Consumer Electronics Wireless Charging Market by Product, Technology, Device

Description

List of Tables

[189 Pages Report] The Consumer Electronics Wireless Charging Market size was estimated at USD 7.21 billion in 2023 and expected to reach USD 8.56 billion in 2024, at a CAGR 18.77% to reach USD 24.06 billion by 2030.

Consumer electronics wireless charging refers to the process of electrically charging battery-powered devices and equipment without needing a physically wired electrical connection. This technology enables the transfer of power through the air by utilizing electromagnetic fields to charge various consumer electronic devices more efficiently, such as smartphones and wearable devices. Growing penetration of smartphones and wearable devices globally, along with the rising consumer shift toward electric vehicles, boosts the innovations in wireless charging. However, the high cost of integrating wireless charging technology into devices can be prohibitive for manufacturers and consumers. In addition, the lack of standardized technologies leads to compatibility issues between devices and charging stations. Furthermore, continuous improvements in wireless charging technologies increase efficiency and compatibility and pose significant opportunities for market expansion.

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%

Product: Significance of transmitter IC & modules for power output capacity, efficiency, and multi-device charging capability

The receiver IC and modules are pivotal within the wireless charging market. These components are embedded into smartphones, wearables, and earbuds, enabling them to receive power wirelessly from a charging pad or stand. The need for receiver ICs and modules has surged with the increasing adoption of wireless charging in consumer electronics. Transmitter ICs and modules form the backbone of the wireless charging transmitter systems. These components are integrated into charging pads or stands and generate an electromagnetic field to transfer power wirelessly to a receiver. Transmitter systems comprise the physical products consumers use to charge their devices wirelessly. This includes charging pads, stands, and built-in solutions in furniture and vehicles. The design, user interface, and functionalities of these systems significantly impact the consumer's charging experience.

Device: Increasing demand from the medical sector for handheld medical devices

Wireless charging for laptops and tablets is still in its nascent stage, responding to the need for convenience and reduced cable clutter. Users seek seamless integration between their work and lifestyle gadgets, emphasizing the need for longer battery life and shorter charging times. In the medical sector, wireless charging offers the critical benefit of maintaining sterile conditions and reducing the risks associated with connectors and cables. Medical devices, including wearable sensors and small diagnostic equipment, are increasingly adopting wireless charging to ensure reliability and hygiene. Smartphones represent the most mature segment in the wireless charging market. Consumer demand for convenience and the aesthetic appeal of wireless chargers drive growth in this sector. Wearable devices, including smartwatches, fitness trackers, and earbuds, prioritize compact design and convenience, making wireless charging an ideal solution. The integration of wireless charging helps users manage fewer cables and enjoy faster, hassle-free charging solutions.

Regional Insights

In the Americas encompassing the United States & Canada, the proliferation of high-end smartphones and wearable devices has catalyzed the demand for wireless charging. Consumers prioritize convenience and are increasingly inclined toward products integrating Qi-standard chargers. Investment in wireless charging infrastructure, particularly in public spaces and automotive, signifies a robust growth trajectory. Stringent environmental regulations and a high degree of technological adoption drive the European Union market for wireless charging. Investments are geared towards innovative charging solutions for electric vehicles (EVs), underpinning the shift towards sustainability. Customer purchasing behavior leans towards devices that offer convenience and sustainability and are from brands committed to reducing carbon footprints. With a surge in luxury and tech-savvy consumer segments, the Middle East is keenly interested in advanced technologies, including wireless charging for consumer electronics and automotive. In the APAC region, China and Japan's market for wireless charging technology is buoyed by its massive manufacturing base and burgeoning consumer electronics segment. Government initiatives encouraging wireless charging applications, especially in public transportation and electric vehicle sectors, alongside impressive R&D efforts, place these countries at the forefront of wireless charging innovation.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Consumer Electronics Wireless Charging Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Consumer Electronics Wireless Charging Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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:

Product
- Receiver IC & Modules
- Transmitter IC & Modules
- Transmitter Systems

Technology
- Inductive
- Radio Frequency
- Resonant

Device
- Laptops & Tablets
- Medical Devices
- Smartphones
- Wearable Devices

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Consumer Electronics Wireless Charging Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Consumer Electronics Wireless Charging Market?

3. What are the technology trends and regulatory frameworks in the Consumer Electronics Wireless Charging Market?

4. What is the market share of the leading vendors in the Consumer Electronics Wireless Charging Market?

5. Which modes and strategic moves are suitable for entering the Consumer Electronics Wireless Charging Market?

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. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

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

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio