Wireless Phone Chargers Market Forecast, Applications, Regional Analysis, Top Key Players and Segments
Introduction to Wireless Phone Charging
Wireless phone charging is currently all the rage worldwide, given its
ability to deliver energy from a single power source to the phone without
requiring wires or any connections. The charging station gives out energy, on
the other hand, a receiver (in this case, the phone) takes in the energy to
charge the battery. To charge phones, wireless charging is one of the most
convenient, safe and dependable methods. Plus, with the elimination of physical
wires and connectors, it is able to offer cost-effective, safety and efficiency
advantages compared to the conventional charging systems.
Wireless phone chargers are precisely the batteries present in the
device not connected to the phone through the cables. Wireless charging or
inductive charging, a cable-free technique of charging electrical devices help
charge the battery-induced phones, without the need for a power connection. The
electromagnetic waves help deliver the energy from the wireless phone chargers
right to the phone and the entire charging process is carried out effectively.
The key requirement of the portable electronic devices that are based on
IoT (internet of things) includes wireless phone chargers. This technique of
charging phones is convenient and also safe as well as reliable. Other than this,
these types of chargers are portable and are easy to carry anywhere and
anytime. This is a significant factor raising the demand for wireless phone
chargers and the market’s sharp growth over the years.
Parting Thought
Although wireless phone charging is slow to gain popularity owing to its
lower efficiency compared to wire chargers, its convenience is its unique
selling point. Its convenience factor lays entirely on the absence of a wire.
Repeated use of a charging cable leads to wear & tear, not only on the
cable and the smartphone too. With a soaring number of consumers increasingly
becoming aware about wireless chargers’ benefits, the demand has been mounting
as well. This is a clear indication of how promising the Wireless Phone
Chargers Market Forecast could be in the years to come.
Regions with High Demand for Wireless Phone Chargers
Europe is the global market leader, with most of the manufacturers in the
region focused on developing attractive designs of wireless phone chargers in
neutral colors to draw the attention of more consumers. Huge popularity of a
variety of smartphones in the region ultimately raises the need for advanced
wireless phone chargers. It is projected that Germany, coupled with France, and
the United Kingdom, will emerge as the top market in the region for wireless
phone chargers. These countries are the forefront owing to the high economic
standards, significant levels of disposable incomes among people, and the
thriving consumer electronics sectors.
Forbes recently revealed in a new study that around 60.8% of the
worldwide population uses Internet, which means up to 5 billion Internet
users. This figure can be majorly credited for the mounting number of
phone users around the world, a number which was a whopping 8.314 billion in
2016, says the World Bank. This figure seems to be mounting incessantly since
then.
More than half of the smartphone and internet users in the world reside
in Asia Pacific, where the market for wireless phone chargers could showcase
remarkable growth in the next several years. China alone houses over 900
million Internet users, out of whom 97% are smartphone users, reveals Forbes.
Competitive Dashboard
The wireless phone chargers industry is inundated with numerous firms
that compete against each other for a higher business standing. Many of the
manufacturers constantly strive to implement marketing strategies, such as
partnerships, launch of new products, and joint ventures, to spark the interest
of a higher number of audiences.
NXP Semiconductors, Infineon Technologies, and Samsung Electronics Co.
Ltd. are some of the biggest names in the wireless phone charger factories. These brands offer highly advanced chargers at
affordable costs, catering to the ever-rising consumer demand worldwide. They
invest in research & development activities to elevate the product’s quality
and features. Other strategies include mergers & acquisitions to strengthen
their market position and be counted among the leading top wireless phone
charger firms in the world.
To cite a reference, in January 2022, Kodak, the renowned photography brand
based in the US, is teamed up with Georgian Enterprises (India) for the launch
of wireless chargers for use on Apple iPhone 12 and iPhone 13 series in the
Indian market. The Kodak Wireless Magnetic Car Charger has an intelligent
charging chip that provides an optimized output of 15W. It contains high
protection properties including overcurrent, over voltage, overcharging, and
overheating.
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