What is Wireless Charging?
Wireless charging is referred as an ability to transmit electricity through the air by creating a magnetic field between two circuits, a transmitter and a receiver. The wireless charging is applicable everywhere from smartphones and laptops to kitchen appliances and cars. Because of the increased mobility and advances wireless charging is expanding its market in healthcare, automotive and manufacturing industries. The market of the wireless charging is rising due to the growing consumer expectation towards the technological advancement in every field. Also the consumer are ready to pay extra amount for the technologically advancement component
The market study is broken down by Type (Inductive Technology, RF Technology, Resonant Technology and Others), by Application (Electric vehicles, Mobile Phone, Laptops, Watch and Other) and major geographies with country level break-up. According to AMA, the Global Wireless Charging market is expected to see growth rate of 38.9% and may see market size of USD71.0 Billion by 2026.
Qualcomm company is fuelling its market of wireless charging by investing heavily in wireless charging technology Analysts at AMA Research estimates that Players from United States and Japanese will contribute to the maximum growth of Global Wireless Charging market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Qualcomm Incorporated (United States), Samsung (South Korea), Texas Instruments Incorporated (United States), Sony Corporation (Japan), Ergo(aircharge) (United Kingdom), Bezalel (United States), Fone (United Kingdom), NXP Semiconductors (Netherlands), IOttie (United States), Humavox (Israel), Semtech (United States), Integrated Device Technology, Inc. (United States), Lenmar (United States), Gill Electronics (United States), Energizer Holdings, Inc (United States), Convenient Power HK Limited (China), WiTricity Corporation (United States) and Leggett & Platt (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Murata Manufacturing Co. Ltd (Japan), Powermat Technologies (Israel), PowerbyProxi Ltd (New Zealand) and Fulton Innovation LLC. (United States).
AdvanceMarketAnalytics has segmented the market of Global Wireless Charging market by Type, Application and Region. On the basis of Type, Inductive Technology are dominating the market in the year 2020
On the basis of geography, the market of Wireless Charging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). United States region held largest market share in the year 2020. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Consumer Electronics will boost the Wireless Charging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
Fulton innovation partners with electri-cable assemblies to announce wireless power integration in new power base and Integrated Device Technology will be acquired by Renesas company to enhance global leadership in embedded solutions
Fulton Innovation makes a wireless power breakthrough with adaptive resonance for simultaneous charging and super spatial freedom and Nordic Semiconductor company that specializes in the ultra-low power performance wireless system has announced Bluetooth smart solution for Rezence wireless charging which is using the principles of magnetic resonance
- Wireless charging for electric or plug-in hybrid vehicle
- High demand for the smartphones
- New applications related to wireless charging are coming in the picture every day
- Massive innovation in wireless technology
- Consumers are paying lump some amount for a product that exactly serves the purpose
- Development of portable electronics and wearables market
- Increase in popularity of the IoT market is expecting to fuel up the market
- excessive research in far field wireless charging technologies and trending Internet of Things are expected to offer lucrative opportunities in the near future
- Shortage of the range can be the barrier in charging
- Slower charging compared with other charging technologies
- Expensive technology for its integration
Key Target AudienceManufacturer, Sub component manufacturer, Channel partners, Industry association, Downstream vendors, Government and investment communities and Research organisation and associations
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Qualcomm Incorporated (United States), Samsung (South Korea), Texas Instruments Incorporated (United States), Sony Corporation (Japan), Ergo(aircharge) (United Kingdom), Bezalel (United States), Fone (United Kingdom), NXP Semiconductors (Netherlands), IOttie (United States), Humavox (Israel), Semtech (United States), Integrated Device Technology, Inc. (United States), Lenmar (United States), Gill Electronics (United States), Energizer Holdings, Inc (United States), Convenient Power HK Limited (China), WiTricity Corporation (United States) and Leggett & Platt (United States) etc.
2. Can we have customized study for Wireless Charging Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Wireless Charging Market by 2026?
Analysts at AMA estimates Wireless Charging Market to reach USD71.0 Billion by 2026.