The market is segmented into various applications including automotive, consumer electronics, healthcare and other applications. The ubiquity of smartphones, a cornerstone of daily life, has propelled the widespread adoption of wireless charging as an integral feature. The sector's emphasis on user convenience and enhanced experiences has driven the integration of wireless charging into devices such as smartphones, tablets, smartwatches, and other gadgets. The rise of wearable technology has further fueled demand, with compact devices like smartwatches benefiting from the hassle-free charging experience provided by wireless technology.