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Trends of Wireless Chargers Market Grows Application of Communication Technology by 2024

With the latest iPhones and Androids allowing for wireless charging, there is no stopping the market now. In fact, the wireless charging market is getting bigger by the day thanks to more and more devices supporting the wireless charging standard. It has almost become a norm since it is super convenient and hassle-free. And as an added bonus, a wireless charger can also become as a desk decor if you find the right device.

The primary advantage of wireless charger is that it thwarts overcharging as it automatically disconnects with the phone once it is charged completely. Besides, when a phone is plugged into a wireless charger, the initial shock can damage the battery over time. A wireless charger thwarts this since a phone’s battery just needs to be placed in the charging pad that also provide temperature control and over-surge protection. They also prevent short circuits.

Continued product development in this field, on the account of the cutthroat competition in the global electronics market, has meant products have become more developed over the years. Now it’s all about wireless chargers that not just charge but double up as a lot of other things by having USB ports or USB-C hubs.

Growth in the number of electric vehicles, computers, and small electronic gadgets are some of the main factors that are driving demand in the market. Apart from that, rising application of communication technology and computer is also benefitting the market.

Alternative wireless charging techniques such as solar power or ultrasound have been developed and this acts as restraining factor for wireless chargers that run on electricity.

However, wireless chargers are costlier options and this is one of the restraining elements of the market of wireless chargers. Wireless chargers, however, takes longer to charge, consumes more electricity and generates more heat. Thus these attributes act as restraining factors for the market.

The market is segmented by application, technology and by geography. By application, the market is divided into consumer electronics, healthcare and automotive. The segment of consumer electronics accounted for the largest market share in 2016.

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Increasing usage of smartphones, wearables and tablets. These chargers are mostly used in small gadgets such as smartphones, however, laptops, computers also use wireless chargers. These wireless chargers also find its usage in the healthcare department. Gadgets like sugar measuring device use wireless chargers. Increasing usage of these chargers in office automation, medical and communication are also propelling the growth of this segment.

On the basis of technology, the wireless chargers market is divided into magnetic resonance, radio frequency, inductive coupling technology and other microwave optical beam. The inductive coupling category held the largest market share during 2016 and is expected to propel this market over the forecast period.

When used in closer proximity, greater efficiency, operational convenience and ease of implementation are responsible for the growth of the market segment of inductive coupling technology.

Some of the major players of the wireless chargers market Qualcomm Incorporated (the U.S), Energizer Holdings (the U.S.), Evatran (the U.S.), Powermat Technologies Ltd (Israel), WiTricity (the U.S.), Fulton Innovation (the U.S.), Integrated Device Technology, Inc (the U.S.), Texas Instruments Inc. (the U.S.), Leggett and Platt (the U.S.), UBeam (the U.S.) amongst many others.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)
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