The First Edition analysis of the Wireless Charging Market is an in-depth analysis detailing the latest developments in this important emerging market. The wireless power charging IC market will see tremendous growth over the next five years, with a dollar market increasing from $284.3 million in 2015 to over $2.8 billion in 2020, a compounded annual growth rate (CAGR) of 58.7%. The wireless power charging market covered in this report is made up of both wireless charging receiver ICs and transmitter ICs. But the longer-term market growth is still uncertain.
“While wireless charging is rapidly gaining market share, its continued success and the final size of the wireless charging market is still to be determined,” stated Richard Ruiz, analyst and author of this report. “There are a number of significant factors that could derail this emerging market including the continued uncertainty of the standards environment, especially the on-going development of a new standard by IEEE and the uncertainty regarding the efficacy of wireless charging relative to energy efficiency standards such as the California Energy Commission (CEC), Level V, that mandates ac adapters meet a minimum efficiency of 85%. It remains to be seen if wireless charging technology can meet this requirement. For these and other reasons, wireless charging is not a ‘done deal’,” Ruiz concluded. The elimination of the need to maintain multiple external power supplies, one for each electronic device, has long been a goal for both the consumers and manufacturers of consumer electronics equipment and over the past several years there have been a number of developments moving the industry towards this goal. In the medium- and longer-terms, the differing growth rates for transmitters and receivers will have a significant impact on the opportunities for companies offering wireless charging. For example, in 2015, the receiver units market is over three times as large and by 2020 it is almost five times larger. This spread will continue to grow as both markets approach different saturation levels and different long-term growth rates.
Additional forecasts in this report include both low and medium power receiver and transmitter ICs for both Wireless Power Consortium Qi technology and A4WP technology. Driven by the large mobile phone market, over the forecast period the receiver IC market is projected to be dominated by Qi technology, while the transmitter IC market will have a higher percentage of A4WP technology. For the purpose of this report, the A4WP and PMA products have been combined.
Among the additional areas to watch are advances in IC technology, in particular advanced semiconductor developments which are moving towards circuits with dual-mode wireless power capability, components and materials, and advances in digital power technology. Also important to observe are a number of long-term alliances and partnerships as well as developments in standards and regulations, efficiency and standby power requirements and the clear long-term shift from first generation (tightly-coupled) to second-generation (flexibly-coupled) wireless power transfer technologies.
Wireless Charging ICs Market Report
This 106-page report contains over 45 tables, graphs and illustrations covering the wireless charging market, including a market share for key suppliers. The focus of this comprehensive analysis is to provide decision makers and manufacturers and operations with a detailed and insightful look at the current and future opportunities available in the wireless charger IC market. Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site.
View the report: “Wireless Charging Technology: Receiver and Transmitter ICs Worldwide Forecasts“.