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Wireless charging technology is one of the emerging advanced technologies where a mobile phone can be charged by placing it over the wireless charger as a substitute for cable charging. Mobile manufacturers, such as Apple and Samsung, are now offering consumers with wireless charging facility.
The global market size of wireless mobile phone charging is estimated at around $700 million, in 2019.
The global market size is still expected to increase in 2020 despite the epidemic. The market growth is expected to rise by nearly 2.3% in 2020, and reach $716 million in 2020.
The growth will be mainly supported by online shopping as more people can trust online stores for small electronic devices such as the wireless charger. One charger can also be used for multiple devices, such as Qi wireless charger.
Wireless charging technology is not only used in mobile phones but also use in various other industries such as automotive, industrial, health care, and aerospace and defence. The wireless technology has the largest market share in electronic devices such as mobile phones, portable devices, tablets, and smart wearable devices.
There are various technologies used in wireless charging, depending on the industries. The technology which is used to charge smartphones wirelessly is called inductive technology. In inductive technology, electromagnetic induction is used to provide wireless electricity to mobile phones.
Some of the important drivers in the market include stable demand for advanced mobile phones, increasing demand for carrying one charger for all devices, and a manageable cost of wireless chargers.
Some of the players in the mobile wireless charger market include Apple, Samsung, Huawei, Google, ZENS, and LG.