Wireless Charging Market Size and Share, Trends and Growth to 2022: Hexa Reports

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Wireless Charging Market Share, Size, Trends and Growth,
By Product Analysis, Application and Segment Forecasts To

The global wireless charging market size is expected to reach USD 22.25 billion by 2022, according to a
new study by Grand View Research, Inc.
Shift towards charging pads to avoid the hassles caused by entangling of wires, malfunctioning ports
after constant usage, and electric sockets’ scarcity in public places are some of the factors responsible
for wireless power’s increasing popularity. Emerging adopters of this technology such as healthcare and
military are expected to open new avenues for industry growth.
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Manufacturers and developers are expected to face certain issues to come up with solutions compatible
with the current wireless charging standards such as Wireless Power Consortium (WPC) and AirFuel
Alliance. Both these standards have significant amount of reputed members under them, with some
established players such as Broadcom, Qualcomm, and Samsung supporting both standards.

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Further key findings from the study suggest:
Inductive technology accounted for nearly 50% of the market share in 2014, which can be attributed to
high penetration of WPC’s Qi platform in consumer electronics as well as Electric Vehicles (EVs) using
inductive wireless power. Resonant and RF technologies are expected to gain prominence and
considerably capture inductive’s market share over the forecast period. Resonant technology facilitates
multi-device charging simultaneously, whereas RF technology is tailor-made for small devices such as
Consumer electronics contributed to over 60% of the overall revenue share in 2014 on account of high
adoption of this technology by smartphones and tablets. Healthcare is expected to...