According to MIC, wireless charging products reached US$15.8 billion in 2014 - only a negligible part of the US$250 billion of smartphone sales.
"Nevertheless, with Apple and Samsung releasing new products supporting wireless charging, the worldwide wireless charging market is expected to surge in 2015," said Sagitta Pan, senior industry analyst with MIC.
Based on a high growth trajectory, MIC forecasts that the worldwide wireless charging market value will reach around US$2 billion in 2015 and US$7.9 billion in 2019. Shipments of wireless charging sets are projected to reach 30 million units in 2015, and will maintain a CAGR of over 60% for the next five years. Meanwhile, due to increasingly fierce competition, product ASP is anticipated to slide.
By segment, consumer electronics will continue to get a fat slice of the pie, representing over 95% of the wireless charging market until 2019. The industrial segment, including the automobile industry, will see a stronger growth than healthcare and national defense, albeit with a far smaller market value than consumer electronics, said MIC.
