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Global Wireless Charging Market Report
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Global Wireless Charging Market Report

Home Electronics And Semiconductor Global Wireless Charging Market Report

Global Wireless Charging Market, By Technology (Inductive, Resonant, Radio Frequency, and Others) and Industry Vertical (Electronics, Automotive, Industrial, Healthcare, and Aerospace & Defense), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Trend Analysis, Competitive Market Share & Forecast, 2021-2027

  • Published Date: June 2021
  • Report ID: BWC20386
  • Available Format: PDF
  • Page: 400

Report Overview

Global Wireless Charging Market Size - Industry Trends & Forecast Report 2027

The global wireless charging market was worth USD 3.4 Billion in 2020 and is further projected to reach USD 15.3 Billion by 2027, at a CAGR of 23.1% during 2021-2027 (forecast period).There are many benefits of wireless charging to the customer such as product designing, usability, and reliability. The maximum use of the internet creates charging problems for every smartphone and device, which can be determined by using an RF energy base fast –wireless charger. Effective demand for efficient charging systems is probable to drive the growth of the wireless charging market. Large acceptance of efficient charging systems for portable electronics and wearable devices that help in increasing the durability of the device is probable to ensure the substantial growth of the electronics wireless charging industry.

Source: BlueWeave Consulting 

Global Wireless Charging Market Overview:

The reliable, convenient, and safe technology to power and charge electrical devices is wireless charging. This wireless charging also provides efficient, cost-effective, and safer advantages than traditional charging systems by removing the use of physical connectors and cables. The primary requirement of the portable electronics product is wireless charging targeted by IoT such as smartphones, laptops & tablets, wearable electronics, and household electronics. Due to convenience and safety, the demand for wireless charging is increasing rapidly, especially in the healthcare sector.

Growth Drivers

Sales of electric devices

Increased sales of electric vehicles aid in the evolution of the portable electronics and wearables market. Additionally, the need to gather ambient RF energy is one of the major factors driving demand for the product. The cost of these products is relatively high, and charging is sluggish, which limits market expansion. However, due to technological developments, the impact of these factors is likely to decrease in the coming years. Wireless charging, which uses wireless technology, is a suitable, safe, and consistent way for charging and powering a wide range of electrical equipment in a variety of industries, including commercial, industrial, automotive, and residential.

Increase in the popularity of IoT

The rising popularity of the Internet of Things (IoT), which is considered the third wave of technology is an important reason influencing the wireless charging market. Wireless charging is the most important requirement for IoT-targeted portable electronic items such as cellphones, digital cameras, laptops, and tablets. Thus, an increase in the popularity of the IoT market is probable to facilitate market growth during the forecast period. The availability of efficient charging solutions for portable electronics and wearable gadgets can improve the device's longevity, which is expected to drive the significant growth of the electronics wireless charging market.

Restraints

Compatibility issues restrict the adoption of wireless charging devices

Only Qi charging pads can be used with Qi-compatible devices. A number of prominent manufacturers offer external wireless charging options for devices that aren't Qi-compatible. Wireless chargers come in a variety of shapes and sizes, including charging pads, charging bowls, and charging boxes, and are essential for items with compatibility issues. A user is compelled to purchase a huge number of wireless chargers to accommodate various products. While some manufacturers offer multi-device wireless chargers, the overall issue of compatibility with non-Qi-enabled devices is predicted to limit wireless charging device adoption.

Impact of COVID-19 in the industry

COVID-19 has caused turmoil in almost every industry, including the wireless charging market. The pandemic has disrupted every sector's global supply chain, resulting in major economic losses. The wireless charging market is experiencing the same challenges. The market players had to face several obstacles, including obtaining raw materials and delivering finished items in the midst of a disrupted supply chain. Additionally, due to government restrictions on the sale of electronic gadgets during the pandemic, consumers began to spend more on essential items. As a result, the COVID-19 pandemic has hindered the growth of the wireless charging market.

Global Wireless Charging Market: By Technology

Based on the source, the global wireless charging market is segmented into Inductive, Resonant, Radio Frequency, and Others. The inductive charging segment is the dominant segment among all. Inductive charging is mostly used to charge electronic devices and electric vehicles wirelessly. Magnetic resonance allows power to be delivered over longer distances between receiver and transmitter. The efficiency of the products is determined by the amount of electricity available to charge the device using a wireless transmitter. It's a crucial factor in wireless power since it controls how hot the battery gets and how much energy has been squandered. The higher the efficiency, the smaller and less expensive the charger must be to produce the same amount of electricity.

Global Wireless Charging Market: By Application

Based on the application, the global wireless charging market is segmented into Electronics, Automotive, Industrial, Healthcare, and Aerospace & Defense. The healthcare segment has the dominant share among all. Wireless charging technology has been adopted and implemented increasingly in healthcare and medical applications. Wireless chargers are the best alternative to conventional wired charging machines, which helps in eliminating the transfer of any impurities or bacteria during the charging process. Wireless charging technology is in high demand in the healthcare industry due to the growing demand for technology in sterile environments such as hospitals and laboratories.

Global Wireless Charging Market – Regional Insights

Based on the region, the global wireless charging market is categorized into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America held the largest share in terms of revenue in 2020 due to the expansion of the electronics market and the increase in the sales of electronic devices in the region. Europe is the second-largest revenue contributor, with significant growth projected over the forecast period due to increased demand for fuel-efficient and long-charging systems for electronic devices, such as portable devices and power tools.

Recent Developments

  • In April 2020, OnePlus announced the Warp Charge 30 wireless charging support in the OnePlus 8 series launch. The company has developed a Warp wireless direct charging architecture that allows real-time communication between the smartphone and the customized chip and wireless charger.

  • In May 2021, WiTricity, the company that is wirelessly charging the future of mobility,  launched an office and product development lab in Auckland, New Zealand, which will be overseen by Michael Kissin and Jonathan Beaver, two long-time wireless charging experts.

Competitive Landscape

Key players in the global wireless charging market are Samsung Electronics Co. Ltd., Qualcomm Incorporated, Texas Instruments, Integrated Device Technology Inc., Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings Inc., Murata Manufacturing Co. Ltd., Sony Corporation, and Fulton Innovation LLC, and other key manufacturers.

The global wireless charging market is witnessing intense competition among market players based on product quality, features, and pricing strategies. Also, consumer electronics market players are concentrating on strategic alliances with wireless charging producers to increase their product features.

Scope of Report:

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, AUAE, South Africa, Saudi Arabia

Product/Service Segmentation

By Technology, By Industry Vertical, By Region

Key Players

Samsung Electronics Co. Ltd., Qualcomm Incorporated, Texas Instruments, Integrated Device Technology Inc., Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings Inc., Murata Manufacturing Co. Ltd., Sony Corporation, and Fulton Innovation LLC and other key manufacturers.

 

By Technology

  • Inductive

  • Resonant

  • Radio Frequency

  • Others

By Industry Vertical

  • Electronics

  • Automotive

  • Industrial

  • Healthcare

  • Aerospace & Defense

By Region

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East

  • Africa

1. Research Framework

    1.1. Research Objective

    1.2. Product Overview

    1.3. Market Segmentation

2. Research Methodology

    2.1. Qualitative Research

            2.1.1. Primary & Secondary Research

2.2. Quantitative Research

2.3. Market Breakdown & Data Triangulation

           2.3.1. Secondary Research

           2.3.2. Primary Research

    2.4. Breakdown of Primary Research Respondents, By Region

    2.5. Assumption & Limitation

3. Executive Summary

4. Global Wireless Charger Market Insights

    4.1. DROC Analysis

           4.1.1. Growth Drivers

           4.1.2. Restraints

           4.1.3. Opportunities

           4.1.4. Challenges

    4.2. Recent Development

    4.3. Porter’s Five Forces Analysis

            4.3.1. Bargaining Power of Suppliers

            4.3.2. Bargaining Power of Buyers

            4.3.3. Threat of New Entrants

            4.3.4. Threat of Substitutes

            4.3.5. Intensity of Rivalry

   4.4 Value Chain Analysis

   4.5 Key Strategic Developments

5. Global Wireless Charger Market Overview

    5.1. Market Size & Forecast by Value, 2017-2027

            5.1.1. By Value (USD Million)

    5.2. Market Share & Forecast

            5.2.1. By Technology

 

                 5.2.1.1. Inductive

                 5.2.1.2. Resonant

                 5.2.1.3. Radio Frequency

                 5.2.1.4. Others                

           5.2.2. By Industry Vertical

                  5.2.2.1. Electronics

                 5.2.2.2. Automotive

                 5.2.2.3. Industrial

                 5.2.2.4. Healthcare

                 5.2.2.5. Aerospace & Defense

            5.2.3. By Region

                 5.2.3.1. North America

                 5.2.3.2. Latin America

                 5.2.3.3. Europe

                 5.2.3.4. Asia Pacific

                 5.2.3.5. Middle East

                 5.2.3.6. Africa

6. North America Wireless Charger Market

         6.1. Market Size & Forecast by Value, 2017-2027

              6.1.1. By Value (USD Million)

         6.2. Market Share & Forecast

              6.2.1. By Technology

              6.2.2. By Industry Vertical

              6.2.3. By Country

                       6.2.3.1. United States

                       6.2.3.2. Canada

7. Europe Wireless Charger Market

      7.1. Market Size & Forecast by Value, 2017-2027

            7.1.1. By Value (USD Million)

       7.2. Market Share & Forecast

            7.2.1. By Technology

            7.2.2. By Industry Vertical

            7.2.3. By Country

                      7.2.3.1. Germany

                      7.2.3.2. Poland

                      7.2.3.3. Russia

                      7.2.3.4. Italy

                      7.2.3.5. France

                      7.2.3.6. United Kingdom

                      7.2.3.7. Spain

                      7.2.3.8. Rest of Europe

8. Asia Pacific Wireless Charger Market

     8.1. Market Size & Forecast by Value, 2017-2027

             8.1.1. By Value (USD Million)

     8.2. Market Share & Forecast

            8.2.1. By Technology

            8.2.2. By Industry Vertical

            8.2.3. By Country

                8.2.3.1. China

                8.2.4.2. India

                8.2.4.3. Japan

                8.2.4.4. Malaysia

                8.2.4.5. Singapore

                8.2.4.6. Rest of Asia Pacific

9. Latin America Wireless Charger Market

   9.1.  Market Size & Forecast by Value, 2017-2027

             9.1.1. By Value (USD Million)

    9.2. Market Share & Forecast

             9.2.1. By Technology

             9.2.2. By Industry Vertical

             9.2.3. By Country

                 9.2.3.1. Brazil

                 9.2.3.2. Mexico

                 9.2.3.3. Rest of Latin America

10. Middle East & Africa Wireless Charger Market

   10.1. Market Size & Forecast by Value, 2017-2027

         10.1.1. By Value (USD Million)

    10.2. Market Share & Forecast

         10.2.1. By Technology

         10.2.2. By Industry Vertical

         10.2.3. By Country

             10.2.3.1. Saudi Arabia

             10.2.3.2. UAE

             10.2.3.3. South Africa

             10.2.3.4. Rest of Middle East & Africa

11. Competitive Landscape

     11.1. List of Key Players and Their Offerings

     11.2. Market/Ranking Share Analysis

     11.3. Competitive Benchmarking, By Operating Parameters

12. COVID-19 Impact

13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)

    14.1. Samsung Electronics Co. Ltd.

    14.2. Qualcomm Incorporated

    14.3. Texas Instruments

    14.4. Integrated Device Technology Inc.

    14.5. Powermat Technologies Ltd.

    14.6. WiTricity Corporation

    14.7. Energizer Holdings Inc

    14.8. Murata Manufacturing Co. Ltd.

    14.9. Sony Corporation

    14.10. Fulton Innovation LLC

   14.11. Other prominent players

 

14. Key Strategic Recommendations

 

* Financial information of non-listed Companies will be provided as per availability

 

**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.

                  

 

 

 

 

 

 

 

 

 

List of Figures

 

Fig: Global Wireless Charger Market Segmentation

 

Fig: Global Wireless Charger Market Value Chain Analysis,

 

Fig: Company Market Share Analysis, 2020

 

Fig: Global Wireless Charger Market Size, By Value (USD Million), 2017-2027

 

Fig: Global Wireless Charger Market Share (%), By Technology, By Value, 2017-2027

 

Fig: Global Wireless Charger Market Share (%), By Industry Vertical, By Value, 2017-2027

 

Fig: Global Wireless Charger Market Share (%), By Country, By Value, 2017-2027

 

Fig: North America Wireless Charger Market Size, By Value (USD Million), 2017-2027

 

Fig: North America Wireless Charger Market Share (%), By Technology, By Value, 2017-2027

 

Fig: North America Wireless Charger Market Share (%), By Industry Vertical, By Value, 2017-2027

 

Fig: North America Wireless Charger Market Share (%), By Country, By Value, 2017-2027

 

Fig: Europe Wireless Charger Market Size, By Value (USD Million), 2017-2027

 

Fig: Europe Wireless Charger Market Share (%), By Technology, By Value, 2017-2027

 

Fig: Europe Wireless Charger Market Share (%), By Industry Vertical, By Value, 2017-2027

 

Fig: Europe Wireless Charger Market Share (%), By Country, By Value, 2017-2027

 

Fig: Asia-Pacific, Wireless Charger Market Size, By Value (USD Million), 2017-2027

 

Fig: Asia-Pacific, Wireless Charger Market Share (%), By Technology, By Value, 2017-2027

 

 

Fig: Asia-Pacific, Wireless Charger Market Share (%), By Industry Vertical, By Value, 2017-2027

 

Fig: Asia-Pacific, Wireless Charger Market Share (%), By Country, By Value,      2017-2027

 

Fig: Latin America Wireless Charger Market Size, By Value (USD Million), 2017-2027

 

Fig: Latin America Wireless Charger Market Share (%), By Technology, By Value, 2017-2027

 

 

Fig: Latin America Wireless Charger Market Share (%), By Industry Vertical, By Value, 2017-2027

 

Fig: Latin America Wireless Charger Market Share (%), By Country, By Value, 2017-2027

 

Fig: Middle East & Africa Wireless Charger Market Size, By Value (USD Million), 2017-2027

 

Fig: Middle East & Africa Wireless Charger Market Share (%), By Technology, By Value, 2017-2027

 

Fig: Middle East & Africa Wireless Charger Market Share (%), By Industry Vertical, By Value, 2017-2027

 

Fig: Middle East & Africa Wireless Charger Market Share (%), By Country, By Value, 2017-2027

 

 

 

 

     List of Tables

 

 

Table: Global Wireless Charger Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table: Global Wireless Charger Market Size, By Industry Vertical, By Value (USD Million), 2017-2027

 

Table: Global Wireless Charger Market Size, By Region, By Value (USD Million), 2017-2027

 

Table: North America Wireless Charger Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table: North America Wireless Charger Market Size, By Industry Vertical, By Value (USD Million), 2017-2027

 

Table: North America Wireless Charger Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: Europe Wireless Charger Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table: Europe Wireless Charger Market Size, By Industry Vertical, By Value (USD Million), 2017-2027

 

Table: Europe Wireless Charger Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: The Asia-Pacific Wireless Charger Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table: The Asia-Pacific Wireless Charger Market Size, By Industry Vertical, By Value (USD Million), 2017-2027

 

Table: The Asia-Pacific Wireless Charger Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: Latin America Wireless Charger Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table: Latin America Wireless Charger Market Size, By Industry Vertical, By Value (USD Million), 2017-2027

 

Table: Latin America Wireless Charger Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Wireless Charger Market Size, By Technology, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Wireless Charger Market Size, By Industry Vertical, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Wireless Charger Market Size, By Country, By Value (USD Million), 2017-2027

 

 

 

Table: Samsung Electronics Co. Ltd Financial Analysis

Table: Samsung Electronics Co. Ltd Business Overview

Table: Qualcomm Incorporated, Financial Analysis

Table: Qualcomm Incorporated, Business Overview

Table: Texas Instruments Financial Analysis

Table: Texas Instruments Business Overview

Table: Integrated Device Technology Inc. Financial Analysis

Table: Integrated Device Technology Inc. Business Overview

Table: Powermat Technologies Ltd Financial Analysis

Table: Powermat Technologies Ltd Business Overview

Table: WiTricity Corporation Financial Analysis

Table: WiTricity Corporation Business Overview

Table: Energizer Holdings Inc. Financial Analysis

Table: Energizer Holdings Inc. Business Overview

Table: Murata Manufacturing Co. Ltd. Financial Analysis

Table: Murata Manufacturing Co. Ltd. Business Overview

Table: Sony Corporation Financial Analysis

Table: Sony Corporation Business Overview

Table: Fulton Innovation LLC Financial Analysis

Table: Fulton Innovation LLC Business Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: The global wireless charging market has reached USD 3.4 Billion in 2020.
Ans: Growing acceptance of efficient charging systems for portable electronics and wearable devices that help in increasing the durability of the device is contributing to the substantial growth of the electronics wireless charging industry.
Ans: The key players in the global wireless charging market are Samsung Electronics Co. Ltd., Qualcomm Incorporated, Texas Instruments, Integrated Device Technology Inc., Powermat Technologies Ltd., WiTricity Corporation, Energizer Holdings Inc., Murata Manufacturing Co. Ltd., Sony Corporation, and Fulton Innovation LLC, and other key manufacturers.
Ans: Based on application, the healthcare segment accounted for the largest share in the global wireless charging market.
Ans: The inductive segment is growing at a higher rate in the global wireless charging market.