The global wireless charger market is anticipated to grow at a considerable CAGR of 19.8% during the forecast period (2021-2027). The people moving towards digitalization for their regular needs are driving the wireless charger market during the forecast period. The current COVID-19 situation had boosted the growth of digitalization due to social distancing restrictions and an increase in work-from-home culture. The traditional way of charging involves lots of challenges including electric shocks, cable disruption or breakage, and many more. These challenges are relieved by the evolution of wireless charging systems. Various market players in this industry are still continuously researching and innovating new ways of charging wirelessly to comfort the end-users.
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In January 2020, Panasonic Automotive Systems Company of America had launched two varieties of in-vehicle wireless charging technology including moving coil and static coil types which follow the Qi 1.3 charging standard. This charging will enable the user to charge their devices without the need of carrying cables with a power of 15W. A similar device in August 2020 was launched by NXP Semiconductors N.V. with multiple devices charging systems supported by all phones including the latest models of iPhone, Samsung, Huawei, and Xiaomi.
For monitoring the health of animals, Energous Corp. and American Equus had launched a wirelessly charged equine health-tracking sensor in January 2021 which can track animal’s temperature, heart rate, and leg position. This is specially designed for the horseracing industry. In addition to this, Energous Corp. had partnered with Thin Film Electronics ASA in February 2021 to simplify the wireless charging system for hearable and wearable. The Energous Corp. is also working with e-peas S.A. to generate radio frequency-based a-distance wireless charging applications for smart buildings, industrial IoT sensors, retail electronic displays, and many more.
The innovation and research in the mobile industry are also boosting the wireless chargers market side by side. For instance, Renesas Electronics Corp. had partnered with Qualcomm Technologies, Inc. to prepare a 30W wireless charging system for the 5G smartphones.
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Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Technology
· By Mobility
· By Industry
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
