DUBLIN--(BUSINESS WIRE)--The "Global Consumer Electronics Wireless Charging Market by Product (Receiver IC & Modules, Transmitter IC & Modules, Transmitter Systems), Technology (Inductive, Radio Frequency, Resonant), Device - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Consumer Electronics Wireless Charging Market grew from USD 7.21 billion in 2023 to USD 8.56 billion in 2024. It is expected to continue growing at a CAGR of 18.77%, reaching USD 24.06 billion by 2030.
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.
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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $8.56 Billion |
| Forecasted Market Value (USD) by 2030 | $24.06 Billion |
| Compound Annual Growth Rate | 18.7% |
| Regions Covered | Global |
Market Dynamics
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 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
Industry Insights
- Market Disruption Analysis
- Porter's Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
Key Company Profiles
- 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.
- WiTricity Corporation
Market Segmentation & Coverage
Product
- Receiver IC & Modules
- Transmitter IC & Modules
- Transmitter Systems
Technology
- Inductive
- Radio Frequency
- Resonant
Device
- Laptops & Tablets
- Medical Devices
- Smartphones
- Wearable Devices
For more information about this report visit https://www.researchandmarkets.com/r/xsovz2
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