Wireless Charging
Market
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2014– 2020
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Report
Description
Report Description
Wireless charging is the process of recharging batteries of electrical devices without using
physically connected electric cables. The communication between transmitter (power source)
and receiver (device) is generally by microwave or electromagnetic induction. With the
emergence of wireless chargeable devices, the need to carry multiple chargers for various
devices will become obsolete. Chargeable devices such as mobile phones, and tablets need to
be handier. Wireless charging technologies are revolutionizing the current electronic devices
market to meet the demand for more efficient, standardized, safe and portable power
recharging options.
Wireless charging is more applicable to charge smartphones, tablets and other small handheld
devices and wearable technologies. The obvious benefits associated with the use of wireless
charging includes efficiency of handling, protection from electric shocks, safe charging option for
devices that need to be waterproof, no need for maintenance of charging cables and associated
sockets. On the other hand, wireless charging technology is comparatively less efficient, slow,
and expensive. Most devices also radiate heat during the charging process.
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The global wireless charging market recently reported its development, due to continuous
updation in phones.
Report
Description
Report Description
The demand for sealed devices, increasing demand for power for devices and inconvenience
associated with carrying multiple chargers are the key drivers behind growth of wireless charging
technologies. The key restrains behind wireless charging are lack of standardization and
expensive infrastructure to pursue technological developments. Many advanced products are
still in experimental phase but on the other hand these products have a bright future
opportunity.
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Wireless charging can be broadly categorized into two types depending upon proximity of
distance between transmitter and receiver and range of devices. Further, these two types can be
sub-segmented into six sub categories such as radio charging, inductive charging and resonance
charging are included under proximity of distance between transmitter and receiver and high
range, mid-range and low range are included under range of devices. On the basis of application,
the global wireless charging market is segmented into consumer electronics, medical healthcare,
automobile & aerospace, defence and industrial automation. On the basis of geographical target
market, it is segmented into North America, Latin America, Asia Pacific, Japan, Western Europe,
Eastern Europe, and Middle East & Africa. Companies engaged in the development of wireless
charging technologies are in the process of resolving compatibility issues associated with charger
and charging points.
Report
Description
Report Description
Manufacturers of different handheld devices, prominently HTC, Nokia and LG, are already in the
process of manufacturing wireless chargeable smartphones and tablets. The market experts are
focusing on the development of standard wireless charging technology, which will be commonly
useful for the advanced devices of various applications such as medical, and semiconductors.
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Some of the global key players in the wireless charging market include Convenient Power HK
Ltd., Murata Manufacturing Co. Ltd., Integrated Device Technology, Inc., Texas Instruments, Inc.,
Duracell Power mat, Oregon Scientific, WiTricity Corporation and Energizer Holdings, Inc. Most
of these companies are interested to enter into the wireless charging market with the plan to
establish a brand name. The wireless charging market of North America appears to be
comparatively mature than Asian market, in terms of infrastructural development. Countries
with lower GDP may face economic issues to generate the demand. High price is one of the
major challenges of this market and it should be taken care of.
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