PUBLISHED DATE : Oct 2018 | Pages : 179
Fill out your details & get your free sample
Embedded Wireless Charger Market Size, Share, & Trends Analysis Report by Technology (inductive and resonant), by End-users (public, corporates, transport, domestic, and other), Distribution Channel (aftermarket and OEM), and by Geography (APAC, Europe, North America, Latin America, and the Middle East & Africa). Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018–2023.
179 Pages
72 Tables
71 Charts
5 Regions
8 Countries
18 Companies
5 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE (REVENUE) | USD 4 BILLION (2023) |
| MARKET SIZE (UNITS) | 322 MILLION(2023) |
| CAGR | 34% (2018-2023) |
| Base Year | 2017 |
| Forecast Year | 2018-2023 |
| Market Segments | Technology (inductive and resonant), End-users (public, corporates, transport, domestic, and other), Distribution channel (aftermarket and OEM) |
| Geographic Analysis | APAC, Europe, North America, Latin America, and Middle East & Africa |
| Countries Covered | US, Canada, Germany, UK, France, China, Japan, and South Korea |
The growing integration of advanced features in these systems has led to the development of state-of-the-art infotainment systems and the need for in-car chargers in the global market. The growth in emerging regions, with ongoing industrialization, and international trade activity, especially in the BRICS countries, will create lucrative opportunities for leading vendors. The global embedded wireless charger market is expected to generate $4 billion by 2023, growing at a CAGR of 34% during 2017-2023. This market research report also offers market share analysis in terms of unit shipment volume during the forecast period.
The increasing penetration of smart wearable is fueling the growth of the global embedded wireless charger market. The rising demand for new product innovations and the use of smartphones, tablets, and other mobile devices are augmenting the development of the global market. Product innovations by tech giants such as Apple and Google are another factor driving this embedded wireless charger market worldwide.
The introduction of super-fast semiconductors, Bluetooth connectivity and touchscreens, and a wide variety of wearable smart tech products will encourage prominent players to develop superior products. Companies such as Fitbit, Apple, Xiaomi, Samsung, and Garmin dominated over 75% of the wearable market revenues. Smartwatches, wristbands, fitness trackers, smart clothing, smart eyewear, and other wearable products are the future of the wearable market. The development of sophisticated sensors, low-power radio chips, and communication technology for electronic products that offer real-time connectivity will boost the sales in the global embedded wireless charger market.
This market research report includes a detailed segmentation of the market by
The durability of inductive charging technology will drive the demand in the global embedded wireless charger market.
The global embedded wireless charger market by technology is classified into inductive and resonant. The inductive technology segment dominated more than half of the market share in 2017, growing at a CAGR of more than 33% during the forecast period. Inductive charging uses electromagnetic technology to transfer energy and charge electronic devices wirelessly. This technology provides a protected charging facility and is associated with less risk of electrical faults such as short circuits.
The enhanced durability of these products is attributing to the growth of this segment in the global market. Inductive wireless charging stations are available in several public places such as airports, hotels and are embraced by several leading manufacturers in the global embedded wireless charger market. An inductive wireless charging pad can charge multiple devices compatible with inductive charging technology such as smartphones, smart wearables, tablets, notebooks, etc. Whereas, resonant charging allows movement of the electronic devices during charging and can charge at a distance up to 50mm high and across a wide surface area. Such benefits associated with resonant technology are fueling the demand for these products in the global market.
Adoption of smart technologies and IoT in the public sector to boost revenues in the global embedded wireless charger market
The end-user type segment in the global embedded wireless charger market is divided into public (restaurants, hotels, and airports & stations), corporates (workstations, and conference rooms & lobby), transport, domestic, and other. The public segment occupied more than 1/3rd of the total market share in 2017, growing at a CAGR of around 31% during the forecast period. The increasing number of hotels and restaurants and increasing adoption of smart technologies and IoT are the primary factors attributing to the development of this segment in the global market. The use of smart devices is leading the customers to demand on-the-go technology and prefer cordless devices and chargers in the market. The growing preference for convenience and ease will create lucrative opportunities for leading vendors in the global embedded wireless charger market. The continuous upgrades in technologies and enhanced infrastructures will drive innovative products in the worldwide market.
The growing popularity of smart wearable and incorporation of smart cities will encourage the adoption of state-of-the-art wireless technologies globally. Leading luxury car brands such as Mercedes, BMW, Lexus, Audi, and Toyota are installing wireless charging ports to attract a maximum number of consumers in the global market.
DIY options and online sales are contributing to the growth of the aftermarket channel in the global embedded wireless charger market
The distribution channel segment in the global embedded wireless charger market is categorized into aftermarket and OEM. The aftermarket segment occupied more than half of the total market share in 2017. The growing awareness, adoption of smart tech by hotels, restaurant, and café, and the increasing number of smartphone users are factors attributing to the growth of this channel in the global market. The growing number of DIY products and the increasing availability of these chargers online will boost the need for aftermarket services in the market. The introduction of a Qi-enabled wireless charger compatible with almost all the Qi-certified phones will add mileage to the aftermarket sales in the global embedded wireless charger market. Moreover, the need for infrastructural upgrades with the latest technology and consumer demands will augment development in this market segment over the next few years. The rising number of premium brands such as Toyota, BMW, Audi, Mercedes, KIA Motors, and Jeep with car models that have built-in charging units boost sales in the OEM segment in the global market.
Infrastructural upgrades in North America to revolutionize the global embedded wireless charger market
The global embedded wireless charger market by geography is segmented into APAC, Europe, North America, Latin America, and MEA. North America dominated approximately half of the total market share in 2017, growing at a CAGR of around 30% during the forecast period. The increasing investment for infrastructural development in the communications, road and rail, transport, schools, and hospital sectors is propelling the growth of this region in the global market. The increasing usage of smart devices, the growing dual household working for population, and increasing out-of-home dining and coffee demand are fueling the development of the North American market. The introduction of innovative products in public places will increase the footfalls and sales of the outlets in North America and boost revenues in the global embedded wireless charger market.
The development of the automotive cockpit electronics sector in various Asian countries such as China, Japan, South Korea, and India will propel the growth of the market in this region. The increasing demand for electric vehicles in the European market remains one of the major driving forces of the market growth.
The global embedded wireless charger market is witnessing intense competition due to the presence of a few top players who are competing amongst them. The vendors are investing in continual innovations and upgrades to sustain the fierce competition in the market. The players are competing by continual innovations and advancements. The entrant of several other new companies will increase the level of competition in the global market. The introduction of many innovative and advanced solutions will enable vendors to gain a larger global embedded wireless charger market share. Additionally, vendors are distinguishing their products and service offerings through a clear and unique value proposition to attract new consumers in the global market.
By Technology
By End-User Type
By Distribution Channel
By Geography
Single User Licence
5 User Licence
Corporate Licence
Datasheet Licence
Fill out your details & get your free sample
"The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow."
Want to know more about the report or any specific requirement?
Click to Email +1-312-235-2040
