Wireless Charging Global Market- Overview
Wireless charging market is still in the developmental phase and novel applications are occupying the global arena every day. In order to conduct an intricate study on global wireless charging market, Market Research Future (MRFR) has classified the application segment into industrial, infrastructure, automotive, and consumer electronics, among others. Consumer electronics market accounted for the largest share during the year 2016. Increased demand for consumer electronic gadgets such as wearable devices, tablets, smartphones, among others are the key driving factor for the development of the consumer electronics segment. Smartphones segment represented the largest share of the market during the year 2016. Rising disposable income throughout the world is contributing to the expanding expenditure on electronic products that comprises the purchase of wearable devices and smartphones. Spurring demand for smartphones across the world, especially in the Asia Pacific region is one of the key driving forces which is aiding the growth of the market for smartphone wireless charging. The worldwide Wireless Charging Market is estimated to get fetch increased development over the coming years. Propelling demand for smartphones, surging market for electric vehicles, development in the semiconductor sector, and emerging market of IoT are some aspects propelling the market developer throughout estimation period 2016-2023. On the other hand, compatibility issues and high cost are some of the major restricting the market growth.
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The global wireless charging market is dominated by renowned players like Texas Instruments Inc. (U.S.), Samsung Electronics Co Ltd. (South Korea), Qualcomm Inc. (U.S.), NXP Semiconductors (Netherlands), Powermat Technologies Ltd (Israel), Integrated Device Technology, Inc. (U.S.), PowerbyProxi (New Zealand), WiTricity Corporation (U.S.), Convenient Power HK Limited (China), and TDK Corporation (Japan). Wireless charging market seems to be competitive in the upcoming years owing to the prevalence of several prominent players operating in the regional market. TDK Corporation, Samsung Electronics, Texas Instrument Inc., Integrated Device Technology Inc. and Qualcomm Inc., are some of the companies dominating the wireless charging market across the world. The key tactics traced from the study of recent developments of the renowned players included product launch, acquisition, expansion, agreement, and partnership. Strategic partnerships between key players help the expansion and growth plans of the prominent players over the assessment tenure. On the product and sales side, enterprises are investing in R&D/ innovation, fostering strong associations with clients to support their competition level, collectively with brand building.
According to the report published by Market Research Future, the wireless charging market can be categorized into 4 key segments based on technology, components, application, and regions. Based on technology, the global wireless charging market has been segregated into capacitive coupling and inductive coupling. Based on components, the market has been segmented into receivers and transmitters. According to the application, the market has been segmented into industrial infrastructure, automotive, and consumer electronics (wearable device, tablets, and smartphones). Based on regions, the global wireless charging market has been categorized into Europe, North America, Asia Pacific and Rest of the World.
Asia Pacific has been witnessed to rule the market for wireless charging owing to progression and rising demand for consumer electronic gadgets such as tablets, wearable devices, and smartphones. Asia Pacific represents more than 35% of the worldwide population and most of the Asian economies are still in growing phase making way for high demand for the electronic gadgets. Japan and China are supporting the creation of wireless charging solutions simultaneously making increased consumption of these products collectively with South Korea, Taiwan, and India. North America market followed by Europe market has been estimated to represent the second and third position respectively in the worldwide wireless charging industry.
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- Smartphone Manufactures
- Battery Manufacturers
- Technology Providers
- Wireless Charger Manufactures
- Chip Manufacturers
- Wireless Charger Suppliers
- Research firms
- Consultancy firms
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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