Wireless Charging Market by Technology, Implementation, Application

List of Tables

The Wireless Charging Market was valued at USD 22.51 billion in 2023, expected to reach USD 25.45 billion in 2024, and is projected to grow at a CAGR of 13.60%, to USD 54.98 billion by 2030.

The wireless charging market represents a transformative shift in how energy is transferred to power devices, eliminating the need for physical cables. This technology is especially necessary for consumer electronics, fostering convenience and decluttering spaces. While its application spans across various sectors including smartphones, electric vehicles, medical devices, and industrial tools, the primary end-users are individual consumers, automotive manufacturers, and healthcare institutions. Growth in this market is predominantly influenced by increasing adoption of smartphones, advancements in electric vehicle infrastructure, and the growing wearables market. Additionally, the convenience of usage and the reduction of mechanical failure points are driving demand further. However, potential challenges include the high cost of infrastructure development, slower charging speeds compared to wired alternatives, and compatibility issues across different devices and manufacturers. Emerging opportunities lie in the integration of wireless charging with IoT devices and the development of long-range wireless power transfer, addressing some current limitations. Recommendations include investing in R&D for enhancing efficiency and interoperability, partnerships with OEMs, and exploring regulatory incentives to promote standardization. Despite promising opportunities, the market grapples with technical barriers such as limited energy transfer distance and efficiency drops over air gaps or through varied materials, which are significant hurdles. Innovations focusing on magnetic resonance and RF energy harvesting offer potential pathways for overcoming these issues. R&D in these areas is likely to yield breakthroughs in enhancing power transmission range and efficiency. Overall, while the wireless charging market promises significant benefits in terms of convenience and usability, it requires concerted efforts in technology development, global standardization, and strategic collaborations to realize its full potential. Addressing these barriers will be essential for businesses aiming to capitalize on the market's upward trajectory.

KEY MARKET STATISTICS
Base Year [2023]	USD 22.51 billion
Estimated Year [2024]	USD 25.45 billion
Forecast Year [2030]	USD 54.98 billion
CAGR (%)	13.60%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Wireless Charging Market

The Wireless Charging Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing penetration of smartphones and wearable devices worldwide
- Rising consumer shift toward electric vehicles
- Need for simultaneous charging of multiple devices
Market Restraints
- High costs of wireless charging technologies
Market Opportunities
- Introduction of new wireless charging technology in warehouse logistics
- Surge in demand for implantable medical devices
Market Challenges
- Compatibility and durability issues of wireless charging solutions

Porter's Five Forces: A Strategic Tool for Navigating the Wireless Charging Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Wireless Charging Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Wireless Charging Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Wireless Charging Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Wireless Charging Market

A detailed market share analysis in the Wireless Charging Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Wireless Charging Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Wireless Charging Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Key Company Profiles

The report delves into recent significant developments in the Wireless Charging Market, highlighting leading vendors and their innovative profiles. These include Samsung Electronics Co., Ltd., Sony Group Corporation, Wiferion GmbH by PULS GmbH, Renesas Electronics Corporation, energysquare SAS, Powercast Corporation, Panasonic Holdings Corporation, LG Electronics Inc., Metaboards, Analog Devices, Inc., B&PLUS KK by Balluff GmbH, TDK Corporation, Powermat Technologies Ltd., NXP Semiconductors N.V, Resonant Link, Inc., WiBotic Inc., Robert Bosch GmbH, Energizer Holdings, Inc., Laird Technologies, Inc., Yank Technologies, Inc., Belkin, Ossia Inc., Skyworks Solutions, Inc., DAIHEN Corporation, Murata Manufacturing Co., Ltd., Abracon LLC, Infineon Technologies AG, ZENS Consumer BV, Apple Inc., Semtech Corporation, Plugless Power LLC, WiTricity Corporation, Delta Electronics, Inc., Texas Instruments Incorporated, STMicroelectronics N.V., In2power NV, Hon Hai Precision Industry Co. Ltd., and Anker Innovations Technology Co., Ltd.

Market Segmentation & Coverage

This research report categorizes the Wireless Charging Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Technology, market is studied across Inductive, Radio Frequency, and Resonant.
Based on Implementation, market is studied across Receivers and Transmitters.
Based on Application, market is studied across Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, and Industrial.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-5A2C6AA65CBA

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing penetration of smartphones and wearable devices worldwide
  - 5.1.1.2. Rising consumer shift toward electric vehicles
  - 5.1.1.3. Need for simultaneous charging of multiple devices
- 5.1.2. Restraints
  - 5.1.2.1. High costs of wireless charging technologies
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of new wireless charging technology in warehouse logistics
  - 5.1.3.2. Surge in demand for implantable medical devices
- 5.1.4. Challenges
  - 5.1.4.1. Compatibility and durability issues of wireless charging solutions
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Rising preference for inductive charging for small-frequency devices
- 5.2.2. Implementation: Advanced transceivers with Qi-standard to improve charging capacities
- 5.2.3. Application: Exponential use of electric vehicles powered by wireless charging solutions
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Wireless Charging Market, by Technology

6.1. Introduction
6.2. Inductive
6.3. Radio Frequency
6.4. Resonant

7. Wireless Charging Market, by Implementation

7.1. Introduction
7.2. Receivers
7.3. Transmitters

8. Wireless Charging Market, by Application

8.1. Introduction
8.2. Aerospace & Defense
8.3. Automotive
8.4. Consumer Electronics
8.5. Healthcare
8.6. Industrial

9. Americas Wireless Charging Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Wireless Charging Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Wireless Charging Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Tesla Sells Its Recently Purchased German Wireless Charging Startup Wiferion
- 12.3.2. Yank Technologies to Develop Wireless Charging Solutions for NASA's Autonomous Vehicles on the Moon
- 12.3.3. Powercast, Powermat Partner on Wireless Charging
- 12.3.4. WiBotic Introduces PowerPad Pro to Provide Wireless Charging, Data Transfer for Industrial UAVs
- 12.3.5. Delta Showcases New 30kW Wireless Charging System and Industrial Automation Solutions for Next-Generation Warehousing and Logistics
- 12.3.6. Renesas Presents Wireless Power Transmitter Technology for Portable Device Charging at ISSCC
- 12.3.7. 'Qi2' Next Generation Wireless Charging Standard Based on Apple's MagSafe Announced
- 12.3.8. Powercast Unveils CES Award Winning Ubiquity Low-Cost RF Power Transmitter to Bring Convenient Over-the-Air Wireless Charging into Homes
- 12.3.9. BizLink and Energysquare Form Partnership to Bring Multi-Device Wireless Charging Solutions to Market Utilizing Power by Contact Technology
- 12.3.10. Sony's PS5 Controller Could come with Wireless Charging Support
- 12.3.11. Powermat Launches an Innovative Wireless Power Solution Designed for Small IoT Devices
- 12.3.12. LG to Sell its in-car Handset Wireless Charging Business to BH

Companies Mentioned

1. Samsung Electronics Co., Ltd.
2. Sony Group Corporation
3. Wiferion GmbH by PULS GmbH
4. Renesas Electronics Corporation
5. energysquare SAS
6. Powercast Corporation
7. Panasonic Holdings Corporation
8. LG Electronics Inc.
9. Metaboards
10. Analog Devices, Inc.
11. B&PLUS KK by Balluff GmbH
12. TDK Corporation
13. Powermat Technologies Ltd.
14. NXP Semiconductors N.V
15. Resonant Link, Inc.
16. WiBotic Inc.
17. Robert Bosch GmbH
18. Energizer Holdings, Inc.
19. Laird Technologies, Inc.
20. Yank Technologies, Inc.
21. Belkin
22. Ossia Inc.
23. Skyworks Solutions, Inc.
24. DAIHEN Corporation
25. Murata Manufacturing Co., Ltd.
26. Abracon LLC
27. Infineon Technologies AG
28. ZENS Consumer BV
29. Apple Inc.
30. Semtech Corporation
31. Plugless Power LLC
32. WiTricity Corporation
33. Delta Electronics, Inc.
34. Texas Instruments Incorporated
35. STMicroelectronics N.V.
36. In2power NV
37. Hon Hai Precision Industry Co. Ltd.
38. Anker Innovations Technology Co., Ltd