Wireless charging technology is used for the transmission of electrical current between two objects without any physical connection. This electrical current is used to charge various devices such as wearable electronics, smartphones, or industrial equipment. The ease and convenience of using wireless charging technology has led to its growing demand. Wireless charging has eliminated the use of cables for charging, thereby providing a convenient way to charge electronic devices, wirelessly.
The companies involved in the development of wireless charging technologies are working towards developing a transmitter (Charger) and receiver. However, due to lack of standards pertaining to conformity, as the charger developed by one vendor is not able to transfer power to a receiver developed by another vendor. This is mainly due to compatibility issues between charger and receiver. Wireless Power Consortium (WPC), Alliance for Wireless Power (A4WP), and Power Matters Alliance (PMA) are working towards the development of standards to ensure conformity. Earlier these associations were developing a standard based on the different types of technology used in this market. However, recently Alliance for Wireless Power (A4WP) and Power Matters Alliance (PMA) have come together, so as to develop standards based on magnetic induction. Magnetic induction has the capability to charge the electronic devices efficiently and effectively, and doesn't require the device to be in the line of transfer of power. These standards for wireless charging technology are expected to be released by 2015.
The key players in the wireless charging technology market include ConvenientPower HK Ltd. (Hong Kong), Energizer Holding, Inc. (U.S.), Integrated Device Technology Inc. (U.S.), Leggett and Platt Inc. (U.S.), Murata Manufacturing Co. Ltd. (Japan), PowerbyProxi Ltd. (New Zealand), Powermat Technologies Ltd. (Israel), Qualcomm Incorporated (U.S.), Texas Instruments Incorporated (U.S.), and WiTricity Corporation (U.S.). These companies operate globally and utilize wireless charging technology related products and services for various applications. This report covers the competitive landscape of these players, which includes their key growth strategies and recent developments.
This report describes the value chain for the wireless charging market, by considering all the major stakeholders in the market and their respective roles, for this analysis. The report also provides a detailed study of the Porter's Five Forces analysis of the market. All the five major factors in these markets have been quantified using internal key parameters, governing the same.
This research report categorizes the wireless charging market based on technology, transmission range, applications, and geographies.
The wireless charging market has been segmented on the basis of the induction, radiation, and other technologies. Other technologies include laser based and radio frequency based transfer of power.
The wireless charging market has been segmented on the basis of range up-to which a charger can charge the electronics device; this includes short range, mid-range, and long range.
The wireless charger market has been further segmented based on applications. This includes consumer electronics, defense, healthcare, automotive, industrial, and other applications. Other applications include logistics and aerospace. The charger segment has been further segmented to one device charger, two device chargers, and multiple device chargers.
Geographically, the market is covered by North America (U.S., Canada, and Mexico), Europe (Germany, U.K., Sweden, The Netherland, France, Russia, and others), APAC (China, India, Japan, Australia, and Others), and Rest of the World (South America, Middle East, and Africa).
The report analyzes the market, with regards to the market drivers, trends, opportunities, key players, and competitive outlook. This report also provides market tables for the various sub-segments. Furthermore, it profiles ten companies, including their overview, products and services, financials, strategy, SWOT analysis, and recent developments.
Wireless Charging Market (2013-2020)