Wireless Charging Market - Developments and Trends, Potential of the Market from 2017-2023

Author: Akash Sangshetti

Market Scenario

Wireless power transmission is not a new concept to this world, it was founded in early 1891 when Nikola Tesla demonstrated the wireless power transmission model to this world without any use of wires. Today, Wireless Charging have various technology such as Inductive Coupling, Capacitive Coupling, RF among others.

High demand for Smartphones

High demand for the smartphones are one of the major driving factor for the market of wireless charging. Consumer electronic segments accounted for 31.53% of market share in the global wireless charging market where Smartphones segment accounted for 51.46% of total market share. Increasing disposable income around the world is leading to the high expenditure on the electronic products which includes purchase of smartphones and wearable devices. A study shows that the total shipment of smartphones around the was estimated to be at 1.5 billion in the year 2016 which is expected to grow at 2 billion shipments by the end of year 2023.

The global Wireless Charging Market is expected to reach USD 24.05 billion by the end of 2023 with 32.56% CAGR during forecast period 2017-2023.

Key Players:

The prominent players in the market of Wireless Charging market are – Samsung Electronics Co Ltd. (South Korea), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), NXP Semiconductors (Netherlands), Powermat Technologies Ltd (Israel), WiTricity Corporation (U.S.), PowerbyProxi (New Zealand), Qualcomm Inc. (U.S.), TDK Corporation (Japan), Convenient Power HK Limited (China) among others.

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Regional Analysis:

Regional analysis of Wireless Charging market consists four major regions where the study of key countries has been done. Wireless charging market holds immense opportunities in the Asia pacific region which is dominating the market. factors such as high demand for the consumer electronic products in Asia pacific, high technological advancement in North America and rich presence of automotive industry in the Europe is supporting the market of Wireless charging market.

Intended Audience

  • Smartphone Manufactures
  • Battery Manufacturers
  • Technology Providers
  • Wireless Charger Manufactures
  • Chip Manufacturers
  • Wireless Charger Suppliers
  • Distributors
  • Research firms
  • Consultancy firms
  • Semiconductor Manufacturers
  • Stakeholders
  • End-user sectors
  • Technology Investors

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TABLE OF CONTENTS

LIST OF TABLES$

TABLE 1 DEVICES WITH BUILT-IN WIRELESS CHARGING 12

TABLE 2 MARKET FACTOR ANALYSIS 19

TABLE 3 GLOBAL WIRELESS CHARGING MARKET, BY TECHNOLOGY (USD MILLION) (2016-2023) 20

TABLE 4 INDUCTIVE COUPLING WIRELESS CHARGING MARKET, BY REGION (USD MILLION) 22

TABLE 5 CAPACITIVE COUPLING WIRELESS CHARGING MARKET, BY REGION (USD MILLION) 24

TABLE 6 OTHERS WIRELESS CHARGING MARKET, BY REGION (USD MILLION) 25

TABLE 7 GLOBAL WIRELESS CHARGING MARKET, BY COMPONENTS (USD MILLION) (2016-2023) 26

TABLE 8 TRANSMITTERS WIRELESS CHARGING MARKET, BY REGION (USD MILLION) (2016-2023) 28

TABLE 9 RECEIVERS WIRELESS CHARGING MARKET, BY REGION (USD MILLION) (2016-2023) 29

TABLE 10 GLOBAL WIRELESS CHARGING MARKET, BY APPLICATION (USD MILLION) (2016-2023) 32

TABLE 11 CONSUMER ELECTRONICS WIRELESS CHARGING MARKET, BY PRODUCTS (USD MILLION) (2016-2023) 34

TABLE 12 CONSUMER ELECTRONICS WIRELESS CHARGING MARKET, BY REGION (USD MILLION) (2016-2023) 35

TABLE 13 CONSUMER ELECTRONICS MARKET BY SMARTPHONES, BY REGION (USD MILLION) (2016-2023) 36

TABLE 14 CONSUMER ELECTRONICS MARKET BY TABLETS, BY REGION (USD MILLION) (2016-2023) 37

List Of Figures

FIGURE 1 GLOBAL WIRELESS CHARGING MARKET: DRIVERS & RESTRAINT 11

FIGURE 2 GLOBAL SMARTPHONE SHIPMENTS 2015-2025 (IN MILLION UNITS) 12

FIGURE 3 WORLD ELECTRICAL VEHICLES PRODUCTION (2015) 14

FIGURE 4 US PHEV CAR SALES 2011-2016 (SALES IN THOUSANDS) 14

FIGURE 5 GLOBAL EV SALES OUTLOOK 2011-2020 (MILLIONS OF UNITS) 15

FIGURE 6 GLOBAL WIRELESS CHARGING MARKET: SUPPLY CHAIN PROCESS 17

FIGURE 7 GLOBAL WIRELESS CHARGING MARKET: PORTER’S FIVE FORCES ANALYSIS 18

FIGURE 8 GLOBAL WIRELESS CHARGING MARKET, BY TECHNOLOGY MARKET SHARE (%) (2016, 2023) 20

FIGURE 9 GLOBAL WIRELESS CHARGING MARKET SHARE, BY TECHNOLOGY (%) (2016-2023) 21

FIGURE 10 INDUCTIVE COUPLING EXAMPLE 22

FIGURE 11 INDUCTIVE COUPLING WIRELESS CHARGING MARKET, BY REGION 22

FIGURE 12 CAPACITIVE COUPLING EXAMPLE 23

FIGURE 13 CAPACITIVE COUPLING WIRELESS CHARGING MARKET, BY REGION (USD MILLION) 24

FIGURE 14 OTHERS WIRELESS CHARGING MARKET, BY REGION (USD MILLION) 25

FIGURE 15 GLOBAL WIRELESS CHARGING MARKET, BY COMPONENTS MARKET SHARE (%) (2016, 2023) 26

FIGURE 16 GLOBAL WIRELESS CHARGING MARKET, BY COMPONENTS MARKET SHARE % (2016-2023) 27

FIGURE 17 TRANSMITTERS WIRELESS CHARGING MARKET, BY REGION (USD MILLION) (2016-2023) 28

FIGURE 18 RECEIVERS WIRELESS CHARGING MARKET, BY REGION (USD MILLION) (2016-2023) 30

FIGURE 19 GLOBAL WIRELESS CHARGING MARKET, BY APPLICATION 32

FIGURE 20 CONSUMER ELECTRONICS MARKET, BY PRODUCTS 33

Continued…

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