Consumer Electronics Wireless Charging Market by Product (Receiver IC & Modules, Transmitter IC & Modules, Transmitter Systems), Technology (Inductive, Radio Frequency, Resonant), Device - Global Forecast 2024-2030

Consumer Electronics Wireless Charging Market by Product (Receiver IC & Modules, Transmitter IC & Modules, Transmitter Systems), Technology (Inductive, Radio Frequency, Resonant), Device - Global Forecast 2024-2030

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.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Consumer Electronics Wireless Charging Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing penetration of smartphones and wearable devices across the globe
Rising consumer shift toward electric vehicles
Increasing requirements for more efficient and compact charging systems

Market Restraints

High cost of technology for its integration and slower charging

Market Opportunities

Growing investment in advanced & efficient charging infrastructure
Ongoing technological advancements in wearable electronic device

Market Challenges

Compatibility issues with the consumer electronics wireless charging

Market Segmentation Analysis

Product: Significance of transmitter IC & modules for power output capacity, efficiency, and multi-device charging capability
Device: Increasing demand from the medical sector for handheld medical devices

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Consumer Electronics Wireless Charging Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Consumer Electronics Wireless Charging Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Promate Announces Transparent Series Wireless Chargers for Android And iPhone

Promate unveiled its innovation in consumer electronics wireless charging, the Transparent Series, in collaboration with Amazon. This series comprises the AuraFold, TransFold, and MagRing products, all employing MagSafe technology to deliver compatibility across all mobile phones, including iPhones.

Belkin Unveils Next Generation Wired and Wireless Charging Products at CES 2024

Belkin International, Inc. introduced four cutting-edge products in its mobile power and connectivity lineup. Belkin's latest offerings harness the power of the new Qi2 standard, ensuring faster and more dependable wireless charging that is not only capable of delivering high power to charge laptops and other devices efficiently but is also remarkably compact, signaling a significant advancement in charger design and sustainability efforts.

Wi-Charge Joins Forces with Belkin to Apply its Over-the-Air Wireless Power Technology to Consumer Products

Wi-Charge joined forces with consumer electronics giant Belkin to enhance customer charging experiences, emphasizing the shift towards a wireless future. This partnership focuses on integrating Wi-Charge's innovative over-the-air charging technology, acclaimed for its safety, eco-friendliness, and regulatory compliance, into Belkin's forthcoming products.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Consumer Electronics Wireless Charging Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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

Please Note: PDF & Excel + Online Access - 1 Year