Wireless Charging Market (2012 2017) Global Forecast & Analysis
By: marketsandmarkets.com
Publishing Date:
April 2012
Report Code:
SE 1845
Wireless Charging Market (2012-2017) - Global Forecast and Analysis by Technology (Inductive, Magnetic Resonance, Radio Frequency (RF), Microwave, Optical Beam), Products (Pads and Receivers for Smartphones), Applications (Smartphones, Industrial, Medical, Military, Electric Vehicles)
Charging the battery of any electronic device without the use of cables and cords constitutes wireless charging. The concept of wireless charging was introduced by Nikola Tesla in the year 1899 where he demonstrated transmission of 100 million volts of electricity across 26 miles. This age old technology has come into being for charging consumer electronics, especially for smartphones as of 2011.
Since the market is at a nascent stage, there are a number of opportunities in the market; such as having wireless charging embedded in commercial outlets such as cafιs, cinema halls, airports, and so on. Also, embedding receivers in the smartphones eliminates the need of using a sleeve. Charging electric vehicles wirelessly is a very prominent field as of today and gaining momentum. There are several universities such as Stanford University (U.S.), Clemson University (U.S.) and companies conducting researches on the same.
The companies, universities, and research institutes are conducting extensive R&D on the same and trying to embed the receiver coils in the phone, which will eliminate the need for the sleeve as well. Standards and interoperability are the major concerns in the market as of today. Since the market is in its infancy; there are no set standards for the same.
The Wireless Power Consortium established a standard for interoperability named the Qi standard, which enables charging pads and devices with Qi certification to charge together. There are other emerging standards as well for charging the devices wirelessly.
The medical and the military applications contribute a very minor percentage to the wireless charging market as of 2011 and are expected to increase at a very slow rate. These markets are very small as of today due to the feasibility and the acceptability of the product. Since the concept of wireless charging is new, the companies are carrying out R&D and working towards enabling the users to accept the product.
The global wireless charging market is expected to reach $7.161 billion in 2017 from $456.86 million in 2011 at an estimated CAGR of 57.46% from 2012 to 2017. Japan ranks first in the wireless charging market. The North American market will take a couple of years to grow due to the slow acceptance of the concept of wireless charging. The consumers are yet in the learning curve of the concept and will take time to accept this new technology.
Scope of the report
This wireless charging market research report categorizes the global market on the basis of different products the companies offer for charging smartphones wirelessly, the different technologies that are used for charging electronic devices wirelessly, and various applications that wireless charging caters to.
On the basis of products
The wireless charging market for smartphones in the product segment consists of wireless charging pads for smartphones as well as receivers for charging mobile phones.
On the basis of technology
The report describes five different types of technologies that are used for the wireless charger market; namely inductive coupling technology, magnetic resonance technology, radio frequency (RF) technology, microwave technology, and optical beam technology.
On the basis of applications
Five various areas of applications are covered in the report, namely; smartphones, industrial applications, military applications, medical applications and wireless charging solutions for electric vehicles.
On the basis of geography
- North America
- Europe
- Japan
- Asia-Pacific (Excluding Japan)
- ROW
Each section will provide market data, market drivers, trends and opportunities, key players, and competitive outlook. It will also provide market tables for covering the sub-segments and micro-markets. In addition, the report provides more than 20 company profiles covering all the sub-segments.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 KEY TAKE-AWAYS
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.4 STAKEHOLDERS
1.5 RESEARCH METHODOLOGY
1.5.1 KEY DATA POINTS TAKEN FROM SECONDARY SOURCES
1.5.2 KEY DATA POINTS TAKEN FROM PRIMARY SOURCES
1.5.3 LIST OF COMPANIES CONTACTED DURING THE REPORT
1.6 ASSUMPTIONS MADE FOR THE REPORT
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
3.1 INTRODUCTION
3.2 WHAT IS WIRELESS CHARGING?
3.3 WIRELESS POWER CONSORTIUM
3.4 MARKET DYNAMICS
3.4.1 DRIVERS
3.4.1.1 Convenience
3.4.1.2 Reduction in electronic waste (e-waste)
3.4.1.3 Reduction in power consumption
3.4.1.3.1 Case I
3.4.1.3.2 Case II
3.4.2 RESTRAINTS
3.4.2.1 Transmission efficiency not at par in comparison to wired charging solutions
3.4.2.2 Lack of standards and interoperability
3.4.3 OPPORTUNITIES
3.4.3.1 Receivers embedded in cell phones
3.4.3.2 Wireless Charging Infrastructure
3.4.3.3 Increasing R&D projects
3.4.4 BURNING ISSUES
3.4.4.1 Lack of awareness
3.4.5 PORTERS FIVE FORCES MODEL
3.4.5.1 Threat of substitutes
3.4.5.2 Threat of new entrants
3.4.5.3 Bargaining power of suppliers
3.4.5.4 Bargaining power of customers
3.4.5.5 Intensity of rivalry
3.5 CHARGING WIRELESSLY WITHOUT CHARGING PADS
3.6 APPLICATION ANALYSIS OF WIRELESS CHARGING
4 TECHNOLOGY MARKET
4.1 TECHNOLOGY OVERVIEW
4.1.1 COMPARISON OF TECHNOLOGIES
4.1.2 INDUCTIVE TECHNOLOGY
4.1.3 MAGNETIC RESONANCE TECHNOLOGY
4.1.4 RADIO FREQUENCY TECHNOLOGY
4.1.5 MICROWAVE TECHNOLOGY
4.1.6 OPTICAL BEAM TECHNOLOGY
5 PRODUCTS MARKET
5.1 PRODUCTS OVERVIEW
5.1.1 WIRELESS CHARGING PADS
5.1.2 RECEIVERS FOR WIRELESS CHARGING PADS
5.1.2.1 Case studies for wireless charging receivers market
6 APPLICATIONS MARKET
6.1 APPLICATIONS OVERVIEW
6.1.1 SMARTPHONES
6.1.1.1 Embedded receivers
6.1.2 OTHER CONSUMER ELECTRONIC DEVICES
6.1.3 INDUSTRIAL
6.1.4 MILITARY
6.1.5 MEDICAL
6.1.6 ELECTRIC VEHICLES
7 GEOGRAPHIC ANALYSIS
7.1 OVERVIEW
7.1.1 NORTH AMERICA
7.1.2 EUROPE
7.1.3 JAPAN
7.1.4 APAC (EXCLUDING JAPAN)
7.1.5 ROW
8 COMPETITIVE LANDSCAPE
8.1 MARKET SHARE ANALYSIS
8.2 NEW PRODUCT DEVELOPMENTS
8.3 PARTNERSHIP/COLLABORATION/JOINT VENTURE & AGREEMENT
8.4 MERGERS & ACQUISITIONS
8.5 OTHERS
9 COMPANY PROFILES
9.1 AVID TECHNOLOGIES INC.
9.1.1 OVERVIEW
9.1.2 PRODUCTS & SERVICES
9.1.3 FINANCIALS
9.1.4 STRATEGY
9.1.5 DEVELOPMENTS
9.2 CONVENIENT POWER HK LIMITED
9.2.1 OVERVIEW
9.2.2 PRODUCTS & SERVICES
9.2.3 FINANCIALS
9.2.4 STRATEGY
9.2.5 DEVELOPMENTS
9.3 3 ENERGIZER
9.3.3.1 OVERVIEW
9.3.3.2 PRODUCTS & SERVICES
9.3.3.3 FINANCIALS
9.3.4 STRATEGY
9.3.5 DEVELOPMENTS
9.4 EVATRAN LLC
9.4.1 OVERVIEW
9.4.2 PRODUCTS & SERVICES
9.4.3 PATENTS
9.4.4 FINANCIALS
9.4.5 DEVELOPMENTS
9.5 FULTON INNOVATION LLC
9.5.1 OVERVIEW
9.5.2 PRODUCTS & SERVICES
9.5.3 FINANCIALS
9.5.4 STRATEGY
9.5.5 DEVELOPMENTS
9.6 GETPOWERPAD
9.6.1 OVERVIEW
9.6.2 PRODUCTS & SERVICES
9.6.3 FINANCIALS
9.6.4 STRATEGY
9.6.5 DEVELOPMENTS
9.7 GILL INDUSTRIES
9.7.1 OVERVIEW
9.7.2 PRODUCTS & SERVICES
9.7.3 FINANCIALS
9.7.4 STRATEGY
9.7.5 DEVELOPMENTS
9.8 HALOIPT
9.8.1 OVERVIEW
9.8.2 PRODUCTS & SERVICES
9.8.3 FINANCIALS
9.8.4 STRATEGY
9.8.5 DEVELOPMENTS
9.9 HITACHI MAXELL LTD.
9.9.1 OVERVIEW
9.9.2 PRODUCTS & SERVICES
9.9.3 FINANCIALS
9.9.4 STRATEGY
9.9.5 DEVELOPMENTS
9.10 MAPTECH CO., LTD.
9.10.1 OVERVIEW
9.10.2 PRODUCTS & SERVICES
9.10.3 FINANCIALS
9.11 MEDIATEK INC.
9.11.1 OVERVIEW
9.11.2 PRODUCTS & SERVICES
9.11.3 FINANCIALS
9.11.4 STRATEGY
9.11.5 DEVELOPMENTS
9.12 MOJO MOBILITY
9.12.1 OVERVIEW
9.12.2 PRODUCTS & SERVICES
9.12.3 FINANCIALS
9.12.4 DEVELOPMENTS
9.13 NTT DOCOMO
9.13.1 OVERVIEW
9.13.2 PRODUCTS & SERVICES
9.13.3 FINANCIALS
9.13.4 STRATEGY
9.13.5 DEVELOPMENTS
9.14 POWERBEAM
9.14.1 OVERVIEW
9.14.2 PRODUCTS & SERVICES
9.14.3 FINANCIALS
9.15 POWERBYPROXI LTD.
9.15.1 OVERVIEW
9.15.2 PRODUCTS & SERVICES
9.15.3 FINANCIALS
9.15.4 STRATEGY
9.15.5 DEVELOPMENTS
9.16 POWERCAST CORPORATION
9.16.1 OVERVIEW
9.16.2 PRODUCTS & SERVICES
9.16.3 FINANCIALS
9.16.4 STRATEGY
9.16.5 DEVELOPMENTS
9.17 POWERKISS OY
9.17.1 OVERVIEW
9.17.2 PRODUCTS & SERVICES
9.17.3 FINANCIALS
9.17.4 STRATEGY
9.17.5 DEVELOPMENTS
9.18 POWERMAT TECHNOLOGIES
9.18.1 OVERVIEW
9.18.2 PRODUCTS & SERVICES
9.18.3 FINANCIALS
9.18.4 STRATEGY
9.18.5 DEVELOPMENTS
9.19 PURE ENERGY SOLUTIONS
9.19.1 OVERVIEW
9.19.2 PRODUCTS & SERVICES
9.19.3 FINANCIALS
9.19.4 STRATEGY
9.19.5 DEVELOPMENTS
9.20 QUALCOMM
9.20.1 OVERVIEW
9.20.2 PRODUCTS & SERVICES
9.20.3 FINANCIALS
9.20.4 STRATEGY
9.20.5 DEVELOPMENTS
9.21 RRC POWER SOLUTIONS
9.21.1 OVERVIEW
9.21.2 PRODUCTS & SERVICES
9.21.3 FINANCIALS
9.21.4 STRATEGY
9.21.5 DEVELOPMENTS
9.22 TEXAS INSTRUMENTS INCORPORATED
9.22.1 OVERVIEW
9.22.2 PRODUCTS & SERVICES
9.22.3 FINANCIALS
9.22.4 STRATEGY
9.22.5 DEVELOPMENTS
9.23 VERIZON WIRELESS, INC.
9.23.1 OVERVIEW
9.23.2 PRODUCTS & SERVICES
9.23.3 FINANCIALS
9.23.4 STRATEGY
9.23.5 DEVELOPMENTS
9.24 WITRICITY
9.24.1 OVERVIEW
9.24.2 PRODUCTS & SERVICES
9.24.3 FINANCIALS
9.24.4 STRATEGY
9.24.5 DEVELOPMENTS
9.25 ZENS
9.25.1 OVERVIEW
9.25.2 PRODUCTS & SERVICES
9.25.3 FINANCIALS
9.25.4 STRATEGY
9.25.5 DEVELOPMENTS
LIST OF TABLES
TABLE 1 WIRELESS CHARGING MARKET REVENUE, BY GEOGRAPHY, 2012 2017 ($MILLION)
TABLE 2 APAC WIRELESS CHARGING MARKET, BY COUNTRY, 2012 2017 ($MILLION)
TABLE 3 COMPARATIVE ANALYSIS: CORDED CHARGER VS. WIRELESS CHARGER (FOR MOBILE PHONES)
TABLE 4 COMPARISON OF POWER CONSUMPTION WIRED CHARGER VS. WIRELESS CHARGER
TABLE 5 R&D PROJECTS: UNIVERSITIES
TABLE 6 R&D PROJECTS: COMPANIES
TABLE 7 WIRELESS CHARGING TECHNOLOGIES: A COMPARATIVE STUDY
TABLE 8 GLOBAL WIRELESS CHARGING MARKET REVENUE, BY TECHNOLOGY, 2010 2017 ($MILLION)
TABLE 9 GLOBAL INDUCTIVE TECHNOLOGY MARKET, BY GEOGRAPHY, 2012 2017 ($MILLION)
TABLE 10 GLOBAL MAGNETIC RESONANCE TECHNOLOGY MARKET, BY GEOGRAPHY, 2012 2017 ($THOUSAND)
TABLE 11 GLOBAL RADIO FREQUENCY TECHNOLOGY MARKET, BY GEOGRAPHY, 2012 2017 ($THOUSAND)
TABLE 12 GLOBAL WIRELESS CHARGING MARKET REVENUE, BY PRODUCTS, 2010 2017 ($MILLION)
TABLE 13 CRITICAL CAPABILITY: WIRELESS CHARGING PADS
TABLE 14 GLOBAL MARKET FOR WIRELESS CHARGING PADS, UNIT SHIPMENTS, BY GEOGRAPHY, 2010 2017 (MILLION UNITS)
TABLE 15 APAC: UNIT SHIPMENTS FOR WIRELESS CHARGING PADS, BY COUNTRY, 2012 2017(MILLION UNITS)
TABLE 16 GLOBAL MARKET FOR WIRELESS CHARGING PADS, BY GEOGRAPHY, 2012 2017 ($MILLION)
TABLE 17 APAC WIRELESS CHARGING PADS MARKET REVENUE, BY COUNTRIES, 2012 2017 ($MILLION)
TABLE 18 CRITICAL CAPABILITY: RECEIVERS FOR WIRELESS CHARGING
TABLE 19 MARKET REVENUE FOR RECEIVERS FOR WIRELESS CHARGING, BY GEOGRAPHY, 2010 2017 ($MILLION)
TABLE 20 APAC MARKET REVENUES FOR RECEIVERS FOR WIRELESS CHARGING, BY COUNTRIES, 2012 2017 ($MILLION)
TABLE 21 GLOBAL UNIT SHIPMENTS FOR WIRELESS CHARGING RECEIVERS, BY GEOGRAPHY, 2012 2017 (MILLION UNITS)
TABLE 22 APAC: UNIT SHIPMENTS OF RECEIVERS FOR WIRELESS CHARGING MARKET, BY COUNTRIES, 2012 2017 (MILLION UNITS)
TABLE 23 GLOBAL RECEIVER MARKET AND SHIPMENTS, CONSIDERING 1 RECEIVER, 2010 2017
TABLE 24 GLOBAL RECEIVER MARKET AND SHIPMENTS, CONSIDERING 2 RECEIVERS, 2010 2017
TABLE 25 GLOBAL RECEIVER MARKET AND SHIPMENTS, CONSIDERING 3 RECEIVERS, 2010 2017
TABLE 26 GLOBAL RECEIVER MARKET AND SHIPMENTS, CONSIDERING 4 RECEIVERS, 2010 2017
TABLE 27 GLOBAL RECEIVER MARKET AND SHIPMENTS, CONSIDERING 5 RECEIVERS, 2010 2017
TABLE 28 GLOBAL WIRELESS CHARGING MARKET REVENUE, BY APPLICATIONS, 2010 2017 ($MILLION)
TABLE 29 WIRELESS CHARGING MARKET REVENUE FOR SMARTPHONES, BY GEOGRAPHY, 2010 2017 ($MILLION)
TABLE 30 APAC: WIRELESS CHARGING MARKET REVENUE FOR SMARTPHONES, BY COUNTRIES (2012 2017)
TABLE 31 SMARTPHONE WIRED CHARGERS MARKET REVENUE, BY GEOGRAPHY, 2010 2017 (BILLION UNITS)
TABLE 32 PERCENTAGE OF WIRELESS CHARGERS FROM GLOBAL SHIPMENTS OF WIRED CHARGERS FOR SMARTPHONES, 2010 2017 (BILLION UNITS)
TABLE 33 MOBILE PHONE SHIPMENTS, BY GEOGRAPHY, 2010 2017 (BILLION UNITS)
TABLE 34 SMARTPHONE SHIPMENTS, BY GEOGRAPHY, 2010 2017 (MILLION UNITS)
TABLE 35 PERCENTAGE OF SMARTPHONES FROM THE GLOBAL MOBILE PHONE MARKET, 2010 2017
TABLE 36 JAPAN SMARTPHONE SHIPMENTS AND EMBEDDED RECEIVERS, 2010 2017
TABLE 37 GLOBAL SMARTPHONE SHIPMENTS AND EMBEDDED RECEIVERS SHIPMENTS, 2010 2017
TABLE 38 GLOBAL SMARTPHONE SHIPMENTS, BY BRAND, 2012 2017 (MILLION UNITS)
TABLE 39 GLOBAL APPLE IPHONE SHIPMENTS, BY REGION, 2012 2017 (MILLION UNITS)
TABLE 40 GLOBAL SAMSUNG SMARTPHONE SHIPMENTS, BY REGION, 2012 2017 (MILLION UNITS)
TABLE 41 GLOBAL RIM UNIT SHIPMENTS, BY REGION, 2012 2017 (MILLION UNITS)
TABLE 42 MEDIA TABLETS SHIPMENTS, BY GEOGRAPHY, 2010 2017 (THOUSAND UNITS)
TABLE 43 IPAD UNIT SHIPMENTS, BY GEOGRAPHY, 2010 2017 (MILLION UNITS)
TABLE 44 MP3 PLAYERS UNIT SHIPMENTS, BY GEOGRAPHY, 2010 2017 (MILLION UNITS)
TABLE 45 DIGITAL CAMERA SHIPMENTS, BY GEOGRAPHY, 2010 2017 (MILLION UNITS)
TABLE 46 WIRELESS CHARGING MARKET REVENUE, FOR INDUSTRIAL APPLICATIONS, BY GEOGRAPHY, 2010 2017 ($MILLION)
TABLE 47 APAC WIRELESS CHARGING MARKET REVENUE, FOR INDUSTRIAL APPLICATION, BY COUNTRIES, 2012 2017 ($MILLION)
TABLE 48 WIRELESS CHARGING MARKET FOR MILITARY APPLICATIONS, BY GEOGRAPHY, 2010 2017 ($MILLION)
TABLE 49 APAC WIRELESS CHARGING MARKET REVENUE, FOR MILITARY APPLICATIONS, BY COUNTRIES, 2012 2017 ($MILLION)
TABLE 50 GLOBAL WIRELESS CHARGING MARKET REVENUE FOR MEDICAL APPLICATIONS, BY GEOGRAPHY, 2010 2017 ($MILLION)
TABLE 51 APAC: WIRELESS CHARGING MARKET FOR MEDICAL APPLICATIONS, BY COUNTRIES, 2012 2017 ($MILLION)
TABLE 52 ELECTRIC VEHICLES: MANUFACTURERS & RANGE
TABLE 53 ELECTRIC VEHICLES MARKET UNIT SHIPMENTS, BY GEOGRAPHY, 2010 2017 (MILLION UNITS)
TABLE 54 ELECTRIC VEHICLES MARKET REVENUE, BY GEOGRAPHY, 2010 2017 ($BILLION)
TABLE 55 NORTH AMERICA: WIRELESS CHARGING MARKET, BY APPLICATION, 2012 2017 ($MILLION)
TABLE 56 NORTH AMERICA WIRELESS CHARGING MARKET, BY PRODUCT, 2012 2017 ($MILLION)
TABLE 57 EUROPE: WIRELESS CHARGING MARKET, BY APPLICATION, 2012 2017 ($MILLION)
TABLE 58 EUROPE WIRELESS CHARGING MARKET, BY PRODUCT, 2012 2017 ($MILLION)
TABLE 59 JAPAN WIRELESS CHARGING MARKET, BY PRODUCT, 2012 2017 ($MILLION)
TABLE 60 APAC WIRELESS CHARGING MARKET, BY APPLICATION, 2012 2017 ($MILLION)
TABLE 61 CHINA WIRELESS MARKET REVENUES, BY APPLICATION, 2012 2017 ($MILLION)
TABLE 62 KOREA WIRELESS MARKET REVENUES, BY APPLICATION, 2012 2017 ($MILLION)
TABLE 63 TAIWAN WIRELESS MARKET REVENUES, BY APPLICATION, 2012 2017 ($MILLION)
TABLE 64 OTHERS (APAC REGION) WIRELESS MARKET REVENUES, BY APPLICATION, 2012 2017 ($MILLION)
TABLE 65 APAC: WIRELESS CHARGING MARKET, BY PRODUCT, 2012 2017 ($MILLION)
TABLE 66 ROW: WIRELESS CHARGING MARKET, BY APPLICATION, 2012 2017 ($MILLION)
TABLE 67 ROW: WIRELESS CHARGING MARKET, BY PRODUCT, 2012 2017 ($MILLION)
TABLE 68 MARKET RANKING OF TOP 3 PLAYERS, 2011
TABLE 69 NEW PRODUCT DEVELOPMENTS, 2009 2012
TABLE 70 PARTNERSHIP/COLLABORATION/JOINT VENTURE & AGREEMENT, 2008 2012
TABLE 71 MERGERS & ACQUISITIONS, 2011
TABLE 72 OTHERS: CONTRACTS, INSTALLATION & UPGRADATION, 2010 2011
TABLE 73 WITRICITY: TECHNOLOGY AND BENEFITS
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY: APPROACHES
FIGURE 2 DATA TRIANGULATION
FIGURE 3 OVERVIEW: WIRELESS CHARGING MARKET
FIGURE 4 ELIMINATING THE CORDS
FIGURE 5 QI LOGO: WIRELESS POWER CONSORTIUM
FIGURE 6 IMPACT ANALYSIS OF DRIVERS
FIGURE 7 IMPACT ANALYSIS OF RESTRAINTS
FIGURE 8 WIRELESS CHARGING INSIDE CARS
FIGURE 9 ANALYSIS OF PORTERS FIVE FORCES MODEL
FIGURE 10 TARGET APPLICATIONS FOR WIRELESS CHARGING TECHNOLOGY, 2011
FIGURE 11 WIRELESS CHARGING: PRODUCTS OVERVIEW
FIGURE 12 OVERVIEW: WIRELESS CHARGING TECHNOLOGY APPLICATIONS
FIGURE 13 GEOGRAPHIC ANALYSIS: AN OVERVIEW
FIGURE 14 NORTH AMERICA: WIRELESS CHARGING MARKET REVENUE, 2010 2017 ($MILLION)
FIGURE 15 EUROPE: WIRELESS CHARGING MARKET REVENUE, 2010 2017 ($MILLION)
FIGURE 16 JAPAN: WIRELESS CHARGING MARKET REVENUE, 2010 2017 ($MILLION)
FIGURE 17 APAC: WIRELESS CHARGING MARKET REVENUE, 2010 2017 ($MILLION)
FIGURE 18 ROW: WIRELESS CHARGING MARKET REVENUE, 2010 2017 ($MILLION)
FIGURE 19 AVID TECHNOLOGIES: PRODUCTS
FIGURE 20 GETPOWERPAD: PRODUCTS
FIGURE 21 HITACHI MAXELL LTD.: PRODUCTS
FIGURE 22 MEDIA TEK: PRODUCTS
FIGURE 23 NTT DOCOMO: PRODUCTS
FIGURE 24 POWERBEAM INC.: PRODUCTS
FIGURE 25 WIRELESS CHARGING SOLUTIONS
FIGURE 26 POWERKISS: APPLICATIONS
FIGURE 27 PURE ENERGY SOLUTIONS: PRODUCTS
FIGURE 28 QUALCOMM: PRODUCTS
FIGURE 29 WITRICITY: APPLICATIONS
Wireless charging, as the name suggests, comprises elimination of the need for cords, cables, and wires. The increase in the number of consumer electronics and other electronic devices has resulted in an increase in the amount of wires and cables. Wirelessly charging these devices would result in a more convenient option where the user will only have to place the electronic device on a table with chargers implanted and the device will be charged.
The wireless charger market is still in its infancy stage. The driving forces of this market as of today are convenience, reduction in power consumption as well as reduction in electronic waste. The potential challenges in this industry are the lack of standards and interoperability. Another potential challenge in the wireless charging space is the efficiency of charging wirelessly not at par in comparison to the wired charging.
It is expected that in the next five years furniture will also be equipped with wireless charging facilities and a user will not have to use cords or cables to charge mobile phones and other electronic items. Research is being carried out on charging televisions wirelessly and eliminating the long cords that are usually connected to the television. Wireless charging technology will provide more convenience to the users and help them charge electronic products at any place.
Electric vehicle is one of the high potential markets for wireless charging applications. These vehicles will be able to charge wirelessly with the help of copper coils fitted below the vehicle and the coils placed in the residential and commercial space and will not require any separate plug in stations.
The global market for wireless charging is expected to reach $7.161 billion in 2017 from $456.86 million in 2011 at an estimated CAGR of 57.46% from 2012 to 2017. Some of the players in the wireless charging markets are Powermat Technologies (U.S.), Energizer (U.S.), Verizon (U.S.) and many more.

Source: MarketsandMarkets Analysis
