Wireless Charging Market – Global Industry Insights, Market Size Estimation and Growth Forecast By Technology (Inductive, Resonant, Radio Frequency and Others), By Application (Automotive, Consumer Electronics, Industrial, Aerospace & Defense, Healthcare and Others), & By Regions, 2017-2025

Report Description

The market for wireless charging has been covered under the scope of this report. Wireless charging offers energy transmission to batteries without the support of wires and cables. In wireless charging, charging can be done through different technologies such as inductive, microwave, magnetic resonant coupling, and radio frequency, among others. The global market has been segmented on the basis of technology, application, and region. It also provides a cross-sectional study of the wireless charging market across broad regional segments such as North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East and Africa (MEA) under its scope. The market is primarily being driven by the demand for wireless charging among electric vehicle (EV) users, the growing application of wireless charging in wearable devices and the increasing penetration of wireless charging in the consumer electronics industry globally.

Market Dynamics

The primary driving factors of the wireless charging market are the increasing demand for portable and cordless charging solutions among end users, such as users of consumer electronics, electric vehicles, and wearable gadgets. Wireless charging eradicates the need to carry charging cables and decreases the risk of busting charging cables due to overuse and convenience of charging consumer electronics from charging stations placed in public places. The depletion of non-renewable energy resources and rising environmental consciousness among users have generated a huge demand for electric vehicles (EV) in developed countries. Growing usage of wireless charging in EVs has created a significant opportunity for the market. In addition, rising demand for wireless charging-enabled wearable devices such as smart watches, health monitoring bands, and pedometers among consumers is also fuelling the growth of the market. Considering the positive impacts of the aforementioned factors, the demand for wireless charging is expected to grow during the forecast period from 2017 to 2025.

The Scope of the Report

A complete analysis of market dynamics, which includes the market drivers, restraints, and opportunities, is included within the scope of the report. Market dynamics for the different segments, namely technology and application, have been covered separately under the purview of the report. Thus, this report provides an exhaustive study of the global market and also provides a forecast of the market for the period from 2017 to 2025.

Within the scope of the report on the global wireless charging market, several high-level analyses have been covered. This includes product-market trend analysis, product lifecycle analysis, Porter’s five forces analysis, and market attractiveness analysis. Key trends analysis discusses the current and upcoming trends in this market. Product lifecycle analysis analyses the current lifecycle stage of the product in the five wide geographic regions, such as whether the product is approaching maturity in a region or whether it is a new entrant, etc. Porter’s five forces analysis provides insights into the competitive scenario with regards to new entrants, substitutes, buyers, and suppliers. To provide a detailed insight into the global market, the attractive study has been included in the report. The market attractiveness analysis details the investment attractiveness of each technology, application, and geography.

The Competitive Profiling

The competitive profiling of the key players in the market and their business segments have been exhaustively covered under the purview of the study. Moreover, the specific business strategies of key players in the market have also been covered in the report.

Market Segmentation Overview

Based on technology

Based on technology, global market is segmented into inductive, resonant, radio frequency and others. As of 2016, inductive wireless charging held the largest share owing to wide application in EVs, comparatively mature state of the technology and growing usage in consumer electronics.

• Inductive
• Resonant
• Radio Frequency
• Others

Based on application

In terms of application, the market has been segmented into automotive, consumer electronics, industrial, aerospace & defense, healthcare and others. As of 2016, consumer electronics held the largest share of the market.

• Automotive
• Consumer Electronics
• Industrial
• Aerospace & Defense
• Healthcare
• Others

Wireless Charging Market, by Region

• North America
  • The U.S.
  • Canada
• Europe
  • The U.K
  • Germany
  • CIS + Scandinavia
  • Rest of the Europe
• Asia Pacific
  • China
  • Taiwan
  • South Korea
  • Rest of the Asia Pacific
• Latin America
  • Mexico
  • Brazil
  • Rest of the Latin America
• The Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of the MEA

Regional Outlook

By region, the global wireless charging market has been segmented into five regions: North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East and Africa (MEA). In 2016, Asia Pacific occupied the largest share of the market. The large market share can be attributed to the strong user base for consumer electronics products, growing usage of wireless charging in the healthcare sector, and strong growth of the semiconductor and electronics sectors in this region.

Leading Player Mapping

Some major players in the market are: Samsung Electronics Co. Ltd. (South Korea), Texas Instruments Inc.  (The U.S.), Integrated Device Technology (The U.S.), Qualcomm Technologies (The U.S.), Energizer Holdings, Inc. (The U.S.), WiTricity Corporation (The U.S.), Powermat Technologies Ltd. (Israel), Sony Corporation (Japan), Murata Manufacturing Company, Ltd. (Japan) and Fulton Innovation LLC (The U.S.) among others.