Wiseguyreports.Com Adds “Wireless Charger Market to Grow at CAGR of 33% 2016 and Forecast to 2020” To Its Research Database.
This market report presents a comprehensive analysis of the wireless charger market by application (consumer electronics, automotive, and others), by technology (inductive coupling, magnetic resonance, and others), and by geography (the Americas, APAC, and EMEA). The key vendors identified in the market are Duracell Powermat, Fulton Innovation, WiTricity, and Qualcomm.
Outlook of the global wireless charger market
Technavio’s analyst predicts that the global wireless charger market is expected to grow exponentially with a CAGR of more than 33% during the forecast period. With the increasing adoption of wireless computing devices, the market for wireless chargers will have a positive outlook until the end of 2020. The various technology solutions available for wireless charging, such as inductive coupling and uncoupled connections, the wireless chargers will soon be replacing connectors for charging smartphones or electronic devices. Because of the exceptional growth potential of the market, governments are investing substantially in the development and standardization of the technology. For instance, Intel invested around $2.7 million in funding to Chargifi to develop wireless charging solutions for public venues like restaurants, cafes, and airports for mobile computing devices.
The integration of wireless charging solutions in automobiles is also expected to contribute to the market growth during the forecast period. Through the introduction of wireless charging pads in automobiles, the manufacturers are not restricted by the limitation of providing a single charging point in the vehicle. These charging pads can be installed in the upholstery of the vehicle so the end users can charge their mobile phones automatically. Furthermore, vehicles like Toyota Camry and Lexus NX are to be manufactured with wireless charging pads. This technology is expected to become prevalent in all vehicle segments until the end of 2020.
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Segmentation by application and analysis of the wireless charger market
- Consumer electronics
In 2015, the consumer electronics segment dominated the wireless charger market and is expected to reach nearly USD 4 billion by 2020. Factors like the rapid increase in the manufacture of consumer electronics such as tablets, smartphones, laptops, and wearable electronics will bolster the growth of this market segment during the forecast period.
Geographical segmentation and analysis of the wireless charger market
In this market report, the analysts have estimated the Americas to be the largest market share of wireless charger during the forecast period. Factors like the growing awareness of wireless power technology among consumers and increasing adoption of wireless charging for industrial applications in the US will propel the growth of this segment. Moreover, the US has the presence of leading suppliers of wireless charger ICs like Integrated Device Technology, Intel, and Qualcomm, which will further boost the market for wireless chargers in the region.
Competitive landscape and key vendors
As the global wireless charger market is still in the nascent stage, every vendor is trying to capitalize on the high growth potential of this market. With technological advancements and innovations, the competition among vendors is expected to intensify during the forecast period.
Key vendors in the market are -
- Duracell Powermat
- Fulton Innovation
Other prominent vendors in the market are Anker, Delphi Automotive, Energizer Holding, Kube Systems, LS Cable & System, Oregon Scientific, PowerbyProxi, Pure Energy Solutions, Samsung Electronics, Texas Instruments, Wisepower, and Leggett and Platt.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global wireless charger market?
- What are the key market trends impacting the growth of the global wireless charger market?
- What are the challenges to market growth?
- Who are the key vendors in the global wireless charger market?
- What are the market opportunities and threats faced by the vendors in the global wireless charger market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global wireless charger market?
Table of Content
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Average selling price (ASP) of wireless chargers
- Market size and forecast by revenue
- Market size and forecast by shipment
- Five forces analysis
PART 06: Market segmentation by application
- Segmentation of global wireless chargers market by application
PART 07: Market segmentation by technology
- Segmentation of global wireless chargers market by technology
PART 08: Geographical segmentation
PART 09: Market drivers
- Increased adoption of wireless computing devices
- Need for common charging platform
- Increased demand for hybrid/electric cars
- Growing demand for wearables
PART 10: Impact of drivers
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