The wireless charging market will grow considerably in the years to come. The key reasons accountable for the growth of the industry include a surge in the requirement for wireless charging in headphones, smartphones, smartwatches, and further consumer electronics, disposition of wireless charging capabilities in medical apparatus, and development of the EV industry.
Per se, for charging electric vehicles, there are more EVs than charging amenities. Wireless charging uses radio frequencies transmitted with the help of a wireless charger and picked up by a receiver within the device, and they are then transformed to DC voltage. Wireless power transfer does not hinge on the alignment of the transmitter and receiver, therefore offer users an easy charging experience.
North America a is the leader of the wireless charging market because of the existence of many big names of the industry, such as Energizer Holdings Inc., Plugless Power LLC, Qualcomm Technologies Inc., and WiTricity Corporation; fast advance in the sales of consumer electronic products, and wireless charging innovations in the EV industry and medical devices, all of which have fortified manufacturers to invest profoundly in wireless charging.
The APAC region is growing as a result of the increasing requirement for electric vehicles and consumer electronics, such as smartwatches, smartphones, laptops ear pods, gaming consoles, and PDAs.
The robust requirement for wireless charging in smartphones and many additional consumer electronic devices, for example smartwatches and earphones, is one of the main drivers of the industry.
Wireless charging is turning out to be more prevalent in the EV industry every year as it will replace the traditional method of connecting the automobile to a power source with a cord. Wireless charging is implemented in all- EVs to decrease human involvement, helping in the development of the industry. Wireless charging allows EVs to charge without any kind of plug.
It is because of the development of EV charging infra all over the world, the demand for wireless charging solutions is on the rise.