What is the Historic and Current Scenario of the Wired Charging Market?
The wired charging market has seen considerable growth due to a variety of factors.
• The expansion of the wired charging market has maintained steady progress over the recent years. The market size is projected to increase from $14.38 billion in 2024 to $14.99 billion in 2025, boasting a compound annual growth rate (CAGR) of 4.2%.
The increased proliferation of smartphones, widespread use of consumer electronics, electric vehicle charging practices, urban mobility, and the integration of wireless charging are all key factors contributing to the historic growth in this sector.
What are the Forecasted Growth and Key Factors of the Wired Charging Market?
The wired charging market is expected to maintain its strong growth trajectory in upcoming years.
• It is anticipated that the wired charging market will witness substantial growth in the coming years, expanding to a whopping $18.6 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%.
Factors likely to fuel the growth during the forecast period include the integration with smart homes, a speedy charging ecosystem, the increasing shift towards electric transportation, initiatives for green technology, along with gaming and other high-performance devices. Notable trends projected for the forecast period encompass rapid charging technology, usb power delivery (usb-pd), usb type-c connectivity, integration with IoT devices, and the ability to charge multiple devices simultaneously.
What Are the Critical Driver Fuelling the Wired Charging Market's Growth?
The rising need for charging station installations is a major contributor to the boom in the wired charging market. Wired charging typically involves the use of a cable, and is employed to power up a variety of consumer electronics, electric vehicles, healthcare products, and personal care items. Growing environmental awareness has seen a shift in consumer preferences towards electric vehicles. With the escalating demand for these vehicles, there is anticipated to be a significant requirement for wired charging infrastructure at charging stations. For instance, Twilio Inc., an American-based cloud communications platform, predicted in January 2023 that there would be 12.9 million publicly accessible EV charging stations by 2030. Therefore, the growing demand to establish charging stations is envisioned to further stimulate the expansion of the wired charging market.
How Is the Wired Charging Market segmented?
The wired charging market covered in this report is segmented –
1) By Type: Type C, Micro USB, Lightning, Other Types
2) By Charging Type: Standard, Fast
3) By Sales Channel: Online, Offline
4) By Application: Automotive, Consumer Electronics, Smartphones, Tablets, Healthcare Devices, Other Applications
Subsegments:
1) By Type C: USB-C Charging Cables, USB-C Fast Chargers
2) By Micro USB: Standard Micro USB Cables, Micro USB Fast Chargers
3) By Lightning: Lightning Charging Cables, Lightning Fast Chargers
4) By Other Types: Mini USB, Proprietary Charging Cables
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What New Trends Are Influencing the Wired Charging Market?
The role of technological progress and the introduction of advanced tech products is the leading trend in the wired charging market. This growth is marked by the unveiling of superior chargers integrated with mobile applications for efficient charging management, along with enhanced features such as rapid charging, compatibility with any gadget, and more. Major market players are concentrating their efforts on the release of advanced chargers to achieve a competitive advantage and attract additional clientele. For instance, in October 2022, Palo Alto, a US firm involved in EV charging software, collaborated with Smartenit, a US company specializing in Internet of Things (IoT) solutions for smart energy. Together, they launched a smart grid-optimized Level 1 mobile EV cable, which provides cost-effective EV charging for apartment residents or multi-unit dwellings (MUDs) without dedicated EV charging stations. The smart EV cable includes a mobile charging cord with a standard charging port that plugs into a 120v three-prong outlet. The device's built-in Wi-Fi modem connects it to an app, enabling automatic off-peak charging schedules, thus reducing charging costs for EV drivers.
Who Are the Key Players in the Wired Charging Market?
Major companies operating in the wired charging market include:
• Apple Inc.
• Dell Technologies Inc.
• Delta Electronics Inc.
• Amazon.com Inc.
• Anker Innovations Limited
• AUKEY
• Belkin International Inc.
• Cable Matters Inc.
• Griffin Technology LLC
• Hama GmbH & Co KG
• SDI Technologies Inc.
• Incipio LLC
• Just Wireless
• Monoprice Inc.
• mophie LLC
• Native Union Design Limited
• Nekteck Inc.
• Koninklijke Philips N.V.
• Pisen Electronics Co. Ltd.
• RAVPower Inc.
• Samsung Electronics Co. Ltd.
• Scosche Industries Inc.
• Sony Corporation
• Targus Group International Inc.
• Ugreen Group Limited
• Ventev Innovations LLC
• XtremeMac
What Is The Most Dominant Region In The Wired Charging Market?
Asia-Pacific was the largest region in the wired charging market in 2024. The regions covered in the wired charging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
