Wireless Phone Chargers Market

Market CAGR for ireless phone chargers is driven by growth as more people realize the importance of wireless phone chargers. Putting a battery-operated device with a wireless charger near a wireless power transmitter or a charging station specifically designed for that purpose is all required to start the charging process. Consequently, it is possible to make the housing for the device completely watertight and even hermetically sealed. Therefore, the fast acceptance of wireless charging for mobile devices such as smartphones, portable media players, digital cameras, tablets, and wearables has driven the market's rise.

Near Field Communication (NFC) and Bluetooth can coexist alongside wireless charging, opening the door to innovative potential solutions. Many different applications could benefit from wireless power transfer, such as wireless headphones and speakers, wireless mice, and keyboards. Tablet PCs, laptops, ultrabooks, and laptops are all possible hosts or clients for wireless charging.

Additionally, the rising use of the internet has led to a problem that prevents many smartphones and other portable electronic gadgets from properly charging their batteries. The solution may be using a rapid wireless radio frequency energy-base charger. As a result, the cumulative need for effective charging solutions for mobile and portable devices would likely drive the expansion of the wireless charging market during the period covered by the forecast. In addition, the Internet of Things has grown significantly in popularity over the past few years.

Also, mobile Internet of Things (IoT) infrastructure items like smartphones, tablets, laptops, digital cameras, wearables, and other electronic devices require a wireless charging system as a primary component.

For instance, Huawei has introduced a new multi-device smart wireless charging board that enables a charging area of 15W (three times the normal amount). As a result, it is anticipated that demand for Wireless Phone Chargers will increase throughout the projection period due to rising internet use. Thus, the driving factor of the wireless phone chargers market revenue.

The increasing global penetration of smartphones is a primary driver for the Global Wireless Phone Chargers Market Industry. As of 2024, the number of smartphone users worldwide is projected to reach approximately 3.8 billion, creating a substantial demand for wireless charging solutions. This trend is further supported by the growing preference for convenience and the elimination of tangled cords. With the market expected to generate 3.17 USD Billion in 2024, the rising adoption of smartphones is likely to propel the need for efficient charging options, thereby enhancing the growth of the wireless charging sector.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American wireless phone chargers market will dominate because there has been tremendous technological progress in the area. The expansion of the market is driven by the increasing prevalence of wireless charging systems for industrial applications. In addition, it is expected that increased smartphone usage and other portable devices will impact market growth throughout North America.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: WIRELESS PHONE CHARGERS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe’s wireless phone chargers market is the second-largest because customers' growing familiarity with wireless power technology is a major driving force behind the expansion of the wireless charging business in Europe. Further, the German wireless phone chargers market held the largest market share, and the UK wireless phone chargers market was the fastest-growing market in the European region.

The Asia-Pacific wireless phone chargers Market is expected to grow at the fastest CAGR from 2023 to 2032. The regional market expansion is due to the growing demand for consumer electronics products and electric vehicles. The rapidly increasing consumer electronics industry throughout the Asia-Pacific region is projected to be the primary driver of market expansion. Moreover, China’s wireless phone chargers market held the largest market share, and the Indian wireless phone chargers market was the fastest-growing market in the Asia-Pacific.

For instance, Qualcomm Technologies, Inc. has unveiled a new concept car to demonstrate how the Snapdragon Digital Chassis solutions integrate technologies from a wide range of companies to provide highly individualized and intuitive experiences, such as immersive infotainment, driver assistance, and improved safety.

Leading market players are investing heavily in research and development to expand their product lines, which will help the wireless phone chargers market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the wireless phone chargers industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the wireless phone chargers industry to benefit clients and increase the market sector. In recent years, the wireless phone chargers industry has offered some of the most significant technological development. Major players in the wireless phone chargers market including Samsung Electronics Co.

Ltd. (South Korea), Qualcomm Technologies Inc. (US), Infineon Technologies AG. (Germany), Energous Corporation (US), Belkin International, Inc. (US), Pop Sockets LLC (US), NXP Semiconductors (Netherlands), Integrated Device, Technology, Inc. (US), TDK Corporation (Japan), Air Charge (UK), and others are attempting to increase market demand by investing in research and development operations.

Qualcomm is an American multinational company headquartered in San Diego, California, and a state of incorporation in the United States of America called Delaware. It develops wireless-related semiconductors, software, and services. Qualcomm is making it possible for the entire planet to be intelligently interconnected. For the next generation of connected smart devices in all industries, we have a single technology roadmap that will allow us to efficiently scale technologies like improved connectivity, high-performance, low-power computation, on-device intelligence, and more than kick off the mobile revolution.

Qualcomm's innovations, powered by the Snapdragon family of platforms, will drive the digital economy, disrupt established sectors, and change how we interact with the world. In March 2023, LEAPMOTOR and Qualcomm Technologies, Inc. announced the signing of a non-binding MOU on strategic cooperation to expand their partnership in the automotive industry. Qualcomm Technologies' next-generation Snapdragon® Cockpit Platforms will be the basis for a new generation of intelligent cockpit products developed in partnership with LEAPMOTOR.

Infineon Technologies AG is an industry pioneer in power systems and the Internet of Things (IoT) semiconductors. With its products and services, Infineon propels the transition from carbon to digitalization. In the fiscal year ended 30 September 2022, the corporation had over 56,200 employees across the globe and earned revenues of around €14.2 billion. Our efforts benefit our clients, our staff, and our shareholders. We know how semiconductors improve the efficiency of cutting-edge technology and make possible the solutions that will influence our lives tomorrow.

Each item is evidence of our determination to achieve; it was designed with love and is made with care. It sets us apart as a trustworthy business partner and contributes to our client's continued success. Infineon mixes entrepreneurial success with responsible behavior by assuming responsibility for the community. We find solutions to some of our society's most pressing problems, such as energy conservation, green transportation, and security in a networked world. In January 2023, GaN Systems Inc. and Infineon Technologies AG announced they had reached a formal deal for Infineon to buy GaN Systems for US$830 million.

Regarding GaN-based power conversion systems, GaN Systems is at the forefront of innovation. The company employs over 200 people from its headquarters in Ottawa, Canada.