Industry Background:
Since smartphone usage across the globe has been robustly increased over the last decade with respect to growing IT infrastructure and internet usage, it will ultimately increase the demand for mobile phone chargers. In addition to this, continues technological advancements in smartphone industries has led to introduced highly advanced mobile phone chargers such as wireless chargers, solar chargers, turbochargers and many others. Thus, the global mobile phone chargers market will grow at a significant growth rate. However, the lack of durability of these chargers may hamper the overall growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Dominating Application | General Charger |
Key Companies Profiled | Samsung Group (South Korea), Spectrum Brands Holdings, Inc. (United States), PNY Technologies (United States), Mipow (United States), MC Power Companies (United States), Shenzhen Siyoteam Technology Co., Ltd. (United States), Scud Battery Co., Ltd. (China), Hosiden (Japan), Shenzhen Yoobao Technology Co., Ltd. (China) and MOMAX Technology LTD (Hong Kong) |
According to AMA, the market for Mobile Phone Chargers is expected to register a CAGR of 6.7% during the forecast period to 2030. This growth is primarily driven by Robust Increase in the Smart Phone Users and Minimal Battery Capacities of the High-End Smartphones required Frequent Charging.
Globally, a noticeable market trend is evident Number of Manufacturers have Introduced Turbo Charger to Maximize the Charging Speed
The Computer & Electronics Retail sector in the Asia Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Samsung Group (South Korea), Spectrum Brands Holdings, Inc. (United States), PNY Technologies (United States), Mipow (United States), MC Power Companies (United States), Shenzhen Siyoteam Technology Co., Ltd. (United States), Scud Battery Co., Ltd. (China), Hosiden (Japan), Shenzhen Yoobao Technology Co., Ltd. (China) and MOMAX Technology LTD (Hong Kong), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Key Developments in the Market:
In November 2023, Samsung expanded its Galaxy A series with the launch of the Galaxy A05s, which likely includes Samsung's adaptive fast charging technology.
In April 2024, Motorola is teasing its upcoming flagship smartphone with 125W fast charging, set to be unveiled. This new device is expected to feature impressive specs and super-fast charging capabilities.
Regulatory Insights:
According to European Union competition Chief Margrethe Vestager, “EU has been trying since last decade to get smartphone manufacturers to voluntarily agree to a common mobile phone charger. That apparently hasn't worked out so well, so the EU Commission may now take more forcible action. Given the unsatisfactory progress with this voluntary approach, the Commission will also launch an impact assessment study to evaluate costs and benefits of different other options soon,"
Influencing Trend:
Number of Manufacturers have Introduced Turbo Charger to Maximize the Charging Speed and Introduction to Solar and Wireless Mobile Chargers
Market Growth Drivers:
Robust Increase in the Smart Phone Users and Minimal Battery Capacities of the High-End Smartphones required Frequent Charging
Challenges:
Availability of Variety of Different Powered Mobile Chargers and Strategic Alliances of the Mobile Manufacturers with Charger Manufacturers
Restraints:
Lack of Durability of the Conventional Chargers and Prone to Wear and Tear of the Mobile Phone Chargers
Opportunities:
Growing Usage of Mobile Smartphones across the Globe and Continues Internet Usage has surged the Battery Drainage Rate
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Mobile Phone Chargers Market
- Analysis about New Entrants in Mobile Phone Chargers Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Mobile Phone Chargers Study Sheds Light on
The Mobile Phone Chargers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Mobile Phone Chargers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mobile Phone Chargers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.