Wireless Charging Market - Global Industry Analysis

Market Overview

The Global Wireless Charging Market accounted for more than USD 5.79 Billion in 2020 and is expected to reach more than USD 25.47 Billion by 2028, growing at a CAGR of more than 21.9% from 2021 to 2028.

Wireless Charging is a method of charging electronic or battery-powered devices or equipment without connected it physically with cables. It works on the concept of power transfer through inductive effect or through magnetic resonance, which enables transfer of electric current between objects by use of coils to induce electromagnetic field. Wireless Charging has a number of benefits such as ease of handling and mobility, flexibility, offers safe, easy and reliable way to charge devices and provides protection from electric shocks and these factors are responsible to contribute to the growth of market.

COVID-19 Impact Analysis

The Covid-19 pandemic has been responsible to affect almost all the sectors across the globe. The electric vehicles chargers are one of the drivers driving the Wireless Charging Market but during the pandemic the major manufacturers of EV chargers were at a halt in their operations which has hindered the market growth. There has been a delay in the supply of raw material and to supply of the final products. However, with the upliftment of the restrictions the market is expected to grow and regain its position after the Covid-19, as government has implemented regulation to maintain safe environment in production and manufacturing industries. 

Growth Factors

Rising demand for smartphones and wireless computing devices are one of the major factors driving the market growth. Wireless computing devices includes smart devices such as PC’s, smartphones, gaming consoles, portables, e-readers, tablets and other devices. Rising demand for smartphones and an increasing consumer spending capacity have given a boost to the market. Moreover, the increasing demand for electric vehicles is additionally supporting the growth of the market and is expected to increase the demand for wireless charging.

The increasing demand for electric vehicles is propelling the market growth as with pollution being prime cause for various air pollution diseases has been driving the market growth since the demand for electric vehicles has seen a surge. Furthermore, the benefits offered by wireless charging such as ease of handling and mobility, flexibility, offers safe, easy and reliable way to charge devices and provides protection from electric shocks is expected to increase the market growth in the forecast period.

Report Scope :

Technology Segment Analysis Preview

Radio Frequency segment held a share of more than 36.32% in 2020. The segment of radio frequency is expected to witness rapid growth and is escalating at a margin to capture the market over the forecast period. The technology being used in the radio frequency is the utilization of radio waves to transmit energy from a wireless charger to a receiver device which is converted into electricity and charge the device. However, the resonant technology is its capability to charge multiple devices simultaneously.

Application Segment Analysis Preview

Consumer Electronics segment will grow at a CAGR of more than 16.23% from 2021 to 2028. This is attributable to rapidly increasing manufacturing of consumer electronics demand. Wireless charger producers have prime target on maximum consumer electronic devices such as laptops, smartphones which needs frequent charging and this is expected to drive the market growth in the forecast period. Consumer electronics segment has seen a precedent growth with the rising demand of customers, increased spending power on electronic devices and surge in the technological advancements in electronic devices.   

Regional Analysis Preview

The Asia Pacific region held a share of more than 18.67% in 2020. This is attributable to the rise in demand of consumers electronics, electric vehicles and wearables with the increased spending ability of customers and customers preference to spend on goods that provide them with high quality and high durability. The region is being supplemented with customer getting more inclined towards the spending on quality consumer electronic products designed for the segment. Moreover, there is an adoption of powering mats and charging hotspots at major food chains which is enabling to have a positive impact on the demand in the market. The region is expected to growth in the near future with the significant rise in demand for smart devices such as tablets, mobiles, smart watches and others.

The North American region is projected to grow at a CAGR of more than 19.62% over the forecast period. The region along with Europe is predicted to show significant revenue share in the market across the globe. The surge in the use of electric vehicles so as to minimize the emissions from vehicles is attributable to the growth of market in this region. European region at the forefront is also expected to show steady growth in the Global Wireless Charging Market in the forecast period.

Key Market Players & Competitive Landscape

Some of key players in Wireless Charging market are WiTricity Corporation, Convenient Power HK Ltd., Integrated Device Technology, Inc., Texas Instruments Inc., Oregon Scientific, Energizer Holdings Inc., Duracell Powermat, Qualcomm and Murata Manufacturing Co. Ltd.

The Global Wireless Charging Market is segmented as follows:

By Implementation

• Transmitters
• Receivers

By Technology

• Resonant
• Inductive
• Radio Frequency
• Others

By Application

• Consumer Electronics
• Healthcare
• Automotive
• Industrial
• Defense
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter No. 1: Introduction
  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. USP & Key Offerings
  • 1.2. Key Benefits for Stakehulders
  • 1.3. Target Audience
  • 1.4. Report Scope
• Chapter No. 2: Executive Summary
  • 2.1. Key Findings
    • 2.1.1. Top Investment Pockets
      • 2.1.1.1. Market Attractiveness Analysis, By Implementation
      • 2.1.1.2. Market Attractiveness Analysis, By Technulogy
      • 2.1.1.3. Market Attractiveness Analysis, By Application
      • 2.1.1.4. Market Attractiveness Analysis, By Region
  • 2.2. Market Snapshot
  • 2.3. Global Wireless Charging Market, 2016 – 2028 (USD Million)
  • 2.4. Insights from Primary Respondents
• Chapter No. 3: COVID 19 Impact Analysis
  • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. Middle East and Africa
  • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
  • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
  • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
  • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
    • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
  • 3.6. Short Term Dynamics
  • 3.7. Long Term Dynamics
• Chapter No. 4: Wireless Charging Market – By Implementation Segment Analysis
  • 4.1. Overview
    • 4.1.1. Market Revenue Share, By Implementation, 2020 & 2028
  • 4.2. Transmitters
    • 4.2.1. Market Size and Forecast, By Region (USD Million)
    • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.3. Receivers
    • 4.3.1. Market Size and Forecast, By Region (USD Million)
    • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5: Wireless Charging Market – By Technulogy Segment Analysis
  • 5.1. Overview
    • 5.1.1. Market Revenue Share, By Technulogy, 2020 & 2028
  • 5.2. Resonant
    • 5.2.1. Market Size and Forecast, By Region (USD Million)
    • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.3. Inductive
    • 5.3.1. Market Size and Forecast, By Region (USD Million)
    • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.4. Radio Frequency
    • 5.4.1. Market Size and Forecast, By Region (USD Million)
    • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.5. Others
    • 5.5.1. Market Size and Forecast, By Region (USD Million)
    • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 6: Wireless Charging Market – By Application Segment Analysis
  • 6.1. Overview
    • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
  • 6.2. Consumer Electronics
    • 6.2.1. Market Size and Forecast, By Region (USD Million)
    • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.3. Healthcare
    • 6.3.1. Market Size and Forecast, By Region (USD Million)
    • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.4. Automotive
    • 6.4.1. Market Size and Forecast, By Region (USD Million)
    • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.5. Industrial
    • 6.5.1. Market Size and Forecast, By Region (USD Million)
    • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.6. Defense
    • 6.6.1. Market Size and Forecast, By Region (USD Million)
    • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.7. Others
    • 6.7.1. Market Size and Forecast, By Region (USD Million)
    • 6.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.7.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 7: Wireless Charging Market – Regional Analysis
  • 7.1. Overview
    • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
    • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
  • 7.2. North America
    • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.2.2. North America Market Revenue, By Implementation, 2016 – 2028
    • 7.2.3. North America Market Revenue, By Technulogy, 2016 – 2028
    • 7.2.4. North America Market Revenue, By Application, 2016 – 2028
  • 7.3. Europe
    • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.3.2. Europe Market Revenue, By Implementation, 2016 – 2028
    • 7.3.3. Europe Market Revenue, By Technulogy, 2016 – 2028
    • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.4.2. Asia Pacific Market Revenue, By Implementation, 2016 – 2028
    • 7.4.3. Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
    • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
  • 7.5. Latin America
    • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.5.2. Latin America Market Revenue, By Implementation, 2016 – 2028
    • 7.5.3. Latin America Market Revenue, By Technulogy, 2016 – 2028
    • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
  • 7.6. Middle East and Africa
    • 7.6.1. Middle East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.6.2. Middle East and Africa Market Revenue, By Implementation, 2016 – 2028
    • 7.6.3. Middle East and Africa Market Revenue, By Technulogy, 2016 – 2028
    • 7.6.4. Middle East and Africa Market Revenue, By Application, 2016 – 2028
• Chapter No. 8: Wireless Charging Market – Industry Analysis
  • 8.1. Introduction
  • 8.2. Market Drivers
    • 8.2.1. Driving Factor 1 Analysis
    • 8.2.2. Driving Factor 2 Analysis
  • 8.3. Market Restraints
    • 8.3.1. Restraining Factor Analysis
  • 8.4. Market Opportunities
    • 8.4.1. Market Opportunity Analysis
  • 8.5. Porter’s Five Forces Analysis
  • 8.6. PEST Analysis
  • 8.7. Regulatory Landscape
  • 8.8. Technulogy Landscape
  • 8.9. Regional Market Trends
    • 8.9.1. North America
    • 8.9.2. Europe
    • 8.9.3. Asia Pacific
    • 8.9.4. Latin America
    • 8.9.5. Middle East and Africa
  • 8.10. Pricing Analysis
  • 8.11. Value Chain Analysis
  • 8.12. Downstream Buyers
  • 8.13. Distributors/Traders List
• Chapter No. 9: Competitive Landscape
  • 9.1. Company Market Share Analysis – 2019
    • 9.1.1. Global Wireless Charging Market: Company Market Share, 2019
    • 9.1.2. Global Wireless Charging Market, Company Market Revenue, 2016 – 2019 (USD Million)
    • 9.1.3. Global Wireless Charging Market, Company Y-o-Y Growth, 2017 – 2019 (%)
    • 9.1.4. Global Wireless Charging Market: Radar Determinant Chart, 2019
  • 9.2. Strategic Developments
    • 9.2.1. Acquisitions & Mergers
    • 9.2.2. New Product Launch
    • 9.2.3. Regional Expansion
  • 9.3. Company Strategic Developments – Heat Map Analysis
• Chapter No. 10: Company Profiles
  • 10.1. WiTricity Corporation
    • 10.1.1. Company Overview
    • 10.1.2. Key Executives
    • 10.1.3. Product Portfulio
    • 10.1.4. Financial Overview
    • 10.1.5. Operating Business Segments
    • 10.1.6. Business Performance
    • 10.1.7. Recent Developments
  • 10.2. Convenient Power HK Ltd.
  • 10.3. Integrated Device Technulogy, Inc.
  • 10.4. Texas Instruments Inc.
  • 10.5. Oregon Scientific
  • 10.6. Energizer Huldings Inc.
  • 10.7. Duracell Powermat
  • 10.8. Qualcomm
  • 10.9. Murata Manufacturing Co. Ltd.
• Chapter No. 11: Marketing Strategy Analysis
  • 11.1. Marketing Channel
  • 11.2. Direct Marketing
  • 11.3. Indirect Marketing
  • 11.4. Marketing Channel Development Trends
  • 11.5. Economic/Pulitical Environmental Change
• Chapter No. 12: Research Methodulogy
  • 12.1. Research Methodulogy
  • 12.2. Phase I - Secondary Research
  • 12.3. Phase II - Data Modeling
    • 12.3.1. Company Share Analysis Model
    • 12.3.2. Revenue Based Modeling
  • 12.4. Phase III - Primary Research
  • 12.5. Research Limitations
    • 12.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Component
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By End Use Industry
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Wireless Charging Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North American Countries
FIG NO. 7. Market Revenue Share, By Component, 2020 & 2028
FIG NO. 8. Global Wireless Charging Market for Software, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Wireless Charging Market for Software, By Country, 2020 & 2028
FIG NO. 10. Global Wireless Charging Market for Service, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Wireless Charging Market for Service, By Country, 2020 & 2028
FIG NO. 12. Global Wireless Charging Market Revenue Share, By Application, 2020 & 2028
FIG NO. 13. Global Wireless Charging Market for Marketing, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Wireless Charging Market for Marketing, By Country, 2020 & 2028
FIG NO. 15. Global Wireless Charging Market for Operations, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Wireless Charging Market for Operations, By Country, 2020 & 2028
FIG NO. 17. Global Wireless Charging Market for Finance, Revenue (USD Million) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Wireless Charging Market for Finance, By Country, 2020 & 2028
FIG NO. 19. Global Wireless Charging Market for Human Resource, Revenue (USD Million) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Wireless Charging Market for Human Resource, By Country, 2020 & 2028
FIG NO. 21. Global Wireless Charging Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Wireless Charging Market for Others, By Country, 2020 & 2028
FIG NO. 23. Global Wireless Charging Market Revenue Share, By End Use Industry, 2020 & 2028
FIG NO. 24. Global Wireless Charging Market for Manufacturing, Revenue (USD Million) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Wireless Charging Market for Manufacturing, By Country, 2020 & 2028
FIG NO. 26. Global Wireless Charging Market for Hospitality, Revenue (USD Million) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Wireless Charging Market for Hospitality, By Country, 2020 & 2028
FIG NO. 28. Global Wireless Charging Market for BFSI, Revenue (USD Million) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Wireless Charging Market for BFSI, By Country, 2020 & 2028
FIG NO. 30. Global Wireless Charging Market for Retail, Revenue (USD Million) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Wireless Charging Market for Retail, By Country, 2020 & 2028
FIG NO. 32. Global Wireless Charging Market for IT & Telecom, Revenue (USD Million) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Wireless Charging Market for IT & Telecom, By Country, 2020 & 2028
FIG NO. 34. Global Wireless Charging Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Wireless Charging Market for Others, By Country, 2020 & 2028
FIG NO. 36. Global Wireless Charging Market Revenue Share, By Region, 2020 & 2028
FIG NO. 37. North America Wireless Charging Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 38. Porter’s Five Forces Analysis for Global Wireless Charging Market
FIG NO. 39. PEST Analysis for Global Wireless Charging Market
FIG NO. 40. Pricing Analysis for Global Wireless Charging Market
FIG NO. 41. Value Chain Analysis for Global Wireless Charging Market
FIG NO. 42. Company Share Analysis, 2019
FIG NO. 43. Radar Determinant Chart, 2019
FIG NO. 44. Company Strategic Developments – Heat Map Analysis
FIG NO. 45. Oracle Corporation Business Segment Revenue Share, 2020 (%)
FIG NO. 46. Oracle Corporation Geographical Segment Revenue Share, 2020 (%)
FIG NO. 47. Market Channels
FIG NO. 48. Marketing Channel Development Trend
FIG NO. 49. Growth in World Gross Product, 2008-2018
FIG NO. 50. Research Methodology – Detailed View
FIG NO. 51. Research Methodology
  

List of Tables

TABLE NO. 1. Global Wireless Charging Market: Snapshot
TABLE NO. 2. Quarterly Wireless Charging Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Wireless Charging Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Wireless Charging Market for Transmitters, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Wireless Charging Market for Receivers, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Wireless Charging Market for Resonant, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Wireless Charging Market for Inductive, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Wireless Charging Market for  Radio Frequency, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Wireless Charging Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Wireless Charging Market for Consumer Electronics, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Wireless Charging Market for Healthcare, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Wireless Charging Market for Automotive, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Wireless Charging Market for Industrial, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Wireless Charging Market for Defense, by Region, 2016 – 2028 (USD Million)
TABLE NO. 17. Global Wireless Charging Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 18. Global Wireless Charging Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 19. North America Wireless Charging Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 20. North America Wireless Charging Market Revenue, By Implementation, 2016 – 2028 (USD Million)
TABLE NO. 21. North America Wireless Charging Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 22. North America Wireless Charging Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 23. Drivers for the Wireless Charging Market: Impact Analysis
TABLE NO. 24. Restraints for the Wireless Charging Market: Impact Analysis
TABLE NO. 25. Major Buyers of Wireless Charging
TABLE NO. 26. Distributors/Traders List of Wireless Charging
TABLE NO. 27. Global Wireless Charging Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 28. Global Wireless Charging Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)