Wireless Charging Market Size

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Wireless Charging Market Analysis, Size, Growth Industry Trends
and Forecast to 2024 - Hexa Research
" The global wireless charging market was valued at
approximately USD 1.90 billion in 2014 and it is
projected to grow at an approximate CAGR of over
60% over the forecast period of 2016 to 2024."
Wireless Charging Market is expected to grow beyond USD 20 billion by 2024. Elimination of cables allows
clutter-free charging, which has impelled the consumption levels. Another growth driving factor for the global
market includes the growing demands for smartphones, specifically in India, China, and South Korea. The rise in
infrastructural development, digitization, and network communications has also driven the growth. Moreover,
rising demands across the automotive industry on account of the increased sales of electric vehicles is also a
key market driver. The global market is segregated as applications, technologies, and regions.
The application sector includes defense, consumer, automotive, healthcare, and industrial. T he consumer
application sector led the global market and is expected to generate a revenue share of more than USD 16
billion by 2024. Rising demands for wireless chargers is likely to augment the segment. The healthcare sector is
projected to be the most lucrative application sector, with a CAGR of over 38 % over the forecast period (from
2016 to 2024).
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The technology sector comprises resonant, Radio Frequency (RF), and inductive. Inductive wireless charging
market led the overall technology sector, particularly in the automotive industry, in 2015. However, this
technology is inconvenient for a multi-device ecosystem since it permits just a single device to be charged per
coil. The RF technology sector is expected to exceed USD 3.5 billion by 2024 growing at a CAGR o f over 45 %
from 2016 to 2024. This is mainly because it eradicates the necessity for appropriate alignment in case of any
small devices.
Regionally, the United States occupied over 30 % of the total revenue in 2015. High tendency to spend on these
devices because of the high levels of technological awareness and advancements are anticipated to favorably
impact the market growth. In addition to this, significant technological proliferation across various application
sectors is also likely to be a key growth driver. The Asia-Pacific wireless charging market is projected to reach
USD 12 billion by 2024 growing at a healthy CAGR of over 35 % during the estimated years.
The major companies in the global market include WiTricity Corp.; PowerbyProxi Ltd.; Qualcomm Inc.; and
Integrated Device Technology Inc. (IDT). New players generally work together with technology providers and
then launch their products. However, huge set-up costs may pose a challenge to these new companies that
want to establish and develop their market presence.
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Table of Content of Wireless Charging Market
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.1.1. Initial data exploration
1.1.2. Statistical modeling and forecast
1.1.3. Industry insights and validation
1.2. List of Data Sources
Chapter 2. Executive Summary
2.1. Wireless charging industry 3600 synopsis, 2016 - 2024
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Regional trends
Chapter 3. Wireless Charging Industry Insights
3.1. Industry segmentation
3.2. Industry size, forecast and growth prospects, 2016 - 2024
3.3. Industry ecosystem analysis
3.3.1. Supply landscape
3.4. Technological overview
3.4.1. Wireless charging standards
3.5. Wireless charging industry dynamics
3.5.1. Growth drivers
3.5.1.1 Growing smartphones demand
3.5.1.2 High degree of convenience
3.5.1.3 Technological innovation
3.5.2. Industry pitfalls & challenges
3.5.2.1 Need for standardization
3.6. Key market growth opportunities
3.7. Porter’s analysis
3.8. Key competitor analysis, 2015
3.8.1. Company strategy landscape
3.9. PESTEL analysis
Chapter 4. Wireless Charging Technology Insights
4.1. Wireless charging market share by technology, 2015 & 2024
4.2. Inductive
4.2.1. Market estimates and forecasts, 2016 - 2024
4.2.2. Market estimates and forecasts by region, 2016 - 2024
4.3. RF
4.3.1. Market estimates and forecasts, 2016 - 2024
4.3.2. Market estimates and forecasts by region, 2016 - 2024
4.4. Resonant
4.4.1. Market estimates and forecasts, 2016 - 2024
4.4.2. Market estimates and forecasts by region, 2016 - 2024
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4.5. Others
4.5.1. Market estimates and forecasts, 2016 - 2024
4.5.2. Market estimates and forecasts by region, 2016 - 2024
Chapter 5. Wireless Charging Application Insights
5.1. Wireless charging market share by application, 2015 & 2024
5.2. Consumer Electronics
5.2.1. Market estimates and forecasts, 2016 - 2024
5.2.2. Market estimates and forecasts by region, 2016 - 2024
5.3. Healthcare
5.3.1. Market estimates and forecasts, 2016 - 2024
5.3.2. Market estimates and forecasts by region, 2016 - 2024
5.4. Defense
5.4.1. Market estimates and forecasts, 2016 - 2024
5.4.2. Market estimates and forecasts by region, 2016 - 2024
5.5. Automotive
5.5.1. Market estimates and forecasts, 2016 - 2024
5.5.2. Market estimates and forecasts by region, 2016 - 2024
5.6. Industrial
5.6.1. Market estimates and forecasts, 2016 - 2024
5.6.2. Market estimates and forecasts by region, 2016 - 2024
5.7. Others
5.7.1. Market estimates and forecasts, 2016 - 2024
5.7.2. Market estimates and forecasts by region, 2016 - 2024
Chapter 6. Wireless Charging Regional Insights
6.1. Wireless charging market share by region, 2016 & 2024
6.2. North America
6.2.1. Market estimates and forecasts by product, 2016 - 2024
6.2.2. Market estimates and forecasts by application, 2016 - 2024
6.2.3. U.S.
6.2.3.1 Market estimates and forecasts by product, 2016 - 2024
6.2.3.2 Market estimates and forecasts by application, 2016 - 2024
6.2.4. Canada
6.2.4.1 Market estimates and forecasts by product, 2016 - 2024
6.2.4.2 Market estimates and forecasts by application, 2016 - 2024
6.3. Europe
6.3.1. Market estimates and forecasts by product, 2016 - 2024
6.3.2. Market estimates and forecasts by application, 2016 - 2024
6.3.3. UK
6.3.3.1 Market estimates and forecasts by product, 2016 - 2024
6.3.3.2 Market estimates and forecasts by application, 2016 - 2024
6.3.4. Germany
6.3.4.1 Market estimates and forecasts by product, 2016 - 2024
6.3.4.2 Market estimates and forecasts by application, 2016 - 2024
6.4. Asia Pacific
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6.4.1. Market estimates and forecasts by product, 2016 - 2024
6.4.2. Market estimates and forecasts by application, 2016 - 2024
6.4.3. China
6.4.3.1 Market estimates and forecasts by product, 2016 - 2024
6.4.3.2 Market estimates and forecasts by application, 2016 - 2024
6.4.4. Japan
6.4.4.1 Market estimates and forecasts by product, 2016 - 2024
6.4.4.2 Market estimates and forecasts by application, 2016 - 2024
6.4.5. India
6.4.5.1 Market estimates and forecasts by product, 2016 - 2024
6.4.5.2 Market estimates and forecasts by application, 2016 - 2024
6.5. Latin America
6.5.1. Market estimates and forecasts by product, 2016 - 2024
6.5.2. Market estimates and forecasts by application, 2016 - 2024
6.5.3. Brazil
6.5.3.1 Market estimates and forecasts by product, 2016 - 2024
6.5.3.2 Market estimates and forecasts by application, 2016 - 2024
6.5.4. Mexico
6.5.4.1 Market estimates and forecasts by product, 2016 - 2024
6.5.4.2 Market estimates and forecasts by application, 2016 - 2024
6.6. MEA
6.6.1. Market estimates and forecasts by product, 2016 - 2024
6.6.2. Market estimates and forecasts by application, 2016 - 2024
Chapter 7. Competitor Profiles
7.1. ConvenientPower
7.2. Energizer Holdings
7.3. Evatran LLC (Plugless Power)
7.4. GETPOWERPAD
7.5. Integrated Device Technology (IDT)
7.6. Leggett & Platt Inc.
7.7. MediaTek
7.8. Mojo Mobility
7.9. Murata Manufacturing
7.10. PowerbyProxi Ltd.
7.11. Powercast Corp.
7.12. Powermat Technologies
7.13. Qualcomm Incorporated
7.14. Texas Instruments
7.15. WiTricity Corporation
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