Press Release

Global Mobile Wireless Charger Market to Grow with a CAGR of 11.11% through 2028

The Mobile Wireless Charger Market is rapidly expanding as consumers seek convenient and cable-free charging solutions for their devices, driving innovation in technology and design.

 

According to the TechSci Research report, Mobile Wireless Charger Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”, the Global Mobile Wireless Charger market stood at USD22.13 billion in 2022 and is anticipated to grow with a CAGR of 11.11% in the forecast period, 2024-2028. The global mobile wireless charger market has emerged as a dynamic and rapidly evolving sector within the broader technology and consumer electronics industry. Fueled by the growing demand for convenience, efficiency, and seamless connectivity, the mobile wireless charger market has witnessed significant growth in recent years.

The mobile wireless charger market revolves around the development, manufacturing, and distribution of devices that enable users to charge their mobile devices without the need for physical cables or direct connections. Wireless charging technology utilizes electromagnetic fields to transfer energy from a charging pad or dock to a compatible device, enabling convenient and hassle-free charging experiences.

 

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One of the primary drivers of the mobile wireless charger market's growth is the convenience it offers to consumers. With wireless charging, users can simply place their devices on a charging pad, eliminating the need to fumble with cables and connectors. This seamless user experience resonates with individuals seeking efficient and hassle-free solutions. The widespread adoption of smartphones, tablets, smartwatches, and other mobile devices has created a significant demand for efficient charging solutions. As consumers rely on multiple devices throughout the day, the need for versatile and universal charging methods has become paramount.

 

The integration of wireless chargers into broader smart ecosystems is a significant trend driving market growth. Wireless chargers are now designed to cater to multiple devices within a connected ecosystem, including smartphones, smartwatches, wireless earbuds, and even other IoT devices. This integration enhances user convenience and positions wireless chargers as central components of modern technology environments. Continuous advancements in wireless charging technology are fueling market expansion. These advancements include faster charging speeds, longer charging distances, and improved efficiency. For example, the introduction of resonant wireless charging has addressed alignment issues, allowing devices to charge even when slightly misaligned with the charging pad. The electric vehicle market is also influencing the mobile wireless charger market. Wireless charging solutions for EVs are gaining traction, enabling users to conveniently charge their vehicles at home or in public spaces without the need for physical cables. This extension of wireless charging technology is contributing to the overall growth of the market.

 

One of the major challenges in the mobile wireless charger market is compatibility. Different devices often require different charging standards, which can lead to confusion for consumers and limit the universal applicability of wireless chargers. This fragmentation can slow down the adoption of wireless charging solutions. While advancements have been made in charging speeds, wireless charging is generally slower compared to wired charging methods. Maintaining efficient power transfer while ensuring the safety of devices is a balance that manufacturers need to strike.

The market has seen the emergence of various wireless charging standards, such as Qi, Powermat, and others. This lack of standardized charging methods can create confusion and hinder seamless interoperability across devices and brands. The cost of wireless charging technology, including the chargers and compatible devices, can be higher than traditional wired options. Achieving widespread adoption requires manufacturers to balance affordability with technological advancements.

 

As consumers seek quicker charging solutions, the integration of fast wireless charging technology has become a significant trend. Manufacturers are focusing on delivering higher wattages to enable rapid charging without compromising safety. Wireless chargers are evolving to accommodate multiple devices simultaneously. Charging pads and stands with designated spots for smartphones, smartwatches, and wireless earbuds are becoming more popular, catering to users' diverse charging needs.

 

With growing environmental concerns, the market is witnessing a trend toward eco-friendly charging solutions. Manufacturers are incorporating solar panels and energy-efficient designs to reduce the environmental impact of charging devices. Wireless charging is being integrated into furniture, public spaces, and commercial environments. Charging surfaces embedded in desks, coffee tables, and airport lounges offer users the convenience of wireless charging while going about their daily activities.

 

The global mobile wireless charger market is segmented based on type, watt, and region.

Based on the type, the market is segmented into with USB plug-in vs without USB plug-in. Among these, with USB plug-in segment has a significant share of the global mobile wireless charger market during the forecast period. Most modern mobile devices, including smartphones, tablets, and wearable gadgets, are equipped with USB ports, making them compatible with USB plug-in wireless chargers. This level of compatibility ensures convenience for consumers who seek a hassle-free and seamless charging experience without the need for proprietary charging adapters.

Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among these, the North America region has a significant share of the global mobile wireless charger market during the forecast period. North America's tech-forward consumer lifestyle and widespread adoption of mobile devices drive the demand for convenient and efficient charging solutions. The region's high smartphone penetration rate, coupled with the use of other wireless devices like smartwatches and wireless earbuds, creates a robust demand for wireless chargers that seamlessly integrate into users' digital lives.

 

Major companies operating in the global mobile wireless charger market are:

  • Anker Technology (UK) Ltd.
  • Belkin International Inc.
  • BEZALEL Inc.
  • Koninklijke Philips NV
  • Nokia Corp.
  • Qualcomm Inc.
  • Samsung Electronics Co. Ltd.
  • Sony Corp.
  • TYLT Inc.
  • ZAGG Inc.     
     

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“As consumer reliance on mobile devices and the demand for seamless connectivity continue to rise, the global mobile wireless charger market is poised for sustained growth. The integration of wireless charging into diverse technology ecosystems, coupled with ongoing technological advancements, will drive market expansion. Challenges related to compatibility and standardization will likely be addressed as the industry works toward streamlined solutions. With a focus on user convenience, innovation, and sustainability, the mobile wireless charger market is set to remain a critical and evolving sector within the broader landscape of consumer electronics.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Mobile Wireless Charger Market By Type (With USB Plug-In Vs Without USB Plug-In), By Watt (O-5W Vs 5W-12W), By Region, By Competition Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of the mobile wireless charger market globally and provides statistics and information on market structure, size, share, and future growth. The report provides cutting-edge market intelligence and helps decision-makers to make sound investment decisions. Besides, the report also identifies the emerging trends along with essential drivers, challenges, and opportunities present in the market of mobile wireless charger globally.

 

 

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Mobile Wireless Charger Market By Type (With USB Plug-In Vs Without USB Plug-In), By Watt (O-5W Vs 5W-12W), By Region, By Competition Forecast & Opportunities 2018-2028F

Consumer Goods and Retail | Sep, 2023

The Mobile Wireless Charger Market is rapidly expanding as consumers seek convenient and cable-free charging solutions for their devices, driving innovation in technology and design.

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