Press release
Global Wireless Charging Market Trends and Analysis By Key Players: Powermat Technologies, Texas Instruments, PowerbyProxi, Powercast Corporation, Murata Manufacturing, Mojo Mobility, WiTricity Corporation
Wireless Charging Market
One of first officially commercialized wireless charging device was the Oral-B rechargeable toothbrush. Since then, wireless charging market has been witnessing a plethora of developments with regards to battery recharge in electrical devices. Recently, the electronics giant Sony patented a unique technology that can harness power from a range of devices such as smartphones, laptops, TVs, washing machines, and refrigerators. Another notable development observed in wireless charging industry in 2016 was the launch of LG G6 and Galaxy S8, sporting wireless charging technology.
Wireless Charging Market is anticipated to exceed USD 14 billion by 2024 with the industry growth pegged at a CAGR of over 13% from 2017 to 2024. Rise in the usage of wireless charging in several automotive and consumer applications is expected to propel the industry demand over forecast timeline. With ongoing technological advancements in the technology, wireless power charging built into desks, tables, and workstations, will soon become a reality. Several commercial places are implementing these solutions to attract more consumers and are providing hassle-free experience. Initiatives such as smart cities are further anticipated to surge the wireless charging market demand.
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Top Key Players:
Key players operating in the wireless charging market include Powermat Technologies, Texas Instruments, Inc., PowerbyProxi Ltd., Powercast Corporation, Murata Manufacturing Co. Ltd., Mojo Mobility, Inc., WiTricity Corporation, Energizer Holdings, Inc, Qualcomm Inc., Integrated Device Technology, Inc., among others.
Market share calculation in this report is not done based on companies covered in it. The calculation of wireless charging market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
A major factor aiding the U.S. wireless charging market growth are the incentives provided by its government for the development and the usage of the wireless charging equipment’s. The U.S federal government is providing tax credits of USD 2,500 to USD 7500 for each EV purchased in the country.
Increase in adoption of EVs in the country is anticipated to provide the industry several growth prospects. Moreover, several restaurants and coffee shops in the country are implementing the technology to increase the consumer awareness about the brand and provide a hassle-free user experience.
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Partial Chapter of the Table of Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and research parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Wireless charging industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Technology trends
2.1.4. Application trends
Chapter 3. Wireless Charging Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Supply chain analysis
3.4. Technology landscape
3.4.1. Wireless charging standards
3.4.1.1. Qi
3.4.1.2. Power Matters Alliance (PMA)
3.5. Regulatory landscape
3.5.1. FCC Part 15
3.5.2. FCC Part 18
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Growing smartphone demand in India and South-East Asia
3.6.1.2. High degree of convenience across Europe
3.6.1.3. Technological innovation in the U.S.
3.6.1.4. Rising need for wireless charging for electric vehicles (EV) in Europe and North America
3.6.1.5. Rising penetration in industrial and commercial environments in Asia Pacific
3.6.2. Industry pitfalls & challenges
3.6.2.1. Need for standardization
3.6.2.2. Mobility issues and longer charging times
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive landscape, 2016
3.9.1. Strategy dashboard
3.9.2. PESTEL analysis
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Apart from consumer electronics, healthcare sector is another domain that would impel wireless charging market share, owing to the miniaturization of products and the possibilities of performing operations without the use of batteries. In addition to this, the increasing deployment of this technology in vehicle-charging, defense, and industrial sectors, will also leave a subsequent impact on the wireless charging industry application landscape.
In a bid to reduce the utilization of unwanted cables, one of the globally renowned automotive market giants, BMW has recently launched a wireless charging pad for cars, which may allow passengers to charge their smartphones very effectively. Taking into account the future scope of wireless charging, BMW has also been evaluating and testing this technology further, which is likely to have a considerable impact on wireless charging market trends in the years ahead
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Global Market Insights, Inc.
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