UK wireless charger market is estimated to grow considerably at a CAGR of 33.0% during the forecast period. UK is among the largest economy in Europe along with Germany and France, majorly owing to its trading power and financial businesses. The manufacturing industry in UK has seen a decline in recent years, accounting for around 10% of the decline in economic output due to the rise in service-based industries in the country. The country has an extensive trade relationship with other European members, owing to its single market membership. The country has well-developed ICT infrastructure, with continuous development in the electronics industry. UK is considered as one of the major contributors in the European wireless charger market owing to the potential of the electric vehicle industry.
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Growing demand in the automotive industry and consumer goods industry, also driving the growth of the wireless charger market. A substantial number of mobile-cellular subscriptions in the UK have fuelled the growth of the wireless charger market. In 2014, the total mobile-cellular subscriptions in the UK were 78.5 million which reached 78.9 million in 2018. Additionally, the increasing demand for smartphones and technological advancement creates demand for a wireless charger in the region. In UK, Apple, Inc., Samsung Electronics, Co. Ltd., and Huawei Technologies Co., Ltd. majorly dominates smartphone sales. Among these Apple leads the smartphone market by around 35% despite net sales decreased during 2019 compared to 2018 due to lower iPhone net sales, partially offset by higher wearables, home and accessories and services net sales.
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The companies which are contributing to the growth of UK wireless charger market include Aircharge, BMW AG, Samsung Electronics Co., Ltd., Tesla Inc., and Huawei Technologies Co., Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in January 2020, Oral-B unveiled the latest Oral-B iO range of electric toothbrush at Consumer Electronics Show 2020. Further, in October 2019, Oral-B Launched its latest innovation named Genius X with an AI power toothbrush.
Market Segmentation
UK Wireless Charger Market by Technology
- Inductive Coupling
- Magnetic Resonance
- Radio Frequency Radiation
UK Wireless Charger Market by Mobility
- Static Wireless Charger
- Mobile Wireless Charger
UK Wireless Charger Market by Application
- Portable Electronic Devices
- Automobile
- Healthcare
- Others (Consumer Products)
Company Profiles
- ABL
- Aircharge
- BMW AG
- CHARGit Holdings Ltd.
- Huawei Technologies Co., Ltd.
- Mastercharge
- Oral B
- QiConnect Ltd.
- Samsung Electronics Co., Ltd.
- Tesla Inc.
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