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Pulling the plug on the wireless phone charger market

Pulling the plug on the wireless phone charger market

Ever wish you could charge your phone without connecting to an outlet? Well, wireless phone chargers are designed for this very reason.

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Nearly everyone owns a smartphone. They've quickly transitioned from a luxury to a necessity for millions of people. In order for a smartphone to function, however, it must be charged on a regular basis, a process that's typically performed using a corded cable that connects to a wall outlet.

While most smartphones still support the use of a corded charger cable, many now offer wireless charging capabilities. How does a phone charge via wireless technology? Well, the process varies depending on the device and technology used. However, most work by transmitting power through an electromagnetic field.

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The idea was first proposed by Nikola Tesla, who found that you could transfer power using an electromagnetic field. Wireless chargers leverage this same principle by featuring a loop of coiled wires wrapped around a magnet (inductor). When the electric current travels through the inductor, it creates an electromagnetic field around the magnet -- and this field is then used to transfer electricity to the phone itself.

The Global Wireless Phone Charger Market Research 2016 report by ReportsWeb is a comprehensive report on the wireless phone charger market. Featuring 106 pages, it covers some of the market's leading regions, including North America, Europe, China, Japan, South Korea, and Taiwan. It's a comprehensive report that explores the global wireless phone charger market from all angles, revealing product specifications, cost, revenue, market drivers, market challenges, feasibility of new investment projects, key regions and more.

Some of the key wireless phone charger vendors profiled in this report include Nokia, Samsung, Funxim, Cafele, Fantasy, Polms, Phomax, and Hair.

According to the Wireless Phone Chargers Market Siz…ide, 2013 to 2019 report by Custom Market Insights, the global wireless phone charger market is expected to reach $33.6 billion by the end of the forecast period. In comparison, the market is currently valued at just $3 million, so analysts predict strong growth in the near future.

So, what factors are influencing the wireless phone charger market and its projected growth? You'll have to check out the report for a complete list of market drivers, although researchers list the growing adoption of smartphones as being a fundamental driver for the market. In 2011, 35% of adults in the U.S. owned a smartphone. Today, more than 68% of adults in the U.S. own a smartphone -- a number that will likely increase in the following years. Smartphone users often prefer the convenience of wireless charging technology, as it eliminates the otherwise restrictive constraints of corded chargers.

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Paul Hosking - Market Research NewsPaul Hosking
Category: New MediaCompany about: Paul Hosking, founder of WhaTech writes from his experience with Market Research Reports. Sharing the latest and most interesting reports. Giving investors the "heads up" on what's next!