IHS Markit Sees Wireless-Power Product Market Reaching 2.1B Units in 2023

Unit shipments of wireless-power receivers and transmitters for all applications and product segments grew 37 percent globally last year to 600 million units and will reach 2.1 billion in 2023, said IHS Markit. “Wireless power technology continues to evolve rapidly, with reach expanding beyond smartphones to wider applications and product segments.” Mobile phones were 71 percent of all wireless-power receivers shipped last year and are expected “to continue to drive this market over the next five years.” Smartphone OEMs are using wireless charging as a “market differentiator to promote flagship models,” but the feature is expected to “build” in more mid-priced devices, it said Wednesday.