Authored By: Sarah
01 Jun 2021

Wireless Phone Chargers Market Size to Grow by $ 2.72 Billion through 2020-2024  

Technavio research projects the wireless phone chargers market to grow by $ 2.72 bn, accelerating at a CAGR of over 14% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Wireless Phone Chargers Market: Key Market Driver

One of the primary factors that will trigger the growth of the wireless phone chargers market size is increase in the global shipments of smartphones. APAC will record a fast growth rate during 2020-2024, owing to which the region should offer several growth opportunities to market vendors. The growing demand for in-car charging will significantly influence wireless phone chargers market growth in this region. 41% of the market growth will originate from APAC during the forecast period with China and Japan being the key markets for wireless phone chargers in the region. 

This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Top Drivers for Wireless Phone Chargers Market Size to Grow by $ 2.72 Billion During 2020-2024

Wireless Phone Chargers Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Anker Technology (UK) Ltd., Belkin International Inc., BEZALEL Inc., Koninklijke Philips NV, Nokia Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Sony Corp., TYLT Inc., and ZAGG Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

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