Magnetic Charging Cable Market Scope
A mobile phone is merely as helpful as its battery capability, that is why an enormous priority is being placed on power banks and mobile phone chargers. one of each of the fastest-growing trends within the mobile phone business is that the use of magnetic charging cables. whereas several assume it simply for aesthetics instead of innovation, its wonderful style will end the utilization of standard charging cables within the close to future. In terms of practicality, magnetic charging cables and regular ones share a singular purpose: to charge your movable. within the style, however, magnetic charging cables are far more aesthetic than your ordinary charger by adding the foremost obvious component—a magnet. These innovative cables really involve 2 components in their design: a charger head and a cable. The magnet is what bridges the 2 along, permitting the detachable head to remain connected to your phone. whereas this might appear to be simply an associate degree addition for the lazy, it really protects your phone and your twine in various ways in which. By going away the electromagnet connected to your phone pin, it protects your phone’s internal charging pins from being bent, dirtied, or wet. other than this, it permits a safer use of your phone whereas charging—preventing the fraying from accidental pulls on your charger cord whereas it’s being employed.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | SWASTIK PACKAGING (India), LN Utility Services Private Limited (India), Varsha Telecom (India), Elite Enterprise (United States), AGPTEK (Shenzhen Mambate Industry Development Co., Ltd) (China), FlashWire USA (United States), Chargeasap Company (Australia), TekDeals (United States), VOLTA (Australia), Apple, Inc. (United States) and HOCO (China) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Asian Vendors will contribute to the maximum growth of Global Magnetic Charging Cable market throughout the predicted period.
SWASTIK PACKAGING (India), LN Utility Services Private Limited (India), Varsha Telecom (India), Elite Enterprise (United States), AGPTEK (Shenzhen Mambate Industry Development Co., Ltd) (China), FlashWire USA (United States), Chargeasap Company (Australia), TekDeals (United States), VOLTA (Australia), Apple, Inc. (United States) and HOCO (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kanex Company (United States), E Smile Technology Pvt Ltd (India), Myra Digital India Private Limited (India) and Mobbymart Technology Private Limited (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Magnetic Charging Cable market by Type and Region with country level break-up.
On the basis of geography, the market of Magnetic Charging Cable has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In November 2020, VOLTA, a manufacturer of magnetic charging cables, launched its VOLTA Spark, which is considered one of the most impressive charging cables and can be charged with 100W USB-C power. VOLTA cables are made of military-grade nylon, corrosion-resistant aluminum, or zinc conductor construction.
Influencing Trend:
Adoption of The Cables in The Developing Countries
Market Growth Drivers:
Increase in The Need for Fast Chargers and Increase in The Need for Flexible and Durable Power Chargers
Challenges:
Availability of Substitutes
Restraints:
Fluctuating Price of Raw Materials
Opportunities:
Investments Made by Countries in Development of Magnetic Charging Cable
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Magnetic Charging Cable, Suppliers and Distributors of Magnetic Charging Cable, Venture Capitalists and Private Equity Firms and End-Use Industry