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Wireless Charging Market size is set to grow by USD 25.17 billion from 2024-2028, Proliferating demand for electric vehicles boost the market, Technavio

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NEW YORK, July 4, 2024 /PRNewswire/ — The global wireless charging market size is estimated to grow by USD 25.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  34.28%  during the forecast period. Proliferating demand for electric vehicles is driving market growth, with a trend towards backward integration by oems to develop inductive charging systems. However, high installation cost of wireless charging technology  poses a challenge. Key market players include Delta Electronics Inc., Energizer Holdings Inc., Energous Corp., etatronix GmbH, Leggett and Platt Inc., LG Electronics Inc., Murata Manufacturing Co. Ltd., Ossia Inc., Powercast Corp., Powermat Technologies Ltd., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Sony Group Corp., Texas Instruments Inc., WiTricity Corp., and ZENS.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Wireless Charging Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 34.28%

Market growth 2024-2028

USD 25172.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

25.64

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

Europe at 33%

Key countries

US, China, Germany, UK, and Japan

Key companies profiled

Delta Electronics Inc., Energizer Holdings Inc., Energous Corp., etatronix GmbH, Leggett and Platt Inc., LG Electronics Inc., Murata Manufacturing Co. Ltd., Ossia Inc., Powercast Corp., Powermat Technologies Ltd., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Sony Group Corp., Texas Instruments Inc., WiTricity Corp., and ZENS

Market Driver

In the automotive industry, major EV manufacturers like BMW, Audi, and Daimler are expanding their in-house wireless charging solutions for electric vehicles. BMW introduced wireless charging for their i3 and i8 models, while Audi offers an optional inductive charging system for their e-tron model. Approximately 80% of charging occurs at home, making in-house solutions crucial. Audi’s wireless charging system, with a height of 7 cm and a weight of 40 kg, occupies around 6,300 sq.cm. The compatible e-tron model detects the charging plate via a multi-media interface (MMI), and the Z-mover, measuring 60 cm x 60 cm, approaches the vehicle’s bottom when within 1 cm, ensuring 90% charging efficiency. The development of in-house wireless charging systems by automakers is expected to boost the global wireless charging market’s growth during the forecast period. 

The Wireless Charging market is experiencing significant growth, driven by trends in Electric Vehicles (EVs), Furniture, Infrastructure, and the Internet of Things (IoT). Long-range wireless charging and bi-directional charging are gaining traction in the Automotive application, enabling fleet electrification and smart city initiatives. Inductive and resonant technologies are leading the market, with Qi standard and Power Matters Alliance setting the wireless charging standard. Receiver segments include consumer electronics, EV owners, and the Defense sector. Semiconductor industry investment in contactless solutions, hygiene awareness, and digital connectivity are fueling market growth. High-speed wireless charging, simultaneous multi-device charging, and various power sources like Morphine, Transmitter, and Receiver components are key market offerings. Urban planning, ICT investment, and environment awareness are also influencing the market ecosystem. The pandemic has accelerated the adoption of wireless charging in various industries, including EVs, consumer electronics, and industrial applications. Companies like PNY Technologies and cordless charger manufacturers are leading the charge in this dynamic market. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

•         The wireless charging market has seen considerable advancements in the last three decades, driven by investments in technology and consumer preferences. However, the implementation of wireless charging technology comes with a higher cost compared to traditional wired systems. This cost difference, which can be as much as 30%, acts as a significant barrier to mass-scale adoption. The high cost is due to the expensive components required for manufacturing and installation. As a result, end-users often opt for wired charging systems, posing a challenge to the growth of the wireless charging market. This cost hurdle may persist during the forecast period.

•         The Wireless Charging Market is experiencing significant growth due to increasing demand from various sectors like Automotive, Fleet Electrification, Smart Cities, and Urban Planning. Challenges include developing high-speed wireless charging solutions for Simultaneous Multi-Device Charging, ensuring durability against Wear and Tear, and establishing a universal Wireless Charging Standard. The Semiconductor Industry is investing heavily in Contactless Solutions for Consumer Electronics, EV Owners seek Convenience Factors, and Hygiene Awareness is driving the adoption of Wireless Charging in Healthcare and Industrial settings. Power sources like Morphine and Transmitter-Receiver Components are crucial. Qi-based Charging Stations are common, with companies like PNY Technologies and Samsung Electronics leading the charge. The Defense Sector, Aerospace, and Defense also utilize Wireless Charging through Radio Charging and Resonance Charging. ICT Investment, Environment Awareness, and the Pandemic have further boosted the market. Cordless Chargers are popular in Industrial and Consumer Electronics, while Infineon Technology and LG Electronics are key players.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This wireless charging market report extensively covers market segmentation by  

Technology 1.1 Inductive1.2 Resonant1.3 Radio frequency1.4 OthersComponent 2.1 Receivers2.2 TransmittersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Inductive-  The wireless charging market is growing rapidly as technology advances. Companies like Apple and Samsung have introduced wireless charging in their latest devices. This convenience is driving consumer demand. The market is expected to reach USD40.2 billion by 2025, growing at a CAGR of 21.7% from 2019 to 2025. Key players include PowerMat, Energous, and Witricity. Wireless charging offers freedom from cords and is more efficient than traditional wired charging. It’s a game-changer in the electronics industry.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The wireless charging market is experiencing significant growth due to the increasing adoption of electric vehicles (EVs) and the proliferation of wireless charging technology in various industries. Furniture and infrastructure are integrating wireless charging pads for convenience, with the Qi standard and Power Matters Alliance leading the way. Long-range wireless charging and bi-directional charging are emerging trends, enabling simultaneous multi-device charging and power transfer between devices. The Internet of Things (IoT) is also driving demand for wireless charging in industrial, healthcare, aerospace, and defense applications. The semiconductor industry is playing a crucial role in the development of high-speed wireless charging solutions. EV owners are increasingly opting for Qi-based charging stations and cordless chargers for their convenience. Magnetic resonance and induction are popular wireless charging technologies, with high-speed wireless charging offering faster charging times. However, concerns around wear and tear and the need for standardization remain challenges for the market. Samsung Electronics and Infineon Technology are among the companies driving innovation in this space.

Market Research Overview

The Wireless Charging Market encompasses various applications, including Electric Vehicles (EVs), Furniture, Infrastructure, and Consumer Electronics. This market is driven by advancements in technologies such as Long-range wireless charging, Bi-directional wireless charging, Inductive charging, and Magnetic resonance. The Internet of Things (IoT) and Qi standard are key ecosystems shaping the market. Inductive technology and Resonant technology, along with Radio Frequency technology, are the primary wireless charging technologies. The Receiver segment, including Morphie and PNY Technologies’ cordless chargers, plays a crucial role. Automotive applications, including fleet electrification and smart city initiatives, are significant markets. Urban planning and high-speed wireless charging for Simultaneous multi-device charging are emerging trends. Wear and tear, EV owners’ convenience, hygiene awareness, digital connectivity, and power sources are crucial factors. The Semiconductor industry and ICT investment are significant contributors. The Defense sector, Healthcare, Aerospace and defense, and Samsung Electronics, Infineon Technology, and LG Electronics are key players in this market. Wireless charging standards, contactless solutions, and environmental awareness are essential considerations. The pandemic’s impact on consumer behavior and the rise of electric cars are significant market drivers. Qi-based charging stations and Radio charging, Resonance charging are also gaining popularity.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyInductiveResonantRadio FrequencyOthersComponentReceiversTransmittersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Sidus Space Announces Closing of Offering

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CAPE CANAVERAL, Fla., April 21, 2026 /PRNewswire/ — Sidus Space, Inc. (Nasdaq: SIDU) (“Sidus” or the “Company”), an innovative space and defense technology company, today announced the closing of its previously announced best-efforts offering of 13,453,700 shares of its Class A common stock (or pre-funded warrants (“Pre-funded Warrants”) in lieu thereof). Each share of Class A common stock (or Pre-funded Warrant) was sold at an offering price of $4.35 per share (inclusive of the Pre-funded Warrant exercise price) for gross proceeds of approximately $58.5 million, before deducting the placement agent’s fees and offering expenses. All of the shares of Class A common stock and Pre-funded Warrants were offered by the Company.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

ThinkEquity acted as sole placement agent for the offering.

The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-292839), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 20, 2026, and declared effective on February 4, 2026. The offering was made by means of a written prospectus. A final prospectus supplement and accompanying prospectus related to the offering have been filed with the SEC and made available on the SEC’s website. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Sidus Space

Sidus Space (NASDAQ: SIDU) is an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space systems and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: sidusspace.com.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s prospectus supplement and Annual Report on Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts

Investor Relations
Investor-Relations@sidusspace.com

Media
press@sidusspace.com

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SOURCE Sidus Space, Inc.

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Ezee Fiber Connects First Customers in Santa Fe, Accelerates New Mexico Expansion

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HOUSTON, April 21, 2026 /PRNewswire/ — Ezee Fiber, a fast-growing fiber internet company delivering 100% fiber-to-the-home (FTTH) service, announced it has connected its first customers in Santa Fe, New Mexico. This milestone marks the company’s first major step in building its Santa Fe network and expanding multi-gigabit, symmetrical fiber service across the state.

Installations are now underway, giving residents access to Ezee Fiber’s high-performance network, which features symmetrical multi-gig speeds, no data caps, no hidden fees and transparent lifetime pricing. The company also emphasizes locally staffed customer support and a reliable, high-quality experience that sets it apart from legacy providers.

“We’re excited to bring our modern, 100% fiber network to homes the state capital,” said Carlos Rosas, Senior Vice President and General Manager, Southwest Region at Ezee Fiber. “Communities deserve more than basic connectivity. We are focused on delivering ultra-fast speeds, reliability and long-term infrastructure that supports how people live and work today.”

Ezee Fiber began expanding in New Mexico in 2024 and continues to scale rapidly. In addition to Santa Fe, the company is building fiber infrastructure in Albuquerque and surrounding communities, with service activating on a rolling basis as construction is completed.

Residents can expect construction activity to move efficiently through neighborhoods. Ezee Fiber will provide advance notice before work begins and will restore all areas in line with municipal requirements and industry best practices.

Residents can check availability and learn more at ezeefiber.com.

About Ezee Fiber

Ezee Fiber is a rapidly growing fiber internet company delivering premium multi-gig service to residential, business, and government customers over a 100% fiber-optic network—at exceptional value.

The company’s carrier-grade infrastructure spans Texas, New Mexico, Illinois, Oregon, Michigan and Washington, supported by local teams who live and work in the communities they serve. Ezee Fiber’s industry-leading speeds, award-winning customer service, and transparent pricing model set the company apart. Learn more at www.ezeefiber.com.

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SOURCE Ezee Fiber

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CFA Institute calls for functional, proportionate AI oversight to safeguard UK retail investors and market integrity

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LONDON, April 21, 2026 /PRNewswire/ — CFA Institute, the global association of investment professionals, has published its response to the Financial Conduct Authority’s (FCA) Review into the long-term impact of artificial intelligence on retail financial services (the “Mills Review”). CFA Institute welcomes the FCA’s technology-neutral approach, while urging greater operational clarity to ensure responsible AI deployment.

In its submission, CFA Institute supports anchoring AI oversight within the UK’s existing principles-based framework, including the Consumer Duty and the Senior Managers and Certification Regime (SM&CR), rather than introducing a standalone AI rulebook. However, it emphasizes that supervisory expectations must be clearer and more practical as AI systems move from assistive tools to advisory functions and, ultimately, autonomous agents.

CFA Institute argues that regulation should follow what AI systems do for consumers, not how they are labelled or constructed. AI-enabled retail interfaces may generate “advice-like” outcomes, such as personalized product steering or portfolio construction guidance, without formally crossing regulatory thresholds. A substance-over-form approach is therefore essential to prevent regulatory arbitrage and ensure consistent consumer protection.

While the Consumer Duty provides a robust foundation, CFA Institute calls for AI-specific articulation of how its four outcomes apply where decision-making is increasingly delegated to automated systems. In particular, the response highlights a risk of automation bias, which may reduce effective consumer outcomes, especially among vulnerable customers.

Firms should be expected to test, monitor and evidence outcomes based on how consumers actually use AI systems in practice, not solely on how they are intended to function.

The submission also identifies a potential governance gap where firms report formal accountability for AI systems yet lack deep operational understanding of complex or third-party models. CFA Institute recommends clearer expectations around what “reasonable steps” and “meaningful oversight” mean under SM&CR and SYSC when AI is deployed in material retail use cases.

It further calls for:

A proportionate, tiered governance framework aligned to the assistive–advisory–autonomous spectrumClear allocation of end-to-end accountability for consumer outcomesReinforced oversight of third-party AI dependencies and operational resilience risks.

Although retail-focused, the response underscores broader market structure implications, including model concentration, correlated behavior, and third-party dependencies that could amplify volatility in stressed conditions. CFA Institute encourages close coordination between the FCA and the Bank of England, as well as continued alignment with IOSCO and the Financial Stability Board, to reduce fragmentation and support the UK’s global competitiveness.

Finally, CFA Institute stresses that responsible AI adoption depends on developing “hybrid” talent, professionals who combine technological fluency with fiduciary judgement and market expertise. Strengthening professional standards and supervisory capability should form part of the UK’s long-term AI competitiveness strategy.

Olivier Fines, CFA, Head of Advocacy and Capital Markets Policy at CFA Institute, said: “Artificial intelligence has the potential to expand access, improve efficiency and strengthen retail financial services, but only if trust and accountability remain firmly at the center.

“The UK’s principles-based framework is advantageous. The priority now is operational clarity: clear guidance on how the Consumer Duty and SM&CR apply when decision-making is increasingly delegated to AI systems.

“Regulation should follow function, not technological form. Where AI systems effectively shape or execute consumer decisions, protections must apply in substance, not just in label.

“We encourage the FCA to provide practical supervisory guidance by the end of 2026 and to continue close dialogue with industry and international standard-setters. With proportionate safeguards, meaningful oversight and investment in hybrid professional skills, the UK can play a leading role in responsible AI-enabled finance while preserving market integrity and public trust.”

About CFA Institute

As the global association of investment professionals, CFA Institute sets the standards for professional excellence and credentials. We champion ethical behavior in investment markets and serve as the leading source of learning and research for the investment industry. We believe in fostering an environment where investors’ interests come first, markets function at their best, and economies grow. With more than 200,000 charterholders worldwide across more than 160 markets, CFA Institute has 9 offices and 157 local societies. Find us at https://www.cfainstitute.org/ or follow us on LinkedIn, and subscribe on YouTube.

 

 

 

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