Consumer Electronics Wireless Charging Market by Product, Technology, Device

Description

List of Tables

The Consumer Electronics Wireless Charging Market was valued at USD 7.21 billion in 2023, expected to reach USD 8.56 billion in 2024, and is projected to grow at a CAGR of 18.77%, to USD 24.06 billion by 2030.

The consumer electronics wireless charging market encompasses technologies that facilitate power transfer without the need for direct cable connections, primarily using inductive, resonant, or radio frequency methods. This sector has gained traction due to the increasing demand for convenience, reducing cable clutter, and the accelerated adoption of smart devices, wearable tech, and IoT. The necessity of wireless charging lies in its capability to offer seamless charging solutions, thus enhancing device usability and longevity by mitigating the wear and tear associated with conventional charging connectors. The application scope is broad, spanning smartphones, tablets, laptops, wearables, and even electric vehicles. End-users range from individual consumers to corporate settings and industries such as healthcare and automotive, which demand efficient power systems for continuous operation.

KEY MARKET STATISTICS
Base Year [2023]	USD 7.21 billion
Estimated Year [2024]	USD 8.56 billion
Forecast Year [2030]	USD 24.06 billion
CAGR (%)	18.77%

Key growth drivers include technological advancements offering higher charging speeds and efficiency, coupled with the expansion of wireless charging infrastructure in public spaces. The prevalent adoption of standards like Qi, expanding consumer awareness, and the integration of wireless charging in electric vehicles present significant potential opportunities. Capitalizing on collaborations with public transportation systems and expanding availability in commercial venues are recommended strategies to harness these growth avenues. Limitations revolve around high costs of wireless charging pads, limited technology range requiring close proximity, and slower charging speeds compared to wired counterparts. Furthermore, compatibility issues across different device manufacturers challenge seamless integration.

Innovation and research should focus on enhancing charging speeds, increasing the charging distance range, and developing universally compatible solutions to reduce barriers. Exploring energy-efficient and sustainable charging technologies can also present a differentiator. The wireless charging market is dynamic, characterized by rapid technological advancements and growing consumer adoption. Businesses must stay agile, emphasizing continuous R&D and strategic partnerships to leverage this burgeoning market effectively. As standards evolve and integration rises, focusing on mitigating current limitations while pioneering innovative solutions will be crucial for securing a competitive edge.

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

The Consumer Electronics 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 across the globe
- Rising consumer shift toward electric vehicles
- Increasing requirements for more efficient and compact charging systems
Market Restraints
- High cost of technology for its integration and slower charging
Market Opportunities
- Growing investment in advanced & efficient charging infrastructure
- Ongoing technological advancements in wearable electronic device
Market Challenges
- Compatibility issues with the consumer electronics wireless charging

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

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Consumer Electronics 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 Consumer Electronics Wireless Charging Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Consumer Electronics 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 Consumer Electronics Wireless Charging Market

A detailed market share analysis in the Consumer Electronics 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 Consumer Electronics Wireless Charging Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Consumer Electronics 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.

Strategy Analysis & Recommendation: Charting a Path to Success in the Consumer Electronics Wireless Charging Market

A strategic analysis of the Consumer Electronics Wireless Charging Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Consumer Electronics Wireless Charging Market, highlighting leading vendors and their innovative profiles. These include Aira, Inc., Anker Innovations, Eggtronic Engineering S.p.A., Electreon Wireless Ltd., Energizer Holdings, Inc., Energous Corp., Fulton Innovation LLC, Guangzhou Guan Su Ge Technology Co., Ltd., Huanyu Electronics Industrial Co., Limited, Murata Manufacturing Co., Ltd., Ossia Inc., Panasonic Holdings Corporation, Powermat Technologies Ltd., PULS GmbH, Qualcomm Inc., Renesas Electronics Corporation, Resonant Link, Samsung Electronics Co., Ltd., Sony Corporation, Texas Instruments Incorporated, Waprsolution Co.,Ltd., Wi-Charge, WiBotic, Wireless Power Consortium, Inc., and WiTricity Corporation.

Market Segmentation & Coverage

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

Based on Product, market is studied across Receiver IC & Modules, Transmitter IC & Modules, and Transmitter Systems.
Based on Technology, market is studied across Inductive, Radio Frequency, and Resonant.
Based on Device, market is studied across Laptops & Tablets, Medical Devices, Smartphones, and Wearable Devices.
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-43539E5D3231

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 across the globe
  - 5.1.1.2. Rising consumer shift toward electric vehicles
  - 5.1.1.3. Increasing requirements for more efficient and compact charging systems
- 5.1.2. Restraints
  - 5.1.2.1. High cost of technology for its integration and slower charging
- 5.1.3. Opportunities
  - 5.1.3.1. Growing investment in advanced & efficient charging infrastructure
  - 5.1.3.2. Ongoing technological advancements in wearable electronic device
- 5.1.4. Challenges
  - 5.1.4.1. Compatibility issues with the consumer electronics wireless charging
5.2. Market Segmentation Analysis
- 5.2.1. Product: Significance of transmitter IC & modules for power output capacity, efficiency, and multi-device charging capability
- 5.2.2. Device: Increasing demand from the medical sector for handheld medical devices
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. Consumer Electronics Wireless Charging Market, by Product

6.1. Introduction
6.2. Receiver IC & Modules
6.3. Transmitter IC & Modules
6.4. Transmitter Systems

7. Consumer Electronics Wireless Charging Market, by Technology

7.1. Introduction
7.2. Inductive
7.3. Radio Frequency
7.4. Resonant

8. Consumer Electronics Wireless Charging Market, by Device

8.1. Introduction
8.2. Laptops & Tablets
8.3. Medical Devices
8.4. Smartphones
8.5. Wearable Devices

9. Americas Consumer Electronics 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 Consumer Electronics 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 Consumer Electronics 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. Promate Announces Transparent Series Wireless Chargers for Android And iPhone
- 12.3.2. Belkin Unveils Next Generation Wired and Wireless Charging Products at CES 2024
- 12.3.3. Wi-Charge Joins Forces with Belkin to Apply its Over-the-Air Wireless Power Technology to Consumer Products
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Aira, Inc.
2. Anker Innovations
3. Eggtronic Engineering S.p.A.
4. Electreon Wireless Ltd.
5. Energizer Holdings, Inc.
6. Energous Corp.
7. Fulton Innovation LLC
8. Guangzhou Guan Su Ge Technology Co., Ltd.
9. Huanyu Electronics Industrial Co., Limited
10. Murata Manufacturing Co., Ltd.
11. Ossia Inc.
12. Panasonic Holdings Corporation
13. Powermat Technologies Ltd.
14. PULS GmbH
15. Qualcomm Inc.
16. Renesas Electronics Corporation
17. Resonant Link
18. Samsung Electronics Co., Ltd.
19. Sony Corporation
20. Texas Instruments Incorporated
21. Waprsolution Co.,Ltd.
22. Wi-Charge
23. WiBotic
24. Wireless Power Consortium, Inc.
25. WiTricity Corporation