Mobile Phone Charger Market Size, Share, Growth, and Industry Analysis, By Type (Wired Charger & Wireless Charger), By Application (Online & offline), and Regional Forecast to 2032

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MOBILE PHONE CHARGER MARKET OVERVIEW

The Mobile Phone Charger Market size was USD 25438.46 Million in 2023 and is projected to reach USD 45319.87 Million by 2032, exhibiting a CAGR of 6.63% during the forecast period 2024-2032.

A mobile phone charger is equipment used to deliver current to the mobile device battery so that the input power source does not have to be directly attached to it. The Mobile Phone Charger Market is an ever-changing and all-time growing industry, driven by the rise in the use and penetration of smartphones and the incapability to do away with charging problems. Change of technology and the needs of the consumers has led to expansion of the market to cover such chargers as the old traditional plug in wired chargers to the more advanced wireless and fast charging types of chargers.

There are various factors driving the Mobile Phone Charger Market growth such as, increasing number of smartphone users worldwide and advancements in charging technology. Integrating the 5G technology and the increasing need for battery power is likely to motivate charging technology developments. Moreover, with the growing demand for faster, easier and greener products from consumers, it is expected that manufacturers will embrace the changing needs and come up with relevant products.

COVID-19 IMPACT or RUSSIA-UKRAINE WAR IMPACT or ISRAEL-HAMAS WAR IMPACT

"Pandemic Led to Higher Usage of Smartphones and Steady Demand for Chargers"

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

With the onset of the COVID-19 pandemic, there was an enhancement in the use of smart gadgets as work-from-home, online classes, and digital interaction became the norm. This change created a normal rise in the need for mobile phone chargers, particularly fast chargers as well as portable charger banks, to ensure prolonged use of the devices. Even though lockdown restrictions and closure of factories due to the pandemic.Agro Productions for many places which could not meet part of their demand led to introduction of clean and intelligent charging systems for portable electronic devices and several other gadgets . Nations impose trade restrictions in between the outbreaks of the pandemic . It did not work because there was also demand for the products in the market.

LATEST TREND

"Rise of Wireless and Fast-Charging Solutions to Drive Market Growth"

Smartphone charger market is on an upswing due to the growing popularity of wireless and fast charging options. High speed and convenient charging solutions are in great demand, with the result that there is an increasing supply of wireless chargers and fast charging methods such as USB Power Delivery and Qualcomm Quick Charge. The incorporation of wireless charging in commercial and vehicle infrastructure is also improving availability and ease of use. In addition, considering the global inclination towards standards like USB-C, there is a rise in the introduction of multi-device compatible chargers by the manufacturers that meet the consumer’s need for speed, compactness and ease thereby driving continuous market growth.

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MOBILE PHONE CHARGER MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Wired Charger & Wireless Charger

• Wired Charger: Wired chargers remain the most widely used type due to their efficiency, compatibility, and generally lower cost. They include USB-A, USB-C, and proprietary chargers, providing a reliable power source for users.

• Wireless Charger: Wireless chargers are increasingly popular for their convenience, allowing users to charge devices cable-free by simply placing them on a charging pad or stand. These chargers are especially favoured for their use in home and office environments and are gaining traction.

BY APPLICATION

Based on application, the global market can be categorized into Online & offline

• Online: Online stores also offer a wide range of brands and prices as well as customer reviews, making it easy for the consumers to get a particular charger or even some fast and wireless ones.

• Offline: Offline sales channels, including electronics stores, supermarkets, and convenience stores, remain essential for consumers who prefer to physically view products before purchase.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Increasing Number of Smartphone Users Worldwide to Boost the Market"

A factor in the Mobile Phone Charger Market growth is the increasing number of smartphone users worldwide. As a growing majority of people own smartphones, the need for chargers like fast portable and wireless has increased to saturation levels thanks to the changing lifestyles and charging habits of the people. Dependence on smartphones for work, education, and entertainment exacerbates charger demand as users look for efficient and effective ways of charging their devices. This rapidly growing consumer base is also evolutionary, with manufacturers having to come up with novel chargers to suit the demands of the increasing audience.

"Advancements in Charging Technology to Expand the Market"

The advancements in charging technology is another key aspect of the Mobile Phone Charger Market. New Technologies like fast charging protocols such as Qualcomm Quick Charge and USB Power Delivery (PD) considerably enhance the speed of charging. The use of wireless charging technology has also advanced, allowing device users to enjoy power without having to use a cable. Moreover, the growing popularity of uniform standards such as USB-C allows more devices to work with each other, stimulating the users to purchase and the manufacturer to design more compact multi-device chargers that are in line with the current trends.

RESTRAINING FACTOR

"Compatibility and Fragmented Standards to Potentially Impede Market Growth"

A restraining element within the growth of the Mobile Phone Charger Market is the Compatibility and Fragmented Standards. Due to the different kinds of charging interfaces available for the customers such as USB-C, micro-USB and even the Apple’s lightning connector, the client encounters compatibility issues which not only leads to bewilderment but also lowers convenience. This discrepancy in the ability to use the same charger with different devices makes it difficult to make a selection of the people’s products, more so those who own more than two gadgets.

OPPORTUNITY

"Integration of Smart Charging Technologies To Create Opportunity for the Product in the Market"

The integration of smart charging technologies presents significant opportunities for the Mobile Phone Charger Market. Adaptive charging, for instance, enhances power efficiency and improves battery longevity by only delivering the requisite amount of power as needed. Moreover, senor based chargers can sense the temperature thereby protecting the device from overheating and overcharging. This is aimed at enhancing the relative satisfaction available to users and meets the current needs of the market whereby users are particularly focused on energy and user-friendly charging ways. With the increase in smart homes and Internet of things devices, the intelligent chargers that will be required will be those that can be integrated across a variety of devices.

CHALLENGE

"Increasing Focus on Device Battery Life Could Be a Potential Challenge for Consumers"

The rising concern over extending the battery life of devices may hinder the prospects of the mobile phone charger industry. With the advancement of batteries by smartphone companies, devices will be charged less often, which may eventually lead to a change in demand and fewer replacement charger purchases. Furthermore, since battery capacity would be increased, people may purchase portable or speedy chargers less as they might not have the habit of charging frequently. This adjustment might affect the rate of growth of the collectivised market.

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MOBILE PHONE CHARGER MARKET REGIONAL INSIGHTS

• NORTH AMERICA (U.S. COMPULSORY)

The market for mobile phone chargers continues to be a lucrative one in North America owing to the high rate of smartphone use, as well as the need for better charging solutions. In the United States Mobile Phone Charger Market there is a high inclination towards the use of fast-charging and wireless charging technologies owing to the ease of use and the advancement in technology to the younger generation. Secondary sales of such devices occur mainly through the internet E-commerce, and the rising cases of sedentary work and virtual communication have led to overuse of these devices, hence the increased demand for the chargers.

• EUROPE

The Mobile Phone Charger Market in Europe is also witnessing constant growth backed by the increasing number of smartphone users, technological developments, and regulation policies which advocate for universal charging. In the region, the use of USB-C and the rising popularity of energy-saving and green chargers are notable trends. In addition, European consumers are open to new wireless and fast-charging technologies, especially because the number of smart homes and IoT devices is increasing, which creates further need for charging systems of that kind. The demand for mobile phone chargers in Europe is understood.

• ASIA

Mobile Phone Charger Market volume is growing at a rapid rate particularly in regions like Asia and in countries like China, India and Japan. The main reasons here are the rapid increase in the growth of smartphones and the middle class population in the region, as well as the increasing need for cheap chargers. Due to its large population, China has also become a centre for the manufacture and distribution of mobile phone chargers. Furthermore, the growth in e-commerce, digital services and the advent of new technologies such as fast and wireless charging, are contributing to the expansion of the market in Asia.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Key players are contributing towards the growth of the industry by innovating new products and expanding into more markets. Most companies are pioneering advanced products, such as fast-charging as well as wireless chargers and chargers that can serve several devices at once. Such companies’ products are energy efficient and more user friendly. Introduction of new and existing emerging markets and online channels also supports this along with alliances with mobile phone makers. It also appeals to the market for green materials and green charging and this also strengthens their strategies in the competitive environment.

LIST OF TOP MOBILE PHONE CHARGER COMPANIES

• Mipow (China)
• MC Power (China)
• ARUN (China)
• Scud (China)
• Aigo (China)
• HONGYI (China)
• LG Electronics (South Korea)
• Rayovac (U.S.)
• Salcomp (Finland)
• Hosiden (Japan)
• Momax (Hong Kong)
• PNY (U.S.)
• SIYOTEAM (China)
• Yoobao (China)
• Sinoele (China)
• Samsung (South Korea)
• AOHAI (China)

KEY INDUSTRY DEVELOPMENT

March 2024: Infineon Technologies AG’s iMOTIONTM IMI110 is the industry’s first intelligent power module (IPM). The series’ small DSO-22 package incorporates the iMOTION Motion Control Engine (MCE), a three-phase gate driver, and either 600 V/2 A or 600 V/4 A IGBTs.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The Mobile Phone Charger Market is poised for a continued boom pushed by increasing number of smartphone users worldwide and advancements in charging technology. Despite challenges, which include rising concern over extending the battery life of devices. Key industry players are advancing via technological upgrades and strategic marketplace growth, enhancing the supply and attraction of mobile phone chargers. As customer choices shift towards smart charger options, the Mobile Phone Charger Market is expected to thrive, with persistent innovation and a broader reputation fueling its destiny prospects.