Wireless charging is the transfer of power from a power outlet to your device, without the need for a connecting cable. Wireless charging is a reliable, convenient, and safe technology to power and charge electrical devices. The global Wireless Charging market is projected to rise at significant rate in the years ahead.
The penetration of wireless charging is anticipated to upsurge in wearable devices in the coming years. Wireless charging market is expected to experience a thriving in electrical vehicles too. In-car charging and wireless charging of electrical vehicles are the significant trends in the automotive industry. In addition to this, rising electrical vehicles manufacturing worldwide will support in the growth of the global wireless charging market in the next few years.
On the down side, retentive the costs low is the main challenge for the wireless charging devices market. Moreover, substantial investments in R&D are being made by the market participants, wherein the top players are mainly focusing on improving the power transmission range. This would facilitate charging of devices wirelessly over long distances, subsequently intensifying the application base. This crucial fact is further boosting the growth of the global Wireless Charging market.
Covid-19 Impact on Wireless Charging Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Wireless Charging Market Segment Overview
Based on Technology, the Inductive segment has the largest share in the Wireless Charging market. Inductive technology is mature and has large demand in wireless charging market due to its use in all the applications. Additionally, RF and resonant technologies are gaining grip in the wireless charging market. Companies such as Qualcomm and Samsung support resonant technology that allows charging multiple devices simultaneously.
The Consumer Electronics is the largest application segment in the market. Consumer electronic products such as smartphones, laptops, tablets, MP3s, wearables, gaming console, and personal digital assistance are in high demand, particularly in the Asia Pacific region due to changing consumer lifestyle preferences, expansion of urban population, and the increasing number of internet users. Manufacturers of consumer electronics are thus increasingly producing wireless charging products.
Wireless Charging Market, By Technology
· Inductive
· RF and Resonant
Wireless Charging Market, By Application
· Consumer Electronics
· Industrial
· Medical
· Automotive
· Defense
Wireless Charging Market Regional Overview
On the basis of geography, North America is expected to hold the maximum share of the wireless charging market in during the forecast period. Important factors such as presence of a large number of market players in this region, growing adoption of wireless charging for industrial applications and increasing awareness of wireless power technology among consumers are boosts the growth of the market in this region. Similarly, the Asia Pacific is expected to register the fastest growth during the forecast period. This is because of vast use of electronics devices such as smartphones and laptops in this region.
Wireless Charging Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Wireless Charging Market Competitor overview
Some key developments and strategies adopted by manufacturers in Wireless Charging are highlighted below.
· In April 2020, OnePlus has announced Warp Charge 30 Wireless as its proprietary wireless charging technology ahead of the OnePlus 8 series launch. The new technology is touted to charge a compatible device from one percent to 50 percent in half an hour.
· In August 2021, Global smartphone maker Xiaomi has launched a new 100W wireless charger in China called Mi 100W Wireless Charging Stand.
Wireless Charging Market, Key Players
· Qualcomm Inc.
· Fulton Innovation LLC
· Texas Instruments, Inc.
· WiTricity Corporation
· Convenient Power HK Ltd.
· Integrated Device Technology, Inc.
· Murata Manufacturing Co. Ltd.
· Duracell Powermat (Procter & Gamble Co.)
· Energizer Holdings, Inc
· Oregon Scientific, Inc.
· Anker
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Wireless Charging Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Technology
- 5.2.1. Inductive
- 5.2.2. RF and Resonant
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Consumer Electronics
- 5.3.2. Industrial
- 5.3.3. Medical
- 5.3.4. Automotive
- 5.3.5. Defense
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Wireless Charging Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Technology
- 6.2.1. Inductive
- 6.2.2. RF and Resonant
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Consumer Electronics
- 6.3.2. Industrial
- 6.3.3. Medical
- 6.3.4. Automotive
- 6.3.5. Defense
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Wireless Charging Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Technology
- 7.2.1. Inductive
- 7.2.2. RF and Resonant
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Consumer Electronics
- 7.3.2. Industrial
- 7.3.3. Medical
- 7.3.4. Automotive
- 7.3.5. Defense
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Wireless Charging Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Technology
- 8.2.1. Inductive
- 8.2.2. RF and Resonant
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Consumer Electronics
- 8.3.2. Industrial
- 8.3.3. Medical
- 8.3.4. Automotive
- 8.3.5. Defense
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Wireless Charging Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Technology
- 9.2.1. Inductive
- 9.2.2. RF and Resonant
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Consumer Electronics
- 9.3.2. Industrial
- 9.3.3. Medical
- 9.3.4. Automotive
- 9.3.5. Defense
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Qualcomm Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Fulton Innovation LLC
- 10.6. Texas Instruments, Inc.
- 10.7. WiTricity Corporation
- 10.8. Convenient Power HK Ltd.
- 10.9. Integrated Device Technology, Inc.
- 10.10. Murata Manufacturing Co. Ltd.
- 10.11. Duracell Powermat (Procter & Gamble Co.)
- 10.12. Energizer Holdings, Inc
- 10.13. Oregon Scientific, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
