The Asia-Pacific wireless charging market is expected to make progress with a CAGR of 27.04% in terms of revenue throughout the projected period 2019-2028.
The countries studied in this market include:
• Japan
• China
• India
• South Korea
• Australia & New Zealand
• Taiwan
• ASEAN countries
• Rest of APAC
China has witnessed a rapidly growing demand for consumer electronics over the last ten years. E-commerce portals are gaining immense popularity in the country, and thus, consumers are largely purchasing products such as laptops, smartphones, and tablets, online. This has pushed several manufacturers to focus on developing wireless charging technology for consumer electronic products. June 2018 saw Xiaomi launch two new mousepads, the Mi Smart Mouse Pad and the Xiaomi Mi Mouse Pad, in the country. These were designed specifically for gaming purposes, and equipped features like wireless charging. These developments show that China’s wireless charging market is on a growth path.
Japan is a key player in the global electric vehicle market. However, the limited charging facilities are proving to be a restraining factor towards the development of electric vehicles in the country. In addition, researchers at the University of Tokyo have developed wireless charging technology, that enables in-wheel motors to receive charge while being driven on a charging lane or sections of roads embedded with power transmission coils. Using wireless charging for EVs eliminates the need to use heavy and large batteries for long-distance travel. This has propelled the demand for wireless charging in Japan. The surging demand will lead to the growth of the Japanese wireless charging market during the forecast period.
ConvenientPower HK Limited is engaged in designing and developing convenient wireless power technologies for its consumer base. Founded in the year 2006 with its headquarters in Hong Kong, the company has a 14-year experience in developing wireless power products. Its products find applications in consumer electronics, wearables, and automotive, among others. Apart from Hong Kong, ConvenientPower has its offices in Chengdu and Shenzhen.
The top key players in the wireless charging market are Powermat, Belkin International Inc, Semtech, Aircharge, Samsung, Energous Corporation, WiTricity Corporation, TDK Corporation, Qualcomm Technologies Inc, Renesas Electronics Corporation (Integrated Device Technology Inc), ConvenientPower HK Limited, Infineon Technologies AG, Texas Instruments Incorporated, NuCurrent, and NXP Semiconductors.