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Wireless Charging Market Statistics 2020 | Industry Growth, Share & Regional Forecast To 2026

Author : Ronak Bora | Published Date : 2020-09-16 

Wireless charging market growth is stimulated by driven by positive application outlook in automotive, consumer, industrial, aerospace & defense, and healthcare sectors.

Increasing adoption of electrical vehicles and high-end smartphones are the major impact rendering factors for wireless charging industry growth. The integration of wireless charging into vehicles has the potential to revolutionize the automotive landscape.

Wireless charging market is estimated to record momentous gains over the forthcoming timeframe. Wireless charging could be easily used at home or in industry as well as in workplace. It reduces the wires that works with the help of electricity or those which generally have physical electrical wires.

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With technological advancements, smartphones can now be charged with wireless technology. The demand for wireless charging is increasing since it saves the time and money, which is increasing the value and production of wireless chargers in the industry landscape.

Wireless charges function with the help of electromagnetic power connecting the bond between the device and the charger. The wireless charger is used between two objects through electromagnetic field.

Wireless Charging Market size will be around USD 30 billion by 2026. Increasing popularity of Electrical Vehicles (EVs) and growing demand for high-end smartphones are driving the wireless charging market growth.

Some major findings of the wireless charging market report are:

  • Major deployments of wireless charging modules for aircraft cabins are being witnessed. Aerospace technology providers have developed innovative charging systems that offer consumer comfort, safe, and fast recharging of electronic devices.
  • Industrial wireless charging is anticipated to be high in demand in several countries of Asia, such as China, South Korea, and India, that are hubs of manufacturing in industrial settings, as they can reduce the risk of explosions caused by stray sparks
  • In April 2018, Astronics Advanced Electronic Systems announced development of the Wireless Charging Module (WCM) specifically optimized for aircraft, facilitating the charging of personal electronic devices such as smartphones and laptops
  • Major market players include WiTricity Corporation, Texas Instruments, Inc., Qualcomm Incorporated, Powermat Technologies, Powercast Corporation, Murata Manufacturing Co. Ltd., Mojo Mobility, Inc., MediaTek, Inc., and Leggett & Platt, Inc.

The RF-based wireless charging technology is projected to gain prominence as it helps in eliminating the need for proper alignment in small devices such as medical implants and wearables. These charging technologies can be differentiated into far-field and near-field wireless charging and are increasing in demand. For instance, Humavox has developed near-field RF charging systems that allow any 3D volume to be converted into a charging station, which includes things such as cup holders, drawers, etc.

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From a regional frame of reference, it is observed that supportive government initiatives for making improvisations in the European healthcare sector are aiding the market development in Europe.

The Latin America wireless charging market is witnessing an impressive growth owing to increasing automotive production across Mexico and Brazil

Table of Contents (ToC) of the report:

Chapter 3.    Wireless Charging Market Insights

3.1.    Industry segmentation

3.2.    Industry landscape, 2016 – 2026

3.3.    Industry ecosystem analysis

3.3.1. Supply channel analysis

3.4.    Technology landscape

3.4.1. Wireless charging standard

3.4.1.1.    Qi

3.4.1.2.    Power Matters Alliance (PMA)

3.5.    Regulatory landscape

3.6.    Industry impact forces

3.6.1. Growth drivers

3.6.1.1.    Technological innovations in the U.S.

3.6.1.2.    Increase in global sales of wearable devices

3.6.1.3.    High degree of convenience across Europe

3.6.1.4.    Growing demand for Electric Vehicles (EV) in Europe and North America

3.6.1.5.    Increasing need for wireless charging in advanced medical therapies

3.6.1.6.    Growing demand of smartphones in India and South East Asia

3.6.1.7.    Rising penetration in commercial and industrial environments in Asia Pacific

3.6.2. Industry pitfalls & challenges

3.6.2.1.    Need for standardization

3.6.2.2.    Mobility issues and longer charging times

3.7.    Growth potential analysis

3.8.    Porter's analysis

3.8.1. Supplier power

3.8.2. Buyer power

3.8.3. Threat of new entrants

3.8.4. Threat of substitutes

3.8.5. Internal rivalry

3.9.    Competitive landscape, 2019

3.9.1. Strategy dashboard

3.10.    PESTEL analysis

Chapter 4.    Wireless Charging Market, By Technology

4.1.    Key trends by technology

4.2.    Inductive

4.2.1. Market estimates and forecast, 2016 – 2026

4.3.    Resonant

4.3.1. Market estimates and forecast, 2016 – 2026

4.4.    RF

4.4.1. Market estimates and forecast, 2016 – 2026

4.5.    Others

4.5.1. Market estimates and forecast, 2016 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/wireless-charging-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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