Wireless Power for Mobile Devices Will Reach $5 Billion in Market Value by 2020, Forecasts Pike Research

  Wireless Power for Mobile Devices Will Reach $5 Billion in Market Value by
  2020, Forecasts Pike Research

Business Wire

BOULDER, Colo. -- November 16, 2012

The ease and convenience of transmitting power via plug-free and, in many
cases, contactless charging is fueling the adoption of wireless power for a
wide range of devices and machinery – from military and medical devices to
electric vehicles to unmanned aircraft. The market is led by wireless charging
systems for mobile and consumer electronics devices, applications that have
already taken shape through standardization on a worldwide scale. According to
a new report from Pike Research, a part of Navigant’s Energy Practice,
wireless power for mobile devices will constitute a market worth more than $5
billion annually by 2020.

The total market for wireless power technologies across all applications will
surpass $15 billion in 2020, the study concludes.

“The barriers to adoption for wireless power are lifting, and it’s clear that
this is an environmentally friendly set of technologies that, before the end
of the decade, could contribute to a significant reduction in carbon emissions
and embedded energy used to produce, ship, and dispose of conventional
charging equipment,” says research director Eric Woods. “Wireless power will
become a ubiquitous form of charging in many applications.”

The increasing adoption of feature-laden and power hungry devices,
particularly smartphones, is creating high demand for convenient and
inexpensive charging systems. Several mobile service providers, including
Verizon Wireless in the United States and NTT DOCOMO in Japan, have begun
integrating wireless charging systems into their devices, according to the
report. The future of wireless power can be seen in efforts to move toward a
smarter connected power infrastructure, including wireless charging hotzones
similar to Wi-Fi hotspots.

The report, “Wireless Power”, examines the global market opportunity for
wireless power charging across various application segments including mobile
devices, consumer electronics, industrial devices, infrastructure, and
electric vehicles. It also outlines and explores the remaining technological
and cost hurdles, examines the market issues, and explores the most
appropriate business models for bringing wireless power technologies to
market. The study profiles key industry players and provides market forecasts
for unit shipments and revenue, segmented by application and world region,
through 2020. An Executive Summary of the report is available for free
download on the Pike Research website.

About Pike Research

Pike Research, which joined Navigant’s global Energy Practice on July 1, 2012,
provides in-depth analysis of global clean technology markets. The team’s
research methodology combines supply-side industry analysis, end-user primary
research and demand assessment, and deep examination of technology trends to
provide a comprehensive view of the Smart Energy, Smart Grid, Smart
Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Pike Research can be found at www.navigant.com/pikeresearch.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“Wireless Power,” is a summary and reflects Pike Research’s current
expectations based on market data and trend analysis. Market predictions and
expectations are inherently uncertain and actual results may differ materially
from those contained in this press release or the report. Please refer to the
full report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report. Neither
Pike Research nor Navigant undertakes any obligation to update any of the
information contained in this press release or the report.

Contact:

Pike Research
Richard Martin, +1.303.997.7609
richard.martin@navigant.com
or
Laverne Murach, +1.202.481.7336
laverne.murach@navigant.com