Cordless Phone Battery Market Size, Share, Growth Opportunities, Competitive Landscape, Demand Forecast and Impact of COVID
Research Reports
Mar 16, 2022
Industry Insight
While 2020 is being an extremely eventful year for data analytics due to COVID-19 breakthrough, the global cordless phone battery market 2020 is showing some positive instincts, when studied by Market Research Future. As per COVID-19 impact analysis, the market has the potential to show immense growth, which is recorded at a rate of ~9% and is capable of reaching a valuation of USD 63.35 Billion by 2023. The growth period has been estimated from the years 2018 to 2023.
Top Grossing Factors
A cordless phone refers to a portable telephone that uses radio waves in place of wire to communicate with a base station. A modern cordless phone system uses a transmission signal from 900 MHz to 2.4 GHz and an improved antenna/receiver system to put forward clear communications. Batteries used in the cordless phone provide hours of available talk time as being rechargeable. Therefore, factors such as better voice quality, remote message pickup from the handset, improved safety feature, caller ID, and two-way paging drive the global cordless phone battery market’s growth.
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The cordless phone battery is cost-effective and environment friendly. The useful life span of cordless phone batteries ranges from one to three years. These batteries are available in different shapes and sizes, which can be deployed in various applications such as aerospace & military defense, consumer electronics, and medical equipment. These factors took the pace of expansion of the market to the next level and counted as key factors causative for the market’s sufficient growth.
MRFR also estimates that the proliferation of lithium-ion batteries in consumer electronics such as tablets, phones, laptops, and smart wearable is also supreme factors for the growth of the Cordless Phone Battery Market. The battery in cordless phones is known for propounding various benefits such as high energy density, lightweight, and less self-discharge rate. In this regard, integrating these features of batteries in a cordless phone is likely to increase the demand for cordless phone battery during the forecast period.
The usage of lithium-ion batteries (like in cordless phones) is also widely used in the automotive industry for the manufacturing of electric & hybrid vehicles. The deployment of lithium-ion batteries in electric and hybrid vehicles curtail the utilization of natural resources and facilitate in reducing the carbon emission produced by vehicles. Besides, the maintenance cost of a cordless phone battery is cheaper as the battery does not require frequent checking and changing. Hence, the growing adoption of cordless phone batteries is assumed to swell the demand during the forecast period.
In spite of these factors, another factor of interference by other devices over signal and health effects of cordless phones impedes the market growth. Thus, technological advancements, such as touch screen options and surged battery life, are proved to be an excellent opportunity for the market to expand in the following timeframe.
Segmentation of Market: Cordless Phones Battery
As per claims by MRFR, the global cordless phone battery market is more studied over segmentation that has included type, capacity, and application segments.
With respect to the type segment, the global cordless phone battery market has included Nickel Cadmium (NiCad), Nickel Metal Hydride (NiMH), and Lithium-ion (Li-ion). As per the study, the lithium-ion batteries are expected to grab the largest market share among other batteries during the assessment period. The mounting adoption of lithium-ion batteries in consumer electronics such as tablets, Smartphones, and medical devices owing to its distinct features such as lightweight and high energy density are also crucial factors for the growth of lithium-ion battery market.
With respect to capacity segment, the global cordless phone battery market has included 300-600mAh, 650-1200mAh, 1200 mAh, and more.
With respect to the application segment, the market has included automobile industry, consumer electronics, aerospace, military & defense, medical equipment, and power.
Region-Wise Analysis
The geographical breakdown global cordless phone market is considered for the key regions of Europe, North America, Asia Pacific, and the rest of the world.
MRFR claims that North America continues to dominate the global cordless phone battery market with the support of established major key players Eagle-Picher Technologies, Beckett Energy Systems (USA), Energizer Holdings Inc. (USA) LLC (USA). By this, the region is expected to be the highest market share owner throughout the forecast period.
In the same line, the Asia-Pacific region is also expected to achieve the peak CAGR among the other regions through the forecast period (2018-2023) owing to the technological advancement and increasing investment by China and India. The additional factor causative for the growth of this market in the APAC region is the existence of giant players namely E-One Moli Energy Corp. (Taiwan), BYD Company Ltd. (China), GPB International Limited (Hong Kong), FDK Corporation (Japan), Highpower International Inc. (China), GS Yuasa Corporation (Japan), Panasonic Corporation (Japan) and Jiangmen TWD Technology Co.Ltd. (China).
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Top Giant Players
The giant players operational in the market include Beckett Energy Systems (USA), Eagle-Picher Technologies LLC (USA), Johnson Controls International Plc (Ireland), Energizer Holdings Inc. (USA), Samsung SDI Co. Ltd. (South Korea), LG Chem (South Korea), GPB International Limited (Hong Kong), Highpower International Inc. (China), Ultralife Corporation (USA), GS Yuasa Corporation (Japan), Duracell Inc. (USA).
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