Global Wireless Charging Market

Global Wireless Charging Market Analysis & Forecast (2018-2023): Focus on Applications, Components, Technology, Implementation & Geography

Global Wireless Charging market is expected to witness a significant growth during the forecast period registering a CAGR of 40.97% and 37.34% in terms of volume and value respectively.

SKU: ES039A
Published Year: 2019
 

Wireless charging has been around for a long time – in 1891 itself, a Siberian-American engineer and physician Nikola Tesla demonstrated the powering of an electric bulb without using wires. Modern day wireless charging is based on the technology of electromagnetic induction, the same technology that is used to power different devices, such as smartphones, electric toothbrush, wearable devices, and kitchen appliances. The growing demand for a convenient charging solution and developments in the smartphone industry has propelled the growth for wireless charging and companies operating in different spaces such as healthcare, consumer electronics, automotive, and commercial sector have shown interest in wireless power transfer.

Wireless charging means eliminating the use of wires to power devices. The wireless charging technology enables a battery-powered device to be automatically charged when placed near a transmitter. Wireless charging, which has witnessed significant developments in the past three years, has advantages that offer a huge potential for the wireless charging industry. Moreover, adoption of Qi (pronounced as chee) standard by the majority of the companies across the globe has been a significant boost for the wireless charging industry. Further, owing to the establishment of specific standards and extensive adoption the smartphone and wearable devices market, wireless charging technology is bound to expand into other sectors such as healthcare, aerospace, and defense as well in the coming years.

The demand for wireless charging varies in different regions. The wireless charging market holds a prominent share in countries of North America, Asia-Pacific (APAC), Europe, and Rest-of-the-World (RoW). Region-wise, North America led the global wireless charging market in 2017 in terms of value. APAC region, however, is estimated to witness the highest growth in this market during the forecast period,2018-2028. The growth of the wireless charging market in the APAC region is attributed to the widespread adoption of Qi standard for wireless charging and increased shipments of smartphones, smartwatches and other wearable devices. Additionally, wireless charging infrastructure for Electric Vehicles (EVs) is another factor expected to propel the growth in this region.

The global wireless charging market has witnessed several strategic and technological developments in the past few years, undertaken by different market players in their attempt to attain their respective market shares. Some of the strategies that the companies conduct and that are covered in this report are product launches, partnerships and collaborations, and mergers and acquisitions. The preferred strategy for the companies has been partnerships and collaborations that help them strengthen their positions in the global wireless charging market.

The key market players in the global wireless charging market are Aircharge, Belkin International, Inc., Convenient Power Limited, Energous Corporation, Integrated Device Technology, Inc., Infineon Technologies AG, NXP Semiconductors, NuCurrent Inc., Powermat Technologies Ltd., Qualcomm Incorporated, Samsung Electronics Co. Ltd., Semtech Corporation, TDK Corporation, Texas Instruments, and WiTricity Corporation among others.

The BIS report "Global Wireless Charging Market - Analysis and Forecast, 2018-2023, is a compilation of different segments of global wireless charging market including the market breakdown by implementation type, technology, region, and applications. The report further details market dynamics and the competitive landscape and profiles key participants of the industry.

The report answers the following questions on the global wireless charging market:

•    What will be the global wireless charging market value by 2023 and the market’s estimated CAGR?
•    What are the driving factors for the global wireless charging market from 2017 to 2023?
•    Which factors are impeding the growth of the global wireless charging market?
•    What are the trends and developments in the global wireless charging market?
•    What is the wireless charging market outlook by the implementation (integrated or aftermarket) during the forecast period, 2018-2023?
•    Which receiver application will be leading the global receiver market by 2023? 
•    Which transmitter application will be leading the global receiver market by 2023? 
•    Which region will be leading the global wireless charging market by 2023?

    Executive Summary
    1    Market Dynamics
          1.1    Introduction
          1.2    Market Drivers
                   1.2.1    Increasing shipments of Smartphones and other Wearable Devices fuelling the demand
                   1.2.2    Standardization of Regulations for Wireless Charging
                   1.2.3    Increasing In-built Wireless Charging Options in various applications
          1.3    Market Restraints
                   1.3.1     Fast Charging: Priority for Customers
                   1.3.2    High Price and Lower Efficiency of Wireless Charging
          1.4    Market Opportunities
                   1.4.1    Wireless Charging Infrastructure for Electric Vehicle (EV)
                   1.4.2    Far-Field Wireless Charging
                   1.4.3    Internet of Things (IoT) and Wireless Charging
 
    2    Competitive Landscape
          2.1    Key Strategies and Partnerships
                   2.1.1    Product Launches
                   2.1.2    Partnerships, Joint Venture and Collaborations
                   2.1.3    Business Expansion
                   2.1.4    Others
                   2.1.5    Merger & Acquisition
          2.2    Industry Attractiveness
          2.3    Leading Player Analysis
 
    3    Industry Analysis
          3.1    Patent Analysis
          3.2    Consortium and Associations
          3.3    Supply Chain Analysis
 
    4    Global Wireless Charging Market, By Technology
          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    Global Wireless Charging Market, By Implementation
          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    Global Wireless Charging Market, by Application
          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    Office & Education
                   6.3.3    Automotive
                               6.3.3.1    In-Vehicle
                               6.3.3.2    Electric Vehicle
                   6.3.4    Others
 
    7    Global Wireless Charging Market (by Region), $Million and Units Million, 2017-2023
          7.1    North America
                   7.1.1    North America Wireless Charging Market (by Country)
                               7.1.1.1    U.S.
                               7.1.1.2    Canada
                               7.1.1.3    Mexico
          7.2    Europe
                   7.2.1    Europe Wireless Charging Market (by Country)
                               7.2.1.1    Germany
                               7.2.1.2    France
                               7.2.1.3    U.K.
                               7.2.1.4    Rest-of-Europe
          7.3    Asia-Pacific
                   7.3.1    Asia-Pacific Wireless Charging Market (by Country)
                               7.3.1.1    China
                               7.3.1.2    India
                               7.3.1.3    Japan
                               7.3.1.4    South Korea
                               7.3.1.5    Rest-of-Asia-Pacific
          7.4    Rest-of-the-World (RoW)
                   7.4.1    RoW Wireless Charging Market (by Country)
                               7.4.1.1    Middle East & Africa (MEA)
                               7.4.1.2    Latin America
 
    8    Company Profiles
          8.1    Overview
          8.2    Air Charge
                   8.2.1    Company Overview
                   8.2.2    Product Portfolio
                   8.2.3    Corporate Summary
                   8.2.4    SWOT Analysis
          8.3    Belkin International, Inc.
                   8.3.1    Company Information
                   8.3.2    Product Portfolio
                   8.3.3    Corporate Summary
                   8.3.4    SWOT Analysis
          8.4    Convenient Power Limited
                   8.4.1    Company Overview
                   8.4.2    Product Portfolio
                   8.4.3    Corporate Summary
                   8.4.4    SWOT Analysis
          8.5    Energous Corporation
                   8.5.1    Company Overview
                   8.5.2    Product Portfolio
                   8.5.3    Financials
                               8.5.3.1    Financial Summary
                   8.5.4    SWOT Analysis
          8.6    Integrated Device Technology, Inc.
                   8.6.1    Company Overview
                   8.6.2    Product Portfolio
                   8.6.3    Financials
                               8.6.3.1    Financial Summary
                   8.6.4    SWOT Analysis
          8.7    Infineon Technologies AG
                   8.7.1    Company Overview
                   8.7.2    Product Offering
                   8.7.3    Financials
                               8.7.3.1    Financial Summary
                   8.7.4    SWOT Analysis
          8.8    NXP Semiconductors
                   8.8.1    Company Overview
                   8.8.2    Product Portfolio
                   8.8.3    Financials
                               8.8.3.1    Financial Summary
                   8.8.4    SWOT Analysis
          8.9    Powermat
                   8.9.1    Company Overview
                   8.9.2    Product Portfolio
                   8.9.3    Corporate Summary
                   8.9.4    SWOT Analysis
         8.10   Qualcomm Technologies Inc.
                   8.10.1    Company Overview
                   8.10.2    Product Portfolio
                   8.10.3    Financials
                   8.10.4    Financial Summary
         8.11   Samsung Electronics Co. Ltd.
                   8.11.1    Company Overview
                   8.11.2    Product Portfolio
                   8.11.3    Financials
                                 8.11.3.1    Financial Summary
                   8.11.4    SWOT Analysis
         8.12   Semtech Corporation
                   8.12.1    Company Overview
                   8.12.2    Product Portfolio
                   8.12.3    Financials
                                 8.12.3.1    Financial Summary
                   8.12.4    SWOT Analysis
         8.13   TDK Corporation
                    8.13.1    Company Overview
                    8.13.2    Product Portfolio
                    8.13.3    Financials
                                  8.13.3.1    Financial Summary
                    8.13.4    SWOT Analysis
          8.14   Texas Instruments Incorporated
                    8.14.1    Company Overview
                    8.14.2    Product Portfolio
                    8.14.3    Financials
                                  8.14.3.1    Financial Summary
                    8.14.4    SWOT Analysis
          8.15   WiTricity Corporation
                    8.15.1    Company Overview
                    8.15.2    Product Portfolio
                    8.15.3    Corporate Summary
                    8.15.4    SWOT Analysis
          8.16   NuCurrent Inc.
                    8.16.1    Company Overview
                    8.16.2    Product Portfolio
                    8.16.3    Corporate Summary
                    8.16.4    SWOT Analysis
 
    9    Research Scope & Methodology
          9.1    Scope of the Report
          9.2    Wireless Charging Research Methodology
 

List of Tables

Table 1:    Global Wireless Charging Market Snapshot, 2017 and 2023
Table 1.1:    Impact Analysis of Drivers
Table 1.2:    Impact Analysis of Restraints
Table 1.3:    Wireless vs Wired Charging Efficiencies
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 3.1:    Key Patents Filed in the year 2017
Table 3.2:    Consortium and Associations
Table 4.1:    Wireless Charging Market (by Technology), Units Million, 2017-2023
Table 4.2:    Wireless Charging Market (by Technology), $ Million, 2017-2023
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, 2017-2023
Table 5.2:    Wireless Charging Market (by Implementation), $ Million, 2017-2023
Table 6.1:    Global Receivers Market (by Application), Units Million, 2017-2023
Table 6.2:    Global Receivers Market (by Application), $ Million, 2017-2023
Table 6.3:    Global Transmitters for Wireless Charging (by Application), Units Million,  2017-2023
Table 6.4:    Global Transmitters for Wireless Charging (by Application), $ Million, 2017-2023
Table 6.5:    Global Commercial Transmitters for Wireless Charging, Units Million, 2017-2023
Table 6.6:    Global Commercial Transmitters for Wireless Charging, $ Million, 2017-2023
Table 6.7:    Wireless Charging at Public Venues
Table 6.8:    Global Automotive Transmitters for Wireless Charging (by application), Units Million, 2017-2023
Table 6.9:    Global Automotive Transmitters for Wireless Charging (by application), $ Million, 2017-2023
Table 6.10:    Some of the Key Players Adopting In-Vehicle Wireless Charging
Table 7.1:    Global Wireless Charging Market (by Region), Units Million, 2017-2023
Table 7.2:    Global Wireless Charging Market (by Region), $Million, 2017-2023
Table 7.3:    North America Wireless Charging Market (by Country), Units Million, 2017-2023
Table 7.4:    North America Wireless Charging Market (by Country), $Million, 2017-2023
Table 7.5:    Europe Wireless Charging Market (by Country), Units Million, 2017-2023
Table 7.6:    Europe Wireless Charging Market (by Country), $Million, 2016-2028
Table 7.7:    Asia-Pacific Wireless Charging Market (by Country), Units Million, 2017-2023
Table 7.8:    Asia-Pacific Wireless Charging Market (by Country), $Million, 2017-2023
Table 7.9:    RoW Wireless Charging Market (by Region), Units Million, 2017-2023
Table 7.10:    RoW Wireless Charging Market (by Country), $Million, 2017-2023
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

List of Figures

Figure 1:    Global Wireless Charging Market Snapshot
Figure 2:    Global Wireless Charging Market (by Technology)
Figure 3:    Wireless Charging Market (by Implementation), 2017 and 2023
Figure 4:    Receivers Wireless Charging Applications
Figure 5:    Global Wireless Charging Market (by Receiver Application), $Million, 2016, 2017, & 2023
Figure 6:    Transmitter Wireless Charging Applications
Figure 7:    Global Wireless Charging Market (by Transmitter Application), $Million, 2016, 2017, & 2023
Figure 8:    Global Wireless Charging Market (by Region), 2017
Figure 1.1:    Market Dynamics
Figure 1.2:    Global Smartphone Penetration, 2016-17 (Million Units)
Figure 1.3:    Comparison Between Wired and Wireless Charger for Samsung S9+
Figure 1.4:    Far-Field Wireless Charger
Figure 2.1:    Key Strategies and Developments
Figure 2.2:    Product Launch, 2016-2018
Figure 2.3:    Partnerships, Joint Venture and Collaborations, 2016-2018
Figure 2.4:    Merger & Acquisition, 2016-2018
Figure 2.5:    Industry Analysis Porter’s Five Forces
Figure 2.6:    Analysis of Leading Players
Figure 3.1:    Patent Filing Trend in Wireless Charging, 1996-2017
Figure 3.2:    Patent Filing Trends, by Company
Figure 3.3:    Supply Chain Analysis
Figure 4.1:    Global Wireless Charging Market (by Technology)
Figure 4.2:    Inductive Wireless Charging Market 2017-2023
Figure 4.3:    Resonant Wireless Charging Technology Market, 2017-2023
Figure 4.4:    RF Technology Wireless Charging Market, 2017-2023
Figure 4.5:    Others Technology Wireless Charging Market, 2017-2023
Figure 5.1:    Integrated Receiver Market for Wireless Charging, 2017-2023
Figure 5.2:    Receivers Aftermarket for Wireless Charging, 2017-2023
Figure 5.3:    Integrated Transmitter Wireless Charging Market, 2017-2023
Figure 5.4:    Aftermarket Transmitters Wireless Charging Market, 2017-2023
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:    Global Smartphone and Tablets Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.5:    Global Smart Wearables Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.6:    Global Other Consumer Electronics Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.7:    Implantable Medical Devices
Figure 6.8:    Global Healthcare Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.9:    Global Automotive Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.10:    Global Others Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.11:    Wireless Charging Transmitter Applications
Figure 6.12:    Global Consumer Electronics Wireless Charging Transmitter Market, Units Million & $ Million, 2017-2023
Figure 6.13:    Global Hospitality Transmitters for Wireless Charging, Units Million & $ Million, 2017-2023
Figure 6.14:    Global Public Avenues Transmitters for Wireless Charging, Units Million & $ Million, 2017-2023
Figure 6.15:    Global Office & Education Transmitters for Wireless Charging, Units Million & $ Million, 2017-2023
Figure 6.16:    Transmitter Market for In-vehicle Wireless Charging, $ Million & Units Million, 2017-2023
Figure 6.17:    Transmitter Market for Electric Vehicle Wireless Charging, $ Million & Units Million, 2017-2023
Figure 6.18:    Transmitter Market for Others Wireless Charging, $ Million & Units Million,  2017-2023
Figure 7.1:    Global Wireless Charging Market – Regional Segmentation
Figure 7.2:    Global Wireless Charging Market (by Region), 2017 and 2023
Figure 7.3:    North America Wireless Charging Market (by Country), Units Million,  2017 and 2023
Figure 7.4:    North America Wireless Charging Market (by Country), $Million, 2017 and 2023
Figure 7.5:    U.S. Wireless Charging Market, 2017-2023
Figure 7.6:    Canada Wireless Charging Market, 2017-2023
Figure 7.7:    Mexico Wireless Charging Market, 2017-2023
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, 2017, 2018, and 2028
Figure 7.10:    Germany Wireless Charging Market, 2017-2023
Figure 7.11:    France Wireless Charging Market, 2017-2023
Figure 7.12:    U.K. Wireless Charging Market, 2017-2023
Figure 7.13:    Rest-of-Europe Wireless Charging Market, 2017-2023
Figure 7.14:    Asia-Pacific Wireless Charging Market (by Country), $Million, 2017, 2023
Figure 7.15:    Asia-Pacific Wireless Charging Market (by Country), $Million, 2017 and 2023
Figure 7.16:    China Wireless Charging Market, 2017-2023
Figure 7.17:    India Wireless Charging Market, 2017-2023
Figure 7.18:    Japan Wireless Charging Market, 2017-2023
Figure 7.19:    South Korea Wireless Charging Market, 2017-2023
Figure 7.20:    Rest-of-Asia-Pacific Wireless Charging Market, 2017-2023
Figure 7.21:    RoW Wireless Charging Market (by Country), Units Million, 2017and 2023
Figure 7.22:    RoW Wireless Charging Market (by Country), $Million, 2017, and 2023
Figure 7.23:    Middle East and Africa Wireless Charging Market, 2017-2023
Figure 7.24:    Latin America Wireless Charging Market, 2017-2023
Figure 8.1:    Profiles by Ownership Type
Figure 8.2:    Aircharge: SWOT Analysis
Figure 8.3:    Belkin International Inc.: SWOT Analysis
Figure 8.4:    Convenient Power Limited: SWOT Analysis
Figure 8.5:    Energous Corporation: Overall Financials, 2015-2017
Figure 8.6:    Energous Corporation: SWOT Analysis
Figure 8.7:    Integrated Device Technology Inc.: Overall Financials, 2016-2018
Figure 8.8:    Integrated Device Technology Inc.: Net Revenue (by Region), 2016-2018
Figure 8.9:    Integrated Device Technology Inc.: Net Revenue (by segment), 2016-2018
Figure 8.10:    Integrated Device Technology Inc.: SWOT Analysis
Figure 8.11:    Infineon Technologies AG: Overall Financials, 2015-2017 ($Million)
Figure 8.12:    Infineon Technologies AG: Net Revenue (by Region), 2015-2017
Figure 8.13:    Infineon Technologies AG: Net Revenue (by Business Segment), 2015-2017
Figure 8.14:    Infineon Technologies AG: SWOT Analysis
Figure 8.15:    NXP Semiconductors: Overall Financials, 2015-2017
Figure 8.16:    NXP Semiconductors: Net Revenue (by Region), 2015-2017
Figure 8.17:    NXP Semiconductors: Net Revenue (by Business Segment), 2015-2017
Figure 8.18:    NXP Semiconductors: SWOT Analysis
Figure 8.19:    Powermat: SWOT Analysis
Figure 8.20:    Qualcomm Technologies Inc.: Overall Financials, 2015-2017
Figure 8.21:    Qualcomm Technologies Inc.: Net Revenue (by Region), 2015-2017
Figure 8.22:    Qualcomm Technologies Inc.: Net Revenue (by Business Segment), 2015-2017
Figure 8.23:    Qualcomm Technologies Inc.: SWOT Analysis
Figure 8.24:    Samsung Electronics Co. Ltd.: Overall Financials, 2015-2017
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, 2015-2017
Figure 8.37:    Texas Instruments Incorporated: Net Revenue (by Region), 2015-2017
Figure 8.38:    Texas Instruments Incorporated: Net Revenue (by Business Segment), 2015-2017
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

Wireless charging has been around for a long time - in 1891 itself a Siberian-American engineer and physician Nikola Tesla demonstrated the powering of an electric bulb without using wires.  Modern day wireless charging is based on the technology of electromagnetic induction, the same technology that is used to power different devices, such as smartphones, electric toothbrush, wearable devices, and kitchen appliances. The growing demand for a convenient charging solution and developments in the smartphone industry has propelled the growth for wireless charging and companies operating in different spaces such as healthcare, consumer electronics, automotive and commercial sectors have started showing interest in wireless power transfer.

Wireless charging means eliminating the use of wires to power devices. The wireless charging technology enables a battery-powered device to be automatically charged when placed near a transmitter. Wireless charging, which has witnessed significant developments in the past three years, has advantages that offer a huge potential for the wireless charging industry. Moreover, adoption of Qi (pronounced as chee) standard by the majority of the companies across the globe has been a significant boost for the wireless charging industry. Further, owing to the establishment of specific standards and extensive adoption the smartphone and wearable devices market, wireless charging technology is bound to expand into other sectors such as healthcare, aerospace, and defense as well in the coming years
 

Figure 1
Global Wireless Charging Market, 2018-2023

Wireless Charging Market

Source: Secondary Research and BIS Research Analysis

Global Wireless Charging market is expected to witness a significant growth during the forecast period registering a CAGR of 40.97% and 37.34% in terms of volume and value respectively. The global wireless charging market is driven by several factors such as increased shipments of smartphones and other wearable devices, standardization of regulations for wireless charging, and increasing in-built wireless charging options in various applications such as tables, side stools, and in-vehicle, among others. Innovations and ongoing research in the consumer electronic devices such as smartphones and wearable devices have been fuelling the growth for wireless charging market. Wireless charging is the next big thing in the smartphone industry, and many manufacturers have already started manufacturing smartphones enabled with wireless charging. However, the majority of the phones with wireless-enabled technology fall under the premium smartphone category at present. As the market grows and the demand for wireless power transmission increases, the technology will be embedded in various devices such as drones, laptops and handheld devices, among others and mid and low-range devices as well.

The challenges that restraint the growth of the global wireless charging market are; lack of fast charging options in wireless charging systems, high price, and low efficiency achieved, among others. Hence, wireless charging technology has not witnessed a popular adoption by consumers.  Also, the technological advancements in the wired-charging for smartphones have resulted in the development of fast-charging options available with wired charging systems, which is one of the prominent challenges that the wireless industry needs to tackle for the growth of its market.

Wireless charging or power transfer takes place when energy is transferred as electromagnetic waves from a transmitter to a receiver. On the basis of technology, the Wireless Charging market includes Inductive, Resonant and Radio Frequency (RF) technology-based wireless chargers, among others.

Inductive wireless charging is currently the most adopted solution for wireless charging and accounted for approximately 100% of the global wireless charging market in 2017. Inductive wireless charging technology transfers power using an electromagnetic field from the inductive coupling. The power is transferred from a transmitter using an induction coil to create alternating electromagnetic current, to a receiver coil, thereby creating an electromagnetic field. The electromagnetic field is then converted to an electric current, and the current is used to charge a device. Establishment of “Qi” (pronounced as ‘chee’) standard, has significantly catered to the growth of inductive wireless charging technology. Most of the smartphone manufacturers, which constitute a significant share of the wireless charging market, have adopted the Qi standard for wireless charging.

Region-wise, North America dominated the global wireless charging market in terms of volume and value in the year 2017. In the U.S. specifically, adoption of wireless charging for industrial applications, such as factory automation and high-power industrial equipment; and increasing awareness of wireless technology among consumers are some of the significant factors leading to the increased adoption of wireless charging. With the demand of electric vehicles (EV) rising at an exponential rate; various EV manufacturers are now moving to wireless charging systems. For instance, BMW 530e is one of the models offered by BMW in the U.S., which offers wireless charging systems for its consumers. Consumer electronics is also one of the key application areas for wireless charging in the country. The steady introduction and implementation of wireless technology in Samsung’s Galaxy smartphones, the Apple watch, and other wearable devices are also expected to boost the demand for wireless charging for consumer electronics in the country.

The global wireless charging market has witnessed several strategic and technological developments in the past few years, undertaken by different market players in their attempt to attain their respective market shares. Some of the strategies that the companies conduct and that are covered in this report are product launches, partnerships and collaborations, and mergers and acquisitions. The preferred strategy for the companies has been partnerships and collaborations that help them strengthen their positions in the global wireless charging market.

The key market players in the global wireless charging market are Aircharge, Belkin International, Inc., Convenient Power Limited, Energous Corporation, Integrated Device Technology, Inc., Infineon Technologies AG, NXP Semiconductors, NuCurrent Inc., Powermat Technologies Ltd., Qualcomm Incorporated, Samsung Electronics Co. Ltd., Semtech Corporation, TDK Corporation, Texas Instruments and WiTricity Corporation among others.

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Wireless charging has been around for a long time – in 1891 itself, a Siberian-American engineer and physician Nikola Tesla demonstrated the powering of an electric bulb without using wires. Modern day wireless charging is based on the technology of electromagnetic induction, the same technology that is used to power different devices, such as smartphones, electric toothbrush, wearable devices, and kitchen appliances. The growing demand for a convenient charging solution and developments in the smartphone industry has propelled the growth for wireless charging and companies operating in different spaces such as healthcare, consumer electronics, automotive, and commercial sector have shown interest in wireless power transfer.

Wireless charging means eliminating the use of wires to power devices. The wireless charging technology enables a battery-powered device to be automatically charged when placed near a transmitter. Wireless charging, which has witnessed significant developments in the past three years, has advantages that offer a huge potential for the wireless charging industry. Moreover, adoption of Qi (pronounced as chee) standard by the majority of the companies across the globe has been a significant boost for the wireless charging industry. Further, owing to the establishment of specific standards and extensive adoption the smartphone and wearable devices market, wireless charging technology is bound to expand into other sectors such as healthcare, aerospace, and defense as well in the coming years.

The demand for wireless charging varies in different regions. The wireless charging market holds a prominent share in countries of North America, Asia-Pacific (APAC), Europe, and Rest-of-the-World (RoW). Region-wise, North America led the global wireless charging market in 2017 in terms of value. APAC region, however, is estimated to witness the highest growth in this market during the forecast period,2018-2028. The growth of the wireless charging market in the APAC region is attributed to the widespread adoption of Qi standard for wireless charging and increased shipments of smartphones, smartwatches and other wearable devices. Additionally, wireless charging infrastructure for Electric Vehicles (EVs) is another factor expected to propel the growth in this region.

The global wireless charging market has witnessed several strategic and technological developments in the past few years, undertaken by different market players in their attempt to attain their respective market shares. Some of the strategies that the companies conduct and that are covered in this report are product launches, partnerships and collaborations, and mergers and acquisitions. The preferred strategy for the companies has been partnerships and collaborations that help them strengthen their positions in the global wireless charging market.

The key market players in the global wireless charging market are Aircharge, Belkin International, Inc., Convenient Power Limited, Energous Corporation, Integrated Device Technology, Inc., Infineon Technologies AG, NXP Semiconductors, NuCurrent Inc., Powermat Technologies Ltd., Qualcomm Incorporated, Samsung Electronics Co. Ltd., Semtech Corporation, TDK Corporation, Texas Instruments, and WiTricity Corporation among others.

The BIS report "Global Wireless Charging Market - Analysis and Forecast, 2018-2023, is a compilation of different segments of global wireless charging market including the market breakdown by implementation type, technology, region, and applications. The report further details market dynamics and the competitive landscape and profiles key participants of the industry.

The report answers the following questions on the global wireless charging market:

•    What will be the global wireless charging market value by 2023 and the market’s estimated CAGR?
•    What are the driving factors for the global wireless charging market from 2017 to 2023?
•    Which factors are impeding the growth of the global wireless charging market?
•    What are the trends and developments in the global wireless charging market?
•    What is the wireless charging market outlook by the implementation (integrated or aftermarket) during the forecast period, 2018-2023?
•    Which receiver application will be leading the global receiver market by 2023? 
•    Which transmitter application will be leading the global receiver market by 2023? 
•    Which region will be leading the global wireless charging market by 2023?

    Executive Summary
    1    Market Dynamics
          1.1    Introduction
          1.2    Market Drivers
                   1.2.1    Increasing shipments of Smartphones and other Wearable Devices fuelling the demand
                   1.2.2    Standardization of Regulations for Wireless Charging
                   1.2.3    Increasing In-built Wireless Charging Options in various applications
          1.3    Market Restraints
                   1.3.1     Fast Charging: Priority for Customers
                   1.3.2    High Price and Lower Efficiency of Wireless Charging
          1.4    Market Opportunities
                   1.4.1    Wireless Charging Infrastructure for Electric Vehicle (EV)
                   1.4.2    Far-Field Wireless Charging
                   1.4.3    Internet of Things (IoT) and Wireless Charging
 
    2    Competitive Landscape
          2.1    Key Strategies and Partnerships
                   2.1.1    Product Launches
                   2.1.2    Partnerships, Joint Venture and Collaborations
                   2.1.3    Business Expansion
                   2.1.4    Others
                   2.1.5    Merger & Acquisition
          2.2    Industry Attractiveness
          2.3    Leading Player Analysis
 
    3    Industry Analysis
          3.1    Patent Analysis
          3.2    Consortium and Associations
          3.3    Supply Chain Analysis
 
    4    Global Wireless Charging Market, By Technology
          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    Global Wireless Charging Market, By Implementation
          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    Global Wireless Charging Market, by Application
          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    Office & Education
                   6.3.3    Automotive
                               6.3.3.1    In-Vehicle
                               6.3.3.2    Electric Vehicle
                   6.3.4    Others
 
    7    Global Wireless Charging Market (by Region), $Million and Units Million, 2017-2023
          7.1    North America
                   7.1.1    North America Wireless Charging Market (by Country)
                               7.1.1.1    U.S.
                               7.1.1.2    Canada
                               7.1.1.3    Mexico
          7.2    Europe
                   7.2.1    Europe Wireless Charging Market (by Country)
                               7.2.1.1    Germany
                               7.2.1.2    France
                               7.2.1.3    U.K.
                               7.2.1.4    Rest-of-Europe
          7.3    Asia-Pacific
                   7.3.1    Asia-Pacific Wireless Charging Market (by Country)
                               7.3.1.1    China
                               7.3.1.2    India
                               7.3.1.3    Japan
                               7.3.1.4    South Korea
                               7.3.1.5    Rest-of-Asia-Pacific
          7.4    Rest-of-the-World (RoW)
                   7.4.1    RoW Wireless Charging Market (by Country)
                               7.4.1.1    Middle East & Africa (MEA)
                               7.4.1.2    Latin America
 
    8    Company Profiles
          8.1    Overview
          8.2    Air Charge
                   8.2.1    Company Overview
                   8.2.2    Product Portfolio
                   8.2.3    Corporate Summary
                   8.2.4    SWOT Analysis
          8.3    Belkin International, Inc.
                   8.3.1    Company Information
                   8.3.2    Product Portfolio
                   8.3.3    Corporate Summary
                   8.3.4    SWOT Analysis
          8.4    Convenient Power Limited
                   8.4.1    Company Overview
                   8.4.2    Product Portfolio
                   8.4.3    Corporate Summary
                   8.4.4    SWOT Analysis
          8.5    Energous Corporation
                   8.5.1    Company Overview
                   8.5.2    Product Portfolio
                   8.5.3    Financials
                               8.5.3.1    Financial Summary
                   8.5.4    SWOT Analysis
          8.6    Integrated Device Technology, Inc.
                   8.6.1    Company Overview
                   8.6.2    Product Portfolio
                   8.6.3    Financials
                               8.6.3.1    Financial Summary
                   8.6.4    SWOT Analysis
          8.7    Infineon Technologies AG
                   8.7.1    Company Overview
                   8.7.2    Product Offering
                   8.7.3    Financials
                               8.7.3.1    Financial Summary
                   8.7.4    SWOT Analysis
          8.8    NXP Semiconductors
                   8.8.1    Company Overview
                   8.8.2    Product Portfolio
                   8.8.3    Financials
                               8.8.3.1    Financial Summary
                   8.8.4    SWOT Analysis
          8.9    Powermat
                   8.9.1    Company Overview
                   8.9.2    Product Portfolio
                   8.9.3    Corporate Summary
                   8.9.4    SWOT Analysis
         8.10   Qualcomm Technologies Inc.
                   8.10.1    Company Overview
                   8.10.2    Product Portfolio
                   8.10.3    Financials
                   8.10.4    Financial Summary
         8.11   Samsung Electronics Co. Ltd.
                   8.11.1    Company Overview
                   8.11.2    Product Portfolio
                   8.11.3    Financials
                                 8.11.3.1    Financial Summary
                   8.11.4    SWOT Analysis
         8.12   Semtech Corporation
                   8.12.1    Company Overview
                   8.12.2    Product Portfolio
                   8.12.3    Financials
                                 8.12.3.1    Financial Summary
                   8.12.4    SWOT Analysis
         8.13   TDK Corporation
                    8.13.1    Company Overview
                    8.13.2    Product Portfolio
                    8.13.3    Financials
                                  8.13.3.1    Financial Summary
                    8.13.4    SWOT Analysis
          8.14   Texas Instruments Incorporated
                    8.14.1    Company Overview
                    8.14.2    Product Portfolio
                    8.14.3    Financials
                                  8.14.3.1    Financial Summary
                    8.14.4    SWOT Analysis
          8.15   WiTricity Corporation
                    8.15.1    Company Overview
                    8.15.2    Product Portfolio
                    8.15.3    Corporate Summary
                    8.15.4    SWOT Analysis
          8.16   NuCurrent Inc.
                    8.16.1    Company Overview
                    8.16.2    Product Portfolio
                    8.16.3    Corporate Summary
                    8.16.4    SWOT Analysis
 
    9    Research Scope & Methodology
          9.1    Scope of the Report
          9.2    Wireless Charging Research Methodology
 

List of Tables

Table 1:    Global Wireless Charging Market Snapshot, 2017 and 2023
Table 1.1:    Impact Analysis of Drivers
Table 1.2:    Impact Analysis of Restraints
Table 1.3:    Wireless vs Wired Charging Efficiencies
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 3.1:    Key Patents Filed in the year 2017
Table 3.2:    Consortium and Associations
Table 4.1:    Wireless Charging Market (by Technology), Units Million, 2017-2023
Table 4.2:    Wireless Charging Market (by Technology), $ Million, 2017-2023
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, 2017-2023
Table 5.2:    Wireless Charging Market (by Implementation), $ Million, 2017-2023
Table 6.1:    Global Receivers Market (by Application), Units Million, 2017-2023
Table 6.2:    Global Receivers Market (by Application), $ Million, 2017-2023
Table 6.3:    Global Transmitters for Wireless Charging (by Application), Units Million,  2017-2023
Table 6.4:    Global Transmitters for Wireless Charging (by Application), $ Million, 2017-2023
Table 6.5:    Global Commercial Transmitters for Wireless Charging, Units Million, 2017-2023
Table 6.6:    Global Commercial Transmitters for Wireless Charging, $ Million, 2017-2023
Table 6.7:    Wireless Charging at Public Venues
Table 6.8:    Global Automotive Transmitters for Wireless Charging (by application), Units Million, 2017-2023
Table 6.9:    Global Automotive Transmitters for Wireless Charging (by application), $ Million, 2017-2023
Table 6.10:    Some of the Key Players Adopting In-Vehicle Wireless Charging
Table 7.1:    Global Wireless Charging Market (by Region), Units Million, 2017-2023
Table 7.2:    Global Wireless Charging Market (by Region), $Million, 2017-2023
Table 7.3:    North America Wireless Charging Market (by Country), Units Million, 2017-2023
Table 7.4:    North America Wireless Charging Market (by Country), $Million, 2017-2023
Table 7.5:    Europe Wireless Charging Market (by Country), Units Million, 2017-2023
Table 7.6:    Europe Wireless Charging Market (by Country), $Million, 2016-2028
Table 7.7:    Asia-Pacific Wireless Charging Market (by Country), Units Million, 2017-2023
Table 7.8:    Asia-Pacific Wireless Charging Market (by Country), $Million, 2017-2023
Table 7.9:    RoW Wireless Charging Market (by Region), Units Million, 2017-2023
Table 7.10:    RoW Wireless Charging Market (by Country), $Million, 2017-2023
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

List of Figures

Figure 1:    Global Wireless Charging Market Snapshot
Figure 2:    Global Wireless Charging Market (by Technology)
Figure 3:    Wireless Charging Market (by Implementation), 2017 and 2023
Figure 4:    Receivers Wireless Charging Applications
Figure 5:    Global Wireless Charging Market (by Receiver Application), $Million, 2016, 2017, & 2023
Figure 6:    Transmitter Wireless Charging Applications
Figure 7:    Global Wireless Charging Market (by Transmitter Application), $Million, 2016, 2017, & 2023
Figure 8:    Global Wireless Charging Market (by Region), 2017
Figure 1.1:    Market Dynamics
Figure 1.2:    Global Smartphone Penetration, 2016-17 (Million Units)
Figure 1.3:    Comparison Between Wired and Wireless Charger for Samsung S9+
Figure 1.4:    Far-Field Wireless Charger
Figure 2.1:    Key Strategies and Developments
Figure 2.2:    Product Launch, 2016-2018
Figure 2.3:    Partnerships, Joint Venture and Collaborations, 2016-2018
Figure 2.4:    Merger & Acquisition, 2016-2018
Figure 2.5:    Industry Analysis Porter’s Five Forces
Figure 2.6:    Analysis of Leading Players
Figure 3.1:    Patent Filing Trend in Wireless Charging, 1996-2017
Figure 3.2:    Patent Filing Trends, by Company
Figure 3.3:    Supply Chain Analysis
Figure 4.1:    Global Wireless Charging Market (by Technology)
Figure 4.2:    Inductive Wireless Charging Market 2017-2023
Figure 4.3:    Resonant Wireless Charging Technology Market, 2017-2023
Figure 4.4:    RF Technology Wireless Charging Market, 2017-2023
Figure 4.5:    Others Technology Wireless Charging Market, 2017-2023
Figure 5.1:    Integrated Receiver Market for Wireless Charging, 2017-2023
Figure 5.2:    Receivers Aftermarket for Wireless Charging, 2017-2023
Figure 5.3:    Integrated Transmitter Wireless Charging Market, 2017-2023
Figure 5.4:    Aftermarket Transmitters Wireless Charging Market, 2017-2023
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:    Global Smartphone and Tablets Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.5:    Global Smart Wearables Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.6:    Global Other Consumer Electronics Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.7:    Implantable Medical Devices
Figure 6.8:    Global Healthcare Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.9:    Global Automotive Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.10:    Global Others Wireless Charging Receiver Market, Units Million & $ Million, 2017-2023
Figure 6.11:    Wireless Charging Transmitter Applications
Figure 6.12:    Global Consumer Electronics Wireless Charging Transmitter Market, Units Million & $ Million, 2017-2023
Figure 6.13:    Global Hospitality Transmitters for Wireless Charging, Units Million & $ Million, 2017-2023
Figure 6.14:    Global Public Avenues Transmitters for Wireless Charging, Units Million & $ Million, 2017-2023
Figure 6.15:    Global Office & Education Transmitters for Wireless Charging, Units Million & $ Million, 2017-2023
Figure 6.16:    Transmitter Market for In-vehicle Wireless Charging, $ Million & Units Million, 2017-2023
Figure 6.17:    Transmitter Market for Electric Vehicle Wireless Charging, $ Million & Units Million, 2017-2023
Figure 6.18:    Transmitter Market for Others Wireless Charging, $ Million & Units Million,  2017-2023
Figure 7.1:    Global Wireless Charging Market – Regional Segmentation
Figure 7.2:    Global Wireless Charging Market (by Region), 2017 and 2023
Figure 7.3:    North America Wireless Charging Market (by Country), Units Million,  2017 and 2023
Figure 7.4:    North America Wireless Charging Market (by Country), $Million, 2017 and 2023
Figure 7.5:    U.S. Wireless Charging Market, 2017-2023
Figure 7.6:    Canada Wireless Charging Market, 2017-2023
Figure 7.7:    Mexico Wireless Charging Market, 2017-2023
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, 2017, 2018, and 2028
Figure 7.10:    Germany Wireless Charging Market, 2017-2023
Figure 7.11:    France Wireless Charging Market, 2017-2023
Figure 7.12:    U.K. Wireless Charging Market, 2017-2023
Figure 7.13:    Rest-of-Europe Wireless Charging Market, 2017-2023
Figure 7.14:    Asia-Pacific Wireless Charging Market (by Country), $Million, 2017, 2023
Figure 7.15:    Asia-Pacific Wireless Charging Market (by Country), $Million, 2017 and 2023
Figure 7.16:    China Wireless Charging Market, 2017-2023
Figure 7.17:    India Wireless Charging Market, 2017-2023
Figure 7.18:    Japan Wireless Charging Market, 2017-2023
Figure 7.19:    South Korea Wireless Charging Market, 2017-2023
Figure 7.20:    Rest-of-Asia-Pacific Wireless Charging Market, 2017-2023
Figure 7.21:    RoW Wireless Charging Market (by Country), Units Million, 2017and 2023
Figure 7.22:    RoW Wireless Charging Market (by Country), $Million, 2017, and 2023
Figure 7.23:    Middle East and Africa Wireless Charging Market, 2017-2023
Figure 7.24:    Latin America Wireless Charging Market, 2017-2023
Figure 8.1:    Profiles by Ownership Type
Figure 8.2:    Aircharge: SWOT Analysis
Figure 8.3:    Belkin International Inc.: SWOT Analysis
Figure 8.4:    Convenient Power Limited: SWOT Analysis
Figure 8.5:    Energous Corporation: Overall Financials, 2015-2017
Figure 8.6:    Energous Corporation: SWOT Analysis
Figure 8.7:    Integrated Device Technology Inc.: Overall Financials, 2016-2018
Figure 8.8:    Integrated Device Technology Inc.: Net Revenue (by Region), 2016-2018
Figure 8.9:    Integrated Device Technology Inc.: Net Revenue (by segment), 2016-2018
Figure 8.10:    Integrated Device Technology Inc.: SWOT Analysis
Figure 8.11:    Infineon Technologies AG: Overall Financials, 2015-2017 ($Million)
Figure 8.12:    Infineon Technologies AG: Net Revenue (by Region), 2015-2017
Figure 8.13:    Infineon Technologies AG: Net Revenue (by Business Segment), 2015-2017
Figure 8.14:    Infineon Technologies AG: SWOT Analysis
Figure 8.15:    NXP Semiconductors: Overall Financials, 2015-2017
Figure 8.16:    NXP Semiconductors: Net Revenue (by Region), 2015-2017
Figure 8.17:    NXP Semiconductors: Net Revenue (by Business Segment), 2015-2017
Figure 8.18:    NXP Semiconductors: SWOT Analysis
Figure 8.19:    Powermat: SWOT Analysis
Figure 8.20:    Qualcomm Technologies Inc.: Overall Financials, 2015-2017
Figure 8.21:    Qualcomm Technologies Inc.: Net Revenue (by Region), 2015-2017
Figure 8.22:    Qualcomm Technologies Inc.: Net Revenue (by Business Segment), 2015-2017
Figure 8.23:    Qualcomm Technologies Inc.: SWOT Analysis
Figure 8.24:    Samsung Electronics Co. Ltd.: Overall Financials, 2015-2017
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, 2015-2017
Figure 8.37:    Texas Instruments Incorporated: Net Revenue (by Region), 2015-2017
Figure 8.38:    Texas Instruments Incorporated: Net Revenue (by Business Segment), 2015-2017
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

Wireless charging has been around for a long time - in 1891 itself a Siberian-American engineer and physician Nikola Tesla demonstrated the powering of an electric bulb without using wires.  Modern day wireless charging is based on the technology of electromagnetic induction, the same technology that is used to power different devices, such as smartphones, electric toothbrush, wearable devices, and kitchen appliances. The growing demand for a convenient charging solution and developments in the smartphone industry has propelled the growth for wireless charging and companies operating in different spaces such as healthcare, consumer electronics, automotive and commercial sectors have started showing interest in wireless power transfer.

Wireless charging means eliminating the use of wires to power devices. The wireless charging technology enables a battery-powered device to be automatically charged when placed near a transmitter. Wireless charging, which has witnessed significant developments in the past three years, has advantages that offer a huge potential for the wireless charging industry. Moreover, adoption of Qi (pronounced as chee) standard by the majority of the companies across the globe has been a significant boost for the wireless charging industry. Further, owing to the establishment of specific standards and extensive adoption the smartphone and wearable devices market, wireless charging technology is bound to expand into other sectors such as healthcare, aerospace, and defense as well in the coming years
 

Figure 1
Global Wireless Charging Market, 2018-2023

Wireless Charging Market

Source: Secondary Research and BIS Research Analysis

Global Wireless Charging market is expected to witness a significant growth during the forecast period registering a CAGR of 40.97% and 37.34% in terms of volume and value respectively. The global wireless charging market is driven by several factors such as increased shipments of smartphones and other wearable devices, standardization of regulations for wireless charging, and increasing in-built wireless charging options in various applications such as tables, side stools, and in-vehicle, among others. Innovations and ongoing research in the consumer electronic devices such as smartphones and wearable devices have been fuelling the growth for wireless charging market. Wireless charging is the next big thing in the smartphone industry, and many manufacturers have already started manufacturing smartphones enabled with wireless charging. However, the majority of the phones with wireless-enabled technology fall under the premium smartphone category at present. As the market grows and the demand for wireless power transmission increases, the technology will be embedded in various devices such as drones, laptops and handheld devices, among others and mid and low-range devices as well.

The challenges that restraint the growth of the global wireless charging market are; lack of fast charging options in wireless charging systems, high price, and low efficiency achieved, among others. Hence, wireless charging technology has not witnessed a popular adoption by consumers.  Also, the technological advancements in the wired-charging for smartphones have resulted in the development of fast-charging options available with wired charging systems, which is one of the prominent challenges that the wireless industry needs to tackle for the growth of its market.

Wireless charging or power transfer takes place when energy is transferred as electromagnetic waves from a transmitter to a receiver. On the basis of technology, the Wireless Charging market includes Inductive, Resonant and Radio Frequency (RF) technology-based wireless chargers, among others.

Inductive wireless charging is currently the most adopted solution for wireless charging and accounted for approximately 100% of the global wireless charging market in 2017. Inductive wireless charging technology transfers power using an electromagnetic field from the inductive coupling. The power is transferred from a transmitter using an induction coil to create alternating electromagnetic current, to a receiver coil, thereby creating an electromagnetic field. The electromagnetic field is then converted to an electric current, and the current is used to charge a device. Establishment of “Qi” (pronounced as ‘chee’) standard, has significantly catered to the growth of inductive wireless charging technology. Most of the smartphone manufacturers, which constitute a significant share of the wireless charging market, have adopted the Qi standard for wireless charging.

Region-wise, North America dominated the global wireless charging market in terms of volume and value in the year 2017. In the U.S. specifically, adoption of wireless charging for industrial applications, such as factory automation and high-power industrial equipment; and increasing awareness of wireless technology among consumers are some of the significant factors leading to the increased adoption of wireless charging. With the demand of electric vehicles (EV) rising at an exponential rate; various EV manufacturers are now moving to wireless charging systems. For instance, BMW 530e is one of the models offered by BMW in the U.S., which offers wireless charging systems for its consumers. Consumer electronics is also one of the key application areas for wireless charging in the country. The steady introduction and implementation of wireless technology in Samsung’s Galaxy smartphones, the Apple watch, and other wearable devices are also expected to boost the demand for wireless charging for consumer electronics in the country.

The global wireless charging market has witnessed several strategic and technological developments in the past few years, undertaken by different market players in their attempt to attain their respective market shares. Some of the strategies that the companies conduct and that are covered in this report are product launches, partnerships and collaborations, and mergers and acquisitions. The preferred strategy for the companies has been partnerships and collaborations that help them strengthen their positions in the global wireless charging market.

The key market players in the global wireless charging market are Aircharge, Belkin International, Inc., Convenient Power Limited, Energous Corporation, Integrated Device Technology, Inc., Infineon Technologies AG, NXP Semiconductors, NuCurrent Inc., Powermat Technologies Ltd., Qualcomm Incorporated, Samsung Electronics Co. Ltd., Semtech Corporation, TDK Corporation, Texas Instruments and WiTricity Corporation among others.

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