Wireless Charging Market Growth, Size, Trends, Demand, Revenue, Challenges and Future Outlook
Wireless Charging Market Size- By Application, By Technology, By Industry Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: IACT23173 | Pages: 1 - 242 | Formats*: |
| Category : Information & Communications Technology | |||
Wireless Charging Market Introduction and Overview
According to SPER Market Research, the Global Wireless Charging Market is estimated to reach USD 63.82 billion by 2033 with a CAGR of 24.82%.
The report includes an in-depth analysis of the Global Wireless Charging market, including market size and trends, product mix, distribution channels, and supplier analysis. The transmission of energy from a power source to a consuming gadget without the use of wires or connections is known as wireless charging. A charging station (or transmitter) broadcasts the energy, while a receiver (built inside a device) receives it and charges the battery. Wireless charging is a consistent, convenient, and safe way to power and charge electrical devices. Furthermore, by removing the usage of physical connectors and cables, it outperforms standard charging systems in terms of efficiency, cost-effectiveness, and safety. Furthermore, it ensures continuous power transfer to ensure that all devices (handheld industrial gadgets, smartphones, heavy-duty equipment, and others) are charged and ready for use.
- Ossia Inc. and Toyoda Gosei, a division of the Toyota Group, partnered in July 2020. A commercial agreement and strategic investment are also part of the relationship. Together with strategic elements like wireless power for smart cities, automobiles, the Internet of Things, and consumer applications, the cooperation also encompasses a number of commercial initiatives.
- The leading supplier of consumer electronics and wireless charging technology is Samsung Electronics. Samsung Trio, the company's newest wireless charger, has been released. This device works with all Samsung watches, earphones, and smartphones. It can charge three tiny battery devices at once.
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Market Opportunities and Challenges
Opportunities:
- Charging warehouse trucks wirelessly using technology: It takes a lot of time to charge the sophisticated batteries in warehouse trucks during operation. The smartphone only receives partial charging from some batteries since they stop working completely after they drop to 50%. To avoid utility cost fines during peak hours, a lot of operators keep intricate charging schedules. An inductive battery charging system is utilized for fleets of vehicles as a solution to these problems; it can be placed in a warehouse setting without requiring a large amount of space-consuming infrastructure and can boost logistics productivity by up to 30%.
Challenges: Cordless chargers for consumer electronic goods such as smartphones and laptops have a 50% higher initial cost than traditional wired chargers. The high cost of cordless charging decreases the profit margins of consumer goods manufacturers such as Xiaomi, Samsung, Apple, and others. Cordless charging raises the cost of an electric vehicle charging station. The transmitter, rectifier, inductive plate, and receiver components of a wireless and cordless charger are more expensive than previous technologies. The high cost of the internal components of cordless chargers influences the entire cost and, as a result, raises the product's final price.
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Market Competitive Landscape
This report includes competitive analysis and profiles of the major wireless charging market players, including Samsung Electronics Co. Ltd., Qualcomm Incorporated, Integrated Device Technology Inc., Texas, WiTricity Corporation, Energizer Holdings Inc., Instruments, Powermat Technologies Ltd., Murata Manufacturing Co. Ltd., Sony Corporation, and Fulton Innovation LLC. To boost market penetration and strengthen their position in the wireless charging sector, these main players have used a variety of strategies, including product portfolio growth, mergers and acquisitions, partnerships, regional expansion, and collaborations.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application, By Technology, By Industry Vertical |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Samsung Electronics Co. Ltd., Qualcomm Incorporated, Integrated Device Technology Inc., Texas, WiTricity Corporation, Energizer Holdings Inc., Instruments, Powermat Technologies Ltd., Murata Manufacturing Co. Ltd., Sony Corporation, Ossia Inc. |
COVID-19 Impact on Global Wireless Charging Market
The exponential rise of COVID-19 cases around the world has had a significant impact on the electronic and semiconductor industries. The constantly evolving semiconductor sector, as well as changes in client purchasing behavior, fueled global market expansion. During the projection period, demand for wired and cordless charging solutions is likely to rise due to increased demand for next-generation charging solutions. Various government entities around the world enacted nationwide lockdowns, affecting a variety of commercial sectors as work-from-home regulations were implemented. This, in turn, lowered the use of electric or non-electric vehicles, reducing the number of automobiles in electric charging stations even further. These elements had a marginally unfavorable impact on the wireless electric charging station sector.
Key Target Audience
- Consumers
- Businesses
- Automotive Industry
- Healthcare Sector
- Retailers
- Enterprise and Office Environments
- Smart Home Enthusiasts
- Gaming Industry
- Hospitality Industry
- Public Spaces and Infrastructure
Our in-depth analysis of the Wireless Charging Market includes the following segments:
| By Application: |
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| By Technology: |
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| By Industry Vertical: |
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| By Region: |
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Key Topics Covered in the Report
- Global Wireless Charging Market Size (FY’2023-FY’2033)
- Overview of Global Wireless Charging Market
- Segmentation of Global Wireless Charging Market By Application (Commercial Charging Station, Home Charging Unit)
- Segmentation of Global Wireless Charging Market By Technology (Inductive, Resonant, Radio Frequency, Others)
- Segmentation of Global Wireless Charging Market By Industry Vertical (Consumer Electronics, Automotive, Industrial, Healthcare, Aerospace & Defence)
- Statistical Snap of Global Wireless Charging Market
- Expansion Analysis of Global Wireless Charging Market
- Problems and Obstacles in Global Wireless Charging Market
- Competitive Landscape in the Global Wireless Charging Market
- Impact of COVID-19 and Demonetization on Global Wireless Charging Market
- Details on Current Investment in Global Wireless Charging Market
- Competitive Analysis of Global Wireless Charging Market
- Prominent Players in the Global Wireless Charging Market
- SWOT Analysis of Global Wireless Charging Market
- Global Wireless Charging Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Wireless Charging Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Wireless Charging Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Wireless Charging Market
7. Global Wireless Charging Market, By Application (USD Million)
7.1. Global Wireless Charging Market Value Share and Forecast, By Application, 2023-20337.2. Commercial Charging Station7.3. Home Charging Unit
8. Global Wireless Charging Market, By Technology (USD Million)
8.1. Global Wireless Charging Market Value Share and Forecast, By Technology, 2023-20338.2. Inductive8.3. Resonant8.4. Radio Frequency8.5. Others
9. Global Wireless Charging Market , By Industry Vertical (USD Million)
9.1. Global Wireless Charging Market Value Share and Forecast, By Industry Vertical, 2023-20339.2. Consumer Electronics9.3. Automotive9.4. Industrial9.5. Healthcare9.6. Aerospace & Defence
10. Global Wireless Charging Market Forecast, 2019-2033 (USD Million)
10.1. Global Wireless Charging Market Size and Market Share
11. Global Wireless Charging Market, By Application, 2019-2033 (USD Million)
11.1. Global Wireless Charging Market Size and Market Share By Application (2019-2026)11.2. Global Wireless Charging Market Size and Market Share By Application (2027-2033)
12. Global Wireless Charging Market, By Technology, 2019-2033 (USD Million)
12.1. Global Wireless Charging Market Size and Market Share By Technology (2019-2026)12.2. Global Wireless Charging Market Size and Market Share By Technology (2027-2033)
13. Global Wireless Charging Market, By Industry Vertical, 2019-2033 (USD Million)
13.1. Global Wireless Charging Market Size and Market Share By Industry Vertical (2019-2026)13.2. Global Wireless Charging Market Size and Market Share By Industry Vertical (2027-2033)
14. Global Wireless Charging Market, By Region, 2019-2033 (USD Million)
14.1. Global Wireless Charging Market Size and Market Share By Region (2019-2026)14.2. Global Wireless Charging Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific
14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada14.6.2. Mexico14.6.3. United States
14.7. Latin America
14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. ENERGIZER HOLDINGS, INC.
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. FULTON INNOVATION LLC
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. MURATA MANUFACTURING COMPANY, LTD.
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. POWERMAT TECHNOLOGIES LTD.
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. QUALCOMM TECHNOLOGIES, INC.
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. RENESAS ELECTRONICS CORPORATION
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Ossia Inc.
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. SAMSUNG ELECTRONICS CO., LTD
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. SONY CORPORATIO
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. WITRICITY CORPORATION
15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Wireless Charging Market is projected to reach USD 63.82 billion by 2033, growing at a CAGR of 24.82% during the forecast period.
Wireless Charging Market grew in market size from 2022. The Market is expected to reach USD 63.82 billion by 2033, at a CAGR of 24.82% during the forecast period.
Wireless Charging Market CAGR of 24.82% during the forecast period.
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Wireless Charging Market size is USD 63.82 billion from 2023 to 2033.
Wireless Charging Market Segment is covered By Application, By Technology, By Industry Vertical.
The North America is anticipated to have the highest market share in the Wireless Charging Market.
The key players in the market include Companies Covered Covered Samsung Electronics Co. Ltd., Qualcomm Incorporated, Integrated Device Technology Inc., Texas, WiTricity Corporation, Energizer Holdings Inc., Instruments, Powermat Technologies Ltd., Murata Manufacturing Co. Ltd., Sony Corporation, Ossia Inc.
The transmission of energy from a power source to a consuming gadget without the use of wires or connections is known as wireless charging. A charging station (or transmitter) broadcasts the energy, while a receiver (built inside a device) receives it and charges the battery.
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