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Wireless Phone Chargers Market is expected to reach US$33.6 billion by 2019.
Albany, NY (PRWEB) December 13, 2014
The report states that the global wireless phone chargers market was worth US$3 million and growing at a significant CAGR, will be worth US$33.6 billion by 2019. With the help of 172 tables and figures, the 533-page research report offers an almost encyclopaedic database of information on the global wireless phone chargers market. It provides accurate historic, current, and projected numbers in terms of market size and volume, industry share, production and consumption details, demand and supply forces, and price dynamics.
Browse report with table of contents at: http://www.researchmoz.us/wireless-phone-chargers-market-shares-strategy-and-forecasts-worldwide-2013-to-2019-report.html
Wireless power has become a global phenomenon and trend that has attracted consumer demand. This emerging technology offers a plethora of benefits that enables improved and convenient phone charging experience for consumers. The wireless phone chargers market has received a tremendous boost from smartphone vendors and manufacturers who are redesigning and repositioning smartphone models to be adaptable to wireless charging. Some of the models who have followed this tactic to gain a competitive advantage are Lumia smartphone by Nokia, the Galaxy S4 by Samsung, the Droid DNA by Verizon Wireless as well as HTC, and LG Electronics’ Nexus 4.
One of the primary reasons that the wireless phone chargers market has flourished is the surging rate of adoption of smartphones across the globe. The wireless phone chargers market report estimates that by the end of the forecast period in 2019, the global user base of smartphones will be a significant 8 billion. Currently, wireless charging is still considered to be a feature only in high-end devices; however this is expected to change in the coming years, becoming a prerequisite in most devices.
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A key factor that also impacts the growth of the wireless phone chargers market is wireless infrastructure. Even with the escalating demand for smartphones, if the infrastructure is unable to support the numerous applications, it will not have much of an impact. As a result, there has been increasing focus on wireless infrastructure and the report states that this segment is estimated to witness immense growth in the future. The wireless phone chargers market report indicates that in 2012, the wireless infrastructure market stood at US$58 billion and will grow to be US$163 billion in 2019. Some of the leading wireless infrastructure technologies that are also driving the wireless phone chargers market include 4G, LTE, HSPA, and WiMax.
The report offers a detailed section on the competitive landscape of the global wireless phone chargers market. It identifies and profiles notable participants of the wireless phone chargers market and provides razor-sharp insights into individual companies.
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