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Global Wireless Charging Market 2016-2020

Market outlook of the global wireless charging market

Technavio’s market research analyst predicts the global wireless charging market to grow at an impressive CAGR of more than 33% by 2020. The augmented adoption of wireless computing devices like tablets and smartphones will necessitate the need for wireless charging devices as they help in charging devices wherever and whenever required; thus, eliminating the need for charging cables.

The integration of wireless charging for smartphones in automobiles will drive market growth during the forecast period. With the integration of wireless charging pads in automobiles, the consumer no longer needs to keep a charger in the car or worry about plugging their device into the vehicle. Since this technology is estimated to become prevalent across all vehicle segments during the forecast period, their augmented incorporation in all variants of automobiles will lead to market growth.

Application-based segmentation of the wireless charging market

  • Consumer electronics
  • Electric vehicles
In this market study, Technavio analysts have estimated the consumer electronics segment to be the largest market segment during the estimated period. Much of this segment’s growth can be attributed to the proliferation of devices like smartphones, tablets, portable PCs, and wearable electronics, which require frequent charging for optimal performance.

Geographical segmentation of the wireless charging market
  • Americas
  • APAC
  • EMEA
Technavio’s market research analysts have estimated the Americas to account for more than 36% of the total market share by 2020. The growing awareness of wireless power technology among consumers and the increase in adoption of wireless charging for industrial applications are the two critical factors that propel market growth in this region during the estimated period.

Competitive landscape and key vendors

This market is highly competitive and is characterized by the presence of large players and start-ups like Ubeam. Since the global wireless charging market is still in its development stage, the vendors in this market try to gain prominence by offering high-quality, affordable products to consumers. To survive and succeed in this market, the vendors have to distinguish their products and service offerings through a clear and unique value proposition.

The key vendors in this market are -
  • Duracell
  • Fulton
  • Qualcomm
  • WiTricity
Other prominent vendors in the market include Anker, Energizer Holding, LS Cable & System, Oregon Scientific, Pure Energy Solutions, Texas Instruments, Wisepower, and Leggett and Platt.

Key questions answered in the report include
  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global wireless charging market?
  • What are the key market trends impacting the growth of the wireless charging market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global wireless charging market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the wireless charging market?
Technavio also offers customization on reports based on specific client requirement.

Related reports:
  • Global Wireless Power Transmission Market 2015-2019
  • Global Battery Chargers Market 2015-2019
  • Global Battery Electric Vehicles Market 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Global Wireless Charging Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Wireless Charging Market: Duracell, Fulton, Qualcomm and WiTricity
Other Prominent Vendors in the market are: Anker, Energizer Holding, LS Cable & System, Oregon Scientific, Pure Energy Solutions, Texas Instruments, Wisepower, and Leggett and Platt.
Commenting on the report, an analyst from Technavio’s team said: “The global wireless charging market is likely to grow significantly in the future because of certain emerging trends. One such trend is the increased adoption of wireless EV charging, which necessitates wireless technology. The high growth potential of wireless charging has compelled many automobile companies to implement wireless charging systems for EVs and plug-in hybrid electric vehicles (PHEVs).”
According to the report, the increase in virtualization and cloud computing on mobile devices has led to the proliferation of smarter, faster, and more powerful mobile devices offering advanced applications to support networking. As a result, usage of multiple cellphones and other mobile devices like tablets and music players has increased. However, despite the increased operational efficiency of these devices, battery chargers play a major role in their operation. Therefore, the need for conventional chargers to keep such devices functioning increases.
Further, the report states that the main challenge faced by the market is the increase in the cost of the final device integrating wireless charging. Unlike regular chargers, the key components used in the manufacturing of wireless chargers are expensive, adding to the overall manufacturing costs.

Companies Mentioned

Duracell, Fulton, Qualcomm, WiTricity, Anker, Energizer Holding, LS Cable & System, Oregon Scientific, Pure Energy Solutions, Texas Instruments, Wisepower, Leggett and Platt.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Definitions
    • Top vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global wireless charging market
      • Table Comparison of four major wireless charging technologies 2014
    • Market size and forecast
      • Table Global wireless charging market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global wireless charging market segmentation by application
      • Table Global wireless charging market segmentation by application 2015-2020
      • Table Global wireless charging market segmentation by application ($ billions)
      • Table EVs market share by countries 2014
  • Geographical segmentation
    • Global wireless charging market 2015-2020 by region
      • Table Global wireless charging market 2015-2020 by region
      • Table Global wireless charging market 2015-2020 by region ($ billions)
  • Market drivers
    • Table Global wireless charging market for wearable devices 2016-2020 ($ millions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table List of key standards for wireless charging 2014
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Bestselling EVs of 2014
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Duracell Powermat
      • Table Duracell Powermat: Product segmentation 2014
    • Fulton Innovation
      • Table Fulton Innovation: Product segmentation 2014
    • WiTricity
      • Table WiTricity: Product segmentation 2014
    • Qualcomm
      • Table Qualcomm: Geographical segmentation by revenue 2014
      • Table Qualcomm: Business segmentation by revenue 2014
      • Table Qualcomm: Business segmentation by revenue 2011-2014 ($ billions)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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