The global wireless chargers market is expected to reach USD 9.36 billion by 2020, growing at a CAGR of more than 33%, according to Technavio’s (www.technavio.com) latest report.
The research group says the growing awareness of wireless power technology among consumers and increased adoption of wireless charging for industrial applications and in the healthcare sector drive the wireless chargers market, especially in the US. The increased concentration of leading suppliers of wireless charger ICs like Integrated Device Technology (IDT), Intel, and Qualcomm is a growth factor in the country.
Also, original equipment manufacturers in the US like Duracell Powermat are investing heavily in R&D projects that include providing wireless charging pads in public places such as shopping malls, metro stations, and restaurants. In the consumer electronics segment, vendors like Apple, Google, and Microsoft are investing significantly in wireless charging techniques.
“Google’s parent company Alphabet has filed documents with the Federal Communications Commission for the testing of its wireless charging solution for its self-driven electric cars,” says Sunil Kumar Singh, a lead analyst at Technavio for embedded systems.
The increased focus of suppliers on developing wireless power charger ICs is the major factor contributing to the growth of the wireless chargers market in APAC. Various companies like Toshiba and Panasonic are developing ICs that are smaller and have higher energy-transfer efficiency. For instance, Toshiba’s IC model TB6865AFG is a transmitter that can generate power from 5W to 10W and supports Qi version 1.1.2 for single and double charging. Samsung has come up with a wireless charger that supports both WPC and AirFuel alliance.
