Wireless Charging Of Mobile Devices Has A Market Potential Of $4.3B By 2014

April 5, 2011

The growth of mobile devices combined with the increasing consumer aggravation with different and often proprietary charging solutions for each device, is fueling an opportunity for wireless charging systems. The market for wireless charging systems will reach $4.3B in total market revenue by 2014, according to In-Stat.

While several different technologies are vying for market position, they all offer the benefits of charging mobile devices ranging from handsets to PCs simply by touching or being within proximity of a charging station. Another benefit is that many of these charging solutions can be hidden or seamlessly integrated into furniture or automobiles.

"Despite the long history of the various technologies, we are really just now beginning to see the true market potential for wireless charging solutions," says Jim McGregor, In-Stat's Chief Technology Strategist. "Like many other technology markets, it will start with add-on and third-party solutions. Eventually solutions will be integrated into many mobile electronics as the costs decrease and the demand increases. While still a fraction of the overall mobile device segment, wireless charging is just beginning to hit its stride in the market."

Recent Research by In-Stat found the following:

• Approximately 44% of survey respondents found current mobile charging solutions are an annoyance. Up to 40% are willing to pay $50 more for a wireless charging solution, depending on the mobile device.
• As with other technologies, prices are expected to degrade rapidly to about half of current pricing by 2014.
• 28.3% of survey respondents indicated a lack of standards as the most annoying issue in charging mobile devices.
• Early adopters of wireless charging will be users of niche devices.
• Tightly coupled inductive charging systems are expected to be the early market leader.
• Of the integrated charging solutions, over two thirds are expected to be in cars.

The research, Cut the Cord: Mobile Wireless Charging Systems Analysis and Forecast (#IN1004855WH), covers the worldwide market for wireless device charging systems. It includes:

• Analysis of the various wireless charging technologies
• Examination of market drivers and barriers
• Forecasts for wireless charging systems revenue by region through 2014
• Global forecasts for unit shipments of wireless charging system components, devices shipped with embedded receivers, and wireless charging systems embedded in infrastructure, through 2014
• Vendor profiles: Case-Mate, Fulton Innovation, Leggett & Platt, National Semiconductor, Powermat, Pure Energy Solutions, Palm, Qualcomm, Texas Instruments, WiPower, and WiTricity

For a free sample of the report and more information contact Elaine Potter, epotter@in-stat.com; (480) 483-4441.

To purchase it online, please visit: http://www.instat.com/catalog/wcatalogue.asp?id=66

The price is $3,495 (US).

This research is part of In-Stat's Mobile Devices service, which provides analysis and forecasts of the market for mobile communications and computing devices, including cell phones, smartphones, MIDs, tablets, mini-notes/netbooks, and notebooks.

About In-Stat
In-Stat's market intelligence combines technical, market and end-user research and database models to analyze the Mobile Internet and Digital Entertainment ecosystems. Our insights are derived from a deep understanding of technology impacts, nearly 30 years of history in research and consulting, and direct relationships with leading players in each of our core markets. In-Stat provides its research through reports, annual subscriptions, consulting and advisory services to inform critical decisions. Technology and semiconductor vendors, infrastructure and device manufacturers, service providers and media companies worldwide rely on partnerships with In-Stat's tenured, experienced staff and on our in-depth market intelligence to support critical business, product and technology decisions. For more information, visit www.in-stat.com.

SOURCE: In-Stat