According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Wireless Charger Market (Product: Charger, Power Bank, Charging Case, and Others (Charging Tray, Car Mount, etc.); End-use: Smartphone and Tablets, Smart Wearable, Laptops and Notebooks, Headsets and Speakers, In-Car Charging, Home Appliances, Others; Distribution Channel: Online (Company Owned Portals, and E-commerce Portals), and Offline (Hypermarkets/ Supermarkets, Specialty Stores, and Brand Stores) – Global Industry Dynamics 2018-2019, Trends, and Forecast 2019-2027, the wireless charger market in smartphone end-use segment is expected to reach US$ 4.40 Bn by 2027, expanding at a CAGR of 11.7% from 2019 to 2027.

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The report from Industry Probe estimates that the global smartphone end-use wireless charger market was valued at US$ 1.64 Bn in 2018, and is expected to expand at a CAGR of 11.7% from 2019 to 2027. As per the report, smartphone and tablet end-use segment dominates the global wireless charger market. Rising sale of consumer electronic products, especially smartphones and tablets, in both developed and developing countries has fueled the growth of the wireless charger market. Consumers all over the world demand for technologically advanced products which provides substantial growth opportunities to the wireless charger manufacturers in the coming years.

The report also states that the past few years has seen a rise in adoption and emergence of smartphones. Smartphones have become an essential accessory, and additionally phone capabilities, new services, and features in the device continue to change due to technological development. As of now, the U.S. represents almost 80% of mobile handset users, with further penetration gains projected in the coming years. Moreover, demographic changes, growing population, rapid urbanization, and increase in disposable income of individuals is fueling the growth of the smartphone and tablet end-use segment in the global wireless charger market. Exclusive technology used for integration of the wireless charger increases cost of the product and it provides slower charging as compared to other charging technologies that is resonance or radio charging technologies. These are likely to restrain the wireless charger market during the forecast period.

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The report has segmented the global wireless charger market on the basis of products, end-use, distribution channel and region. Based on end-use segment, smartphones and tablets have the highest share currently and are expected to hold the leading position in the coming years. The convenience and compatibility of wireless chargers is the major reason why consumers are inclined toward it. Demand for wireless chargers arises from usage of devices such as smartphones, tablets, and laptops. Evolving digital technologies, digitizing lifestyles, robust consumer demand, and strong demand for consumer electronics and peripherals are the key factors driving the wireless charger market.

The wireless charger market is dominated by players who are focused on the development of new products to cater to the rising demand for the product in the market.

The report includes the below mentioned pointers of the major players operating in the wireless charger market:

 Competition Matrix
 Company Overview
 Product Profiling
 Market Share Analysis (2018)
 Product Innovation
 Product Comparison Analysis
 Business Strategies / Recent Developments
 Technological advancements
 Key mergers and acquisitions
 Expansion strategies
 Company Financials

Some of key players operating in the global wireless charger market are included in this report to give a better competitive analysis of the market and these include Powermat Technologies Ltd., Shenzhen Dak Technology Co., Ltd, Yootech Technology, SAMSUNG, Shenzhen Bonic Electronic Product Co., Ltd, Anker Innovations Limited, iOttie, Aircharge, RAVPower, and Belkin International, Inc.

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