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HomePress ReleaseEIN PresswireWireless Charging Module Market anticipated to reach US$1.2 billion by 2028

Wireless Charging Module Market anticipated to reach US$1.2 billion by 2028

The wi-fi charging module market is anticipated to develop at a CAGR 7.06% from a market valuation of $770.824 million in 2021 to reach $1,242.254 million in 2028.

Main components driving the wi-fi charging module market embrace technological developments, steady product launches, increasing automotive and electronics trade, and rising client demand. ”

— Information Sourcing Intelligence

NOIDA, UTTAR PRADESH, INDIA, August 1, 2023/ — In accordance to a brand new examine printed by Information Sourcing Intelligence, the Wireless Charging Module Market is projected to develop at a CAGR of seven.06% between 2023 and 2028 to reach US$1,242.254 million by 2028.

The prime components propelling the expansion of the wi-fi charging module market embrace technological developments, steady product launches, increasing automotive and electronics trade, and rising client demand.

A wi-fi charging module is a tool that enables digital units to cost with out the necessity for bodily cables or connectors. As a substitute of plugging a tool right into a charging port, wi-fi charging modules use electromagnetic fields to switch energy between the charging station (transmitter) and the appropriate gadget (receiver) wirelessly.

Numerous collaborations and technological developments are driving the wi-fi charging module market. As an example, EVM launched a 3-in-1 wi-fi charging pad named EnPad in December 2022. It may possibly cost a tool at a considerably sooner charge as in contrast to different choices out there in accordance to firm claims.

Entry pattern report or view particulars:

The wi-fi charging module market is split into automotive, client electronics, and industrial, relying on the appliance. The patron electronics section is projected to develop quickly because of the introduction of wi-fi module charging by means of charging pads for smartphones and wearables. As an example, the Web Innovation Alliance predicted that the variety of US smartphone customers will exceed 270 million by 2022 and greater than 95% of the inhabitants had a cellular. Furthermore, the buyer electronics product launches are additional boosting the section’s development. As an example, Infineon Applied sciences launched the SECORA Join X which is a whole NFC answer in March 2023 that provides NFC wi-fi charging for sensible wearables together with sensible rings, wristbands, and smartwatches.

The wi-fi charging module market is segmented into Magsafe charging and Qi charging based mostly on the charging expertise. The overwhelming majority of smartphone makers began implementing inductive charging into their handsets and accepted the Qi wi-fi charging commonplace previously few years which is augmenting the Qi charging section development together with the product launches. As an example, NuCurrent and Shanghai Amphenol Airwave launched Qi2 Max™ wi-fi charging module with NXP semiconductors for OEMs in Might 2023. It presents a versatile, easy-to-integrate answer that accelerates product improvement whereas assuring compliance with the newest wi-fi charging requirements.

In accordance to geographic segmentation, Asia Pacific is anticipated to maintain a large share of the wi-fi charging module market in the course of the forecast interval owing to technological developments, increasing electronics and automotive sector, and the presence of market leaders equivalent to Qualcomm, Energizer, and Plugless Energy amongst others. As an example, Stuffcool launched a Magic Wireless charging station in India in Might 2023 which may cost iPhone and AirPods concurrently. Furthermore, China is the world’s largest car market which can be boosting the market development within the area. As an example, in accordance to the Chinese language Ministry of Trade and Data Know-how, over 26 million automobiles, together with 21.48 million passenger automobiles have been offered in 2021 which was a rise of seven.1% from the earlier yr.

The market analysis examine consists of protection of Qualcomm, Infineon, Ossia, Mouser Electronics, SP United USA, MIMAN, Astronics Company, Suzhou OnePointech E-Commerce Co., Ltd., and Texas Devices Integrated amongst different important market gamers within the wi-fi charging module market.

The report segments the wi-fi charging module market on the next foundation:

• By Utility

o Automotive

o Client Electronics

o Industrial

• By Charging Know-how

o MagSafe Charging

o Qi Charging

• By Geography

o Americas


• Others

o Europe Center East and Africa

• United Kingdom

• Germany

• France

• Others

o Asia Pacific

• China

• Japan

• India

• South Korea

• Taiwan

• Others

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Ankit Mishra
Information Sourcing Intelligence
+1 850-250-1698
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