Global Wireless Phone Chargers Market Is Expected to Register a CAGR of 4.2% from 2021 to 2028 :

Pune, India, April 2021, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global Wireless Phone Chargers Market.

Market Forecast

The global wireless phone chargers market size is projected to be valued at USD3.5 billion by 2028 at a CAGR of 4.2% between 2021 and 2028.Wireless charging is the process of transferring power from a power outlet to the device without using the cable. The growing demand for smartphones and technological innovations by smartphone manufacturers support the growth of the global wireless phone chargers market. Europe&Asia Pacific markets witness the increasing demand for wireless phone chargers among the consumers.The wireless phone chargers market has registered tremendous growth in the past few years, and the same trend is expected to continue during the forecast period.The key players in the market have been responsive to shifting consumer preferences and are focused on strategic acquisitions, product launches, and partnerships. For instance, on 7 January,PopSockets announced the product launch of a home charger, powered by NuCurrent, at the consumer electronics show.All the factors are anticipated to create substantial growth opportunities for the growth of the global wireless phone chargers market.

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Market USP

Consumer preference toward wireless connectivity such as wireless phone chargers

Growth Opportunities in the Market

Increase in demand for magnetic induction technology phone chargers:Increase indemand for wireless phone chargers among consumers has supported the growth of magnetic induction technology in wireless phone chargers.

Non-Store-Based Distribution Channels Gaining Popularity Across the Globe: The non-store-based segment is projected to register ahigher growth rate during the forecast period. Manufacturers of wireless phone chargers are inclined toward non-store-based distribution channels for the sale of their products. Companies are opting for online distribution platforms as they extend their consumer reach.

Key Players

  • Air Charge. (UK)

  • Belkin International, Inc.(US)

  • TDK Corporation. (Japan)

  • Energous Corporation. (US)

  • Integrated Device Technology, Inc.(US)

  • Infineon Technologies AG. (Germany)

  • NXP Semiconductors. (Netherlands)

  • Qualcomm Technologies Inc. (US)

  • PopSockets LLC(US)

  • Samsung Electronics Co. Ltd. (South Korea)