Wireless Charging Phone Market Report

Market Insights

"The global wireless charging phone market is projected to grow at a promising CAGR of 24.5% during the forecast period."

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Wireless charging works by transferring energy from the charger to a receiver within the back of the phone via electromagnetic induction. The charger uses an coil to form an alternating elec-tromagnetic field, which the receiver coil within the phone converts into electricity to be fed into the battery.

Market Dynamics

Market Drivers

The rising use of the internet creates a charging problem for many smartphones, which can be resolved by using a fast-wireless RF energy base charger. Surging demand for efficient charging systems coupled with increasing sales of smartphones is likely to boost the market growth. For instance, smartphone shipments in India reached 150 million units while 5G smartphone shipments crossed four million units in 2020, which was mainly driven by high consumer demand post-lockdown. However, high cost is expected to hinder the industry growth.

COVID-19 Impact

The COVID-19 outbreak has moderately affected the wireless charging phone industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly. Consumer electronic and smartphone sales were heavily affected amid the pandemic, which impacted the product demand. Also, a decline in the production of mobile phones and chargers due to supply chain disruption further affected the product demand.

Segment's Analysis

Technology Trends

"The inductive segment accounted for the largest market share."

The wireless charging phone market is categorized into inductive, resonant, radiofrequency, and others. The inductive segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. Leading standards such as WPC and PMA are based on inductive technology. Resonant and radiofrequency are expected to emerge as the most lucrative technologies in the industry, further bolstering the segment growth. 

Regional Analysis

"North America accounted for the largest market share."

North American market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly attributed to the rising adoption of IoT-based devices in smartphones. Moreover, high standards of living, high internet penetration, robust smartphone sales, and the presence of large product manufacturers in the region, further proliferate the regional market growth.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Key Players

The following are the key players in the wireless charging phone market (arranged alphabetically).

• Energizer Holdings Inc. (US)
• Fulton Innovation LLC (US)
• Integrated Device Technology Inc. (US)
• Murata Manufacturing Co. Ltd. (Japan)
• Powermat Technologies Ltd. (Israel)
• Qualcomm Incorporated (US)
• Samsung Electronics Co. Ltd. (South Korea)
• Sony Corporation (Japan)
• Texas Instruments (US)
• WiTricity Corporation (US).

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The market is segmented into the following categories.

By Implementation Type

• Transmitters
• Receivers

By Technology Type

• Inductive
• Resonant
• Radio Frequency
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s wireless charging phone market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.