Wireless Chargers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Albany, NY -- (SBWire) -- 03/19/2018 --With the latest iPhones and Androids allowing for wireless charging, there is no stopping the market now. In fact, the wireless charging market is getting bigger by the day thanks to more and more devices supporting the wireless charging standard. It has almost become a norm since it is super convenient and hassle-free. And as an added bonus, a wireless charger can also become as a desk decor if you find the right device.

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The primary advantage of wireless charger is that it thwarts overcharging as it automatically disconnects with the phone once it is charged completely. Besides, when a phone is plugged into a wireless charger, the initial shock can damage the battery over time. A wireless charger thwarts this since a phone's battery just needs to be placed in the charging pad that also provide temperature control and over-surge protection. They also prevent short circuits.

Continued product development in this field, on the account of the cutthroat competition in the global electronics market, has meant products have become more developed over the years. Now it's all about wireless chargers that not just charge but double up as a lot of other things by having USB ports or USB-C hubs.

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Growth in the number of electric vehicles, computers, and small electronic gadgets are some of the main factors that are driving demand in the market. Apart from that, rising application of communication technology and computer is also benefitting the market.

However, wireless chargers are costly and this is deterring the market. They also take longer time to charge and consume more electricity. In addition, rise in alternative wireless charging techniques such as ultrasound and solar power or ultrasound are also posing a challenge to wireless charging.