An average modern day smartphone has more processing power than the first satellite sent into space! However, battery technology has not progressed anywhere near as rapidly which is why the demand for chargers and battery packs is very high. Wireless charging provides an added convenience to customers, as they can use their devices without worrying about stretching the power cable to its maximum point. Until there is some kind of revolution in battery tech which improves it substantially, the short range wireless power charging market can only be expected to grow in double digits in the days to come.
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These devices usually work best with wireless technology, also spurring demand for devices sold in the short range wireless power charging market. A lack of available electric points at various locations is also a major reason for customers going the wireless route. It is also relevant in the automobile, healthcare and defence industries since end-users of these products prefer a hassle-free, wireless experience while charging their electronic devices. All these factors can be expected to ensure sufficient growth for the short range wireless power charging market in the near future.
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This can challenge the growth of the overall short range wireless power charging market. Another major issue is the slow charging speed. Wireless charging devices are frequently slower than wired chargers. With the introduction of fast charging wired cables, customers might not have an incentive to purchase wireless chargers. This can be a major issue for the short range wireless power charging market.
This is due to rapid adoption of smartphones, focus on electric vehicles to combat rising air pollution in cities, a growing acceptance of such technology and also importance given to domestic healthcare, automobile manufacturing and defence industries. This will drive demand for the Asian short range wireless power charging market in the long term.
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