Wireless Charging Market by Implementation (Transmitters, Receivers), Technology (Magnetic Resonance, Inductive, Radio Frequency), Application (Consumer Electronics, Healthcare, Automotive), and Region - 2026
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.
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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
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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.
Wireless Charging Market Key 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.
Wireless Charging Market Report Scope
|
Report Attributes |
Details |
|
Market Size Value in 2021 |
USD 4.5 Billion |
| Revenue Forecast in 2026 | USD 13.4 Billion |
| Growth Rate | 24.6% |
| Base Year Considered | 2020 |
| Historical Data Available for Years | 2017–2026 |
|
Forecast Period |
2021–2026 |
|
Segments Covered |
|
|
Region Covered |
|
| Market Leaders |
|
| Top Companies in North America |
|
| Key Market Driver | Simulteanous charging of multiple devices |
| Key Market Opportunity | Use of wireless technology to charge warehouse trucks |
| Largest Growing Region | Asia Pacific |
| Largest Market Share Segment | Magnetic Resonance technology Segment |
| Highest CAGR Segment | Transmitters Segment |
| Largest Application Market Share | Consumer Electronics Application |
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:
Which are the current size of the wireless charging market?
The wireless charging market is estimated to be USD 4.5 billion in 2021 and projected to reach USD 13.4 billion by 2026.
Who are the winners in the global wireless charging market?
Companies such as Energizer Holdings, Ossia, Samsung Group, WiTricity, ans Evatran, fall under the winners category. These companies cater to the requirements of their customers by providing customized wireless charging products. Moreover, these companies have multiple supply contracts with global OEMs and have effective supply chain strategies. Such advantages give these companies an edge over other companies that are component providers.
What is the COVID-19 impact on wireless charging market?
Due to COVID-19, lockdowns are being observed across countries; this has resulted in the halting of most economic activities, leading to a worldwide economic depression. However, with many region- and country-level economic packages infusing money into the market to help the economy come out of the COVID-19-induced recession, recovery is expected between 2021 and 2022. The market for wireless charging across regions has witnessed a decline in growth in 2020. The wireless charging market revenue for 2020 is lower than that for 2019 because most manufacturing industries are closed due to lockdowns across countries, and the demand for non-essential items has also decreased.
What are some of the technological advancements in wireless charging market?
Internet of Things (IoT) and Industry 4.0 are some of the technology for wireless charging market. Wireless charging is an essential element to power IoT devices. The radio frequency (RF) charging method is used to wirelessly transfer power to devices. Ossia Inc. is developing a wireless charging device that works over a distance of several feet. Moreover, development of Industry 4.0 is expected to boost the adoption of wireless charging in various end user industries. Automatic wireless charging technology is used for mobile robots, drones, and cordless tools and instruments, eliminating the complex docking mechanism process, and labor-intensive manual recharging and battery replacement .
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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.
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
Growth opportunities and latent adjacency in Wireless Charging Market
Part of a marketing project, where we are pitching a new wireless charging device and we want to have data to build our proposal
Part of a marketing project, where we are pitching a new wireless charging device and we want to have data to build our proposal
Hello, I work on the wireless charging technology and I would to know the repartition market of each techno BR Jeremy
Working on a project on wireless EV charging network and its present status
We are in the consumer electronics industry, we would like to know the market share for the phone wireless chargers and would like to know the market share for the kitchen applicants. Thank you so much.
:: We are working on a research project on electric engines for agricultural machinery. So the charging of batteries far from farms or roads or in-field is of interest for our research aims.
I am implementing wireless charging in a wearable device application, and I seek to understand what the leading technologies are currently in the market. I would like to also understand what technology is expected to longer prevail in the wireless charging game. This will help me make a decision on what direction I will go with my project.