Latest News- Wireless Phone Chargers Market: Inductive is expected to lead the Type segment during 2024-2028

The Wireless Phone Chargers Market is being driven by Newer smartphone models with built-in support for wireless charging

The Wireless Phone Chargers Market is expected to grow at a CAGR of 23.85% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 12.58 billion. In the rapidly expanding automotive industry, the integration of technology into vehicles continues to advance. Drivers increasingly rely on smartphones for navigation, entertainment, and information access while on the road. However, this usage depletes battery life. To address this issue, car manufacturers are implementing additional power sources, such as USB ports, wireless charging docks, and compatible charging pads. The burgeoning demand for in-car wireless charging solutions is anticipated to fuel the expansion of the global wireless phone chargers market throughout the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Inductive
  • Magnetic resonance
  • Radio frequency
• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
    • US
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Newer smartphone models with built-in support for wireless charging
• Need for common charging platform
• Increase in the global shipments of smartphones

However, the market also witnesses some limitations, which are as follows:

• Additional cost to customers involved in purchasing wireless phone chargers
• Low efficiency of wireless chargers
• Compatibility issues of smartphones with wireless chargers standards

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Market Scope in Wireless Phone Chargers Market Research Report

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Research Analysis Overview

The Wireless Phone Chargers market is experiencing significant growth due to the increasing demand for user-friendly applications and portable electronic devices. This market encompasses various wireless power technologies, including Radio Frequency (RF), Resonant, and Inductive technology. GaN materials play a crucial role in the development of efficient and high-performance wireless chargers. Wireless charging solutions are increasingly being adopted for IoT devices, autonomous robots, and autonomous guided vehicles. The market includes charging stations, wireless power transmitters, and battery-operated devices. Hermetically sealed and watertight housing are essential features for wireless chargers, ensuring their functionality in various environments. Wireless power technology is revolutionizing the charging industry, with applications ranging from wireless phone chargers to wireless technology for electric vehicles. The Power Matters Alliance and Qi standard are key initiatives driving the interoperability and adoption of wireless charging solutions. Infrastructure integration, such as wireless charging furniture, is also gaining popularity. Inductive charging and Magnetic Resonance are two common wireless charging techniques used in the market.

Market Research Overview

The Technavio wireless phone chargers market analysis positions this sector under the broader umbrella of the global technology hardware, storage, and peripherals market. This market encompasses manufacturers of various IT hardware, including cellular phones, personal computers, servers, and peripherals. Key growth drivers for this market include the escalating demand for data centers, fueled by the surge in work-from-home technologies amidst the COVID-19 pandemic. Technavio calculates the market size based on the revenue generated from the sales of hardware devices, equipment, and components. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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