Wireless Charging Market

Overview

Wireless charging, also known as inductive charging, is a technology that allows electronic devices to charge without the use of cables or wires. The wireless charging market has been gaining popularity in recent years due to its convenience and ease of use. This market research article will provide an overview of the current size and market share of the industry, key players, major trends and drivers affecting the industry, opportunities and threats, regulatory and legal issues, target demographics, and pricing trends.

The wireless charging market size is expected to grow ~ USD 13 billion by 2026, at a CAGR of +23% during the forecast period.

The consumer electronics segment is expected to dominate the market during the forecast period due to the increasing adoption of wireless charging technology in smartphones, tablets, and wearable devices. The automotive segment is also expected to grow at a significant rate during the forecast period due to the increasing demand for electric vehicles.

Key Players-

• ENERGIZER HOLDINGS
• FULTON INNOVATION LLC
• RENESAS ELECTRONICS CORPORATION
• MURATA MANUFACTURING COMPANY
• POWERMAT TECHNOLOGIES LTD
• QUALCOMM TECHNOLOGIES
• SAMSUNG ELECTRONICS CO.
• SONY CORPORATION
• TEXAS INSTRUMENTS INC
• WITRICITY CORPORATION

Segmentation-

By Technology

• Inductive
• Resonant
• Radio Frequency
• Others

By Industry Vertical

• Electronics
• Automotive
• Industrial
• Healthcare
• Aerospace & Defense

Trends and Drivers

One of the major trends in the wireless charging market is the increasing adoption of wireless charging technology in public places such as coffee shops, airports, and restaurants. This trend is driven by the growing demand for convenient charging solutions and the increasing number of wireless charging-enabled devices. Another major trend is the increasing use of wireless charging technology in the automotive industry, particularly in electric vehicles.

The major drivers of the wireless charging market include the increasing adoption of smartphones and other electronic devices, the growing demand for electric vehicles, and the increasing use of wireless charging technology in public places. The increasing adoption of wireless charging technology in healthcare, industrial, and military applications is also expected to drive the market growth.

Opportunities and Threats

The wireless charging market presents several opportunities for growth, including the increasing demand for wireless charging-enabled devices, the growing popularity of electric vehicles, and the increasing adoption of wireless charging technology in public places. However, the market also faces several threats, such as the high cost of wireless charging technology, the lack of standardization, and the competition from other charging technologies.

Regulatory and Legal Issues

The wireless charging market is subject to several regulatory and legal issues, including the compliance with electromagnetic compatibility (EMC) and radio frequency (RF) regulations, and the protection of intellectual property rights. The lack of standardization in the wireless charging market is also a regulatory issue that needs to be addressed.

Target Demographics and Preferences

The target demographics of the wireless charging market include consumers who own smartphones, tablets, and wearable devices, as well as businesses that offer wireless charging solutions in public places. According to a report by Wireless Power Consortium, wireless charging is most popular among millennials and Gen Xers, with 46% and 32% of respondents from these age groups respectively stating that they use wireless charging technology.

Conclusion

In conclusion, the wireless charging market is a rapidly growing industry that offers convenience and ease of use to consumers. The market is expected to continue to grow at a significant rate, driven by increasing adoption of smartphones and other electronic devices, the popularity of electric vehicles, and the demand for convenient charging solutions in public places. Key players in the market include Samsung Electronics, Sony Corporation, and Qualcomm Technologies. However, the market also faces challenges such as high costs and lack of standardization. Overall, the wireless charging market presents significant opportunities for growth and innovation.