Enjoy complimentary customisation on priority with our Enterprise License!
The wireless phone chargers market size is forecast to increase by USD 12.58 billion at a CAGR of 23.85% between 2023 and 2028. The market is witnessing significant growth due to the increasing adoption of mobility and the emergence of newer user devices with built-in wireless charging capabilities. Mergers and acquisitions in the industry are driving innovation and competition. The market is expected to experience trends such as the integration of electromagnetic fields and copper coils in power outlets, making charging more convenient. The growing popularity of electric vehicles (EVs) and the increasing electricity demand are leading to the development of Qi-compatible EV charging stations and battery-powered appliances. Additionally, the use of wireless charging technology in headsets, mice, and keyboards is expanding the market's scope. However, the additional cost to customers involved in purchasing wireless charging pads and connecting cables remains a challenge.
Wireless phone chargers have gained significant traction in the market due to the increasing popularity of battery-operated devices and the adoption of wireless technology in various industries. The market for wireless phone chargers is expected to grow rapidly, driven by the increasing demand for charging solutions for electric vehicles and IoT devices. Wireless charging technology, including inductive and resonant technology, is used to transmit power wirelessly to battery-operated devices. Inductive charging uses a magnetic field to transfer power, while resonant technology uses radio frequency waves. Charging stations for wireless phone chargers come in various forms, such as furniture and infrastructure.
These charging stations are designed to be user-friendly and offer features like watertight housing and hermetically sealed designs for outdoor use. The wireless charging market also caters to the needs of industries such as autonomous guided vehicles and autonomous robots, where wired charging is not a practical solution. The Qi standard and Power Matters Alliance are two leading organizations promoting wireless charging technology. Inductive technology is commonly used in wireless phone chargers, but resonant technology is gaining popularity due to its ability to charge devices from a greater distance. Wireless charging eliminates the need for cord connections, making it a convenient and user-friendly solution for charging portable electronic devices. The market for wireless phone chargers is expected to grow further as wireless power technology continues to evolve, with advancements in materials like Gan and circuit design.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The inductive segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth due to the increasing popularity of Near Field Communication (NFC), Bluetooth, and other wireless technologies. Inductive charging, which holds the largest market share in the technology segmentation, is favored for its convenience and ease of use. Inductive wireless chargers utilize electromagnetic fields to transfer power from a transmitter to a receiver, making it compatible with a wide range of smartphone models. This technology is also used in wireless headphones, speakers, mice, keyboards, tablet PCs, laptops, and ultrabooks. In addition, the increasing use of Internet and infrastructure development for Internet of Things (IoT) devices is expected to further fuel market growth. Furniture and furniture manufacturers are also integrating wireless charging solutions into their designs to offer a more integrated and convenient user experience.
Get a glance at the market share of various segments Request Free Sample
The inductive segment accounted for USD 1.28 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request Free Sample
The market in North America is experiencing steady growth, driven by the increasing demand for advanced wireless charging technologies. In this region, the United States is expected to dominate the market due to the rising consumer awareness of wireless power technology and the growing adoption of wireless charging for various consumer electronics, including Wireless headphones, Bluetooth speakers, and Tablet PCs, among others. Furthermore, Original Equipment Manufacturers (OEMs) in the US are investing significantly in Research and Development (R&D) projects to integrate wireless charging infrastructure in public places such as shopping malls, metro stations, and restaurants. Near Field Communication (NFC) and Bluetooth technologies are commonly used in these advanced wireless charging solutions.
Further, the Internet of Things (IoT) devices and Laptops, and Ultrabooks are also expected to fuel the market growth. The revenue generated from wireless charging for these devices is projected to increase significantly in the coming years. Radio frequency-based wireless charging technology is also gaining popularity due to its long-range charging capabilities and compatibility with various devices. Furniture and infrastructure are emerging as new segments in the wireless charging market, offering convenient charging solutions for homes and offices.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Newer smartphone models with built-in support for wireless charging is the key driver of the market. The market for wireless phone chargers has experienced significant growth in recent years, driven by the increasing adoption of wireless charging technology in various battery-operated devices, including mobile devices such as smartphones, digital cameras, tablets, and wearables. Electric vehicles are also integrating wireless charging technology, further expanding the market's scope. Wireless charging relies on wireless power transmitters and charging stations to transfer power without the need for cables. Companies such as Samsung, Google, Xiaomi, Poco, and OnePlus have incorporated Qi as the preferred wireless charging standard in their smartphones, with some models supporting both Qi and PMA standards. Apple's announcement to adopt Qi is expected to lead to the integration of this standard in future Apple devices.
Further, the watertight housing and hermetically sealed design of wireless charging stations ensure efficient and reliable charging, making them an attractive option for consumers seeking convenience and functionality.
The growing adoption of in-car charging is the upcoming trend in the market. The integration of wireless technology in various sectors, including electric vehicles, has led to the increasing demand for wireless phone chargers. These chargers eliminate the need for manual connections, providing convenience for users of battery-operated devices such as mobile devices, digital cameras, tablets, and wearables. Wireless phone chargers utilize wireless power transmitters and charging stations to transfer power wirelessly. With the rise of watertight housing and hermetically sealed designs, these chargers can be used in various environments, including cars. In the automotive industry, wireless charging is becoming increasingly popular, with charging docks and pads being integrated into cars to keep mobile devices charged while on the go. This trend is expected to boost the growth of The market, particularly in the automotive sector, during the forecast period.
Additional cost to customers involved in purchasing wireless phone chargers is a key challenge affecting the market growth. The market has gained traction due to the increasing sales of battery-operated devices such as mobile phones, digital cameras, tablets, and wearables. The integration of wireless technology in electric vehicles is also expected to boost market growth. Wireless charging, enabled by wireless power transmitters and charging stations, offers convenience and eliminates the need for cables. However, the market size is currently smaller than anticipated due to the optional nature of wireless charging units. While purchasing a new device, a wired charger is included in the cost, and a wireless charging unit, consisting of a wireless charger and receiver, can cost between USD25 and USD60 as an additional accessory.
This additional cost may deter some consumers, leading to a lower demand for wireless charging units compared to the total sales of battery-operated devices. Despite this, the market is projected to grow significantly as the benefits of wireless charging become more apparent, particularly in terms of convenience and the increasing availability of watertight housing and hermetically sealed devices.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Anker Technology UK Ltd.: The company offers wireless phone chargers such as 313 wireless charger pad, 633 magnetic wireless charger, 3 in 1 cube with MagSafe and more.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Wireless phone chargers have gained significant popularity in recent years, as wireless power technology continues to evolve and offer user convenience for charging various battery-operated devices. This market encompasses wireless power transmitters, charging stations, and a range of compatible mobile devices such as smartphones, digital cameras, tablets, wearables, wireless headphones, wireless speakers, wireless mice, wireless keyboards, tablet PCs, laptops, and ultrabooks. Wireless charging technologies include near field communication (NFC) and Bluetooth, as well as inductive charging using inductive technology and resonant technology. Inductive charging utilizes copper coils and an electromagnetic field to transfer power, while resonant technology allows for longer distances and greater efficiency. The market for wireless phone chargers is expanding beyond consumer electronics, with applications in automotive, smart homes, fleet electrification, urban planning, and IoT devices. Compatibility issues and safety concerns are key considerations, as well as cost-effectiveness, efficiency, and user convenience. Wireless charging technologies are also being adopted in various industries, including automotive applications, autonomous guided vehicles, and industrial equipment such as forklifts, trucks, and scissor lifts.
Further, the market is expected to grow due to the increasing demand for mobility and user-friendly applications, as well as the shift towards electric vehicles and the need for charging infrastructure. The receiver segment of the wireless charging market includes various types of devices, from mobile phones to electric vehicles, and the market is expected to experience significant growth in the coming years due to the increasing demand for wireless charging solutions. The market is also witnessing mergers and acquisitions, with companies focusing on improving circuit design and developing new materials such as Gan materials to enhance the efficiency and cost-effectiveness of wireless power technology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
164 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 23.85% |
|
Market growth 2024-2028 |
USD 12.58 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
21.52 |
|
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 33% |
|
Key countries |
US, China, Japan, Germany, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Aircharge, Anker Technology UK Ltd., Apple Inc., Belkin International Inc., BEZALEL Inc., Energizer Holdings Inc., iOttie Inc., Koninklijke Philips N.V., Mojo Mobility Inc., Naztech Technologies, Nucurrent Inc., Ossia Inc., Powermat Technologies Ltd., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Sony Group Corp., TYLT Inc., ZAGG Inc., and ZENS Consumer BV |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. You may change your settings based on a legitimate interest at any time, by selecting “Manage Settings” on our site. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences, or your device and is mostly used to make the site work as you expect it to.
The information does not usually directly identify you, but it can give you a more personalised web experience. Because we respect your right to privacy. Click on the different category headings to find out more. These cookies will be stored in your browser only with your consent. Please read our Privacy & Cookie Notice. before managing your preferences.
Read moreThese cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. These cookies are essential in order to enable You to move around the site and use its features, such as accessing secure areas of the site. These cookies do not store any personally identifiable information.
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers like Freshdesk, Piwik whose services we have added to our pages. These cookies cannot track your browsing activity on other websites. All information these cookies collect is anonymous and is only used to improve how this website works. If you do not allow these cookies we will not know when you have visited our site and will not be able to monitor its performance.
This website uses Google Analytics, a web analytics service provided by Google, Inc. (Google). These cookies are used to calculate visitor, session, and campaign data, and to keep track of site usage for this site’s analytics report. These cookies store the behaviour of each user’s information such as your login information, what pages you visit, how long you stayed on the page, the device you were using, your time zone, what language you’re using, where you’re logging in from, and the operating system of the device you are on. Such information is necessary for a website’s digital marketing efforts, increasing the chances of campaign success by tailoring content to the target audience.
