Market Revenue Wireless Charging Industry Revenue | Page 3

Hybrid electric vehicle market is anticipated to be a promising segment for the wireless charging market.
Additionally, it is expected to gain prominence over the forecast period in the consumer electronics industry
owing to the growing demand for laptops and smartphones. As of 2014, Asia Pacific contributed to
approximately 35% of the global revenue.
U.S emerged as the major regional market in North America on account of consumers’ growing inclination
towards spending more for powering options, particularly for tablets, laptops and smart devices. Untapped
markets such as Africa and Latin America are anticipated to experience a growing adoption of cordless charging
over the forecast period hence opening new avenues for wireless charging networks industry.
Competitive Market Share Insights
Key market players in this domain include Qualcomm, WiTricity Corporation, Integrated Device Technology (IDT)
and Power by Proxi. Latest developments by various companies include a new launch by Qualcomm in
November 2015 that showcases a wireless docking station 802.11ad WiGig dock that is coupled with
Snapdragon 820 processor. This device has the potential to initiate power back up when docked on the station.
On the other hand, introduction of new charging techniques that support multiple applications such as
automotive, medical, consumer electronics and automotive simultaneously was developed by WiTricity.
Further, in December 2015, Qualcomm entered into an agreement with Efacec for Wireless Electric Vehicle
Charging (WEVC). It plans to provide powering alternatives for all-electric hybrid vehicles and plug-ins.
Market Segment:
Wireless Charging Technology Outlook (Revenue, USD Million, 2012 – 2022)
• Inductive
• Resonant
• RF
• Others
Wireless Charging Application Outlook (Revenue, USD Million, 2012 – 2022)
• Automotive
• Consumer Electronics
• Industrial
• Healthcare
• Defense
• Others