Wearable Tech World Feature Article
January 22, 2015

Apple Watch Expected to Boost Mobile Charging Market Big Time

The global market for wireless power and charging devices is expected to explode in 2015, according to some rather prominent industry analysts. IHS Technology has actually said that this particular market is going to grow by more than 3,000 percent compared to 2014 and this massive amount of growth is going to be spurred by the eventual launch of the Apple Watch.

In total, the revenue for wireless power receivers and transmitters in wearable applications are expected to pass the $480 million this year. That number will be a rather massive growth from the $15 million last year. The growth from 2014 to 2014 appears to be just the tip of the iceberg. IHS says that the revenue numbers for this particular market will actually top $1 billion by the time we get to 2019.

“Growth this year will be remarkable for wireless charging in wearable electronic devices, even if in reality the overall penetration of wireless charging into wearables is relatively low given the billions of wearables  that are shipped into the consumer market every year,” Vicky Yussuff, analyst for wireless charging at IHS Technology said in a recent statement. Yussuff said that interest in this particular market is very, very high when it comes to wearable technology providers and this is the biggest reason why her company believes that market penetration is going to grow rather rapidly in the next five years.

The Apple Watch is the newest piece of wearable technology that is getting quite a bit of attention and this is the reason IHS believes portable and wireless chargers are going to get so much more popular. In total, the company believes that the Apple Watch will make up about 70 percent of the market when it comes to wireless charging capable devices. That massive amount of the market will actually drive the entire market and make it an incredibly lucrative one in 2015.

Edited by Maurice Nagle

Comments powered by Disqus

Featured Video

Dedicated to Wearable Tech: Mobile, Sports, Fitness, Audio, Fashion, Design

Featured Podcasts

The Business of Wearable Computing: An Interview with Brand Finance An interview with Edgar Baum, Managing Director North America with Brand Finance, the world’s leading brand valuation and strategy consultancy. Mr. Baum specializes in marketing ROI and financially quantified brand strategy.
Getting Attention for Your Wearables Joe Daniels of Loeb & Loeb discusses how wearable tech entrepreneurs can gain exposure for their ideas and what to do once they've won attention from potential investors.
Wearable Success Rides on Actionable Intelligence Lux Capital's Adam Goulburn focuses on the traits sought by investors as they consider wearable startups, such as how well their software turns collected data into actionable intelligence.
Wearable Tech Startup Strategy CRV's George Zachary talks wearable startups and how they can secure the attention of the right investors as the seek to become the next great thing in wearables.
How to Win the Wearable Tech Funding Game Donatella Giacometti speaks with Canary Ventures' Alex Goldberg about what the investment community looks for in startups, such as the many new wearable tech companies that are emerging.

Wearable Tech World Media Sponsors