Wireless Charging Market

Wireless Charging Market by Implementation (Transmitters, Receivers), Technology (Magnetic Resonance, Inductive, Radio Frequency), Application (Consumer Electronics, Healthcare, Automotive), and Region (2021-2026)

Report Code: SE 2963 Jan, 2021, by marketsandmarkets.com

[167 Pages Report] The global wireless charging market is estimated to be USD 4.5 billion in 2021 and projected to reach USD 13.4 billion by 2026, at a CAGR of 24.6% between 2021 and 2026. The growing adoption of wireless technologies in consumer electronics industry, and growing sales of electriv vehicles (EV) are few of the primary factors driving market growth. Moreover, increase in use of wireless technology to charge warehouse trucks will create huge opportunities for wireless chargers in near future.

Wireless Charging Market

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COVID-19 Impact on the Global Wireless Charging Market

The COVID-19 impact forecast for the wireless charging market in this report is based on the quarterly and annual reports of the companies under study. Primary interviews have confirmed the downward trend in the wireless charging market in 2020. However, the market is expected to rise after the COVID-19 crisis has been neutralized, as governments have imposed strict policies to maintain safe environments in all manufacturing industries. At present, the adoption of wireless charging is high in the consumer electronics, and automotive industries.

In 2020, wireless charging manufacturers are collaborating with technology providers to improve the efficiency of their products.

  • In February 2020, IDT (Renesas Electronics) announced its collaboration with Panthronics AG, a semiconductor company, to provide connected IoT solutions and wireless charging for the industrial, consumer, and IoT markets.
  • In June 2020, Marubun has announced a collaboration with Ossia Inc. to bring the Cota wireless power technology to the Japanese market.
  • In March 2020, Ossia Inc. has an investment and strategic collaboration with Saint-Gobain. The companies have partnered to bring the Cota wireless power technology to market with a broad range of Saint Gobain products and solutions.

Wireless Charging Market Dynamics

Driver: Simulteanous charging of multiple devices

Multi-device wireless chargers can be used to charge multiple devices at the same time; for example, Qi-enabled Android smartphones, iPhones, Apple watches, Airpods, and fit bands. Such chargers are portable and eliminate the need for carrying several chargers and cables when traveling.  Companies such as Samsung, Belkin, and Mophie are increasingly manufacturing wireless chargers that can charge multiple devices in order to provide a greater user experience. For instance, in September 2020, Samsung announced the launch of a wireless charging pad that can charge three devices at the same time. The pad supports the Qi wireless charging standard, and other smart devices such as smartphones, ear pods, smart watches are also compatible with this charging pad.

Restraint: Declining demand for wireless chargers due to COVID-19

In order to contain the rapid spread of the COVID-19 virus, governments of various nations have taken preventive measures such as lockdowns and shutting down of businesses. The pandemic has impacted various industries, such as consumer electronics, automotive, manufacturing, and transportation. The halt in manufacturing activities has affected the production of smartphones, tablets, vehicles, wearable devices, drones, and wireless chargers, which is significantly impacting the wireless charging market. The extension of the lockdown in Q2 and Q3 of 2020 led to the closure of some manufacturing facilities due to the lack of workforce, disruption in supply chain activities, and revenue loss. Changing consumer buying preferences due to economic disruptions have also impacted the demand for wireless chargers, as customers are focusing on buying only essential products. Thus, the demand for wireless chargers was likely to fall significantly in 2020.

Opportunity: Use of wireless technology to charge warehouse trucks

Charging the complex batteries of warehouse trucks during the working cycle is a time-consuming process. Some batteries do not supply full power once they reach 50% depletion, resulting in partial charging of the device. Many operators maintain complex charging schedules to escape utility cost fines during peak hours. In order to overcome these issues, an inductive battery charging system is used for vehicle fleets; it can be installed in the warehouse environment without the need for extensive space-consuming infrastructure, and helps increase the productivity of logistics up to 30%. Wireless charging helps maintain the batteries of warehouse trucks at a steady level. It eliminates long charging breaks during which trucks are forced to remain idle, and does away with the need for time-consuming replacement of the overall battery troughs.

Challenge: Expensive infrastructure needed for dynamic charging

The development of the wireless charging system for electric vehicles (EV) is at the emerging phase of its market cycle. Dynamic wireless charging EVs use the wireless power transfer technology. Vehicles can be charged by a wireless charger fixed under the floor of the car parking area. Charging can also be done through the dynamic wireless charging process, while the vehicles are in transit lanes. However, in the dynamic wireless charging system, the battery and charging infrastructure, known as the power track, require a large initial investment. This  is expected to present a challenge for players operating in the global wireless charging market during the forecast period.

Wireless Charging Market Ecosystem

Wireless Charging Market by Ecosystem

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Transmitters market is expected to grow at higher CAGR during forecasted period

The transmitters market is expected to grow at higher CAGR owing to the growth of new innovation by the startup players in the market. For instance, FLI Charge, a US-based startup, is offering wireless charging technology-based devices that comprise conductive modules and powered surfaces. These devices are suitable for charging smartphones and other consumer electronics, as well as low energy-consuming medical and industrial devices.

Magnetic Resonance technology market for wireless charging is one of the fastest growing segment during forecasted period

Magnetic resonance is a wireless charging method for objects requiring a large amount of power - up to 11kW. This wireless charging method is used to charge multiple devices from the same charger. It is the most versatile wireless charging method and used for objects such as electric cars, laptops, computers, and vacuum cleaners.

Companies providing magnetic resonance technology include Infineon, Energizer, and WiTricity. In May 2020, China Electricity Council introduced a set of national standards for wireless charging electric vehicles that are based on the magnetic resonance charging technology developed and patented by WiTricity. Standardization is vital for large-scale deployment of wireless charging electric vehicles (EVs), in China and across the globe; it allows any  electric vehicle with wireless capability to use a standard wireless charger.

APAC region is expected to record the highest CAGR during the forecast period

The market in APAC region is expected to record the highest growth rate from 2020 to 2026, due to the presence of developing countries such as India and China. The region is a major raw material manufacturing hub for consumer electronics, automotive, and healthcare applications. However, due to the COVID-19 outbreak, various countries announced lockdowns that halted production activities, disrupted supply chain activities, and resulted in revenue losses. This impacted various markets in the APAC region, including the wireless charging market, in 2020.

Key Market Players

The wireless charging players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, contracts, partnerships and, business expansions, to strengthen their offerings in the market. Energizer Holdings, Inc. (US), Ossia Inc. (US), Samsung Group (South Korea), WiTricity Corporation (US), Evatran Group (US), Leggett & Platt (US), Energous Corporation (US), Powermat (Israel), Momentum Wireless Power (US), Powercast Corp. (US), Elix Wireless (Canada), and Zens (Netherlands), are the major players in the wireless charging market.

The study includes an in-depth competitive analysis of these key players in the wireless charging market with their company profiles, recent developments, and key market strategies.

Recent Strategic Developments

  •  In July 2020, Ossia Inc. has entered into a partnership with Toyoda Gosei, a part of the Toyota Group. The partnership includes strategic investment and a commercial agreement between the companies. . The partnership also includes various commercial projects as well as strategic components including wireless power for smart cities, automotive, IoT, and consumer applications.
  • In January 2020, Ossia Inc. has partnered with KonnectONE to build Ossia’s Cota wireless power technology into the Moxee line of broadband and connected products of KonnectONE.
  • July 2019, Integrated Device Technology (IDT), a subsidiary of Renesas Electronics Corporation, announced the launch of the P9247 transmitter and P9415 receiver, which work together to allow smartphones to wirelessly charge up to 30 W of power, decreasing the charging time gap among wired and wireless charging options.

Critical Questions:

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 WIRELESS CHARGING MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 MARKET STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA
        FIGURE 2 WIRELESS CHARGING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY & PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key data from secondary and primary sources
                    2.1.3.3 Key industry insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
        FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF WIRELESS CHARGING MARKET
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market share by bottom-up analysis (demand side)
                            FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
                            FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 7 ASSUMPTIONS OF THE RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 36)
    3.1 IMPACT OF COVID-19 ON THE WIRELESS CHARGING MARKET
        FIGURE 8 PRE- AND POST-COVID-19 ANALYSIS OF MARKET
    3.2 PRE-COVID-19
    3.3 POST-COVID-19
        FIGURE 9 MARKET FOR TRANSMITTERS TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
        FIGURE 10 INDUCTIVE TECHNOLOGY TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
        FIGURE 11 AUTOMOTIVE EXPECTED TO BE FASTEST-GROWING APPLICATION IN MARKET DURING FORECAST PERIOD
        FIGURE 12 APAC TO BE FASTEST-GROWING MARKET FOR WIRELESS CHARGING DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 40)
    4.1 ATTRACTIVE OPPORTUNITIES IN OVERALL WIRELESS CHARGING MARKET
        FIGURE 13 DEMAND FOR SMARTPHONES AND SMART WEARABLES TO DRIVE GROWTH OF MARKET
    4.2 MARKET, BY IMPLEMENTATION
        FIGURE 14 RECEIVERS TO LEAD MARKET DURING FORECAST PERIOD
    4.3 MARKET, BY TECHNOLOGY
        FIGURE 15 INDUCTIVE SEGMENT EXPECTED TO HOLD LARGEST SHARE OF MARKET BY 2026
    4.4 MARKET, BY APPLICATION
        FIGURE 16 CONSUMER ELECTRONICS SEGMENT EXPECTED TO HOLD LARGEST SHARE OF MARKET BY 2026
    4.5 GEOGRAPHIC ANALYSIS OF MARKET
        FIGURE 17 APAC EXPECTED TO WITNESS HIGHEST CAGR IN MARKET BY 2026

5 MARKET OVERVIEW (Page No. - 43)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 18 WIRELESS CHARGING MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Rising adoption of wireless technology in consumer electronics devices
                    5.2.1.2 Increasing sales of electric vehicles
                    5.2.1.3 Simultaneous charging of multiple devices
                            FIGURE 19 DRIVERS OF WIRELESS CHARGING MARKET AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 Compatibility issues restrict adoption of wireless charging devices
                    5.2.2.2 Declining demand for wireless chargers due to COVID-19
                            FIGURE 20 RESTRAINTS FOR MARKET AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Use of wireless technology to charge warehouse trucks
                    5.2.3.2 Increasing efficiency of wireless charging devices
                            FIGURE 21 OPPORTUNITIES FOR MARKET AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Expensive infrastructure needed for dynamic charging
                    5.2.4.2 Customer preference for traditional charging technology
                            FIGURE 22 CHALLENGES FOR MARKET AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 23 VALUE CHAIN ANALYSIS: MARKET
    5.4 ECOSYSTEM
        FIGURE 24 MARKET: ECOSYSTEM
    5.5 PORTER’S FIVE FORCE ANALYSIS
        TABLE 1 IMPACT OF EACH FORCE ON THE MARKET
    5.6 CASE STUDY
           5.6.1 CHARGIFI LTD. PROVIDES WIRELESS CHARGING FOR ENNISMORE WORKSPACE
           5.6.2 WIRELESS CHARGING OF ELECTRIC VEHICLES FOR ELECTRIFIED TRANSPORTATION COMPANY
           5.6.3 CHARGING OF LINK TRANSIT BUSES WITH MOMENTUM DYNAMICS CHARGING PADS
    5.7 TECHNOLOGY TRENDS
           5.7.1 INTERNET OF THINGS (IOT)
           5.7.2 INDUSTRY 4.0
    5.8 PRICING ANALYSIS
           5.8.1 PRICE LIST OF WIRELESS CHARGERS
           5.8.2 PRICE LIST OF WIRELESS CHARGING COMPONENTS
    5.9 TRADE ANALYSIS
        TABLE 2 IMPORT DATA, 2015–2019 (USD MILLION)
        TABLE 3 EXPORT DATA, 2015–2019 (USD MILLION)
    5.10 PATENT ANALYSIS
    5.11 MARKET REGULATIONS
           5.11.1 QI STANDARD
           5.11.2 AIRFUEL ALLIANCE
                    5.11.2.1 PMA (Power Matters Alliance)
                             TABLE 4 FREQUENCY OF STANDARDS
           5.11.3 ISO 15118-20
           5.11.4 WIRELESS POWER CONSORTIUM
           5.11.5 CHINA GB STANDARDS FOR WIRELESS CHARGING OF ELECTRIC VEHICLES
           5.11.6 RADIO EQUIPMENT DIRECTIVE
                    5.11.6.1 EN 301 489-1 & -3 (EMC)
                    5.11.6.2 ETSI EN 303 417 (Radio)

6 WIRELESS CHARGING MARKET, BY IMPLEMENTATION (Page No. - 58)
    6.1 INTRODUCTION
        FIGURE 25 MARKET, BY IMPLEMENTATION
        FIGURE 26 RECIEVERS MARKET EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 5 MARKET, BY IMPLEMENTATION, 2017–2020 (USD MILLION)
        TABLE 6 MARKET, BY IMPLEMENTATION, 2021–2026 (USD MILLION)
    6.2 TRANSMITTERS
           6.2.1 GROWING DEVELOPMENT OF WIRELESS POWER TRANSMISSION ICS EXPECTED TO DRIVE MARKET DURING FORECAST PERIOD
                 TABLE 7 MARKET FOR TRANSMITTERS, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                 TABLE 8 MARKET FOR TRANSMITTER, BY TECHNOLOGY, 2021–2026 (USD MILLION)
    6.3 RECEIVERS
           6.3.1 AFTERMARKET
                    6.3.1.1 Use of aftermarket receivers to charge smartphones without wireless capability
           6.3.2 INTEGRATED
                    6.3.2.1 Launch of integrated wireless receivers in smartphones expected to drive market
                            TABLE 9 MARKET FOR RECEIVERS, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                            TABLE 10 MARKET FOR RECEIVERS, BY TECHNOLOGY, 2021–2026 (USD MILLION)

7 WIRELESS CHARGING MARKET, BY TECHNOLOGY (Page No. - 63)
    7.1 INTRODUCTION
        FIGURE 27 MARKET, BY TECHNOLOGY
        FIGURE 28 MAGNETIC RESONANCE EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 11 MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
        TABLE 12 MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
    7.2 MAGNETIC RESONANCE
           7.2.1 USED TO CHARGE OBJECTS WITH LARGE POWER REQUIREMENTS
                 TABLE 13 MARKET FOR MAGNETIC RESONANCE, BY IMPLEMENTATION, 2017–2020 (USD MILLION)
                 TABLE 14 MARKET FOR MAGNETIC RESONANCE, BY IMPLEMENTATION, 2021–2026 (USD MILLION)
                 TABLE 15 MARKET FOR MAGNETIC RESONANCE, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 16 MARKET FOR MAGNETIC RESONANCE, BY APPLICATION, 2021–2026 (USD MILLION)
    7.3 INDUCTIVE
           7.3.1 ADOPTION OF QI WIRELESS CHARGING BASED ON INDUCTIVE TECHNOLOGY BY LARGE NUMBER OF SMARTPHONE MANUFACTURERS
                 TABLE 17 MARKET FOR INDUCTIVE, BY IMPLEMENTATION, 2017–2020 (USD MILLION)
                 TABLE 18 MARKET FOR INDUCTIVE, BY IMPLEMENTATION, 2021–2026 (USD MILLION)
                 TABLE 19 MARKET FOR INDUCTIVE, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 20 MARKET FOR INDUCTIVE, BY APPLICATION, 2021–2026 (USD MILLION)
    7.4 RADIO FREQUENCY
           7.4.1 GENERALLY USED TO CHARGE SMALL BATTERIES
                 TABLE 21 MARKET FOR RADIO FREQUENCY, BY IMPLEMENTATION, 2017–2020 (USD MILLION)
                 TABLE 22 MARKET FOR RADIO FREQUENCY, BY IMPLEMENTATION, 2021–2026 (USD MILLION)
                 TABLE 23 MARKET FOR RADIO FREQUENCY, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 24 MARKET FOR RADIO FREQUENCY, BY APPLICATION, 2021–2026 (USD MILLION)

8 WIRELESS CHARGING MARKET, BY APPLICATION (Page No. - 71)
    8.1 INTRODUCTION
        FIGURE 29 MARKET, BY APPLICATION
        FIGURE 30 AUTOMOTIVE APPLICATION EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 25 MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 26 MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    8.2 AUTOMOTIVE
           8.2.1 INCREASING SALES OF ELECTRIC VEHICLES EXPECTED TO DRIVE MARKET GROWTH BY 2026
                    8.2.1.1 Electric Vehicles
                            TABLE 27 MARKET FOR AUTOMOTIVE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                            TABLE 28 MARKET FOR AUTOMOTIVE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
                            TABLE 29 MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 30 MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
                            TABLE 31 NORTH AMERICAN WIRELESS MARKET FOR AUTOMOTIVE, 2017–2020 (USD MILLION)
                            TABLE 32 NORTH AMERICAN MARKET FOR AUTOMOTIVE, 2021–2026 (USD MILLION)
                            TABLE 33 EUROPEAN MARKET FOR AUTOMOTIVE, 2017–2020 (USD MILLION)
                            TABLE 34 EUROPEAN MARKET FOR AUTOMOTIVE, 2021–2026 (USD MILLION)
                            TABLE 35 APAC MARKET FOR AUTOMOTIVE, 2017–2020 (USD MILLION)
                            TABLE 36 APAC MARKET FOR AUTOMOTIVE, 2021–2026 (USD MILLION)
                            TABLE 37 ROW MARKET FOR AUTOMOTIVE, 2021–2026 (USD MILLION)
    8.3 CONSUMER ELECTRONICS
           8.3.1 HOLDS LARGEST SHARE OF GLOBAL MARKET
                    8.3.1.1 Smartphones and Tablets
                    8.3.1.2 Laptops and Notebooks
                    8.3.1.3 Wearables
                    8.3.1.4 Kitchen Appliances
                    8.3.1.5 Others
                            TABLE 38 MARKET FOR CONSUMER ELECTRONICS, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                            TABLE 39 MARKET FOR CONSUMER ELECTRONICS, BY TECHNOLOGY, 2021–2026 (USD MILLION)
                            TABLE 40 MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 41 MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2021–2026 (USD MILLION)
                            TABLE 42 NORTH AMERICAN MARKET FOR CONSUMER ELECTRONICS, 2017–2020 (USD MILLION)
                            TABLE 43 NORTH AMERICAN MARKET FOR CONSUMER ELECTRONICS, 2021–2026 (USD MILLION)
                            TABLE 44 EUROPEAN MARKET FOR CONSUMER ELECTRONICS, 2017–2020 (USD MILLION)
                            TABLE 45 EUROPEAN MARKET FOR CONSUMER ELECTRONICS, 2021–2026 (USD MILLION)
                            TABLE 46 APAC MARKET FOR CONSUMER ELECTRONICS, 2017–2020 (USD MILLION)
                            TABLE 47 APAC MARKET FOR CONSUMER ELECTRONICS, 2021–2026 (USD MILLION)
                            TABLE 48 ROW MARKET FOR CONSUMER ELECTRONICS, 2017–2020 (USD MILLION)
                            TABLE 49 ROW MARKET FOR CONSUMER ELECTRONICS, 2021–2026 (USD MILLION)
    8.4 HEALTHCARE
           8.4.1 GROWING AVAILABILITY OF HANDHELD MEDICAL EQUIPMENT EXPECTED TO DRIVE MARKET GROWTH
                    8.4.1.1 Hearing Aids
                    8.4.1.2 Glucose Monitors
                    8.4.1.3 Smart Glasses
                            TABLE 50 MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                            TABLE 51 MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
                            TABLE 52 MARKET FOR HEALTHCARE, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 53 MARKET FOR HEALTHCARE, BY REGION, 2021–2026 (USD MILLION)
                            TABLE 54 NORTH AMERICAN MARKET FOR HEALTHCARE, 2017–2020 (USD MILLION)
                            TABLE 55 NORTH AMERICAN MARKET FOR HEALTHCARE, 2021–2026 (USD MILLION)
                            TABLE 56 EUROPEAN MARKET FOR HEALTHCARE, 2017–2020 (USD MILLION)
                            TABLE 57 EUROPEAN MARKET FOR HEALTHCARE, 2021–2026 (USD MILLION)
                            TABLE 58 APAC MARKET FOR HEALTHCARE, 2017–2020 (USD MILLION)
                            TABLE 59 APAC MARKET FOR HEALTHCARE, 2021–2026 (USD MILLION)
                            TABLE 60 ROW MARKET FOR HEALTHCARE, 2021–2026 (USD MILLION)
    8.5 OTHERS
           8.5.1 INDUSTRIAL
                    8.5.1.1 Power Tools
                               8.5.1.1.1 Increasing demand for cordless power tools to drive market growth
                    8.5.1.2 Industrial Vehicles (Drones and Mobile Robots)
                               8.5.1.2.1 High growth in autonomous and commercial drones
                                         TABLE 61 MARKET FOR OTHERS, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                                         TABLE 62 MARKET FOR OTHERS, BY TECHNOLOGY, 2021–2026 (USD MILLION)
                                         TABLE 63 MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)
                                         TABLE 64 MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)
                                         TABLE 65 NORTH AMERICAN MARKET FOR OTHERS, 2017–2020 (USD MILLION)
                                         TABLE 66 NORTH AMERICAN MARKET FOR OTHERS, 2021–2026 (USD MILLION)
                                         TABLE 67 EUROPEAN MARKET FOR OTHERS, 2017–2020 (USD MILLION)
                                         TABLE 68 EUROPEAN MARKET FOR OTHERS, 2021–2026 (USD MILLION)
                                         TABLE 69 APAC MARKET FOR OTHERS, 2017–2020 (USD THOUSAND)
                                         TABLE 70 APAC MARKET FOR OTHERS, 2021–2026 (USD THOUSAND)
                                         TABLE 71 ROW MARKET FOR OTHERS, 2021–2026 (USD THOUSAND)
           8.5.2 AEROSPACE
                    8.5.2.1 Wireless charging eliminates use of heavy batteries in military applications
                               8.5.2.1.1 Military Devices
                               8.5.2.1.2 Aircraft

9 GEOGRAPHIC ANALYSIS (Page No. - 94)
    9.1 INTRODUCTION
        FIGURE 31 WIRELESS CHARGING MARKET, BY REGION
        FIGURE 32 MARKET IN APAC TO RECORD HIGHEST CAGR FROM 2020 TO 2026
        TABLE 72 MARKET, BY REGION, 2017–2020 (USD MILLION)
        TABLE 73 MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.2 NORTH AMERICA
        FIGURE 33 SNAPSHOT: MARKET IN NORTH AMERICA
        TABLE 74 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
        TABLE 75 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
        TABLE 76 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 77 MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
           9.2.1 US
                    9.2.1.1 Presence of various end-user industries as well as market players to drive market growth
           9.2.2 CANADA
                    9.2.2.1 Government initiatives expected to drive market
           9.2.3 MEXICO
                    9.2.3.1 Automotive industry to fuel market growth
    9.3 EUROPE
        FIGURE 34 SNAPSHOT: MARKET IN EUROPE
        TABLE 78 MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
        TABLE 79 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
        TABLE 80 MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 81 MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
           9.3.1 UK
                    9.3.1.1 Government initiatives to boost market growth
           9.3.2 GERMANY
                    9.3.2.1 Fastest-growing market in Europe
           9.3.3 ITALY
                    9.3.3.1 Rising investment in wireless charging technology
           9.3.4 REST OF EUROPE
    9.4 APAC
        FIGURE 35 SNAPSHOT: CHARGING MARKET IN APAC
        TABLE 82 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
        TABLE 83 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
        TABLE 84 MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 85 MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
           9.4.1 CHINA
                    9.4.1.1 Largest market for wireless charging in region
           9.4.2 JAPAN
                    9.4.2.1 Development of electric vehicle infrastructure to accelerate market growth
           9.4.3 INDIA
                    9.4.3.1 Increasing investments to boost market
           9.4.4 REST OF APAC
    9.5 REST OF THE WORLD
        TABLE 86 MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
        TABLE 87 MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
        TABLE 88 MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 89 MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
           9.5.1 MIDDLE EAST & AFRICA
                    9.5.1.1 Government initiatives to encourage market
           9.5.2 SOUTH AMERICA
                    9.5.2.1 Development in automotive industry to fuel growth of market

10 COMPETITIVE LANDSCAPE (Page No. - 108)
     10.1 INTRODUCTION
     10.2 TOP 5 COMPANIES REVENUE ANALYSIS
          FIGURE 36 WIRELESS CHARGING MARKET: REVENUE ANALYSIS (2020)
     10.3 MARKET SHARE ANALYSIS, 2020
          FIGURE 37 MARKET SHARE OF TOP 5 PLAYERS IN CHARGING MARKET, 2020
     10.4 COMPANY EVALUATION QUADRANT, 2020
             10.4.1 STAR
             10.4.2 EMERGING
             10.4.3 PERVASIVE
             10.4.4 PARTICIPANT
                    FIGURE 38 MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020
     10.5 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2020
             10.5.1 PROGRESSIVE COMPANIES
             10.5.2 RESPONSIVE COMPANIES
             10.5.3 DYNAMIC COMPANIES
             10.5.4 STARTING BLOCKS
                    FIGURE 39 START-UP: MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020
     10.6 MARKET: PRODUCT FOOTPRINT
          TABLE 90 PRODUCT FOOTPRINT OF COMPANIES
          TABLE 91 APPLICATION FOOTPRINT OF COMPANIES
          TABLE 92 REGIONAL FOOTPRINT OF COMPANIES
     10.7 COMPETITIVE SITUATION & TRENDS
          TABLE 93 MARKET: PRODUCT LAUNCHES
          TABLE 94 CHARGING MARKET: DEALS

11 COMPANY PROFILES (Page No. - 120)
     11.1 KEY PLAYERS: MANUFACTURERS
(Business Overview, Products Offered, Recent Developments, and MnM View)*
             11.1.1 ENERGIZER
                    FIGURE 40 ENERGIZER: COMPANY SNAPSHOT
             11.1.2 SAMSUNG
                    FIGURE 41 SAMSUNG: COMPANY SNAPSHOT
             11.1.3 EVATRAN GROUP
                    TABLE 95 EVATRAN: BUSINESS OVERVIEW
             11.1.4 OSSIA
                    TABLE 96 OSSIA INC.: BUSINESS OVERVIEW
             11.1.5 LEGGETT & PLATT
                    FIGURE 42 LEGGETT & PLATT: COMPANY SNAPSHOT
             11.1.6 POWERMAT
                    TABLE 97 POWERMAT: BUSINESS OVERVIEW
     11.2 KEY PLAYERS: TECHNOLOGY PROVIDERS
             11.2.1 QUALCOMM
                    FIGURE 43 QUALCOMM: COMPANY SNAPSHOT
             11.2.2 INFINEON TECHNOLOGIES
                    FIGURE 44 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT
             11.2.3 MURATA MANUFACTURING
                    FIGURE 45 MURATA MANUFACTURING: COMPANY SNAPSHOT
             11.2.4 WITRICITY
                    TABLE 98 WITRICITY: BUSINESS OVERVIEW
             11.2.5 CONVENIENTPOWER
                    TABLE 99 CONVENIENTPOWER: BUSINESS OVERVIEW
             11.2.6 RENESAS ELECTRONICS
                    FIGURE 46 RENESAS ELECTRONICS: COMPANY SNAPSHOT
             11.2.7 SEMTECH
                    FIGURE 47 SEMTECH: COMPANY SNAPSHOT
             11.2.8 TEXAS INSTRUMENTS INCORPORATED
                    FIGURE 48 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     11.3 OTHER PROMINENT PLAYERS
             11.3.1 CHARGIFI LTD.
             11.3.2 WIBOTIC
             11.3.3 WIFERION GMBH
             11.3.4 MOMENTUM WIRELESS POWER
             11.3.5 POWERCAST
             11.3.6 POWERSPHYR
             11.3.7 ENERGOUS
             11.3.8 SONIC ENERGY
             11.3.9 NUCURRENT
             11.3.10 ZENS
             11.3.11 ELIX WIRELESS
             11.3.12 WI-CHARGE

12 ADJACENT & RELATED MARKETS (Page No. - 152)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 LITHIUM-ION BATTERY, BY TYPE
          TABLE 100 LITHIUM-ION BATTERY MARKET BY TYPE, 2017–2025 (USD MILLION)
     12.4 LITHIUM NICKEL MANGANESE COBALT OXIDE (LI-NMC)
             12.4.1 HIGH ENERGY DENSITY BOOSTS THE DEMAND FOR NMC BATTERIES
                    TABLE 101 LITHIUM-ION BATTERY MARKET FOR LI-NMC BY INDUSTRY, 2017–2025 (USD MILLION)
                    TABLE 102 LITHIUM-ION BATTERY MARKET FOR LI-NMC, BY REGION, 2017–2025 (USD MILLION)
     12.5 LITHIUM IRON PHOSPHATE (LFP)
             12.5.1 HIGH POWER DENSITY AND STABILITY BOOSTS THE ADOPTION OF LFP BATTERIES
                    TABLE 103 LITHIUM-ION BATTERY MARKET FOR LFP, BY INDUSTRY, 2017–2025 (USD MILLION)
                    TABLE 104 LITHIUM-ION BATTERY MARKET FOR LFP, BY REGION, 2017–2025 (USD MILLION)
     12.6 LITHIUM COBALT OXIDE (LCO)
             12.6.1 HIGH ENERGY DENSITY INCREASES THE DEMAND FOR LCO BATTERIES
                    TABLE 105 LITHIUM-ION BATTERY MARKET FOR LCO, BY INDUSTRY, 2017–2025 (USD MILLION)
                    TABLE 106 LITHIUM-ION BATTERY MARKET FOR LCO, BY REGION, 2017–2025 (USD MILLION)
     12.7 LITHIUM TITANATE OXIDE (LTO)
             12.7.1 HIGH STABILITY, ENERGY AND POWER DENSITY EXPECTED TO CREATE DEMAND FOR LTO BATTERIES
                    TABLE 107 LITHIUM-ION BATTERY MARKET FOR LTO, BY INDUSTRY, 2017–2025 (USD MILLION)
                    TABLE 108 LITHIUM-ION BATTERY MARKET FOR LTO, BY REGION, 2017–2025 (USD MILLION)
     12.8 LITHIUM MANGANESE OXIDE (LMO)
             12.8.1 COST FACTOR BOOSTS THE GROWTH OF LMO BATTERIES
                    TABLE 109 LITHIUM-ION BATTERY MARKET FOR LMO, BY INDUSTRY, 2017–2025 (USD MILLION)
                    TABLE 110 LITHIUM-ION BATTERY MARKET FOR LMO, BY REGION, 2017–2025 (USD MILLION)
     12.9 LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA)
             12.9.1 HIGH ENERGY DENSITY OF NCA BATTERIES INCREASES DEMAND IN AUTOMOTIVE INDUSTRY
                    TABLE 111 LITHIUM-ION BATTERY MARKET FOR NCA, BY INDUSTRY, 2017–2025 (USD MILLION)
                    TABLE 112 LITHIUM-ION BATTERY MARKET FOR NCA, BY REGION, 2017–2025 (USD MILLION)

13 APPENDIX (Page No. - 161)
     13.1 DISCUSSION GUIDE—WIRELESS CHARGING MARKET
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involves four major activities for estimating the size of the wireless charging market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the wireless charging market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market. The impact and implication of COVID-19 on manufacturing industries and solutions have also been discussed in this section. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, business development executives, OEMs, component manufacturers, and solution providers, and related executives from various key companies and organizations operating in the wireless charging ecosystem.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. The secondary sources used for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. The secondary data have been sourced from associations such as  International Electrotechnical Commission, International Organization for Standardization, Occupational Safety and Health Administration, American National Standards Institute, Wireless Power Consortium, and Airfuel Organization, among others.

Primary Research

In the primary research process, primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information, as well as assess prospects. Key players such as such as Energizer Holdings, Inc. (US), Evatran Group (US), Energous Corporation (US), Leggett & Platt (US), Powermat (Israel), Momentum Wireless Power (US), Ossia Inc. (US), Powercast Corp. (US), Samsung Group (South Korea), Elix Wireless (Canada), WiTricity Corporation (US), and Zens (Netherlands) in the wireless charging market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as chief executive officers (CEOs), directors, and marketing personnel.

Wireless Charging Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the wireless charging market and other dependent submarkets listed in this report.

  • Identifying different applications currently provided or expected to be offered by the wireless charging technology providers and device manufacturers
  • Analyzing the market penetration of each application through secondary and primary research for both pre- and post-COVID-19 scenarios
  • Identifying the ratio for various wireless charging types demanded by end-user industries, and the anticipated change in the demand in the post-COVID-19 scenario
  • Conducting multiple discussion sessions with key opinion leaders to understand various technology types of wireless charging and applications, which would help in analyzing the break-up of the scope of work carried out by each major company; the discussion also includes the impact of COVID-19 on the market ecosystem
  • Estimating the size of the wireless charging market based on the demand-side scenario
  • Tracking ongoing and upcoming product launches by companies, and forecasting market based on these developments and other critical parameters
  • Conducting multiple discussions with key opinion leaders to understand the demand for wireless charging devices, and analyzing the break-up of the scope of work carried out by each major company
  • Arriving at market estimates by analyzing revenues generated by manufacturers and technology providers, based on their location (countries), and then combining country-based data to get a market estimate based on region
  • Verifying and crosschecking estimates at every level through discussions with key opinion leaders, including CEOs, directors, operation managers, and then finally with domain experts at MarketsandMarkets

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives:

  • To define and describe the overall wireless charging market on the basis of implementation, technology, application, and geography
  • To forecast the overall wireless charging market till 2026
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall wireless charging market
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the wireless charging market
  • To analyze the opportunities in the wireless charging market and provide details of the competitive landscape for market leaders
  • To strategically profile the key players in the wireless charging market and comprehensively analyze their market presence and core competencies2
  • To analyze competitive developments, such as joint ventures, mergers & acquisitions, and new product launches, along with research and development (R&D) in the wireless charging market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific need. The following customization options are available for the report.

Company information

  • Detailed analysis and profiling of additional market players (up to 5)
  • Market share analysis of top 5 suppliers
Report Code
SE 2963
Published ON
Jan, 2021
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