Jan 06th, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Wireless Charging Phone Market.
The Wireless Charging Phone Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 24.5% during the forecast period.
Wireless charging works by transferring energy from the charger to a receiver within the back of the phone via electromagnetic induction. The charger uses an coil to form an alternating elec-tromagnetic field, which the receiver coil within the phone converts into electricity to be fed into the battery.
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Wireless Charging Phone Market Share: By Technology Trends
Based on technology, the wireless charging phone market is categorized into inductive, resonant, radiofrequency, and others. The inductive segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. Leading standards such as WPC and PMA are based on inductive technology. Resonant and radiofrequency are expected to emerge as the most lucrative technologies in the industry, further bolstering the segment growth.
Wireless Charging Phone Market Share: By Region
By region, the North American market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly attributed to the rising adoption of IoT-based devices in smartphones. Moreover, high standards of living, high internet penetration, robust smartphone sales, and the presence of large product manufacturers in the region, further proliferate the regional market growth.
COVID-19 Impact on Global Wireless Charging Phone Market
The COVID-19 outbreak has moderately affected the wireless charging phone industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly. Consumer electronic and smartphone sales were heavily affected amid the pandemic, which impacted the product demand. Also, a decline in the production of mobile phones and chargers due to supply chain disruption further affected the product demand.
Key players operating in the Wireless Charging Phone market are-
- Samsung Electronics Co. Ltd. (South Korea)
- Qualcomm Incorporated (US)
- Texas Instruments (US)
- Integrated Device Technology Inc. (US)
- Powermat Technologies Ltd. (Israel)
- WiTricity Corporation (US)
- Energizer Holdings Inc. (US)
- Murata Manufacturing Co. Ltd. (Japan)
- Sony Corporation (Japan)
- Fulton Innovation LLC (US).
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Features of the Report:
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Wireless Charging Phone Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors.
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