Wired Charging Market Size, Cost Structure, Growth Analysis and Forecasts to 2030

Research Dive has recently added a new report on Wired Charging Market Size Share which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of Wired Charging Market Size Share

Scientific and technological advancements inevitably give rise to new debates. The invention of electricity gave rise to debates regarding the best ways to produce it, the invention of genetic engineering has given rise to debates regarding the ethicality of the issue and whether genetically modified crops are environmentally sustainable. Elon Musk’s Starship Project has given rise to debates regarding the feasibility to colonizing Mars and space travel. Every new technology is hotly debated till one of the sides is proven right/wrong or a newer technology arrives and effectively renders the older one useless. The concept of chargeable batteries was heavily debated for a long time from all angles of environment, economics, and what not. Today, the debate has shifted from whether batteries should be rechargeable to how they should be recharged. The birth of wireless technology has triggered this debate. The debate has occupied a fairly important space in today’s world mainly because of the sheer extent of usage of rechargeable batteries- mobile phones, laptops, shaving trimmers, remote controls, etc. So, let’s get to the point- Which one is better: Wired charging or wireless charging?

 

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Why Wireless Charging is Gaining Popularity?

Wireless charging in the recent years have gained a lot of popularity especially after the boom of ‘smart devices.’ Be it smartphones or smartwatches, wireless charging technology has been adopted by a large section of “tech-savvy” population to charge these devices. This shift has taken place primarily due to some basic advantages of wireless charging technology over wired charging. They are:

 

Convenience

The biggest advantage associated with wireless charging is that of convenience. Wireless charging is much more convenient than wired charging for obvious reason of no involvement of long charging cords. Also, wireless charging technology makes the issue of having specific charging pin types for specific devices, redundant. In wireless charging technology, all you have to do is to put the device to be charged on the charging pad.

 

No Wear and Tear

Since charging chords are not needed in wireless charging, the issue of wear and tear of these charging chords and charging ports is effectively nullified. Wireless charging is thus advantageous over wired charging in that it increases the life of the electronic gadget.

 

Simultaneous Charging of Multiple Devices

Wireless charging has one more advantage of allowing charging of multiple ‘smart’ devices simultaneously. Since there are different charging pin types for different devices, carrying different chords for these pin types becomes cumbersome. Also, different chords mean that these devices can’t be charged at ones. Wireless charging solves this problem with a one-size-fits-all type of solution. A single charging pad can charge multiple devices, that too of different pin types, simultaneously.

 

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Safety

Absence of charging chords also helps in reducing the risk associated with them in terms of electric shocks and exposure to electric sockets and connectors. Wired charging techniques have had this problem of transmitting unwarranted electric currents outside their mandated “zones”, in case of electric failures. Wireless charging is absolutely safe in this respect. Also, many people are skeptical of plugging their USB chords for charging their devices as they fear their data might be shared through these wires. Wireless charging allays these fears too.

 

Why is Wired Charging Technology Still Ruling the Roost?

A market analysis report by Research Dive shows that the global wired charging market is set to grow with a healthy CAGR of 4.5% in the 2021-2028 timeframe. This essentially means that despite wireless charging providing so many benefits, wired charging has advantages of its own which make people stick to this technology even now. Some of these advantages are mentioned below.

 

Efficient

Wired charging is unambiguously more efficient and faster than wireless charging technology. Wireless charging on an average takes twice the time taken by wired charging for one complete recharge of the device.

 

Use While Charging

The devices that are being charged, especially smartphones, can’t be used while charging through wireless means. This is because, as soon as the smartphone is picked up from the charging pad, its charging stops. In wired charging, since the electric charging chord it used, the smartphone can be used even when it is being charged.

 

Cost

Since, wireless charging technology is quite new, the cost is on the higher side as compared to wired charging technology, which is cheap due to extremely low cost associated with the charging cables.

 

Battery Damage

In some cases, battery damages have been reported due to overcharging and overheating while using wireless charging technology. This problem, though reported in wired charging also, it is on a much lower scale than it is reported for wireless technology. Also, though the wear and tear of charging ports is minimized in wireless technology, early wear and tear of the battery is being reported in case of using wireless technology.

 

The Bottom Line

Both the technologies have their associated advantages and disadvantages. Opting for a technology that is supported by your device and the one that suits your lifestyle is advised. Wired charging is surely the dominant technology of the two right now but technological upheaval in today’s world not even slightly surprising; it can quickly go out of style is it doesn’t address its inherent flaws.

 

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