Global Wireless Phone Charging Market Overview
Wireless charging is a process of charging battery-powered devices and equipment without the need for a wired electrical power connection. It allows wireless transfer of electrical charge from a charging device or node to the recipient device. Wireless charging is a convenient, reliable, and safe technology to charge and power electrical devices. Moreover, it provides cost-effective, efficient, and safer benefits as compared to traditional charging systems by eradicating the use of physical cables and connectors. Additionally, it keeps continuous transfer of power to safeguard all types of devices (smartphones, handheld industrial devices, heavy-duty equipment, and others) are charged and easily available for use.Wireless Phone Charging market accounted for US$ 11.9 billion in 2020 and is estimated to be US$ 79.0 million by 2030 and is anticipated to register a CAGR of 20.9%.
Global Wireless Phone Charging Market Dynamics
Technological advancement
Rising demand smart wearables integrated with advanced charging systems along with laptops and smartphones is driving growth of the target market. Additionally, technological advancements in electronic devices resulting to miniaturization of products is also boosting growth of the global market. Manufacturers involved in the target market are focusing their approach towards deployment of wireless charging facility in vehicles. Moreover, government expenditure on infrastructure development of vehicle charging stations is further projected to influence growth of the global wireless charging market. Increasing R&D activities and technological advancements by major players is anticipated to create new opportunities in terms of revenue to players operating in the global wireless charging market in the coming years. Humavox Company has developed a trend of charging the devices wirelessly called drop & charge in which the charge station is defined as a box, or key, and the receiver needs to be pressed on transmitter by an induction charging. Such advantages prove helpful to the customer with better product usability, designing, and reliability. Increase in demand for efficient charging system is projected to expressively drive the growth of the wireless charging market.
Conversely, technology is expensive to integrate and comparatively slower charging which might hamper growth of the target market.
Global Wireless Phone Charging Market Segmentation
Wireless phone charging market is segmented based on technology, industrial vertical, and region.
On the basis of technology, the wireless phone charging market is segmented into inductive, resonant, and radio frequency (RF). On the basis of industrial vertical, the target market is classified into electronics, automotive, industrial, healthcare, and aerospace & defense.
Regional Insights:
On region the wireless phone charging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific wireless charging market is projected to register for highest share in the global market in terms of revenue, due to increasing number of users for wearable devices, smart phones, and laptops. Further, rapid urbanization and availability of major manufacturers in countries in the region is also boosting growth in this region. The North America and Europe markets are projected to register for substantial revenue shares in the global market. The Europe market is expected to register lucrative CAGR in terms of revenue in the coming years, due to growing adoption from electric vehicles in order to reduce pollution by vehicles in economies in this region.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
|
Market Segmentation |
By Technology - Inductive, Resonant, and Radio Frequency (RF) By Industrial Vertical- Electronics, Automotive, Industrial, Healthcare, and Aerospace & Defense |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the wireless phone charging market report based on technology, industrial vertical, and region.
Wireless Phone Charging Market, By Technology:
- Inductive
- Resonant
- Radio Frequency (RF)
Wireless Phone Charging Market, By Industrial Vertical:
- Electronics
- Automotive
- Industrial
- Healthcare
- Aerospace & Defense
Wireless Phone Charging Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Wireless Phone Charging Market Key Players
The key players operating the wireless phone charging market includes Qualcomm Inc., Texas Instruments, Inc., Oregon Scientific, Inc. Fulton Innovation LLC, WiTricity Corporation, Integrated Device Technology, Inc., Duracell Powermat (Procter & Gamble Co.), Convenient Power HK Ltd., Murata Manufacturing Co. Ltd., Energizer Holdings, Inc., and Anker. Prominent players have implemented strategies, such as mergers & acquisitions, product portfolio expansion, agreements, collaborations, and geographical expansion to improve their market penetration.
Global Wireless Phone Charging Market Company Profile
- Qualcomm Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Texas Instruments, Inc.
- Oregon Scientific, Inc.
- Fulton Innovation LLC
- WiTricity Corporation
- Integrated Device Technology, Inc.
- Duracell Powermat (Procter & Gamble Co.)
- Convenient Power HK Ltd.
- Murata Manufacturing Co. Ltd.
- Energizer Holdings, Inc.
- Anker
“*” marked represents similar segmentation in other categories in the respective section
Global Wireless Phone Charging Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Wireless Phone Charging Strategies
- Key Questions this Study will Answer
- Market Snippet, By Technology
- Market Snippet, By Industrial Vertical
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Technology, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Inductive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Resonant
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Radio Frequency (RF)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Industrial Vertical, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Electronics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Industrial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Healthcare
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Aerospace & Defense
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Industrial Vertical, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Industrial Vertical, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Industrial Vertical, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Industrial Vertical, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Industrial Vertical, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Qualcomm Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Texas Instruments, Inc.
- Oregon Scientific, Inc.
- Fulton Innovation LLC
- WiTricity Corporation
- Integrated Device Technology, Inc.
- Duracell Powermat (Procter & Gamble Co.)
- Convenient Power HK Ltd.
- Murata Manufacturing Co. Ltd.
- Energizer Holdings, Inc.
- Anker
- Qualcomm Inc.
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Wireless Phone Charging Market is segmented into technology, industrial vertical, and region.
Market growth is propelled by the increasing adoption of smartphones, the demand for convenient and cable-free charging solutions, and advancements in wireless charging technologies, including fast-charging capabilities.
Challenges include compatibility issues with certain devices, slower charging speeds compared to wired options, and the need for standardized charging solutions, influencing the global Wireless Phone Charging Market.
On region the global wireless phone charging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific wireless charging market is projected to register for highest share in the global market in terms of revenue, due to increasing number of users for wearable devices, smart phones, and laptops.
The key players operating the target market includes, Qualcomm Inc., Texas Instruments, Inc., Oregon Scientific, Inc. Fulton Innovation LLC, WiTricity Corporation, Integrated Device Technology, Inc., Duracell Powermat (Procter & Gamble Co.), Convenient Power HK Ltd., Murata Manufacturing Co. Ltd., Energizer Holdings, Inc., and Anker.