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Home / Press Releases / Power & Energy / Global Wireless Power Market Will See 86.5 Percent Annual Growth to Reach $4.5 Billion in 2016 Forecasts IMS Research
Press Releases
Global Wireless Power Market Will See 86.5 Percent Annual Growth to Reach $4.5 Billion in 2016 Forecasts IMS Research
Date: 15 August 2011
The global market for wireless power components and accessories will grow 86.5 percent annually to be worth $4.5 billion in 2016, up from just $100 million in 2010, as a myriad of companies clamor to capitalize on the smartphone explosion, according to IMS Research, the leading independent provider of market research and consultancy to the global electronics industry.
“From the beginning, different wireless power technologies haven’t played nicely with each other,” says Jason dePreaux, research manager at IMS Research. “While trailblazers Palm and Powermat both share similar inductive charging approaches, their products are incompatible with one another. Last year, the Wireless Power Consortium (WPC) unveiled its own standard called “Qi” which several big name mobile phone makers have begun to incorporate into recent products on an accessory basis.”
IMS Research expects battle lines for an industry standard to be drawn around two different implementations of wireless power. One camp comprises companies promoting tightly coupled wireless charging, which requires devices to be in close proximity to the charger. Both market leader Powermat and WPC’s Qi specification are examples of tightly coupled wireless charging.
The other camp, which includes the likes of Qualcomm and Witricity, use magnetic resonance which does not require the device and charger to be so close. However, no products utilizing loosely coupled charging techniques have been released to date and it still needs to undergo safety and emissions testing scrutiny.
“Ultimately, it will be self-defeating for the industry to continue to pursue non-interoperable standards long-term,” dePreaux adds. “Our forecast assumes that while competition will be fierce in the near term, a combination of market forces and industry alliances will coalesce to form a de facto standard for interoperability in the next several years.”
Ends
For more information please contact:
United States
Wes Rogers Tel: +1 912 506 0869 wrogers@greenfieldscommunications.com
Europe
Clive Savage Tel: +44 (0)207 378 3472 clive@greenfieldscommunications.com
About the Growing Potential for Wireless Power and Charging – 2011 Edition
The report, Growth Potential for Wireless Power and Charging – 2011 Edition, forecasts the penetration of wireless power in numerous devices including mobile phones, notebook PCs, tablet computers, electric vehicles and other applications. Based on interviews with wireless technology providers, component suppliers, and device OEMs, this second report edition is a detailed and unbiased market study of the opportunities and obstacles in the wireless power industry.
About IMS Research
IMS Research is a leading independent supplier of market research and consultancy to the global electronics industry, offering syndicated market studies, custom research and consultancy services. Clients include most of the household names in the industry. IMS Research has offices in Europe, the US, China, Taiwan, South Korea, and Japan. To find out more, contact IMS Research: enquiries@imsresearch.com; T: +44 (0) 1933 402255; http://imsresearch.com
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