Wireless Charging Market Size, Trends, Growth Analysis, Development Strategy, Sales Revenue, Competitive Landscape, Future Plans and Regional Forecast 2023

Market Research Future published a research report on “Global Wireless Charging Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

Growing semiconductor industry is one of the major driving factor of this market. The global semiconductor industry is estimated to be at market size of more than USD 400 billion in the year 2017 and this is one of the major factor which is supporting the market of wireless charging. Semiconductor industry is very wide and consist thousands of products. Components which are essential for wireless charging receivers or transmitters are manufactured and developed by companies who are playing major role in the semiconductor industry. High development and high investment in R&D for the new product development is leading to the growth of both, wireless charging market as well as overall semiconductor industry.

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Companies such as Qualcomm, Samsung, Texas Instruments who are driving the industry growth of semiconductor are working in advanced environment for the development of wireless charging solutions.
The global Wireless Charging market is expected to reach USD 24.05 billion by the end of 2023 with 32.56% CAGR during forecast period 2017-2023.

Taste the market data and market information presented through more than 100 market data tables and figures spread over 93 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Wireless Charging Market Research Report -Forecast to 2023”.

Segmental Analysis

The Wireless Charging Market can be segmented by technology, components, applications, and regions. By technology, it is segmented into Inductive Coupling and Capacitive Coupling. By Components the market is segmented into Transmitters and Receivers. By application, it is segmented into consumer electronics (smartphones, tablets, wearable device), industrial, infrastructure, and automotive. By regions, the global market of wireless charging is segmented into North America, Europe, Asia Pacific and Rest of the World.
Consumer electronics segment is considered to be 31.53% of market share in the global wireless charging market where smartphones segment is accounted for 51.46% of the total market share.

Key Players:

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.

Regional Analysis

The Asia Pacific region consists of developing countries with emerging economies, and it accounts for than 35% of the global population. These factors make it the dominating market or wireless charging due to high demand and technological advancement in consumer electronic products like smartphones, tablets, smart gadgets, and wearable devices. China and Japan have a steady supply of wireless charging goods while countries like India, South Korea, and Taiwan have massive consumption of these products. North America and subsequently Europe are expected to hold second and third position respectively in the global wireless charging market.

Industry Updates

Apple had acquired New Zealand-based wireless charging company PowerbyProxi in October 2017 for an unrevealed sum of money, and it ascribes to Apple’s vision for providing simplified charging.
PowerSphyr acquired Californian wireless charging company Gill Electronics, to enable the development of advanced wireless power solutions.

Renesas Electronics Corporation is to acquire Integrated Device Technology, Inc., which is one of the market leaders in wireless charging, for approximately $6.7 billion.

PESI, a South Korean designer studio, introduced a range of furniture and homeware products integrated with wireless charging supported by electromagnetic induction technology in 2017. These products are presented in two forms namely composition and on the surface. On the surface, products include flat wireless charging surface and desktop items such as container, clock, mirror, and speakers. Whereas, composition products include wireless charging surface which can be customized with wood and acrylic elements.

Dan Bus Company, a transit service company of Israel, announced an investment of around USD 2.2 million in wireless technology to arrange electric power sources on the standard roads of the country, in 2017. These electric roads would provide power to vehicles on the road with the help of conduction coils which provide charging power through magnetic induction.

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Intended Audience

• Smartphone Manufactures
• Battery Manufacturers
• Technology Providers
• Wireless Charger Manufactures
• Chip Manufacturers
• Wireless Charger Suppliers
• Distributors
• Research firms
• Consultancy firms
• Semiconductor Manufacturers
• Stakeholders
• End-user sectors
• Technology Investors

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Organization: Market Research Future
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Release ID: 88896773