Table of Contents
Wireless charging manufacturers are expected to reach economies of scale to offer the technology at a competitive price by 2016 or 2017. The perceived value also may improve with time. The smartphone market is the earliest adopter of wireless power charging technology, and is the largest revenue contributor to the global market. Other potential applications include consumer electronics (e.g., tools, lights, phones, headsets, and laptops), electric vehicles, and industrial uses. Wireless charging technology is expected to expand into these markets during the forecast period.
•The wireless power charging market in the xx watt segment is expected to witness a sea change during the study period of 2014 to 2020: while the sales volume is estimated to be growing at xx %, unit volume is likely to grow at a whopping xx %, marking a sharp decline in the unit price.
•It is likely that by 2017–18, wireless charging manufacturers may reach the economies of scale to offer competitive pricing; perceived value also may improve with time.
•Wireless charging technology opens the door for innovation in the complete digital and mobility ecosystem, be it mobile sleeves (equipped with wireless charging), workstations, coffee tables, mobile stands, private vehicles, or public transportation.
•Smartphones are the earliest adopters of wireless power charging technology, and are the major contributor to global wireless power charging market revenue. Consumer electronics (including tools, lights, phones, headsets, and laptops), electric vehicles (EVs), and industrial applications will follow.
•The major challenge is the technology adoption rate, which is caused by the high initial cost for manufacturers and, ultimately, consumers, and a lack of awareness.
•Charging pad manufacturers are trying to reach the market through various business partners including mobile phone manufacturers (Samsung), furniture companies (IKEA), and coffee shops (Starbucks).
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