Archive for April 16, 2017

Wireless Power Market Surges Forward in 2017

Posted in Commentary with tags on April 16, 2017 by itnerd

IHS Markit has announced that the market for wireless power and charging is expected to grow in 2017, with global  receiver shipments reaching 325 million units by year end. The market grew approximately 40 percent in 2016.

According to the new IHS Markit 2017 Wireless Power Tracker, mobile phones remain the primary driver for development of wireless power technology and mobile phones, laptops and wearable devices will drive receiver market growth. Receiver unit shipments are expected to climb this year as demand increases; OEMs make their decision on specifications; and the market moves towards glass-backed phones.

In 2016, the flagship Samsung handset made the biggest single contribution to enabled receiver shipments. Samsung’s decision to retain wireless charging on the Galaxy S7, and LG’s decision to add the technology to its new G6 device (U.S. model), were crucial for wireless charging technology. Apple is expected to follow suit later this year with its next iPhone, further boosting receiver shipments.

As more consumers start to own multiple wireless-charging devices, the need for multi-device chargers will increase. The multi-device transmitter market is expected to ship more 30 million units by 2026.

Transmitters designed for public infrastructure, such as those in the restaurant and hospitality sector, will see a boost in shipments in the next 10 years as new, enabled products in the mobile phone and laptop markets drive demand.

As more applications in consumer, industrial and medical markets adopt wireless power technology, IHS Markit expects market growth to be rapid.