Wireless charging technology is one of the most emerging and disruptive mechanisms in the modern world.  Embedded wireless chargers have revolutionized the electronics industry and have brought a solution to messy wires. Chord-cutting is the new trend in the electronic and digital world. The rising demand for a portable charger that offers convenience is boosting the popularity and sales of these products in the global market. The rapid changes in lifestyle, improvement in the living conditions, high-spending sentiments, awareness of the latest technology, reduced insecurity, and greater confidence are some of the factors augmenting the growth of the embedded wireless chargers market. The growing adoption of smart tech such as smart devices, smart wearables, and other connected devices is expected to drive the growth of the global market. The growing need for comfort and convenience will encourage manufacturers to launch innovative products in the global market.

The embedded wireless chargers market is estimated to generate $4 billion by 2023, growing at a CAGR of more than 34% during 2017-2023. This market research report also offers market share analysis in terms of unit shipment volume during the forecast period.

The various end-users in the global market using embedded wireless chargers are discussed in detail:

·         Public

The growing number of hotels and restaurants coupled with the adoption of smart technologies and IoT is propelling the demand for embedded wireless chargers in the global market. The public sector consists of hotels, restaurants, and airports and stations. The growing preference of more on-the-go technology will encourage consumers to cut chord of their devices and chargers in the global market. The growing number of international tourist and to meet the tourist capacity either new airports are constructed, or old ones are upgraded with recent technologies and enhanced infrastructures in the market. The expansion of production capacities across emerging markets will contribute to the revenues in the market. The public sector in the embedded wireless chargers market is expected to grow at a CAGR of around 31% during the forecast period.

·         Transport

The increase in the electrification of vehicles, in the form of powertrain, infotainment, wireless charging, connected vehicles, safety systems, and electronics is the driving the need for embedded wireless chargers across the automotive industry.  The increasing adoption of high-end electronics that are used in advanced technologies such as collision avoidance systems, infotainment, connected systems, and drive-by-wire technologies will drive the demand for embedded wireless chargers in the global market. The growing cockpit electronics demand will indirectly fuel the demand for in-car wireless charging across the global market. The leading automotive manufacturers and electronics vendors are collaborating to offer superior products to attract a maximum number of consumers in the global market.The transport sector in the market is estimated to grow at a CAGR of over 32% during 2017-2023.

·         Corporates

The growing infrastructural investment coupled with smart offices and a rise in the working population will drive the demand for embedded wireless chargers in the corporate segment across the global market. Workstation is the largest consumers of this product in the global market, followed by the lobby and conference rooms. The development of IoT offers diverse opportunities across many industries, remaking the modern workplace and streamlining its operations and resulting in higher demand for embedded wireless chargers in the market. The use of smart devices, chord cutting, and fewer spaces, and more productivity are factors driving the growth of smart offices across the global market. Chargespot, and chargifi are some of the leading solution providers to offices and corporate worlds.The corporate sector in the market is projected to grow at a CAGR of more than 37% during the forecast period.

·         Domestic

The growing number smart home and home furniture with embedded wireless chargers will propel the growth of the global market. The smart home is a subset of wider consumer IoT ecosystem. The smart home devices market is still in its infancy and has witnessed considerable growth in the past few years. The increasing popularity of the smart home concept will fuel the demand for embedded wireless chargers in the global market. North America dominated this segment in the global market. The vendors are expanding their businesses to the APAC, MEA, and Latin America to attract new consumers in the market. The increase in the disposable income of the developing economies will boost the adoption of embedded wireless chargers in the market. The domestic sector in the market is anticipated to grow at a CAGR of around40% during 2017-2023.

·         Others

The rapid urbanization across various countries will drive the implementation of embedded wireless chargers in the global market. The other segment comprises of spas, saloons, government, hospitals, schools, defense, fitness centers, gyms, and stadiums. In Asia, the urbanization level was 50%, and the lowest urbanization was reported in Africa at 43% since most of the population still resides in rural regions with minimum amenities. Such exponential growth will drive the sales of embedded wireless chargers in the global market. The others sector in the market is anticipated to grow at a CAGR of more than 40% during the forecast period.

The leading vendors offering embedded wireless chargers in the global market are:

  • Powermat Technologies Ltd
  • Aircharge
  • Zens Group BV
  • U-way
  • Legrand
  • EazyCharge
  • Channel Well Technology (CWT)
  • Leggett & Platt
  • Wi-Charge
  • Mopar
  • Mojo Mobility
  • PowerSquare
  • UP-MFG
  • Energous
  • Kube Systems
  • Eggtronic
  • ChargeSpot
  • Samsung
  • Chargifi
Read: Embedded Wireless Charger Market - Global Outlook and Forecast 2018-2023

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