After the wireless charging technology is installed on the iPhone 8 and iPhone X, the global wireless charging market has been activated. With the continuous breakthrough of the technical bottleneck of wireless charging solutions, wireless charging is expected to become the standard for smart phones, smart homes and even IoT devices. According to the data, the global wireless charging market has a market size of approximately US$3.4 billion in 2016 and is expected to grow to US$14 billion by 2022, with an average annual growth rate of 27%.
2016-2022 global wireless charging market size and forecast (unit: billion US dollars)
The wireless charging industry chain includes five major modules: solution design, power chip, magnetic material, transmission coil and module manufacturing. Among them, the magnetic material accounts for 21% of the total wireless charging cost, and accounts for more than 50% of the total material cost.