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Wireless Charging Market by Implementation (Transmitters, Receivers) by Technology (Magnetic Resonance, Inductive, Radio Frequency, Others) by Application (Consumer Electronics, Aerospace & Defense, Healthcare, Automotive, Others)- Growth, Future Prospects And Competitive Analysis, 2016 – 2028

Name: Wireless Charging Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2022-01-06
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Wireless Charging Market

Summary
Table Of Content
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Wireless Charging Market Analysis

Wireless charging devices allow the transmission of energy from the main power source to the device that needs charging without the need for wires or cables. It is a reliable and convenient way to charge electrical devices. It is also considered safer due to fewer components like connectors and cables.

Wireless charging devices are composed of two main elements, the transmitter or charging station and the receiver, which are usually implemented inside the device that needs charging.

Global Wireless Charging market is expected to witness CAGR of 24.99% during the forecast period. The revenue generated by the global Wireless Charging market in 2021 was over USD 4,266.50 million and expected to generate revenue worth USD 21,149.56 million in 2028. The incremental growth opportunity offered by the global Wireless Charging is estimated to be USD 89 billion between 2022 and 2028.

Interesting Facts about Wireless Charging Industry

Although not actively being used, Wireless Charging is around for quite a long time
WHO has confirmed that exposure to EMF emission from Wireless Charging is not harmful for living beings
Wireless Charging does not damage battery or device
Healthcare industry is likely to be benefited from Wireless Charging the most
Charging speed of Wireless Charging is very low as compared to wired charging

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Growing Demand from Automotive Industry

Consumer Electronics, Healthcare, Aerospace & Defense and Automotive are major applications of wireless charging market. The biggest driving factor of the Wireless Charging Market over the forecasted period is the rise in demand for electric vehicles. Wireless car charging is a key part of the automotive industry and is being developed and researched heavily. There is also a demand for in-car charging for devices like phones and smartwatches. There has been a significant investment in the research and development of these technologies, which will boost this market over the coming years. The increasing manufacture of electric vehicles will fuel this market further.

The Internet of Things (IoT) industry is growing exponentially, which will fuel the growth of the wireless charging market in the forecasted period. Wireless charging is gaining popularity as a requirement in portable electric devices like smartphones, laptops, wearable devices, and cameras. Consumers in the IoT world demand easy charging solutions for their devices, and manufacturers heavily invest in wireless charging technology to meet their consumers’ needs.

High Cost of Implementing and Lower Efficiency

Transmitters and Receivers are major implementation segments of wireless charging industry. The biggest restraining factor of the wireless charging market is the costs and expenses of making and implementing these charging solutions compared to traditional charging methods. Manufacturers and also consumers still prefer traditional wired charging solutions until the technology can be considered cost-effective.

Another restraint on this market is the lower efficiency of wireless charging compared to traditional charging methods. Wired charging still offers much faster-charging speeds while being less expensive. Wireless charging, while it offers higher portability and mobility, is still slower and requires the devices to be compatible with the chargers to work.

Compatibility To Be Major Challenge

Although various technologies such as Magnetic Resonance, Inductive and Radio Frequency are used in wireless charging, compatibility is another factor that will hamper the growth of this market over the forecasted time period. Wireless charging requires devices to be Qi-compatible, which means lots of products out there today cannot be used with these chargers. Also, different devices require different wireless charging solutions like different charging pads, bowls, or charging boxes. These varied requirements mean consumers will have to invest in different wireless chargers to suit their different devices.

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Wireless chargers still cannot charge devices over distances, which kind of defeats the purpose of the technology. Until these devices’ range, efficiency, and integration are not improved, consumers will hesitate to purchase and enter this market. Great investments are being made into wireless charging technology to address these issues, but until then, these factors are expected to slow down the growth of this market considerably.

Extensive Research & Development

Most prominent players operating in global Wireless Charging market include Convenient Power Ltd., Elix Wireless, Energizer Holdings, Inc., Energous Corporation, Evatran Group, Leggett & Platt, Momentum Wireless Power, Murata Manufacturing Co., Ltd, Ossia Inc., Powercast Corp., Powermat, Qualcomm Incorporated, Samsung, Texas Instruments Inc., WiTricity Corporation and Zens. Extensive R&D is being carried out by the leading players in order to bring most efficient, low cost and universal Wireless Charging solution to the market.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Wireless Charging Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Wireless Charging Market Value, 2016-2028, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2021
3.3.1.Implementation
3.3.2.Technology
3.3.3.Application
3.3.4.Application
3.3.5.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Implementations
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2021
4.1.Company market share of key players, 2021
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Wireless Charging Market Pre Vs Post COVID 19, 2019 – 2028
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Wireless Charging Market, by Country, 2016-2028(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Wireless Charging Market, by Implementation, 2016-2028(US$ Bn)
6.2.1.Overview
6.2.2.Transmitters
6.2.3.Receivers
6.3.North America Wireless Charging Market, by Technology, 2016-2028(US$ Bn)
6.3.1.Overview
6.3.2.Magnetic Resonance
6.3.3.Inductive
6.3.4.Radio Frequency
6.4.North America Wireless Charging Market, by Application, 2016-2028(US$ Bn)
6.4.1.Overview
6.4.2.Consumer Electronics
6.4.3.Aerospace & Defense
6.4.4.Healthcare
6.4.5.Automotive
6.4.6.Others

7.Europe
7.1.Europe Wireless Charging Market, by Country, 2016-2028(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Wireless Charging Market, by Implementation, 2016-2028(US$ Bn)
7.2.1.Overview
7.2.2.Transmitters
7.2.3.Receivers
7.3.Europe Wireless Charging Market, by Technology, 2016-2028(US$ Bn)
7.3.1.Overview
7.3.2.Magnetic Resonance
7.3.3.Inductive
7.3.4.Radio Frequency
7.4.Europe Wireless Charging Market, by Application, 2016-2028(US$ Bn)
7.4.1.Overview
7.4.2.Consumer Electronics
7.4.3.Aerospace & Defense
7.4.4.Healthcare
7.4.5.Automotive
7.4.6.Others

8.Asia Pacific
8.1.Asia Pacific Wireless Charging Market, by Country, 2016-2028(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Wireless Charging Market, by Implementation, 2016-2028(US$ Bn)
8.2.1.Overview
8.2.2.Transmitters
8.2.3.Receivers
8.3.Asia Pacific Wireless Charging Market, by Technology, 2016-2028(US$ Bn)
8.3.1.Overview
8.3.2.Magnetic Resonance
8.3.3.Inductive
8.3.4.Radio Frequency
8.4.Asia Pacific Wireless Charging Market, by Application, 2016-2028(US$ Bn)
8.4.1.Overview
8.4.2.Consumer Electronics
8.4.3.Aerospace & Defense
8.4.4.Healthcare
8.4.5.Automotive
8.4.6.Others

9.Latin America
9.1.Latin America Wireless Charging Market, by Country, 2016-2028(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Wireless Charging Market, by Implementation, 2016-2028(US$ Bn)
9.2.1.Overview
9.2.2.Transmitters
9.2.3.Receivers
9.3.Latin America Wireless Charging Market, by Technology, 2016-2028(US$ Bn)
9.3.1.Overview
9.3.2.Magnetic Resonance
9.3.3.Inductive
9.3.4.Radio Frequency
9.4.Latin America Wireless Charging Market, by Application, 2016-2028(US$ Bn)
9.4.1.Overview
9.4.2.Consumer Electronics
9.4.3.Aerospace & Defense
9.4.4.Healthcare
9.4.5.Automotive
9.4.6.Others

10.Middle East
10.1.Middle East Wireless Charging Market, by Country, 2016-2028(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Wireless Charging Market, by Implementation, 2016-2028(US$ Bn)
10.2.1.Overview
10.2.2.Transmitters
10.2.3.Receivers
10.3.Middle East Wireless Charging Market, by Technology, 2016-2028(US$ Bn)
10.3.1.Overview
10.3.2.Magnetic Resonance
10.3.3.Inductive
10.3.4.Radio Frequency
10.4.Middle East Wireless Charging Market, by Application, 2016-2028(US$ Bn)
10.4.1.Overview
10.4.2.Consumer Electronics
10.4.3.Aerospace & Defense
10.4.4.Healthcare
10.4.5.Automotive
10.4.6.Others

11.Africa
11.1.Africa Wireless Charging Market, by Country, 2016-2028(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Wireless Charging Market, by Implementation, 2016-2028(US$ Bn)
11.2.1.Overview
11.2.2.Transmitters
11.2.3.Receivers
11.3.Africa Wireless Charging Market, by Technology, 2016-2028(US$ Bn)
11.3.1.Overview
11.3.2.Magnetic Resonance
11.3.3.Inductive
11.3.4.Radio Frequency
11.4.Africa Wireless Charging Market, by Application, 2016-2028(US$ Bn)
11.4.1.Overview
11.4.2.Consumer Electronics
11.4.3.Aerospace & Defense
11.4.4.Healthcare
11.4.5.Automotive
11.4.6.Others

12.Global
12.1.Global Wireless Charging Market, by Implementation, 2016-2028(US$ Bn)
12.1.1.Overview
12.1.2.Transmitters
12.1.3.Receivers
12.2.Global Wireless Charging Market, by Technology, 2016-2028(US$ Bn)
12.2.1.Overview
12.2.2.Magnetic Resonance
12.2.3.Inductive
12.2.4.Radio Frequency
12.3.Global Wireless Charging Market, by Application, 2016-2028(US$ Bn)
12.3.1.Overview
12.3.2.Consumer Electronics
12.3.3.Aerospace & Defense
12.3.4.Healthcare
12.3.5.Automotive
12.3.6.Others

13.Company Profiles
13.1.Convenient Power Ltd.
13.2.Elix Wireless
13.3.Energizer Holdings, Inc.
13.4.Energous Corporation
13.5.Evatran Group
13.6.Leggett & Platt
13.7.Momentum Wireless Power
13.8.Murata Manufacturing Co., Ltd
13.9.Ossia Inc.
13.10.Powercast Corp.
13.11.Powermat
13.12.Qualcomm Incorporated
13.13.Samsung
13.14.Texas Instruments Inc.
13.15.WiTricity Corporation
13.16.Zens
Others

List of Figures

FIG. 1 Global Wireless Charging Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Wireless Charging Market Segmentation

FIG. 4 Global Wireless Charging Market, by Implementation, 2019 (US$ Bn)

FIG. 5 Global Wireless Charging Market, by Technology, 2021 (US$ Bn)

FIG. 6 Global Wireless Charging Market, by Geography, 2021 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2021

FIG. 8 Global Market Positioning of Key Wireless Charging Market Manufacturers, 2019

FIG. 9 Global Wireless Charging Market Value Contribution, By Implementation, 2021 & 2028 (Value %)

FIG. 10 Global Wireless Charging Market, by Transmitters, Value, 2016-2028 (US$ Bn)

FIG. 11 Global Wireless Charging Market, by Receivers, Value, 2016-2028 (US$ Bn)

FIG. 12 Global Wireless Charging Market Value Contribution, By Technology, 2021 & 2028 (Value %)

FIG. 13 Global Wireless Charging Market, by Magnetic Resonance, Value, 2016-2028 (US$ Bn)

FIG. 14 Global Wireless Charging Market, by Inductive, Value, 2016-2028 (US$ Bn)

FIG. 15 Global Wireless Charging Market, by Radio Frequency, Value, 2016-2028 (US$ Bn)

FIG. 16 Global Wireless Charging Market Value Contribution, By Application, 2021 & 2028 (Value %)

FIG. 17 Global Wireless Charging Market, by Consumer Electronics, Value, 2016-2028 (US$ Bn)

FIG. 18 Global Wireless Charging Market, by Aerospace & Defense, Value, 2016-2028 (US$ Bn)

FIG. 19 Global Wireless Charging Market, by Healthcare, Value, 2016-2028 (US$ Bn)

FIG. 20 Global Wireless Charging Market, by Automotive, Value, 2016-2028 (US$ Bn)

FIG. 21 Global Wireless Charging Market, by Others, Value, 2016-2028 (US$ Bn)

FIG. 22 U.S. Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 23 Rest of North America Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 24 U.K. Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 25 Germany Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 26 France Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 27 Italy Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 28 Spain Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 29 Russia Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 30 BENELUX Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 31 Poland Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 32 Austria Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 33 Rest of Europe Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 34 Japan Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 35 China Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 36 India Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 37 South Korea Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 38 Australia Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 39 Southeast Asia Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 40 Rest of Asia Pacific Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 41 Middle East & Africa Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 42 South Africa Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 43 Nigeria Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 44 Egypt Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 45 GCC Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 46 Israel Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 47 Latin America Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 48 Mechanicalzil Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 49 Argentina Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 50 Colombia Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 51 Peru Wireless Charging Market, 2016-2028 (US$ Bn)

FIG. 52 Chile Wireless Charging Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (Wireless Charging) Market

TABLE 2 Global Wireless Charging Market, by Implementation, 2016-2028 (US$ Bn)

TABLE 3 Global Wireless Charging Market, by Technology, 2016-2028 (US$ Bn)

TABLE 4 Global Wireless Charging Market, by Geography, 2016-2028 (US$ Bn)

TABLE 5 North America Wireless Charging Market, by Implementation, 2016-2028 (US$ Bn)

TABLE 6 North America Wireless Charging Market, by Technology, 2016-2028 (US$ Bn)

TABLE 7 North America Wireless Charging Market, by Country, 2016-2028 (US$ Bn)

TABLE 8 Europe Wireless Charging Market, by Implementation, 2016-2028 (US$ Bn)

TABLE 9 Europe Wireless Charging Market, by Technology, 2016-2028 (US$ Bn)

TABLE 10 Europe Wireless Charging Market, by Country/Region, 2016-2028 (US$ Bn)

TABLE 11 Asia Pacific Wireless Charging Market, by Implementation, 2016-2028 (US$ Bn)

TABLE 12 Asia Pacific Wireless Charging Market, by Technology, 2016-2028 (US$ Bn)

TABLE 13 Asia Pacific Wireless Charging Market, by Country/Region, 2016-2028 (US$ Bn)

TABLE 14 Latin America Wireless Charging Market, by Implementation, 2016-2028 (US$ Bn)

TABLE 15 Latin America Wireless Charging Market, by Technology, 2016-2028 (US$ Bn)

TABLE 16 Latin America Wireless Charging Market, by Country/Region, 2016-2028 (US$ Bn)

TABLE 17 Middle East Wireless Charging Market, by Implementation, 2016-2028 (US$ Bn)

TABLE 18 Middle East Wireless Charging Market, by Technology, 2016-2028 (US$ Bn)

TABLE 19 Middle East Wireless Charging Market, by Country/Region, 2016-2028 (US$ Bn)

TABLE 20 Africa Wireless Charging Market, by Implementation, 2016-2028 (US$ Bn)

TABLE 21 Africa Wireless Charging Market, by Technology, 2016-2028 (US$ Bn)

TABLE 22 Africa Wireless Charging Market, by Country/Region, 2016-2028 (US$ Bn)

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Frequently Asked Questions

How COVID 19 Impacted Wireless Charging Market?

Growth rate of Wireless Charging industry declined to 15% in 2020 from that of 25% in 2019 due to impact of COVID 19

Which is the leading regional market for Wireless Charging?

North America is the largest regional market with highest share in the total volume of Wireless Charging consumed in 2021 followed by Europe

What is the major growth driving factors for global Wireless Charging market?

Strong demand from automotive industry and increasing adoption from consumer electronics market

Which is major segment in Wireless Charging market by application?

Automotive industry dominated the Wireless Charging market in 2021 with over 30% share

Which is major segment in Wireless Charging market by technology?

Magnetic Resonance segment was the largest technology of Wireless Charging in 2021 with over 40% share

About Author

Sushant Phapale

ICT & Automation Expert

Sushant is an expert in ICT, automation, and electronics with a passion for innovation and market trends.

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