Global Wireless Charging Phone Market Report 2017:2022 – Industry Growth Forecasts by Manufacturers, Countries, Type and Application

Wireless charging is the latest technology which enables charging of phones over short distances without the need of cables. The prime benefit of wireless charging is the fact that it is easier and faster, since one does not have to plug and unplug every time. One just has to position the phone on top of the wireless charging pad, also it looks quite elegant. There several competing standards for wireless charging. One of the most widely used and popular is Qi – pronounced as ‘Chee’. This has been backed by giant companies such as Google, Samsung and Nokia. Nevertheless, many more manufacturers are taking timely advantage in some or the other form. There are few companies that manufacture phone with a built-in wireless charging, while other require an extra rear case or cover in order to charge wirelessly. Basically, any smart phone which is Qi-compatible is a wireless charging phone.

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The global wireless charging phone market is predicted to garner abundant growth in the future and will register itself at a substantially high lucrative CAGR during the forecast period. There are several factors that contribute to this market’s growth such as increased consumer awareness since more number of smart phones is being manufactured with in-built wireless charging technology. Enhanced technology in latest mobile devices is attracting more consumers across the world and this in return is said to promote the growth of this market industry. Also, wireless charging is hassle-free and does not involve tangled wires, plugging, unplugging etc. These mobile devices need to be placed for charging is a specific manner. Nevertheless, it requires to be positioned within a specific proximity or range of the wireless charger. This specific factor is developing a lucrative impact on the consumer electronics system. Wireless Power Consortium (WPC), Power Matters Alliance (PMA), and Alliance for Wireless Power (A4WP), are three groups in the market of wireless charging. Wireless Power Consortium (WPC) uses Qi technology widely found in smart phones, while Alliance for Wireless Power (A4WP) uses resonance technology that is yet in the initial stages of development.

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The global wireless charging phone market has some key market manufacturers such as
• Samung,
• Sony,
• Google,
• MOTO,
• NOKIA,
• Yota,
• HTC, and ZTE.
Based on the types, this market is divided into magnetic resonance and electromagnetic induction. The wireless charging phone market, based on the end-user application is bifurcated into civil use and commercial use. The geographical regions covered by this industry’s market are North America, China, Europe, Southeast Asia, Japan, and India.

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