Smartphone vendors like Samsung, Xiaomi, and OPPO and tech vendors like Infineon, MediaTek, Samsung SDI, and Qualcomm are fueling the wireless charging boom with proprietary solutions that recharge a battery faster than ever before.
According to market research firm Strategy Analytics, the installed base of smartphones capable of wireless charging will hit a record 1 billion by the end of 2021.
Since its introduction 10 years ago, wireless charging has grown from a delicate niche technology to a much-requested charging solution for high-end smartphones.
“By 2026, we expect it to exceed 2.2 billion smartphones compatible with wireless charging as the growing middle classes in emerging countries expand the addressable market for high-end smartphones with this technology,” said Ken Hyers, director of Strategy Analytics.
Despite the higher cost that wireless charging adds to smartphones, device sales are strongest in the Asia-Pacific region, where 49% of the installed base of smartphones that support wireless charging is located.
“The rapidly growing middle classes in China, India, Indonesia, the Philippines, Vietnam and elsewhere in the Asia-Pacific region mean that a growing proportion of the region’s population can afford the technology,” said Ville-Petteri Ukonaho, Associate Director of Strategy Analytics.
North America accounts for 21 percent of the installed base and Western Europe only 16 percent.
Smartphone suppliers, especially those in China, are introducing more advanced charging solutions, such as Xiaomi’s Mi Air Charge.
“The Asia-Pacific region will remain the largest market for wireless charging solutions for the foreseeable future and will continue to increase its share of the installed base of smartphones compatible with wireless charging,” said Yiwen Wu, senior analyst.