HOME Top Market Reports Wireless Charging Market by Technology, Range, Component (Transmitters and Receivers for Various Devices), Application (Consumer Electronics, Defense, Healthcare, Automotive, and Industrial), and Geography - Analysis and Forecast to 2013 - 2020

Wireless Charging Market by Technology, Range, Component (Transmitters and Receivers for Various Devices), Application (Consumer Electronics, Defense, Healthcare, Automotive, and Industrial), and Geography - Analysis and Forecast to 2013 - 2020

By: marketsandmarkets.com
Publishing Date: November 2014
Report Code: SE 2963

 

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Wireless charging technology is used for the transmission of electrical current between two objects without any physical connection. This electrical current is used to charge various devices such as wearable electronics, smartphones, or industrial equipment.  The ease and convenience of using wireless charging technology has led to its growing demand. Wireless charging has eliminated the use of cables for charging, thereby providing a convenient way to charge electronic devices, wirelessly.

The companies involved in the development of wireless charging technologies are working towards developing a transmitter (Charger) and receiver. However, due to lack of standards pertaining to conformity, as the charger developed by one vendor is not able to transfer power to a receiver developed by another vendor. This is mainly due to compatibility issues between charger and receiver. Wireless Power Consortium (WPC), Alliance for Wireless Power (A4WP), and Power Matters Alliance (PMA) are working towards the development of standards to ensure conformity. Earlier these associations were developing a standard based on the different types of technology used in this market. However, recently Alliance for Wireless Power (A4WP) and Power Matters Alliance (PMA) have come together, so as to develop standards based on magnetic induction. Magnetic induction has the capability to charge the electronic devices efficiently and effectively, and doesnít require the device to be in the line of transfer of power. These standards for wireless charging technology are expected to be released by 2015.

The key players in the wireless charging technology market include ConvenientPower HK Ltd. (Hong Kong), Energizer Holding, Inc. (U.S.), Integrated Device Technology Inc.  (U.S.), Leggett and Platt Inc. (U.S.), Murata Manufacturing Co. Ltd. (Japan), PowerbyProxi Ltd. (New Zealand), Powermat Technologies Ltd. (Israel), Qualcomm Incorporated (U.S.), Texas Instruments Incorporated (U.S.), and WiTricity Corporation (U.S.). These companies operate globally and utilize wireless charging technology related products and services for various applications. This report covers the competitive landscape of these players, which includes their key growth strategies and recent developments.

This report describes the value chain for the wireless charging market, by considering all the major stakeholders in the market and their respective roles, for this analysis. The report also provides a detailed study of the Porterís Five Forces analysis of the market. All the five major factors in these markets have been quantified using internal key parameters, governing the same.

Scope of the report

This research report categorizes the wireless charging market based on technology, transmission range, applications, and geographies.

Based on Technology

The wireless charging market has been segmented on the basis of the induction, radiation, and other technologies. Other technologies include laser based and radio frequency based transfer of power.

Based on Transmission Range

The wireless charging market has been segmented on the basis of range up-to which a charger can charge the electronics device; this includes short range, mid-range, and long range.

Based on Application

The wireless charger market has been further segmented based on applications. This includes consumer electronics, defense, healthcare, automotive, industrial, and other applications. Other applications include logistics and aerospace. The charger segment has been further segmented to one device charger, two device chargers, and multiple device chargers.

Based on Geography

Geographically, the market is covered by North America (U.S., Canada, and Mexico), Europe (Germany, U.K., Sweden, The Netherland, France, Russia, and others), APAC (China, India, Japan, Australia, and Others), and Rest of the World (South America, Middle East, and Africa).

The report analyzes the market, with regards to the market drivers, trends, opportunities, key players, and competitive outlook. This report also provides market tables for the various sub-segments. Furthermore, it profiles ten companies, including their overview, products and services, financials, strategy, SWOT analysis, and recent developments.

Table of Contents 
 
1 Introduction (Page No. - 16)
    1.1 Objectives of The Study
    1.2 Market Definition
    1.3 Study Scope
            1.3.1 Market Segmentation
            1.3.2 Years Considered For The Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
            2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
            2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
            2.2.1 Bottom-Up Approach
            2.2.2 Top-Down Approach
    2.3 Market Breakdown And Data Triangulation
    2.4 Research Assumptions And Limitations
            2.4.1 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities In The Wireless Charging Market
    4.2 Wireless Charging, By Technology
    4.3 Asia-Pacific Wireless Charging Market
    4.4 Wireless Charging Market By Countries
    4.5 Wireless Charging Market: By Transmission Range
    4.6 Wireless Charging Market: Developed Vs. Developing Nations
    4.7 Wireless Charging Market: Technology (2020)

5 Market Overview (Page No. - 34)
    5.1 Introduction
            5.1.1 Evolution
    5.2 Market Segmentation
            5.2.1 Wireless Charging Market, By Technology
            5.2.2 Wireless Charging Market, By Transmission Type
            5.2.3 Wireless Charging Market, By Application
                5.2.3.1 Market, By Geography
    5.3 Market Dynamics
            5.3.1 Drivers
                    5.3.1.1 User Friendliness is Expected To Boost The Wireless Charging Market
                    5.3.1.2 A Huge Demand is Expected For Wireless-Charging-Enabled Smartphones
                    5.3.1.3 The Ability To Charge Multiple Devices is Expected To Create A Huge Demand
                    5.3.1.4 Consumer Inclination Toward Wireless Connectivity is Expected To Lead The Market
            5.3.2 Restraints
                    5.3.2.1 The Lack of Standards Restricts The Growth of The Market
                    5.3.2.2 Interference With Other Electronic Devices Will Create A Hurdle For The Marketís Growth
            5.3.3 Opportunities
                    5.3.3.1 Increasing Efficiency of Wireless Charging Devices Will Boost The Growth of The Market
                    5.3.3.2 Growth Prospects For New Applications Will Lead In The Development of New Products
            5.3.4 Challenges
                    5.3.4.1 Compatibility issues Restrict The Adoption of Wireless Charging Devices
                    5.3.4.2 Inadequate Government Regulations For The Wireless Charging Market
                    5.3.4.3 Lack of Awareness Currently Acts As A Challenge
    5.4 Burning issues
            5.4.1 Health Risks For Humans And Other Living Organisms

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porterís Five Forces Analysis
            6.3.1 Intensity of Copmpetitive Rivalary
            6.3.2 Bargaining Power of Customers (Buyers)
            6.3.3 Bargaining Power of Suppliers
            6.3.4 Threat of Substitute Products And Services
            6.3.5 Threat of New Entrants
    6.4 Strategic Benchmarking
            6.4.1 Technology Integration And Product Enhancement
            6.4.2 Tactical Steps For Market Growth

7 Market By Technology (Page No. - 54)
    7.1 Introduction
    7.2 Inductive Technology
    7.3 Radiation Technology
    7.4 Other Technologies
            7.4.1 Radio Frequency (RF) Technology
            7.4.2 Laser Beam Technology

8 Market By Transmission Range (Page No. - 64)
    8.1 Introduction
    8.2 Short Range
    8.3 Medium Range
    8.4 Long Range

9 Market By Application (Page No. - 72)
    9.1 Introduction
    9.2 Consumer Electronics
            9.2.1 Smartphones
            9.2.2 Computing Devices
            9.2.3 Wearable Devices
            9.2.4 Others
            9.2.5 Types of Wireless Chargers
    9.3 Defense
    9.4 Healthcare
    9.5 Automotive
    9.6 Industrial
    9.7 Others

10 Market By Geography (Page No. - 98)
    10.1 Introduction
    10.2 North America
            10.2.1 U.S.
            10.2.2 Canada
    10.3 Europe
            10.3.1 Germany
            10.3.2 U.K.
            10.3.3 Sweden
            10.3.4 The Netherlands
            10.3.5 France
            10.3.6 Russia
            10.3.7 Others
    10.4 Asia-Pacific (APAC)
            10.4.1 China
            10.4.2 India
            10.4.3 Japan
            10.4.4 Australia
            10.4.5 Others
    10.5 Rest of The World (ROW)
            10.5.1 South America
            10.5.2 Middle East
            10.5.3 Africa

11 Competitive Landscape (Page No. - 1119)
    11.1 Overview
    11.2 Market Share Analysis Wireless Charging Market
    11.3 Competitive Situation And Trends
            11.3.1 New Product Launches
            11.3.2 Agreements, Partnerships, Collaborations, & Joint Ventures
            11.3.3 Mergers And Acquisitions
            11.3.4 Others

12 Company Profiles (Overview, Products And Services, Financials, Strategy & Development)*   (Page No. - 127)
      12.1 Introduction
      12.2 Convenientpower HK Limited
      12.3 Energizer Holdings, Inc
      12.4 Integrated Device Technology
      12.5 Leggett & Platt, Incorporated
      12.6 Murata Manufacturing Co. Ltd
      12.7 Powerbyproxi Ltd.
      12.8 Powermat Technologies Ltd.
      12.9 Qualcomm Incorporated
      12.10 Texas Instruments Incorporated
      12.11 Witricity Corporation
*Details On Overview, Products And Services, Financials, Strategy & Development Might Not Be Captured In Case of Unlisted Companies. 

13 Appendix (Page No. - 161)
      13.1 Insights of Industry Experts
      13.2 Discussion Guide
      13.3 Introducing Rt: Real Time Market Intelligence
      13.4 Available Customizations
      13.5 Related Reports 
   
List of Tables (69 Tables)     

Table 1 The Ability To Charge Multiple Devices Wirelessly is A Key Driver For The Wireless Charging Market
Table 2 Lack of Standards is Limiting The Growth of The Wireless Charging Market
Table 3 The Increasing Efficiency of Wireless Charging Enabled Devices is Expected To Boost The Market
Table 1 Compatibility issues Currently Act As The Major Challenge For The Market
Table 2 Comparison of Different Wireless Technologies
Table 3 Wireless Charging Market, By Technology, 2013-2020 ($Million)
Table 4 Induction Technology Market, By Application, 2013-2020 ($Million)
Table 5 Induction Technology Market, By Region, 2013-2020 ($Million)
Table 6 Radiation Technology Market, By Application, 2014-2020 ($Million)
Table 7 Radiation Technology Market, By Region, 2014-2020 ($Million)
Table 8 Other Technology Market, By Application, 2014-2020 ($Million)
Table 9 Other Technology Market, By Region, 2014-2020 ($Million)
Table 10 Wireless Charging Market, By Transmission Range, 2013-2020($Million)
Table 11 Short Range Wireless Charging Market, By Application,   2013-2020 ($Million) 
Table 12 Short Range Wireless Charging Market, By Region 2013-2020 ($Million)
Table 13 Medium Range Wireless Charging Market, By Application,   2013-2020 ($Million) 
Table 14 Medium Range Wireless Charging Market, By Region, 2013-2020 ($Million) 
Table 15 Long Range Wireless Charging Market, By Application, 2013-2020 ($Million) 
Table 16 Long Range Wireless Charging Market, By Region, 2013-2020 ($Million)
Table 17 Wireless Charging Market Size, By Application, 2013-2020 ($Million)
Table 18 Developments: Wireless Charging In Smartphones
Table 19 Consumer Electronics: Wireless Charging Market Size, By Device, 2013-2020 ($Million) 
Table 20 Consumer Electronics: Wireless Charging Market Size, By Technology, 2013-2020 ($Million)
Table 21 Consumer Electronics: Wireless Charging Market Size, By Transmission Range, 2013-2020 ($Million) 
Table 22 Consumer Electronics: Wireless Charging Market Size, By Geography, 2013-2020 ($Million)
Table 23 Consumer Electronics: Wireless Charging Market Size, By Component, 2013-2020 ($Million)
Table 24 Consumer Electronics: Wireless Charging Market, By Component, 2013-2020 (Million Units) 
Table 25 Consumer Electronics: Wireless Charging Market Size, By Component, 2013-2020 (Million Units)
Table 26 Smartphones: Wirelss Charging Market, By Geography, 2013-2020 ($Million) 
Table 27 Computing Devices: Wireless Charging Market, By Geography, 2013-2020 ($Million) 
Table 28 Wearable Electronics: Wireless Charging Market, By Geography, 2013-2020 ($Million) 
Table 29 Military & Defense: Wireless Charging Market Size, By Value, Volume, & Asp, 2013-2020 
Table 30 Military & Defense: Wireless Charging Market Size,By Technology, 2013-2020 ($Million) 
Table 31 Military & Defense: Wireless Charging Market Size, By Transmission, 2013-2020 ($Million) 
Table 32 Military & Defense: Wireless Charging Market, By Geography, 2013-2020 ($Million) 
Table 33 Healthcare: Wireless Charging Market Size, By Value, Volume, & Asp, 2013-2020 
Table 34 Healthcare: Wireless Charging Market, By Technology, 2013-2020 ($Million) 
Table 35 Healthcare: Wireless Charging Market, By Transmission,   2013-2020 ($Million) 
Table 36 Healthcare: Wireless Charging Market, By Geography, 2013-2020 ($Million) 
Table 37 Automotive: Wireless Charging Market, By Value, Volume, & Asp, 2013-2020 
Table 38 Automotive: Wireless Charging Market, By Technology, 2013-2020 ($Million) 
Table 39 Automotive: Wireless Charging Market, By Transmission,   2013-2020 ($Million) 
Table 40 Automotive: Wireless Charging Market, By Geography, 2013-2020 ($Million) 
Table 41 Industrial: Wireless Charging Market, By Value, Volume & Asp, 2013-2020 
Table 42 Industrial: Wireless Charging Market, By Technology, 2013-2020 ($Million) 
Table 43 Industrial: Wireless Charging Market, By Transmission,   2013-2020 ($Million) 
Table 44 Industrial: Wireless Charging Market, By Geography, 2013-2020 ($Million) 
Table 45 Others: Wireless Charging Market Size, By Value, Volume, & Asp, 2013-2020 
Table 46 Others: Wireless Charging Market, By Technology, 2013-2020 ($Million) 
Table 47 Others: Wireless Charging Market, By Transmission, 2013-2020 ($Million) 
Table 48 Others: Wireless Charging Market, By Geography, 2013-2020 ($Million)
Table 49 Wireless Charging Market, By Geography, 2013-2020 ($Million)
Table 50 North America: Wireless Charging Market, By Country, 2013-2020 ($Million) 
Table 51 North America: Wireless Charging Market, By Technology,   2013-2020 ($Million) 
Table 52 North America: Wireless Charging Market, By Transmission Range, 2013-2020 ($Million) 
Table 53 North America: Wireless Charging Market, By Application,   2013-2020 ($Million) 
Table 54 Europe: Wireless Charging Market, By Country, 2013-2020 ($Million)
Table 55 Europe: Wireless Charging Market, By Technology, 2013-2020 ($Million)
Table 56 Europe: Wireless Charging Market, By Transmission Range,   2013-2020 ($Million) 
Table 57 Europe: Wireless Charging Market, By Application, 2013-2020 ($Million)
Table 58 Asia-Pacific: Wireless Charging Market, By Country, 2013-2020 ($Million)
Table 59 Asia-Pacific: Wireless Charging Market, By Technology, 2013-2020 ($Million) 
Table 60 Asia-Pacific: Wireless Charging Market, By Transmission Range, 2013-2020 ($Million) 
Table 61 Asia-Pacific: Wireless Charging Market, By Application, 2013-2020 ($Million) 
Table 62 ROW: Wireless Charging Market, By Region, 2013-2020 ($Million)
Table 63 ROW: Wireless Charging Market, By Technology, 2013-2020 ($Million)
Table 64 ROW: Wireless Charging Market, By Transmission Range,   2013-2020 ($Million) 
Table 65 ROW: Wireless Charging Market, By Application, 2013-2020 ($Million)
Table 66 New Product Launches, 2014
Table 67 Agreements, Partnerships, Collaborations, & Joint Ventures, 2013-2014 
Table 68 Mergers And Aquisitions, 2011-2014
Table 69 Expansions, 2012-2014   
 
List of Figures  (77 Figures)    
   
Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Assumptions of The Research Study
Figure 5 Wireless Charging Market Snapshot (2014 Vs 2020): Market of Inductive Charging Technology is Expected To Double By 2020
Figure 6 Wireless Charging Market, By Application, 2013
Figure 7 Wireless Charging Market Share, 2013
Figure 8 Huge Growth Can Be Expected From The Wireless Charging Market
Figure 9 Induction Technology Based Wireless Chargers Are Expected To Grow At A Faster Rate
Figure 10 The Consumer Electronics Application is Expected To Capture The Major Share In The Asia-Pacific Market
Figure 11 U.S. And China Command The Wireless Charging Market By Contributing The Highest Market Share
Figure 12 Short Range Wireless Charging is Expected To Dominate The Market
Figure 13 The Developing Markets Are Expected To Grow At A Faster Rate Than The Developed Markets
Figure 14 The Inductive Technology Has A Promising Future In The Emerging Economies
Figure 15 Evolution: Wireless Charging Technology
Figure 16 Wireless Charging Market Segment: By Technology
Figure 17 Wireless Charging Market Segment: By Transmission Type
Figure 18 Wireless Charging Market Segment: By Applcation
Figure 19 Wirless Charging Market: By Geography
Figure 20 The Increasing Efficiency In Wireless Charging Enabled Devices is Expected To Lead The Market
Figure 21 Value Chain Analysis: Wireless Charging Market
Figure 22 Porterís Five Forces Analysis
Figure 23 Intensity of Competitive Rivalary: Wirless Charging Market, 2013
Figure 24 Bargaining Power of Customers (Buyers): Wireless Charging  Market, 2013
Figure 25 Bargaining Power of Suppliers:Wireless Charging Market, 2013
Figure 26 Threat of Substitute Products And Services: Wireless Charging Market, 2013
Figure 27 Threats of New Entrants: Wireless Charging Market, 2013
Figure 28 Strategic Benchmarking: Product Innovation A Key Differentiator
Figure 29 Strategic Benchmarking: Activities Such As New Contracts, Agreements, Acquistitions, And New Product Developments Are Driving The Market Growth
Figure 30 Induction Technology Dominates The Wireless Charging Market
Figure 31 Consumer Electronics, In Terms of Inductive Technology, is Expected To Grow At The Highest Cagr
Figure 32 Huge Demand For Radiation Technology is Expected From The Industrial Application
Figure 33 Huge Growth is Expected From The North American And European Region With Regards To Radiation Technology
Figure 34 European Region To Be A Key Market For The Others Segment
Figure 35 Technologies For Long Range Wireless Charging Are Expected To Grow At A Higher Cagr
Figure 36 Consumer Electronics In Terms of Short Range is Expected To Reach The Highest Market Size By 2020
Figure 37 The APAC Region is Expected To Witness A Huge Growth For Medium Range Wireless Charging
Figure 38 A Significant Growth is Anticipated For The Automotive And Industrial Applications
Figure 39 North America And Europe Are Expected To Collectively Hold The Largest Market Size In Terms of Charging Over A Longer Distance
Figure 40 The Consumer Electronics Application is Expected To Dominate The Wireless Charging Market By 2020
Figure 41 Smartphones Held The Highest Market Share In The Consumer Electronics Application For The Wireless Charging Market In 2013
Figure 42 Multi-Device Chargers Are Expected To Dominate The Wireless Charging Market By 2020
Figure 43 The Induction Technology Dominates The Military & Defense Application In The Wireless Charging Market In 2014
Figure 44 The Radiation Technology is Expected To Grow At The Highest Rate From 2014 To 2020
Figure 45 Europe Held The Highest Market Share In The Healthcare Application of Wireless Charging In 2014
Figure 46 The Induction Technology is Expected To Rule The Automotive Application For Wireless Charging By 2020
Figure 47 Europe is Projected To Grow At The Highest Cagr In The Automotive Application, From 2014 To 2020
Figure 48 Induction Technology Held The Largest Share In The Industrial Application In 2013
Figure 49 APAC Shows An Impressive Growth In The Wireless Charging Market
Figure 50 North America Market Snapshot: U.S. is Expected To Account For The Highest Market Share In Terms of Value
Figure 51 U.S Accounts For The Largest Market Share Within The Wireless Charging Market In North America
Figure 52 Russia is Expected To Growth At The Highest Cagr In The European Wireless Charging Market
Figure 53 Induction Technology is Expected To Dominate The European Market, By 2020
Figure 54 Demand For Wireless Charging For Electric Vehicles is Expected To Boost The European Market
Figure 55 APAC Snapshot: Demand For Wireless Charging Enabled Electronics Expected To Drive The APAC Market
Figure 56 Majority of The Demand For Consumer Electronics is Expected From The Asia-Pacific Region
Figure 57 Wireless Charging Enabled Devices is Expected To Be Dominated By Induction Technology, By 2020
Figure 58 Middle East is Expected To Grow At A Faster Rate As Compared To Row
Figure 59 Consumer Electronics is Expecetd To Dominate The Row Market In Terms of Wireless Charging, By 2020
Figure 60 Companies Adopted Product Innovation As The Key Growth Strategies, Between 2012 And 2014
Figure 61 Qualcomm Grew AT The Fastest Rate Between 2010 And 2013
Figure 62 Wireless Charging Market Share, By Key Player, 2013
Figure 63 Market Evolution Framework: New Product Launches Has Been The Key Strategy Between 2011 And 2014
Figure 64 Battle For Market Share: New Product Launches Was The Key Strategy
Figure 65 Geographic Revenue Mix of Top 4 Market Players
Figure 66 Competitive Benchmarkeing of Key Market Players (2010-2013): Qualcomm Inc., Emerged As The Champion
Figure 67 Energizer Holdings, Inc: Business Overview
Figure 68 Energizer Holdings, Inc: Swot Analysis
Figure 69 Integrated Device Technology: Business Overview
Figure 70 Integrated Device Technology Inc.: Swot Analysis
Figure 71 Leggett & Platt, Incorporated: Business Overview
Figure 72 Leggett & Platt: Swot Analysis
Figure 73 Murata Manufacturing Co.Ltd: Business Overview
Figure 74 Qualcomm Incorporated : Business Overview
Figure 75 Qualcomm Inc. : Swot Analysis
Figure 76 Texas Instruments Incorporated: Business Overview
Figure 77 Texas Instruments Inc.: Swot Analysis

Wireless charging technology has recently seen major development; however this technology can be traced back to 1891 when Nikola Tesla demonstrated the transfer of energy wirelessly, by means of electrostatic induction. With the development and advancement of technology, it has now become possible to transfer power from the transmitter to receiver, efficiently and effectively. These advancements have also helped develop this technology for various applications such as consumer electronics, defense, healthcare, and automotive, and industrial, among others.

Wireless charging market has been segmented into four basic segments which include market by technology, market by transmission range, market by application, and market by geography. Market by technology includes technology such as inductive, radiation, and other technology (laser technology).

The figure below shows the estimated growth of the wireless charging market between 2014 and 2020.

Wireless Charging Market

The Wireless charging market is forecasted to grow at a CAGR of 60.26%, between 2014 and 2020. Induction technology is expected to grow at the highest CAGR of 60.80%, between 2014 and 2020. This is mainly due to the fact that majority of the wireless charging enabled devices being developed are based on resonance technology. Recently, Alliance for Wireless Power (A4WP) and Power Matters Alliance (PMA) have decided to collaborate on further developing inductive technology. It has been estimated that in future, almost all wireless charging enabled devices would run according to the standards, based on inductive charging technology developed by the said associations. Radiation technology and other technologies have a very low market size, in terms of value. Other technology which includes laser technology is considered to have the capability to transmit power over longer distances. This means that power can be received by, for example, unmanned aerial vehicle (UAV) from a transmitter situated on the ground. These transmitters use laser technology to transmit the power, over a long distance. Currently laser technology with regards to wireless charging is not yet fully commercialized, so its market size in terms of value is small, however with the development and advancement of technology, it has been estimated that its market would grow.

In the report the drivers, restraints, and opportunities have been described briefly along with their respective impact on the wireless charging market. The major driving factors of this technology include: user friendliness, growing demand for smartphones, and the ability to charge multiple devices at the same time. The major restrains include:  lack of standards related to conformity and interference with other electronic devices. Increasing efficiency of wireless charging devices and growth of new applications comprise the key opportunities in the wireless charging market. Compatibility issues, inadequate government regulation, and lack of awareness are considered to be the key challenges for this market.

The various key players in the wireless charging technology market include ConvenientPower HK Ltd. (Hong Kong), Energizer Holding, Inc. (U.S.), Integrated Device Technology Inc.  (U.S.), Leggett and Platt Inc. (U.S.), Murata Manufacturing Co. Ltd. (Japan), PowerbyProxi Ltd. (New Zealand), Powermat Technologies Ltd. (Israel), Qualcomm Incorporated (U.S.), Texas Instruments Incorporated (U.S.), and WiTricity Corporation (U.S.). These companies operate globally and develop wireless charging technology related products and services for various applications.

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