Market Research Future published a research report on “Wireless Charging Industry Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Wireless Charging Industry - Overview

Wireless Charging Industry is still in the growth phase and new applications are coming in the picture every day. For the purpose of this report, Market Research Future has bifurcated the application segment into consumer electronics, Industrial, Infrastructure, and Automotive among others. Consumer electronics segment accounts for the largest market share in the year 2016. High demand for the consumer electronic products such as smartphones, tablets, wearable devices among others are the major driving factor for the growth of the consumer electronics segment. Smartphones segment accounts for highest market share in the year 2016. Increasing disposable income around the world is leading to the high expenditure on the electronic products which includes purchase of smartphones and wearable devices. Growing demand of smartphones around the world, especially in Asia Pacific is one of the major driving facto which is supporting the market of smartphone wireless charging.

The Wireless Charging Industry is expected to get high growth in coming years. Huge demand of smartphones, developing market for electric vehicles, growth in semiconductor industry, and developing market of IoT are some factors driving the market growth during forecast period 2016-2023. However, high cost and compatibility issues are some of the factors hampering the market growth.

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Wireless Charging Industry Segmental Analysis

The report is segmented into four key market dynamics to widen the scope of understanding,

• By Technology: Inductive Coupling and Capacitive Coupling, among others.
• By Component: Transmitters and Receivers.
• By Application: Smartphones, Tablets, Consumer Electronics, Wearable Devices, Healthcare, Aerospace, Defence, Automotive, and Industrial, among others.
• By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.

Key Players:

The prominent players in the Wireless Charging Industry – 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.

Regional Analysis

The Asia Pacific region dominates the global wireless charging market. The region holds immense growth potential to grow further exponentially. Furthermore, the rapidly growing consumer electronics sector drives the regional market growth, creating a massive demand in the market.

Availability of charging devices at a much affordable cost and the presence of many electronic devices manufacturing companies foster the regional market. China, Japan, and India have been leading the APAC wireless charging market in terms of market share, and this trend would continue in the upcoming years. The market is further expected to generate a substantial revenue pocket through 2018-2023.

The wireless charging market in North America takes the second lead, globally.  The region is a hub for technological advances, and the presence of a well-established infrastructure supports market progress, allowing early implementations of advanced technologies. The North American wireless charging market demonstrates a vast revenue generation potential, particularly from the automotive and consumer electronics industry verticals.

The US and Canada account for significant contributors to regional market growth. Moreover, the presence of major manufacturers, increasing demand for digital technologies, and growing technological advancements are some of the factors boosting the size of the regional market.

European wireless charging market is growing rapidly, mainly due to the huge uptake of various electronics devices across the region. Perceiving a huge demand, the market in this region is expected to grow at a considerable CAGR throughout the review period. The burgeoning electronics industry, especially in the UK and Germany, is contributing to the market growth in the region majorly.

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TABLE OF CONTENTS

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

Continued…

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