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Global Wireless Charging Market: By Technology: Inductive Charging, Resonant Charging, Radio Frequency Based Charging; By Transmission Range; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Wireless Charging Market Outlook

The global wireless charging market stood at USD 9.62 billion in 2020. The market is projected to grow at a significant CAGR of 13.2% during the forecast period of 2021-2026 to reach USD 20.2 billion by 2026.

On the basis of technology, inductive technology is estimated to dominate the global wireless charging market in 2020. Based on the application, the consumer electronics segment accounted for the majority of the total market share and is expected to retain its dominance during the forecast period. Based on the transmission line, the short-range wireless transmission is estimated to hold the largest market in 2020. 

Regionally, the Asia Pacific is projected to hold the major market share over the forecast period owing to the growing adoption of consumer electronics and the rising demand for electric vehicles. Also, the increase in disposable income associated with increasing investment in consumer electronics products is expected to drive the wireless charging market growth.

 

Properties and Applications

Wireless charging is defined as the process of electrically charging battery-powered appliances or devices without physically connecting to a live power source. It operates on the principle of the electromagnetic induction (EMI). In EMI, an electric current is passed between the transmitter and the receiver through the use of coils to induce an electromagnetic field. Wireless charging is a convenient, safe, and reliable technology to charge wireless devices, while providing a cost-effective and portable alternative to traditionally wired charging systems. 

On the basis of the technology, the global wireless charging market is divided into:

  • Inductive Charging
  • Resonant Charging
  • Radio Frequency Based Charging
  • Others

The wireless charging market can be broadly segregated on the basis of its transmission range into:

  • Short Range
  • Medium Range
  • Long Range

Based on the application, the global wireless charging market is segmented into:

  • Consumer Electronics
  • Automotive
  • Healthcare
  • Industrial
  • Defence
  • Others

The EMR report looks into the regional markets in the global wireless charging market like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

Wireless charging systems ensure the portability of appliances and eliminate the need for bulky power charging devices. It offers convenience to the wireless charging devices and has penetrated various industrial sectors such as industrial equipment, consumer electronics, and automotive. The wireless technology is being increasingly adopted and implemented in healthcare applications on account of the frequent power cuts during surgical procedures. Consequently, the healthcare industry is gaining momentum towards adopting advanced wireless charging alternatives that facilitate performance improvements in medical devices.

Moreover, wireless charging systems offer various advantages over the conventional charging system, such as mobility, ease of handling, and protection from electric shocks, thus, contributing to the growth of the global wireless charging market. The adoption of wireless charging solutions in automobiles and the growing proliferation of the Internet of Things (IoT) is also likely to foster the industry growth. Furthermore, the rising demand and potential of electric vehicles, particularly in European countries, is further expanding its application in the automotive industry. The rise in the sales of electric vehicles (EVs) and the growing adoption of portable electronics and wearables are also driving the industry growth. Moreover, the growing investments in research and development activities are estimated to stimulate the growth of the industry in the coming years.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global wireless charging market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Leggett & Platt, Incorporated
  • Energizer 
  • Powermat 
  • WiTricity Corporation
  • Samsung
  • Renesas Electronics Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Wireless Charging Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Wireless Charging Historical Market (2016-2020) 
    8.3    Global Wireless Charging Market Forecast (2021-2026)
    8.4    Global Wireless Charging Market by Technology
        8.4.1    Inductive Charging
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Resonant Charging
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Radio Frequency Based Charging
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Global Wireless Charging Market by Transmission Range
        8.5.1    Short Range
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Middle Range
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Long Range
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Wireless Charging Market by Application
        8.6.1    Consumer Electronics
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Automotive
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Healthcare
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Industrial
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Defence
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Others
    8.7    Global Wireless Charging Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players’ Market Share
    12.3    Company Profiles
        12.3.1    Leggett & Platt, Incorporated
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    Energizer 
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    Powermat 
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    WiTricity Corporation
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    Samsung
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Certifications
        12.3.6    Renesas Electronics Corporation
            12.3.6.1    Company Overview
            12.3.6.2    Product Portfolio
            12.3.6.3    Demographic Reach and Achievements
            12.3.6.4    Certifications
        12.3.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Wireless Charging Market: Key Industry Highlights, 2016 and 2026
2.    Global Wireless Charging Historical Market: Breakup by Technology (USD Billion), 2016-2020
3.    Global Wireless Charging Market Forecast: Breakup by Technology (USD Billion), 2021-2026
4.    Global Wireless Charging Historical Market: Breakup by Transmission Range (USD Billion), 2016-2020
5.    Global Wireless Charging Market Forecast: Breakup by Transmission Range (USD Billion), 2021-2026
6.    Global Wireless Charging Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Wireless Charging Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Wireless Charging Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Wireless Charging Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Wireless Charging Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Wireless Charging Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Wireless Charging Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Wireless Charging Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Wireless Charging Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Wireless Charging Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Wireless Charging Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Wireless Charging Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Wireless Charging Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Wireless Charging Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Wireless Charging Market Structure

Key Questions Answered in the Report

What was the market size in 2020?

The global wireless charging market reached a value of USD 9.62 billion in 2020.

What is the growth rate of the market?

The market is projected to grow at a CAGR of nearly 13.2% in the forecast period of 2021-2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to reach a value of about USD 20.2 billion by 2026.

What are the major market drivers?

The major drivers of the industry include rising disposable incomes, increasing population, rise in sales of electric vehicles (EVs), and the rising adoption of portable electronics and wearables.

What are the key industry trends of the market?

The wireless technology is being increasingly adopted and implemented in healthcare applications, on account of the frequent power cuts during surgical procedures. This is expected to be a key trend guiding the growth of the industry.

What are the major regional markets according to the EMR report?

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.

What is the dominant technology of wireless charging in the industry?

Inductive technology is the dominant technology in the market. 
 

What is the leading transmission range in the industry?

Short range is the leading transmission range of the product in the industry. 

Which application segment accounts for the largest market share?

The consumer electronics sector accounts for the largest market share, among other application segments in the industry.

Who are the key industry players according to the report?

The leading players in the market are Leggett & Platt, Incorporated, Energizer, Powermat, WiTricity Corporation, Samsung, and Renesas Electronics Corporation, among others.

Analyst Review

The global wireless charging market attained a value of USD 9.62 billion in 2020, driven by the growth in the electronics industry. Aided by the rising demand for electric vehicles, the industry is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 13.2% The industry is projected to reach USD 20.2 billion by 2026. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its technology, the global market for wireless charging can be segmented into inductive charging, resonant charging, and radio frequency-based charging, and others, with inductive charging accounting for the largest market share. By transmission range, the short-range segment leads the industry. On the basis of application, the consumer electronics sector accounts for the largest share in the global industry. The major regional markets for wireless charging are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include Leggett & Platt, Incorporated, Energizer, Powermat, WiTricity Corporation, Samsung, and Renesas Electronics Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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