Summary

Market Overview
The global wireless charging market reached US$ YY million in 2021 and is expected to record significant growth by reaching up to US$ YY million by 2029, growing at a CAGR of 18.8% during the forecast period (2022-2029).
Wireless charging refers to moving electricity between two circuits by generating a magnetic field in the air. A device can be charged wirelessly without plugging into a power source by simply placing the phone or tablet on the charging pad. Wireless charging, which increases mobility, has recently attracted much interest from the manufacturing sector, particularly the smartphone sector. With Apple's introduction of wireless charging in its latest iPhone models, the technology is now more generally known and anticipated by both consumers and businesses. With technology becoming so convenient, it won't be long before wireless charging is the sole option for powering devices.
Market Dynamics
The global wireless charging market is projected to expand at a significant CAGR during the forecast period. The growing adoption of wireless charging in electronic devices and vehicles drives market growth. However, currently, limited freedom of movement and lack of proper standards tends to hinder market growth.
Market participants are advised to keep a keen eye on the latest trends and shift toward developing products to gain a competitive advantage in the existing Global Wireless Charging Market landscape.
Growing adoption of wireless charging in smart gadgets
Wireless power transmission technology, which may be further separated into low-power and high-power wireless charging, is the source of wireless charging technology. Electromagnetic induction is frequently used in low-power wireless charging, such as the Qi technique for charging mobile devices. Resonance from the power supply equipment is frequently used in high-power wireless charging to transfer energy to the gadget that needs electricity.
In the coming year, consumer demand for wireless charging is anticipated to increase as more and more phones on the market become wireless charging compatible or have built-in native capabilities for charging without cables. Additionally, the availability of wireless charging in public and commercial settings is expected to increase technological adoption. Wire-free charging is one way to have a neat organized workspace. More than ever, organizations need Qi charging stations due to the rise of open-concept offices.
Most wireless charging technologies are also widely available, making it possible for them to take the place of many different chargers and be used by several devices, including a phone, smartwatches and tablets. Additionally, a wide range of devices will likely become more inherently compliant with wireless charging and smartphone manufacturers, in particular, are expected to include this technology as a requirement in upcoming phone models. Therefore, the growing adoption of wireless charging in smart gadgets across households and workspaces boosts the demand for the global wireless charging market.
Advancements in wireless charging technologies
Invisible power field wireless charging, often known as iNPOFi, is a novel wireless charging technique. Its wireless charging series products utilize intelligent electric transmission wireless charging technology characterized by zero radiation, high power conversion efficiency and little thermal effect. iNPOFi intelligent non-radiation technology uses an electric field pulse mode to emit no radiation compared to other wireless charging methods currently in use. China Taier Laboratory's test results show that the radiation growth value is almost negligible. According to the Tyre laboratory, this technology's products have charge transfer efficiencies of up to 90% or more, which completely outperform the poor efficiencies of conventional wireless charging, reaching up to 70%. iNPOFi technology is effective, environmentally friendly, practical and affordable. According to related tests, the charging process produced no electromagnetic radiation and had a power conversion efficiency of 94.7%, comparable to wired charging. The charging device is compatible with a standard USB power supply and supports a low-voltage power supply.
Similarly, to attain a greater transmission distance, Wi-Po technology, also known as Wi-Po magnetic resonance wireless charging technology, creates a 6.78MHz resonant magnetic field using a high-frequency constant amplitude alternating magnetic field generator. The technology realizes communication control through Bluetooth 4.0, which is secure and dependable and can handle one-to-many synchronous communication. Additionally, it features functionality for over-temperature, over-voltage, over-current and foreign body detection. Energy won't be emitted like electromagnetic waves because the carrier in this technology is a space magnetic field. Thus the human body won't be exposed to radiation harm. Computers, smart wearables, phones, smart homes, medical equipment and electric cars are a few devices that can be wirelessly charged via Wi-Po magnetic resonance. Apart from the aforementioned technologies, newer technologies are developed to increase the efficiency and distance of charging.
As these two factors could increase the convenience and scope of wireless charging to a point where it goes head to toe with wired charging, the advancement in wireless charging technologies could be a potential market driver for the global wireless charging market.
The limited freedom of movement and lack of proper standards
Most wireless chargers, particularly those for portable devices, still require a connection at the current stage of technology. A power source must be connected to peripheral equipment like a charging pad. An exception is a power bank supplying a charge using induction charging. However, it is still true that using a power outlet limits one's freedom of movement at the current stage of technology.
Inductive charging technology is currently implemented using a variety of standards. For instance, the Open Dots Alliance's Open Dots standard, the Qi standard created by the Wireless Power Consortium and the Rezence standard from the Alliance for Wireless Power, among others. The existence of these standards denotes the fact that not all devices are compatible with inductive chargers. Since limitations in freedom of movement and lack of a common industry standard could limit the sales and demand for wireless charging products, the respective factors could be recognized as potential restraints for the global wireless charging market.
COVID-19 Impact Analysis
The utilization of wireless technology has undergone a seismic upheaval due to COVID-19. During the lockdown, everyone has turned to the internet for pleasure, education, communication and homework. In order to lessen the effects of the virus, nations are utilizing cutting-edge Internet of Things (IoT) solutions. It uses several technologies built into bands, wristbands and other consumer wireless devices, such as Bluetooth Low Energy (BLE), WiFi and Sigfox. Universities, workplaces and healthcare facilities now have far better access to this technology, allowing them to resume normalcy.
CTIA, the trade organization for U.S. wireless communications sector, indicates that network operators anticipate significant consumption growth by 2020. The data reveals a global trend that has been observed. A UK internet service provider claimed an almost tripling of its services during the lockdown and Nigeria recorded an 18.1% gain in the telecoms sector. Due to the requirement that consumers maintain a physical distance during the lockdown, many now rely on internet technologies for business, education and leisure.
The growing demand for such advanced technologies and their integration into people’s life, boosted by the pandemic, has increased the adoption of wireless charging in consumer electronics and automotive industries. The market is expected to rise further in the post-pandemic era as manufacturers return to full-scale manufacturing. Further, once the restriction caused by the COVID-19 pandemic on supply chains lifts, sales of raw materials and finished products witness a massive hike boosting the overall prospect of the global wireless charging market.
Segment Analysis
The global wireless charging market is classified based on technology, component, application and region.
Growing R&D investments and increasing industrial applications of wireless charging
Technology-based market segments for wireless charging include radio frequency, inductive and resonance. In induction technology, an alternating current at a specific frequency in the main coil causes electromagnetic induction to produce a specific current in the secondary coil, transporting energy from the transmitting end to the receiving end. The method of charging that is currently most popular is electromagnetic induction. Magnetic resonance is a wireless charging technology that can supply up to 11kW to objects that need a lot of electricity. With this wireless charging technique, one charger may be used to charge many devices. It is the most adaptable type of wireless charging and is utilized for gadgets like vacuum cleaners, laptops, computers and electric cars. The companies Energizer, WiTricity and Infineon offer magnetic resonance technology. Based on the magnetic resonance charging innovation created and patented by WiTricity, the China Electricity Council unveiled a set of national guidelines for wirelessly charging electric vehicles in May 2020.
While there are various wireless charging technologies, radiofrequency that relies on electromagnetic waves rather than induced magnetic fields dominate the market. Similar to how RF wireless charging uses frequencies to transmit power from wireless charging to the receiver, for instance, wi-fi uses frequencies to convey signals to computers and smartphones. The device's power source is transformed into electricity. Using a standard cord, any electrical gadget can be charged wirelessly using radio frequencies (RF). Companies are introducing RF-based contact-based and over-the-air wireless charging systems. For instance, WattUp is a scalable radio frequency-based solution that enables interoperable contact-based and over-the-air wireless charging for tiny electronic devices.
Geographical Analysis
The expansion of infrastructure increased acceptance of wireless devices, higher smartphone penetration and the Asia-Pacific's size as the largest customer base
The expansion of infrastructure increased acceptance of wireless devices, higher smartphone penetration and the region's size as the largest customer base are some of the reasons driving the growth of Asia-Pacific in the global wireless charging market. Additionally, many Asian nations are only beginning to introduce the electric automobile market, which will cause the region to expand tremendously during the projected time.
Competitive Landscape
In terms of global and local producer numbers and strengths, the global wireless charging market is extremely competitive and fragmented due to the presence of major players such as Qualcomm Technologies, Inc., Ubeam, Powermat, Integrated Device Technology, Inc., Powercast Corp, Samsung Electronics Co., Ltd., Semtech, Toshiba Electronic Devices and Storage Corporation, Witricity Corporation, Tdk Corporation. Further major market stakeholders use market tactics such as product launches, mergers, acquisitions, contributions and collaborations to gain a competitive advantage and recognition in their respective markets.
For instance, the parent firm of Mercedes-Benz, Daimler Inc, announced on November 19, 2021, that it has teamed up with Qualcomm Inc to offer wireless charging options for electric automobiles. In a joint statement, Qualcomm and Daimler said that wireless technology would be investigated for recharging electric vehicles and enabling plug-in hybrids to operate without ever requiring a plug.
Qualcomm Technologies, Inc.
Overview: Qualcomm is a global leader in developing and marketing key technologies and products used in mobile smartphones and other wireless products. The connect, compute and communicate (CC&C) businesses, which include network equipment, consumer electronics and broadband gateway equipment, were pioneered by Qualcomm. The company was established in 1985 and is headquartered in California, U.S. The company generated a revenue of US$ 33.6 billion in 2021.
Product Portfolio:
• WiPower: The WiPower technology, which uses directed and controlled magnetic fields, replaces conventional power connections. The transmitter generates a uniform magnetic field over its surface using one or more primary windings. A secondary winding gathers the magnetic energy in a magnetic field receiver, then converts it back into electrical energy. Without the need for control mechanisms or communication, the WiPower system dynamically adjusts the energy provided by the transmitter to the power needed by the receiver.
Key Development:
• Renesas Electronics Corporation, a leading provider of advanced semiconductor solutions and Qualcomm Technologies, Inc., a pioneer in wireless technologies, have expanded their ongoing collaboration to include 30W wireless charging capabilities for mid-range smartphones running on the most recent Qualcomm Snapdragon 780G 5G Mobile Platform, as of April 14, 2021. For the two firms, this is the second reference design for the high-power wireless charging of a smartphone.
Why Purchase the Report?
• To visualize the global wireless charging market segmentation based on technology, component, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global wireless charging market by analyzing trends and co-development.
• Excel data sheet with numerous data points of wireless charging market-level with four segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players
The global wireless charging market report would provide approximately 61 tables, 58 figures and almost 169 pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

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