How Is Consumer Electronics Industry Driving Wireless Charging Technology Demand?

In recent years, wireless charging technology providers, such as Samsung Electronics Co. Ltd., Integrated Device Technology Inc., Convenient Power HK Ltd., WiTricity Corporation, Powermat Technologies Ltd., Qualcomm Technologies Inc., NXP Semiconductors N.V., Texas Instruments Inc., and TDK Corporation, have focused on collaborations and product launches to expand their customer pool. 

For instance, in January 2021, Xiaomi Corporation launched Mi Air Charge technology to allow users to remotely charge electronic devices without any wireless or cable charging stand. Globally, North America dominated the wireless charging market in the preceding years due to the existence of umpteen market players, such as WiTricity Corporation, Qualcomm Technologies Inc., Plugless Power LLC, and Energizer Holdings Inc., burgeoning demand for medical devices, and rapid surge in the sales of consumer electronic products. 


At present, EV and medical device manufacturers of North America are heavily investing in wireless charging technologies to develop new and innovative chargers for their products. In the coming years, Asia-Pacific (APAC) will adopt a considerable volume of wireless chargers due to the escalating demand for consumer electronics, such as smartphones, laptops, smartwatches, gaming consoles, ear pods, and personal digital assistants (PDAs), and EVs in the region. 

For instance, the China Association of Automobile Manufacturers (CAAM) estimates that 186,000 electric cars and 140,000 electric commercial vehicles were sold in China in November 2020. Furthermore, the Society of Manufacturers of Electric Vehicles (SMEV) states that 155,400 EVs were sold in India in the financial year 2019–2020. Therefore, the booming EV sales and mounting demand for consumer electronics are expected to boost the adoption of wireless charging technology in the upcoming years.

This market research report provides a comprehensive overview of the market
  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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