Wireless Charging Market cover

Wireless Charging Market by Applications (Consumer Electronics, Defense, Automotive, Industrial, and Healthcare), Technology (Resonant, Inductive, and RF), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3233
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 5
  • No. Of Pages: 194
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The global wireless charging market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the growing adoption of this technology in consumer electronics devices globally.


Wireless Charging Market summary

Wireless charging is also known as inductive charging, can be defined as the method of transferring electricity without the use of a wire or wirelessly. It is based on the electromagnetic induction concept, in which an electric current is passed through a coiled wire, creating an electromagnetism field surrounding the magnet, and the power generated is then used to transmit charge. It is used in various applications for charging electronic devices, such as smart wearable watches, smartphones, medical devices tablets, vehicles, and others. Wireless charging has a numerous advantage, including the absence of sparks or electrical shock. It is also rust-free and has water-repellent properties. In comparison to a cable charger, it also uses less energy.

The COVID-19 outbreak has brought negative impact on the market. Due to the lockdown imposed by governments globally, manufacturers related to wireless charging technology faced supply chain disruptions, which is likely to hamper the wireless charging market growth. The market is expected to recover soon as several industries resumed their operation owing to subsiding the COVID cases gradually worldwide.

Market Trends, Drivers, Restraints, and Opportunities

  • Introducing technological innovations globally is one of the key factors driving the market growth.
  • Increasing awareness for physical fitness and wearable devices is expected to boost the market growth in the coming years.
  • Longer charging times and mobility issues is projected to hinder the market expansion during the forecast period.
  • Rising production cost and heavy competition presents a major challenge. This is anticipated to hamper the market growth in the projected period.
  • Focus on improving the power transmission range by key players in the region is projected to create significant growth opportunities for the market in the near future.

Scope of the Report

The report on the global wireless charging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Wireless Charging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Consumer Electronics, Defense, Automotive, Industrial, and Healthcare) and Technology (Resonant, Inductive, and RF)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Integrated Device Technology, Inc.; Qualcomm; PowerbyProxy; and WiTricity Corp.

Market Segment Insights

Consumer electronics segment to grow at a rapid pace

Based on applications, the global wireless charging market is segregated into consumer electronics, defense, automotive, industrial, and healthcare. The consumer electronics segment is expected to grow at a rapid pace during the forecast period owing to the growing prominence of cordless power experience by the consumers. However, the healthcare and defense segments are anticipated to hold a key share of the market in the coming years due to the ability to offer wireless charging for new generation ultra-small devices, which can penetrate deeper inside the body.

Wide application to drive inductive segment growth

On the basis of technology, the market is segmented into resonant, inductive, and RF (Radio Frequency). The inductive segment is projected to expand at a considerable CAGR during the forecast period attributed to wide usage applications into several technology, such as Qi and power matters alliance. On the other hand, the RF segment is anticipated to account for a major market share during the forecast period due to the property of eliminating the need for proper alignment in case of small devices, such as medical implants and wearable devices.


Wireless Charging Market technology

North America to constitute a key market share

In terms of regions, the global wireless charging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to consumers’ inclination towards more spending power for gadgets, such as tablets and smartphones in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period attributed for being a lucrative industry for consumer electronics devices. Moreover, it is also promising sector for hybrid electric vehicles, which is further expected to boost the market growth in across the region.


Wireless Charging Market region

Segments

Segments Covered in the Report

The global wireless charging market has been segmented on the basis of

Applications

  • Consumer Electronics
  • Defense
  • Automotive
  • Industrial
  • Healthcare

Technology

  • Resonant
  • Inductive
  • RF

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Integrated Device Technology, Inc.
  • Qualcomm
  • PowerbyProxy
  • WiTricity Corp.

Competitive Landscape

Key players competing in the global wireless charging market are Integrated Device Technology, Inc.; Qualcomm; PowerbyProxy; and WiTricity Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Wireless Charging Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wireless Charging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Wireless Charging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Wireless Charging Market - Supply Chain
  4.5. Global Wireless Charging Market Forecast
     4.5.1. Wireless Charging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wireless Charging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Wireless Charging Market Absolute $ Opportunity
5. Global Wireless Charging Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Wireless Charging Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Wireless Charging Demand Share Forecast, 2019-2026
6. North America Wireless Charging Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Wireless Charging Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Wireless Charging Demand Share Forecast, 2019-2026
7. Latin America Wireless Charging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Wireless Charging Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Wireless Charging Demand Share Forecast, 2019-2026
8. Europe Wireless Charging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Wireless Charging Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Wireless Charging Demand Share Forecast, 2019-2026
9. Asia Pacific Wireless Charging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Wireless Charging Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Wireless Charging Demand Share Forecast, 2019-2026
10. Middle East & Africa Wireless Charging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Wireless Charging Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Wireless Charging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Wireless Charging Market: Market Share Analysis
  11.2. Wireless Charging Distributors and Customers
  11.3. Wireless Charging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Integrated Device Technology, Inc.
     11.4.2. Qualcomm
     11.4.3. PowerbyProxy
     11.4.4. WiTricity Corp.

Segments Covered in the Report

The global wireless charging market has been segmented on the basis of

Applications

  • Consumer Electronics
  • Defense
  • Automotive
  • Industrial
  • Healthcare

Technology

  • Resonant
  • Inductive
  • RF

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Integrated Device Technology, Inc.
  • Qualcomm
  • PowerbyProxy
  • WiTricity Corp.

Key players competing in the global wireless charging market are Integrated Device Technology, Inc.; Qualcomm; PowerbyProxy; and WiTricity Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Wireless Charging Market keyplayers

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