Market By Component, Technology, End-users, And Geography | Forecast 2019-2028
Triton Market Research predicts that the global market for wireless charging would witness a CAGR of 24.89% over the forecast period to reach $28.61 billion by 2028 from $3.87 billion in 2019. The impact of COVID-19 on wireless charging has also been taken into account for the studied market.
Wireless charging eliminates the use of wires to power devices. It is the process of charging battery-powered devices without any cables. A wireless charging system has two main components: transmitter and receiver. The transmitter is part of a wireless charger, which transmits the power. The receiver is attached to the device that has to be charged. Companies operating in different spaces such as automotive, consumer electronics, healthcare, and commercial sector have shown interest in wireless power transfer.
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Triton Market Research’s report on the wireless charging market provides an in-depth insight of the market. The detailed analysis of the market includes key market insights, vendor scorecard, industry components, Porter’s five force analysis, the impact of the coronavirus pandemic on wireless charging, and the market attractiveness index.
Factors such as the need for convenience & effective charging systems, rising number of smartphones & other wearable devices, and the rise in the number of electric vehicles are expected to foster the growth of the market during the forecast period. Wireless charging is not only convenient, but also effective and time-saving. Further, smartphones, a necessity in today’s world, have witnessed a revolution in the charging platform. Latest mobile phones, such as iPhone 8 and X, Google Nexus, Samsung Galaxy, and Nokia Lumia, are all compatible with wireless charging. In addition, smart wearables such as smartwatches, fitness wristbands, fitness necklaces, and wearables are also coming with wireless charging features. As people have hectic lifestyles, they prefer to carry lightweight stuff in their bags. They also prefer using products or technology that is convenient and easy to use. Thus wireless charging is attracting consumers
Furthermore, the adoption of smart homes & smart offices and in-built wireless charging options in various applications are expected to act as some opportunities for the market. Nowadays, smart homes are coming up with wireless charging solutions. Furniture, appliances, electronics, and construction companies are now embedding wireless chargers in their products themselves. IKEA and ZENS are providing embedded furniture. The IKEA line of furniture, which has embedded wireless chargers, is known as the “Home-Smart” Line. It includes desks, lamps, and bedside tables, and are widely available in North America and Europe markets.
Though the market is progressing at a promising rate, several factors such as, slower charging speed compared to counterparts, high price & lower efficiency, slower charging speed compared to counterparts, high price, and lower efficiency are restricting the market growth. Wireless charging consumes a lot more time and power as compared to a wired fast charger. For instance, Samsung Galaxy S6 can charge from zero to full power in one hour and forty-eight minutes (1.48 hrs); whereas, wireless charging for the same device takes approximately three hours and one minute (3.01 hrs). Furthermore, the introduction of turbo or fast-charging solutions will also act as a major hindrance for the growth of the wireless charging industry over the coming years.
Key geographies covered in global wireless charging market are:
• North America: United States and Canada
• Europe: United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe
• Asia-Pacific: China, Japan, India, Australia, South Korea, Taiwan, ASEAN Countries, and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and Rest of Latin America
• Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle East & Africa
The segmentation analysis of the wireless charging market includes:
• Components is segmented into:
o Transmitters
o Receivers
• Technology is segmented into:
o Inductive
o Resonant
o Radio Frequency
o Other Technologies
• End Users are segmented into:
o Automotive
o Consumer Electronics
• Smartphones
• Tablets
• Wearable devices
• Others
o Industrial
o Healthcare
o Aerospace & Defense
o Other End Users
The major players in the wireless charging market are Energous Corporation, NuCurrent, Infineon Technologies AG, Qualcomm Technologies Inc, Texas Instruments Incorporated, Powermat, TDK Corporation, Belkin International Inc, NXP Semiconductors, Semtech, Aircharge, Samsung, Renesas Electronics Corporation (Integrated Device Technology Inc), ConvenientPower HK Limited, and WiTricity Corporation.
Market by Technology (Data ana ..
VIEW REPORT1. GLOBAL WIRELESS CHARGING MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. INCLINATION OF FOOD CHAINS TOWARD POWERMAT & CHARGING POINTS
2.2.2. FAR-FIELD WIRELESS CHARGING
2.2.3. USE OF WIRELESS CHARGING IN MULTIPLE FIELDS
2.3. IMPACT OF COVID-19 ON WIRELESS CHARGING
2.4. PORTER’S FIVE FORCE ANALYSIS
2.4.1. THREAT OF NEW ENTRANTS
2.4.2. THREAT OF SUBSTITUTE
2.4.3. BARGAINING POWER OF BUYERS
2.4.4. BARGAINING POWER OF SUPPLIERS
2.4.5. THREAT OF COMPETITIVE RIVALRY
2.5. MARKET ATTRACTIVENESS INDEX
2.6. VENDOR SCORECARD
2.7. INDUSTRY COMPONENTS
2.8. MARKET DRIVERS
2.8.1. NEED FOR CONVENIENCE & EFFECTIVE CHARGING SYSTEMS
2.8.2. RISING NUMBER OF SMARTPHONES & OTHER WEARABLE DEVICES
2.8.3. GROWTH OF ELECTRIC VEHICLES
2.9. MARKET RESTRAINTS
2.9.1. SLOWER CHARGING SPEED COMPARED TO COUNTERPARTS
2.9.2. HIGH PRICE & LOWER EFFICIENCY
2.10. MARKET OPPORTUNITIES
2.10.1. ADOPTION OF SMART HOMES & SMART OFFICES
2.10.2. IN-BUILT WIRELESS CHARGING OPTIONS IN VARIOUS APPLICATIONS
2.11. MARKET CHALLENGES
2.11.1. ABSENCE OF UNIFIED STANDARDS IN RELATION TO CONFORMITY
2.11.2. LACK OF PROPER ELECTRIC VEHICLE CHARGING INFRASTRUCTURE
3. GLOBAL WIRELESS CHARGING MARKET OUTLOOK - BY COMPONENTS
3.1. TRANSMITTERS
3.2. RECEIVERS
4. GLOBAL WIRELESS CHARGING MARKET OUTLOOK - BY TECHNOLOGY
4.1. INDUCTIVE
4.2. RESONANT
4.3. RADIO FREQUENCY
4.4. OTHER TECHNOLOGIES
5. GLOBAL WIRELESS CHARGING MARKET OUTLOOK - BY END-USERS
5.1. AUTOMOTIVE
5.2. CONSUMER ELECTRONICS
5.2.1. SMARTPHONES
5.2.2. TABLETS
5.2.3. WEARABLE DEVICES
5.2.4. OTHERS
5.3. INDUSTRIAL
5.4. HEALTHCARE
5.5. AEROSPACE & DEFENSE
5.6. OTHER END-USERS
6. GLOBAL WIRELESS CHARGING MARKET – REGIONAL OUTLOOK
6.1. NORTH AMERICA
6.1.1. MARKET BY COMPONENTS
6.1.2. MARKET BY TECHNOLOGY
6.1.3. MARKET BY END-USERS
6.1.4. MARKET BY CONSUMER ELECTRONICS
6.1.5. COUNTRY ANALYSIS
6.1.5.1. UNITED STATES
6.1.5.2. CANADA
6.2. EUROPE
6.2.1. MARKET BY COMPONENTS
6.2.2. MARKET BY TECHNOLOGY
6.2.3. MARKET BY END-USERS
6.2.4. MARKET BY CONSUMER ELECTRONICS
6.2.5. COUNTRY ANALYSIS
6.2.5.1. UNITED KINGDOM
6.2.5.2. GERMANY
6.2.5.3. FRANCE
6.2.5.4. SPAIN
6.2.5.5. ITALY
6.2.5.6. RUSSIA
6.2.5.7. REST OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET BY COMPONENTS
6.3.2. MARKET BY TECHNOLOGY
6.3.3. MARKET BY END-USERS
6.3.4. MARKET BY CONSUMER ELECTRONICS
6.3.5. COUNTRY ANALYSIS
6.3.5.1. CHINA
6.3.5.2. JAPAN
6.3.5.3. INDIA
6.3.5.4. SOUTH KOREA
6.3.5.5. ASEAN COUNTRIES
6.3.5.6. TAIWAN
6.3.5.7. AUSTRALIA & NEW ZEALAND
6.3.5.8. REST OF ASIA-PACIFIC
6.4. LATIN AMERICA
6.4.1. MARKET BY COMPONENTS
6.4.2. MARKET BY TECHNOLOGY
6.4.3. MARKET BY END-USERS
6.4.4. MARKET BY CONSUMER ELECTRONICS
6.4.5. COUNTRY ANALYSIS
6.4.5.1. BRAZIL
6.4.5.2. MEXICO
6.4.5.3. REST OF LATIN AMERICA
6.5. MIDDLE EAST AND AFRICA
6.5.1. MARKET BY COMPONENTS
6.5.2. MARKET BY TECHNOLOGY
6.5.3. MARKET BY END-USERS
6.5.4. MARKET BY CONSUMER ELECTRONICS
6.5.5. COUNTRY ANALYSIS
6.5.5.1. UNITED ARAB EMIRATES
6.5.5.2. SAUDI ARABIA
6.5.5.3. TURKEY
6.5.5.4. SOUTH AFRICA
6.5.5.5. REST OF MIDDLE EAST & AFRICA
7. COMPETITIVE LANDSCAPE
7.1. AIRCHARGE
7.2. BELKIN INTERNATIONAL INC
7.3. CONVENIENTPOWER HK LIMITED
7.4. ENERGOUS CORPORATION
7.5. POWERMAT
7.6. WITRICITY CORPORATION
7.7. NUCURRENT
7.8. SEMTECH
7.9. TDK CORPORATION
7.10. TEXAS INSTRUMENTS INCORPORATED
7.11. QUALCOMM TECHNOLOGIES INC
7.12. INFINEON TECHNOLOGIES AG
7.13. NXP SEMICONDUCTORS
7.14. SAMSUNG
7.15. RENESAS ELECTRONICS CORPORATION (INTEGRATED DEVICE TECHNOLOGY INC)
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY
TABLE 1: GLOBAL WIRELESS CHARGING MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: WIRELESS VS WIRED CHARGING EFFICIENCIES
TABLE 4: GLOBAL WIRELESS CHARGING MARKET, BY COMPONENTS, 2019-2028 (IN $ MILLION)
TABLE 5: GLOBAL WIRELESS CHARGING MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)
TABLE 6: GLOBAL WIRELESS CHARGING MARKET, BY END-USERS, 2019-2028 (IN $ MILLION)
TABLE 7: KEY PLAYERS ADOPTING IN-VEHICLE WIRELESS CHARGING
TABLE 8: GLOBAL WIRELESS CHARGING MARKET, BY CONSUMER ELECTRONICS, 2019-2028 (IN $ MILLION)
TABLE 9: GLOBAL WIRELESS CHARGING MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA WIRELESS CHARGING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA WIRELESS CHARGING MARKET, BY COMPONENTS, 2019-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA WIRELESS CHARGING MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA WIRELESS CHARGING MARKET, BY END-USERS, 2019-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA WIRELESS CHARGING MARKET, BY CONSUMER ELECTRONICS, 2019-2028 (IN $ MILLION)
TABLE 15: EUROPE WIRELESS CHARGING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 16: EUROPE WIRELESS CHARGING MARKET, BY COMPONENTS, 2019-2028 (IN $ MILLION)
TABLE 17: EUROPE WIRELESS CHARGING MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)
TABLE 18: EUROPE WIRELESS CHARGING MARKET, BY END-USERS, 2019-2028 (IN $ MILLION)
TABLE 19: EUROPE WIRELESS CHARGING MARKET, BY CONSUMER ELECTRONICS, 2019-2028 (IN $ MILLION)
TABLE 20: ASIA-PACIFIC WIRELESS CHARGING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 21: ASIA-PACIFIC WIRELESS CHARGING MARKET, BY COMPONENTS, 2019-2028 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC WIRELESS CHARGING MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)
TABLE 23: ASIA-PACIFIC WIRELESS CHARGING MARKET, BY END-USERS, 2019-2028 (IN $ MILLION)
TABLE 24: ASIA-PACIFIC WIRELESS CHARGING MARKET, BY CONSUMER ELECTRONICS, 2019-2028 (IN $ MILLION)
TABLE 25: LATIN AMERICA WIRELESS CHARGING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 26: LATIN AMERICA WIRELESS CHARGING MARKET, BY COMPONENTS, 2019-2028 (IN $ MILLION)
TABLE 27: LATIN AMERICA WIRELESS CHARGING MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)
TABLE 28: LATIN AMERICA WIRELESS CHARGING MARKET, BY END-USERS, 2019-2028 (IN $ MILLION)
TABLE 29: LATIN AMERICA WIRELESS CHARGING MARKET, BY CONSUMER ELECTRONICS, 2019-2028 (IN $ MILLION)
TABLE 30: MIDDLE EAST AND AFRICA WIRELESS CHARGING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 31: MIDDLE EAST AND AFRICA WIRELESS CHARGING MARKET, BY COMPONENTS, 2019-2028 (IN $ MILLION)
TABLE 32: MIDDLE EAST AND AFRICA WIRELESS CHARGING MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)
TABLE 33: MIDDLE EAST AND AFRICA WIRELESS CHARGING MARKET, BY END-USERS, 2019-2028 (IN $ MILLION)
TABLE 34: MIDDLE EAST AND AFRICA WIRELESS CHARGING MARKET, BY CONSUMER ELECTRONICS, 2019-2028 (IN $ MILLION)
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: TOP 10 COUNTRIES WITH HIGHEST SMARTPHONE PENETRATION IN 2019 (%)
FIGURE 4: WORLDWIDE VEHICLE SALES IN UNITS, BY VEHICLE TYPE, 2011-2016 (MILLION UNITS)
FIGURE 5: COMPARATIVE ANALYSIS OF CHARGING SPEED FOR SAMSUNG S9+ WITH WIRED AND WIRELESS CHARGER
FIGURE 6: GLOBAL WIRELESS CHARGING MARKET, BY TRANSMITTERS, 2019-2028 (IN $ MILLION)
FIGURE 7: GLOBAL WIRELESS CHARGING MARKET, BY RECEIVERS, 2019-2028 (IN $ MILLION)
FIGURE 8: GLOBAL WIRELESS CHARGING MARKET, BY INDUCTIVE, 2019-2028 (IN $ MILLION)
FIGURE 9: GLOBAL WIRELESS CHARGING MARKET, BY RESONANT, 2019-2028 (IN $ MILLION)
FIGURE 10: GLOBAL WIRELESS CHARGING MARKET, BY RADIO FREQUENCY, 2019-2028 (IN $ MILLION)
FIGURE 11: GLOBAL WIRELESS CHARGING MARKET, BY OTHER TECHNOLOGIES, 2019-2028 (IN $ MILLION)
FIGURE 12: GLOBAL WIRELESS CHARGING MARKET, BY AUTOMOTIVE, 2019-2028 (IN $ MILLION)
FIGURE 13: GLOBAL WIRELESS CHARGING MARKET, BY CONSUMER ELECTRONICS, 2019-2028 (IN $ MILLION)
FIGURE 14: NUMBER OF SMARTPHONE USERS WORLDWIDE, 2015-2020 (IN BILLION)
FIGURE 15: GLOBAL WIRELESS CHARGING MARKET, BY SMARTPHONES, 2019-2028 (IN $ MILLION)
FIGURE 16: NUMBER OF THE TABLET USERS ACROSS THE WORLD, 2015-2020 (IN BILLION)
FIGURE 17: GLOBAL WIRELESS CHARGING MARKET, BY TABLETS, 2019-2028 (IN $ MILLION)
FIGURE 18: WEARABLE DEVICES MARKET ESTIMATES, 2014-2018 (IN $ BILLION)
FIGURE 19: GLOBAL WIRELESS CHARGING MARKET, BY WEARABLE DEVICES, 2019-2028 (IN $ MILLION)
FIGURE 20: GLOBAL WIRELESS CHARGING MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)
FIGURE 21: GLOBAL WIRELESS CHARGING MARKET, BY INDUSTRIAL, 2019-2028 (IN $ MILLION)
FIGURE 22: GLOBAL WIRELESS CHARGING MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)
FIGURE 23: GLOBAL WIRELESS CHARGING MARKET, BY AEROSPACE & DEFENCE, 2019-2028 (IN $ MILLION)
FIGURE 24: GLOBAL WIRELESS CHARGING MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)
FIGURE 25: GLOBAL WIRELESS CHARGING MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 26: UNITED STATES WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 27: CANADA WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 28: UNITED KINGDOM WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 29: GERMANY WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 30: FRANCE WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 31: SPAIN WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 32: ITALY WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 33: RUSSIA WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 34: REST OF EUROPE WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 35: CHINA WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 36: JAPAN WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 37: INDIA WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 38: SOUTH KOREA WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 39: ASEAN COUNTRIES WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 40: TAIWAN WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 41: AUSTRALIA & NEW ZEALAND WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 42: REST OF ASIA-PACIFIC WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 43: BRAZIL WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 44: MEXICO WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 45: REST OF LATIN AMERICA WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 46: UNITED ARAB EMIRATES WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 47: SAUDI ARABIA WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 48: TURKEY WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 49: SOUTH AFRICA WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)
FIGURE 50: REST OF MIDDLE EAST & AFRICA WIRELESS CHARGING MARKET, 2019-2028 (IN $ MILLION)