Growing Markets for Wireless Charging and EV Charging

The global wireless charging IC market is predicted to grow significantly in the coming years, driven by technological advancements and strategic acquisitions. The market is expected to reach $7.37 billion by 2027, reflecting a CAGR of 20.6%. The electric vehicle charging connector market is also expected to grow due to investments and laws promoting the adoption of electric vehicles. The EV charging station market is projected to grow at a CAGR of 45.0% from 2022 to 2027, driven by rising EV sales and government support. The wireless EV charging market is expected to reach USD 567.7 million by 2030, driven by the surge in EV demand and advancements in wireless charging technology.