Wireless Charging Global Market- Overview —
Wireless Charging market is still in the growth phase and new applications are coming in the picture every day. For the purpose of this report, Market Research Future has bifurcated the application segment into consumer electronics, Industrial, Infrastructure, and Automotive among others. Consumer electronics segment accounts for the largest market share in the year 2016. High demand for the consumer electronic products such as smartphones, tablets, wearable devices among others are the major driving factor for the growth of the consumer electronics segment. Smartphones segment accounts for highest market share in the year 2016. Increasing disposable income around the world is leading to the high expenditure on the electronic products which includes purchase of smartphones and wearable devices. Growing demand of smartphones around the world, especially in Asia Pacific is one of the major driving facto which is supporting the market of smartphone wireless charging.
The Global Wireless Charging Market is expected to get high growth in coming years. Huge demand of smartphones, developing market for electric vehicles, growth in semiconductor industry, and developing market of IoT are some factors driving the market growth during forecast period 2016-2023. However, high cost and compatibility issues are some of the factors hampering the market growth.
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Wireless Charging Global Market- Segmentation
The Wireless Charging Market can be classified into 4 key segments as follows:
• Segmentation by Technology: Inductive Coupling and Capacitive Coupling
• Segmentation by Components: Transmitters and Receivers
• Segmentation by Application: Consumer Electronics (Smartphones, Tablets, Wearable Device), Industrial, Infrastructure, and Automotive.
• Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
The prominent players in the market of Wireless Charging market are – Samsung Electronics Co Ltd. (South Korea), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), NXP Semiconductors (Netherlands), Powermat Technologies Ltd (Israel), WiTricity Corporation (U.S.), PowerbyProxi (New Zealand), Qualcomm Inc. (U.S.), TDK Corporation (Japan), Convenient Power HK Limited (China) among others.
Market Research Future Analysis
Warless Charging market is still in the growth phase and new applications are coming in the picture every day. For the purpose of this report, Market Research Future has bifurcated the application segment into consumer electronics, Industrial, Infrastructure, Automotive among others. Consumer electronic segment accounts for the largest market share in the year 2016 whereas Automotive segment has emerged as fastest growing market which is estimated to grow with 36.44% of compound annual growth rate from the year 2017 to 2023.
Wireless Charging Global Market- Competitive Analysis
Wireless Charging market appears to be competitive in the coming years owning to the presence of numerous large players active in regional market. Samsung Electronics, TDK Corporation, Qualcomm Inc., Texas Instrument Inc., and Integrated Device Technology Inc. are some of the companies leading the wireless charging market globally. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
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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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