is the most-adopted solution for wireless charging and accounted for almost 100% of the global market in 2018, due to the greater consumer inclination for the more efficient and fast-charging capability of inductive charging. This growth is majorly contributed by Qi wireless charging platform, which has been adopted by global leaders such as Apple, Google, Samsung, and LG. Qi wireless charging is also a paving way into infrastructure, with pads available in restaurants, trains, and other conveniently accessible places.
Wireless charging is considered to be the next big thing in the smartphone industry, and multiple companies have initiated the manufacturing of smartphones enabled with wireless charging. Additionally, with the establishment of New Jersey-based Wireless Power Consortium (WPC), manufacturers have the leverage to get their products certified, thus, enabling the establishment of a globally acceptable standard.
Competitive Landscape
Region-wise, North America dominated and accounted for 39.08% of the total market share in 2018. The market was at the mark of $1.49 billion in 2018 and is expected to grow at a CAGR of 41.79% between 2019 and 2024.
Other markets, such as electric vehicles (EV) and consumer electronics, are also adopting the wireless charging systems. For instance, the BMW 530e car model offers wireless charging systems for its consumers, while consumer electronic companies like Samsung and Apple are working on innovating Galaxy Smartphones and Smartwatch, respectively, which collectively boost the global demand for wireless charging devices.
Some of the leading players in the global wireless charging market are Energous Corporation, Integrated Devices Technology Inc., Infineon Technologies, NXP Semiconductors, Qualcomm Inc., Aircharge, Belkin International, Witricity Corporation, Samsung Electronics Ltd., and Texas Instruments.
Global Wireless Charging Market – Analysis and Forecast, 2019-2024
Focus on Applications, Components, Technology, Implementation, & Geography
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