Wireless Charging Market by Technology and Application - Global Industry Analysis and Forecast to 2025

Report Code : SE0647

Wireless charging is a technology for transmitting power through a wireless medium (an air gap) to electrical devices in order to replenish their energy. In this technology, a power source transmits electromagnetic energy without interconnecting cords to an electrical load, across an air gap. Wireless charging technologies can be majorly classified into radiative RF based charging and non radiative coupling based charging. Radiative RF based charging can be further classified into directive RF power transfer and non-directive RF power transfer. Non radiative coupling based charging technology can be further classified into, capacitive coupling, inductive coupling and magnetic resonance coupling. 

Wireless charging has immense benefits as compared to traditional wired charging. For instance, much smaller electronic devices as compared to those existing today, can be designed and fabricated with the elimination of batteries. Such electrical-contact free devices can be more durable as they can be easily designed to be water proof and dust proof. The technology can provide incomparable flexibility, especially for devices for which replacing batteries or charging them is hazardous, costly or infeasible as in case of body-implanted sensors.  Conventional wireless sensors have a limited battery life and hence they need to be replaced periodically which is a primary performance bottleneck for these sensors. Recent research in the field of energy transfer through wireless mediums has derived a technological breakthrough to eliminate such performance bottlenecks. In other words, it has enabled the sensor networks to remain operational for a longer period of time. Wireless charging technology has greatly reduced the inefficiency of wireless sensors as energy can be provided to these sensors through coupling coils placed at a distance. As compared to battery replacement, this approach is more robust and it also minimizes the requirement for accurate sensor positioning.

The major driving factors for the growth of wireless charging market are technological advancements in portable electronics and wearable electronic devices (such as smart-watches) along with increasing sales of electric vehicle across the world. Rising awareness about air pollution due to large scale fossil fuel consumption and emissions from automobiles is contributing to increased demand for electric vehicles by customers. Significant research and development activities are carried out by major players in automotive industry on improving power transmission range. These factors will considerably contribute to the future growth of the wireless charging market. However, incompatibility of the technology with most of the existing electronic devices can hinder the growth of wireless charging market during coming few years.

The research and development of wireless charging technology is majorly focused towards two directions viz. radio frequency (RF) based wireless charging (or radiative wireless charging) and coupling based wireless charging. Due to the safety issues associated with radio frequency exposure, radiative charging operates in low power requirement applications. As a result, non radiative wireless charging technique is finding large scale acceptance in consumer appliances such as electric toothbrushes and electric vehicle chargers.

The key players operating in the wireless charging market emphasize on advanced research and development to come up with sophisticated new age wireless charging solutions to gain the first mover advantage and to capture a major share of this emerging market. For instance, in July 2016, Texas Instruments Inc. introduced the industry’s first Qi certified 15 W wireless power transmitter, the bq501210. It enables 84% system efficiency and considerably low thermal dissipation as compared to existing traditional wireless devices. The bq501210 supports multiple fast charging protocols and has different customizable and flexible features meant for medical applications, space constrained industrial applications and consumer electronics. Likewise, in May 2017, Qualcomm Technologies, Inc. demonstrated the wireless dynamic electric vehicle charging (DEVC) technology which allows electric vehicles to charge dynamically up to 20 KW at highway speeds. 

Some of the key players in the global wireless charging market are Fulton Innovation LLC, WiTricity Corporation, Texas Instruments Incorporated, Convenient Power HK Limited., Murata Manufacturing Co., Ltd., Energizer Holdings, Inc., Powermat Technologies, Anker Technology Co. Limited, and Oregon Scientific Global Distribution Ltd.

Wireless Charging Market Segmentation

By Technology:

  • Resonant
  • Inductive
  • RF
  • Others

By Application:

  • Consumer Electronics
  • Industrial
  • Automotive
  • Defense
  • Healthcare
  • Others

By Region:

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • Turkey
  • United Arab Emirates
  • Others

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

Licesnces Type

For Any Further Assistance

*
*
*