Wireless Phone Chargers Market Research Report—Global Forecast till 2028

Global Wireless Phone Chargers Market Research Report: Information by Technology (Inductive Technology, Resonant Technology, by Technology and Others) Distribution Channel (Store-Based, Non-Store Based) by region – Forecast till 2028

ID: MRFR/CR/9074-HCR | April 2021 | Region: Global | 90 pages

Market Scenario


The global wireless phone chargers market size is projected to reach approximately 3.5 billion by 2028, at a CAGR of 4.2% from 2021 to 2028. Wireless phone chargers are batteries of the electrical device which are not physically connected with the cables. Wireless charging is also known as inductive charging. Wireless charging is the process of electrically charged battery-powered devices and equipment without the need for a wired electrical power connection. Inductive charging works on electromagnetic waves, which transfer the energy and charge the device wirelessly. Inductive charging is mainly preferred to charge small devices such as smartphones etc. As compared to wired chargers, wireless phone chargers are more effective. The growing preference for in-car charging is a factor supporting the growth of the global wireless phone chargers market. The growing demand of smartphones and technological innovations by smartphone manufacturers further supports the growth of the global wireless phone chargers’ market during the forecast period. Wireless phone chargers are the key requirements of portable electronics products targeted by IoT, including digital cameras, smartphones, laptops, wearable electronics, tablets, and domestic electronic devices. An increase in acceptance of IoT is expected to provide growth opportunities for the manufacturers of wireless phone chargers. Product launches by the key players in the wireless phone chargers are driving the growth of the global wireless phone chargers’ market. For instance, on 23 January,2020 Tesla introduced a new branded wireless phone charger for its vehicles after introducing its new car model. All the factors are anticipated to create substantial growth opportunities for the growth of the global wireless phone chargers market.


The outbreak of COVID-19 has resulted in the lockdown across regions, border restrictions, and breakdown of transportation networks. The COVID-19 outbreak has affected the growth in every sector of the global economy. The pandemic has forced countries all over the world to impose lockdown. The outbreak of COVID-19 has resulted in a surge in demand for wireless phone chargers around the world.


Market Synopsis


The global wireless phone chargers market has witnessed substantial growth in recent years. The pandemic has created lucrative opportunities for wireless phone charger manufacturers across the globe. Wireless phone chargers offer various benefits. It exerts less strain on the charging port, and it is a safer way to charge phones. Excessive research in far-field wireless charging technologiesoffers growth opportunities for the manufacturers of wireless phone chargers among the consumers.Furthermore, the rise in sales of wireless phone chargers through supermarkets & hypermarkets is further expected to amplify the growth of the global wireless phone chargers market during the forecast period.


Market USP


Consumer preference towards wireless connectivity such aswireless phone chargers


Market Drivers



  • Increase in demand of luxury & comfort by working population: Growing working population and improving living standard of the consumers is driving the growth of the wireless phone chargers globally. This, is in turn, boosting the growth of the global wireless phone chargers market.

  • Consumer preference for branded wireless phone chargers

  • Effective marketing strategies

  • The advent of eCommerce platforms


Market Restraints



  • Counterfeit Products

  • Increase in Pricing of Raw Materials


Segmentation


ByTechnology



  • Magnetic Induction:Thesegment accounted for the largest market share in 2020 and is projected to remain dominant during the forecast period. Magnetic induction technology is usually preferred in wireless phone chargers

  • Magnetic Resonance:

  • Radio Frequency:

  • Others:


By Distribution Channel



  • Store-Based: The majority ofwireless phone chargers is sold through store-based retailers; this segment has been further divided into supermarkets & hypermarkets, convenience stores, andothers. The supermarkets & hypermarkets segment dominated the market in 2020 and is anticipated to dominateduring the forecast period.

  • Non-Store-Based:


By Region



  • North America: North America is expected to be the second-largest market value in the global wireless phone chargers market. The increasing popularity of smartphone gadgets among Americans is further supporting the growth of the global wireless phone chargers market.

  • Europe: Europe accounted for the largest market share of the global wireless phone chargers market in 2020. The key country-level markets include the UK, Germany, France, and Spain. Wireless phone charger manufacturers in Europe focus on the traditional designs and neutral colors of the wireless phone chargers in the manufacturing process.

  • Asia-Pacific:

  • Rest of the World


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)