Business is booming for the producers of wireless chargers across the globe. Market analysis agency IHS predicts exponential growth in the sales of wireless chargers in the upcoming years. It is assumed that there will be around 2.73 Bn receivers & approximately 6.21 Bn transmitters of power that will be sold five years down the line from now.
Those are indeed some of the most staggering numbers in & of themselves, but that’s not all. On the contrary, the global demand for new products with wireless charging capabilities is continuing to rise. The overall valuation of the Global Wireless Charging market was estimated at around 12.7 Bn U.S. dollars in the year 2020. By the end of 2030, the entire market is likely to have an overall valuation of nearly 185.9 Bn U.S. dollars. The share of revenue in the Consumer Electronics market summed up to almost USD 1057.21 Bn in 2022, and it’s anticipated to prosper annually by almost 1.832%.
The Consumer Electronics Market’s largest segment is the Telephony segment representing a market volume of nearly US $482.83 Bn in 2022. There were nearly 5.13 Bn unique mobile users worldwide in 2019, & nearly 2.71 Bn of them were using smartphones. Nearly 81.23% of Americans own a smartphone. China held the highest number of smartphone users at nearly 783 Mn. Also, around 94.23% of the people who were aged between (18-29) had smartphones, and nearly 6.11% had regular cell phones.
The five crucial trends of the Wireless Charging Market are as follows:
1.) REVERSED WIRELESS CHARGING
Apple is likely to launch its AirPower this year. It will provide the privilege to an individual to charge several devices simultaneously, thus eradicating the problem of charging by wireless technique implementation.
On the other hand, Huawei is doing something similar. The Huawei Mate 20 Pro allows charging the iPhones, including the other modern Android phones, wirelessly. The Mate 20 Pro itself has an IP rating of nearly 68, which means that it has the ability to withstand a depth range of up to 1.5 meters of water for as long as a duration of 30 minutes.
2.) WIRELESS CHARGING FOR EVS
Hybrid cars are gaining huge popularity nowadays, but no one in the world wants to get stranded with a dead battery.
BMW was the first car manufacturing company that develops a wireless charging system for hybrid cars by launching its 530e iPerformance plug-in hybrid. The BMW 530e comes to EPA-rated at around 26 mpg combined (29 mpg highway, 24 mpg city) and goes up to a distance of 21 miles on a plug-in charge. With a Battery Control mode, an individual can restore the plug-in battery charge with the same expense of gas mileage.
3.) WIRELESS CHARGING IN THE COMMERCIAL SECTORS
The business sectors these days are also continuing to come up with newer applications for wireless chargers, such as office furniture with fully integrated wireless charging capabilities, restaurant tables that are used to charge the smartphones wirelessly (for free) or a kitchen counter that is used to power the coffee machine via wireless charging.
Recently San Disk launched its Ixpand 15 Watts Wireless Charging Pad (Fast Charging, SDIZB0N-000G-GNCNN, White/Black) that provides a variety of features such as :
- Truly Wireless Earbuds Temperature Control Foreign Object Detection
- Fast Charging Capability
- 24 Months Warranty
4.) BRIDGING THE GAP WITH THE IMPLEMENTATION OF WIRELESS TECHNOLOGY
The 1st generation of wireless chargers only allowed a connection set up for a distance of a few centimetres between the product and charger. Today, for the new chargers, that distance has increased to more than ten centimetres & the technology is continuing to develop rapidly across the globe.
As a result of this, the expectation level of the people has risen abruptly & it is likely that it will soon be possible to transfer electricity efficiently across the distances of several metres. If we take a closer look even further into the future, the charging cables will become obsolete entirely.
5.) QI WIRELESS CHARGING TECHNOLOGIES
The total number of applications for wireless charging is rising rapidly at an exponential rate all around the world, as is the number of products that possess wireless charging capabilities.
Qi-Technology is regarded as an open interface standard that defines wireless power transfer by the implementation of inductive charging (IC) over distances of up to 4 cm (i.e. almost 1.6 inches). It was first developed by the Wireless Power Consortium(WPC).
This system uses a charging pad along with a compatible device that is placed on top of the pad and is charged wirelessly via the usage of resonant inductive coupling technology. The advent of Qi technology from the Wireless Power Consortium (WPC) is likely to become the market leader in the future.
In addition to Qi technology, the technologies that are based on infrared (IR) and radiofrequency (RF) are also becoming increasingly popular.
Wireless charging technologies promise to expand their range & increase the mobility of IoT device users. The business and commercial sectors are continuing to introduce new & innovative applications for wireless chargers.
Restaurant tables that charge smartphones & other smart devices, kitchen counters that power the coffee machine, office furniture with integrated charging capabilities, & other appliances wirelessly are some of the most appropriate applications of wireless charging technology. It is expected that these technologies will entirely change the market outlook by 360-degrees in the future.