Market Snapshot:
Magnetic charging enhances the simplicity and dependability of charging smartphones and computing devices by electrically transferring electricity from a power source to a receiving device without the need for a connected connection. The need for magnetic chargers has increased as the production of electronic devices has increased around the world, and the leading players in the market are focusing on developing new technology.
Highlights from Magnetic Charger Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Samsung (South Korea), Apple (United States), Google (United States), Volta (United States), Panasonic (Japan), Anker (China), Xiaomi (China), XVIDA (Slovenia), Philips (Netherlands) and Huawei (China). Additionally, other players that are part of this comprehensive study are PITAKA (Hong-Kong), Realme (China) and Shenzhen Gobay Electronics (China).
Geographic Breakdown and Segment Analysis
The Global Magnetic Charger market presents a comprehensive analysis of the Magnetic Charger market by product type (Radio Charging, Inductive Charging and Resonance Charging), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Magnetic Charger industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Magnetic Charger market
Analyst at AMA have segmented the market study of Global Magnetic Charger market by Type, Application and Region.
Influencing Trend:
The rapid advancement of technology becomes one major trend in this industry, it may soon be able to send power via the air over lengths of several meters.
Market Growth Drivers:
The growth in electronic devices like mobiles, tab laptops, etc. is driving the market for magnetic charging. Furthermore, the magnetic charging business is boosted by the ever-expanding portable wearables and gadgets sector.
Challenges:
High Cost Associated with Magnetic Chargers
Restraints:
Different types of wireless chargers, such as charging pads, charging bowls, and charging boxes, are required for various devices, posing a compatibility challenge. As a result, a user is required to buy a large number of wireless chargers in order to accommodate a variety of things. Although some manufacturers offer multi-device wireless chargers, the overall issue of non-Qi-enabled device compatibility is expected to limit wireless charging device adoption.
Opportunities:
For the same amount of provided power, the higher the efficiency, the lower the cost and size of the charger. Magnetic chargers provide security, affordability, and efficiency benefits, and increased customer confidence in such chargers is projected to drive market expansion.
Market Developments Activities:
In October 2020, Apple launched its new magnetic charger for iphone 12. The charger will have a "ring-shaped magnet mechanism," according to the business, which will function in conjunction with a new feature in the upcoming iPhones.
In August 2021, Realme announced the introduction of a New Magnetic Charger MagDart that will support 66W output for mobile devices which is more than Apple’s Magsfe 15W Output. Realme will sell this product at low cost than Apple’s Magsafe.
Key Target Audience
Venture and Capitalist, E-Commerce Companies, Raw materials Suppliers, Magnetic Charger Supplier, Distributor and Manufacturer, New entrants/investors and End-Consumer