Global Wireless Charging Market To Exceed USD 20 Billion By 2024

Wireless Charging Market

Wireless charging market is expected to grow beyond USD 20 billion by 2024. Elimination of cables allows clutter-free charging, which has impelled the consumption levels. Another growth driving factor for the global market includes the growing demands for smartphones, specifically in India, China, and South Korea. The rise in infrastructural development, digitization, and network communications has also driven the growth. Moreover, rising demands across the automotive industry on account of the increased sales of electric vehicles is also a key market driver. The global market is segregated as applications, technologies, and regions.

The application sector includes defense, consumer, automotive, healthcare, and industrial. The consumer application sector led the global market and is expected to generate a revenue share of more than USD 16 billion by 2024. Rising demands for wireless chargers is likely to augment the segment. The healthcare sector is projected to be the most lucrative application sector, with a CAGR of over 38 % over the forecast period (from 2016 to 2024).

The technology sector comprises resonant, Radio Frequency (RF), and inductive. Inductive wireless charging market led the overall technology sector, particularly in the automotive industry, in 2015. However, this technology is inconvenient for a multi-device ecosystem since it permits just a single device to be charged per coil. The RF technology sector is expected to exceed USD 3.5 billion by 2024 growing at a CAGR of over 45 % from 2016 to 2024. This is mainly because it eradicates the necessity for appropriate alignment in case of any small devices.

Regionally, the United States occupied over 30 % of the total revenue in 2015. High tendency to spend on these devices because of the high levels of technological awareness and advancements are anticipated to favorably impact the market growth. In addition to this, significant technological proliferation across various application sectors is also likely to be a key growth driver. The Asia-Pacific wireless charging market is projected to reach USD 12 billion by 2024 growing at a healthy CAGR of over 35 % during the estimated years.

The major companies in the global market include WiTricity Corp.; PowerbyProxi Ltd.; Qualcomm Inc.; and Integrated Device Technology Inc. (IDT). New players generally work together with technology providers and then launch their products. However, huge set-up costs may pose a challenge to these new companies that want to establish and develop their market presence.

Wireless Charging Market to Register 60% CAGR till 2024

Hexa Research

Wireless Charging Market is expected to grow beyond USD 20 billion by 2024. Elimination of cables allows clutter-free charging, which has impelled the consumption levels. Another growth driving factor for the global market includes the growing demands for smartphones, specifically in India, China, and South Korea. The rise in infrastructural development, digitization, and network communications has also driven the growth. Moreover, rising demands across the automotive industry on account of the increased sales of electric vehicles is also a key market driver. The global market is segregated as applications, technologies, and regions.

The application sector includes defense, consumer, automotive, healthcare, and industrial. The consumer application sector led the global market and is expected to generate a revenue share of more than USD 16 billion by 2024. Rising demands for wireless chargers is likely to augment the segment. The healthcare sector is projected to be the most lucrative application sector, with a CAGR of over 38 % over the forecast period (from 2016 to 2024).

The technology sector comprises resonant, Radio Frequency (RF), and inductive. Inductive wireless charging market led the overall technology sector, particularly in the automotive industry, in 2015. However, this technology is inconvenient for a multi-device ecosystem since it permits just a single device to be charged per coil. The RF technology sector is expected to exceed USD 3.5 billion by 2024 growing at a CAGR of over 45 % from 2016 to 2024. This is mainly because it eradicates the necessity for appropriate alignment in case of any small devices.

Regionally, the United States occupied over 30 % of the total revenue in 2015. High tendency to spend on these devices because of the high levels of technological awareness and advancements are anticipated to favorably impact the market growth. In addition to this, significant technological proliferation across various application sectors is also likely to be a key growth driver. The Asia-Pacific wireless charging market is projected to reach USD 12 billion by 2024 growing at a healthy CAGR of over 35 % during the estimated years.

The major companies in the global market include WiTricity Corp.; PowerbyProxi Ltd.; Qualcomm Inc.; and Integrated Device Technology Inc. (IDT). New players generally work together with technology providers and then launch their products. However, huge set-up costs may pose a challenge to these new companies that want to establish and develop their market presence.

Wireless Charging Market to Grow at a Remarkable Pace in the Coming Years

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Wireless charging is recharging batteries of electrical devices with no physically connected cables. Currently, charging of devices is an important aspect of business is response to power intensive applications. Mobile manufacturers such as Samsung, Nokia, LG Electronics and HTC are positioning phones with wireless charging to drive demand at the high end.

The global wireless charging market is segmented by application into consumer electronics, industrial, medical, automotive and defense. Consumer electronics is expected to be the largest application segment in the wireless charging market.

On the basis of geography the market is segmented as North America, Europe, Asia Pacific, Middle-east and Africa and Latin America. High volumes of electronics devices such as smartphones and laptops in Asia Pacific make it the most promising region for wireless charging market. However, United States is the largest regional market for wireless charging. Increase in adoption of wireless charging for industrial applications and growing awareness of wireless power technology among consumers propels market growth in this region.

On the basis of technology wireless charging market is segmented as Inductive, RF and Resonant. Inductive technology is mature and has high demand in wireless charging market owing to its use in all the applications. On the other hand, RF and resonant technologies are gaining traction in the wireless charging market. Companies such as Qualcomm and Samsung support resonant technology which allows charging multiple devices simultaneously.

Alliance for Wireless Power (A4WP), Wireless Power Consortium (WPC) and Power Matters Alliance (PMA) are the three groups present in the wireless charging market. Wireless Power Consortium (WPC) uses Qi standard commonly found in smartphones whereas Alliance for Wireless Power (A4WP) uses resonance technology which is still in the early stages of development. Interoperability between these groups is of prime importance for the wireless charging market. Companies such as AT&T are seeking a commitment to one standard of wireless charging from their handset vendors.

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The penetration of wireless charging is expected to increase in wearable devices over the years. Wireless charging market is expected to experience a boom in electrical vehicles too. In-car charging and wireless charging of electrical vehicles are the key trends in the automotive industry. Rise in electrical vehicles manufacturing globally will help in the wireless charging market growth. Significant investments in R&D are being made by the market participants, wherein the leading players are focusing on improving the power transmission range. This would facilitate charging of devices wirelessly over long distances, subsequently expanding the application base. However, retaining the costs low is the key challenge for the wireless charging devices market.

Wireless charging market is highly fragmented with start-ups and large market participants. Players are trying to distinguish themselves on the basis of quality and affordability. Few of the key players in the wireless charging market include 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. and Anker among others.

Global Wireless Charging Market Estimates and Forecasts, 2017-2022 (USD Million)

Market Research Explore review has been based on the titled,”Wireless Charging ”. The Global Wireless Charging market is estimated to reach Wireless Charging Billion USD in 2017. The objective of report is to define, segment, and project the market on the basis of type, channel, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc.

The report begin with the basic overviews of definitions and classification of the industry, applications of the industry and chain structure are given. The report details the historical and forecast data of the Global Wireless Charging market along with the current scenario. Report also includes Wireless Charging market by Type and Applications, Electric Heating Cable Sales, Revenue, Price and Wireless Charging Industry Share.

After the Wireless Charging Market analysis report speaks about the manufacturing process and cost structures. The process is analyzed thoroughly upstream raw materials, equipment and downstream consumers, various manufacturing associated costs (material cost, labour cost, etc.) and the actual process.

Various analytical tools include feasibility analysis, investment return analyses, as well as SWOT analysis of the major market players. At the Wireless Charging market report gives Forecast (2017-2022) and market research findings and conclusion.

Table of Contents
Part 1: Market Overview
Part 2: Industry Chain
Part 3: Environmental Analysis
Part 4: Major Vendors
Part 5: Market/Vendors Distribution
Part 6: Regions Market
Part 7: Forecast
Part 8: Marketing Overview
Part 9: Conclusion

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US Wireless Charging Market Report 2017-2022 : Industry Trends and Analysis

DecisionDatabases.com announces a new report “2017-2022 United States Wireless Charging Market Report (Status and Outlook)” added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.

The Wireless Charging market size will be XX million (USD) in 2022 in United States, from the XX million (USD) in 2016, with a CAGR (Compound Annual Growth Rate) XX% from 2016 to 2022.

Browse Full Report with TOC @
http://www.decisiondatabases.com/ip/16023-united-states-wireless-charging-market-analysis-report

In United States market, the top players include many company. With key sales data like sales (volume), revenue, market share for top players, such as
• Samsung
• Ergo(AirCharge)
• BEZALEL
• FONE
• IOttie
• Lenmar
• Gill Electronics
• NXP Semiconductors
• Humavox
• Semtech Corporation
• Integrated Device Technology, Inc.

Split by product types/category, covering many types. with sales, revenue and market share for each type, such as
• Residential use
• Commercial use

Split by applications/end use industries, covers many application. This report focuses on sales, market share and growth rate of Wireless Charging in each application, such as
• Receiver Applications
• Transmitter Applications

Download Free Sample Report of United States Wireless Charging Market @
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Table of Contents – Snapshot
1 Market Overview
2 United States Wireless Charging Sales, Revenue (Value) and Market Share by Vendors/Manufacturers
3 United States Wireless Charging Sales, Revenue (Value) by Type and Application (2012-2017)
4 United States Wireless Charging Vendors/Manufacturers Profiles and Sales Data
5 Production Cost Analysis of Wireless Charging
6 Value Chain, Purchasing Strategy and Downstream Buyers
7 Marketing Strategy Analysis, Distributors/Traders
8 Market Influences Factors Analysis
9 United States Wireless Charging Market Forecast (2017-2022)
10 Research Findings and Conclusion
11 Appendix

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Other Related reports –
2017-2022 China Wireless Charging Market Report (Status and Outlook) @
http://www.decisiondatabases.com/ip/16020-china-wireless-charging-market-analysis-report

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Wireless Charging Products Market Will Rise at 34% CAGR by 2024

According to Persistence Market Research, the global market for wireless charging is currently valued over US$ 2.6 billion. By the end of 2024, revenues emanating from global sales of wireless charging devices & services will grow at an exponential CAGR of 34% and bring in revenues worth over US$ 27 billion.

As we head towards an era where wires won’t necessarily be a requisite for powering up devices, tech companies from around the world are intensifying their efforts towards production of advanced and immaculate wireless charging systems. Innovative technologies supporting the working mechanism of wireless charging devices is also piquing the curiosity of tech enthusiasts as well as common consumers. From green vehicles to smartphones, Persistence Market Research has published its research study on how wireless charging is spanning the globe as the next-gen mode of charging electric devices.

Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/wireless-charging-market.asp

The report further reveals the significance of components in driving the sales of wireless charging devices. Considering that wireless charging systems will eventually put an end to wired chargers, the components used in such systems will play an instrumental role in shaping up the future of wireless charging. Much like today, the feature of charging multiple devices at same time will continue to trend in the long run. In the global market for wireless charging, components used as power transmitters will garner a dominant position. In 2017 and beyond, transmitters are expected to account for more than three-fourth of global wireless charging revenues. Nevertheless, surplus power transmission will necessitate the use of advanced receiver components – revenues from which are projected soar at highest CAGR of 35.2%.

A key challenge faced by manufacturers of wireless charging systems hovers around the selection of suitable charging technology to assure compatibility with all electronic devices in the world. Availability of diverse electric devices brings uncertainty over expanding product portfolio of wireless charging systems. Research findings compiled in the report suggest that consumers of wireless charging devices are growing more inclined towards devices that use resonance charging technology. After accounting more than US$ 800 million revenues in 2016, the resonance charging technology will continue dominating the global wireless charging market by procuring nearly 40% value share through 2024. The global demand for inductive charging technology will incur a major downtrend, while revenues accounted by radio frequency (RF) charging technology will soar at nearly 40% CAGR during the projected period.

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While every other wireless charging device sold in the world will be used for powering smartphones, tablets, laptops and other consumer electronics, the report projects a lucrative growth for automotive application of wireless charging systems. During the forecast period, revenues procured from sales of wireless charging devices in the global automotive industry will be elevated at a staggering 42.1% CAGR. Rampant sales of electric vehicles will be factoring this growth, making automotive the most favorable application of wireless charging. Additionally, complications and hazards arising from wired power cables in manufacturing plants will also propel the demand for wireless charging in industrial applications. Through 2024, more than US$ 5 billion worth of wireless charging devices are likely to be consumed by industries across the globe.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/10789

Additional Highlights of the Report include:

  • Asia-Pacific will be the largest consumer of wireless charging systems in the world
  • Sales of wireless charging devices in North America and Europe will procure more than 60% of global revenues throughout the forecast period
  • Tech giant, Apple Inc., recently made the news for joining the Wireless Power Consortium (WPC) to be a part of the global organization that develops widely-used wireless charging standard for smartphones and other electronic devices
  • The report has profiled similar tech companies that are partaking in the growth of global wireless charging market, which include – Qualcomm Technologies, Inc., Texas Instruments, Inc., Leggett & Platt, Inc., Energized Holdings, Inc., Integrated Device Technology, Inc., WiTricity Corporation, ConvenientPower HK Limited, PowerbyPoxi, and Powermat Technologies Ltd.

Global Wireless Charging Market Size, Share and 2017-2022 Industry Segment by Type

Orbis Research

Orbis Research: Statistical Analysis for Global Wireless Charging Market capacity, production, production value, cost/profit, supply/demand and import/export. The report will assist reader with better understanding and decision making.

This report studies the global Wireless Charging market, analyzes and researches the Wireless Charging development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Ergo(Aircharge)
BEZALEL
FONE
NXP Semiconductors
IOttie
Humavox
Semtech
Integrated Device Technology, Inc.
Lenmar
Gill Electronics

Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia

Market segment by Type, Wireless Charging can be split into
Inductive Technology
Radiation Technology
Others

Market segment by Application, Wireless Charging can be split into
Consumer Electronics
Defense
Healthcare
Automotive
Industrial
Others

If you have any special requirements, please let us know and we will offer you the report as you want.

Some Points from TOC:

Chapter One: Industry Overview of Wireless Charging
1.1 Wireless Charging Market Overview
1.1.1 Wireless Charging Product Scope
1.1.2 Market Status and Outlook
1.2 Global Wireless Charging Market Size and Analysis by Regions
1.2.1 United States
1.2.2 EU
1.2.3 Japan
1.2.4 China
1.2.5 India
1.2.6 Southeast Asia
1.3 Wireless Charging Market by Type
1.3.1 Inductive Technology
1.3.2 Radiation Technology
1.3.3 Others
1.4 Wireless Charging Market by End Users/Application
1.4.1 Consumer Electronics
1.4.2 Defense
1.4.3 Healthcare
1.4.4 Automotive
1.4.5 Industrial
1.4.6 Others

Chapter Two: Global Wireless Charging Competition Analysis by Players
2.1 Wireless Charging Market Size (Value) by Players (2016 and 2017)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future

Chapter Three: Company (Top Players) Profiles
3.1 Ergo(Aircharge)
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Wireless Charging Revenue (Value) (2012-2017)
3.1.5 Recent Developments
3.2 BEZALEL
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Wireless Charging Revenue (Value) (2012-2017)
3.2.5 Recent Developments
3.3 FONE
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Wireless Charging Revenue (Value) (2012-2017)
3.3.5 Recent Developments

……Continued

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