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.
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.
Consumer preference towards wireless connectivity such aswireless phone chargers
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