Mexico Induction Charger Market is expected to reach USD 65.7 million by 2030

Substantial increase in smartphone usage and growing focus on advancing 5G technology are driving up demand for the Mexico induction charger market during the forecast period.

Mexico Induction Charger Market was valued at USD 17.02 million in 2023, and is predicted to reach USD 65.7 million by 2030, with a CAGR of 20.6 % from 2024 to 2030, according to new research by Next Move Strategy Consulting.

The induction charger industry in Mexico is thriving on the back of a substantial increase in smartphone usage, fueled by rapid economic expansion and a growing preference for mobile-centric lifestyles.

This trend has cultivated a favorable environment for the industry's growth. Consumers, motivated by the advantages of convenience and environmental sustainability offered by wireless charging, are playing a pivotal role in propelling the market to new heights.

According to the estimates, Mexico's smartphone use is predicted to skyrocket over the next four years, jumping nearly 13% by 2028. This will bring peak penetration to 67.57%, surpassing all previous records. It's been climbing steadily for years, showing no signs of slowing down. However, the extensive popularity of USB Type-C connectors in wired chargers poses a considerable obstacle to the induction charger market.

This standardization ensures compatibility with a wide range of devices, establishing USB Type-C as a convenient and adaptable charging solution. Its rapid charging capabilities, often surpassing those of many wireless chargers, enhance its allure, especially for users prioritizing swift charging experiences.

On the other hand, the launch of Qi v2.0, the latest wireless charging standard, is poised to impact the induction charger industry significantly. Offering enhanced features such as magnetic attachment, improved charging speed, higher efficiency, and greater convenience, Qi v2.0 is set to elevate user experiences.

This new standard is expected to integrate the wireless charging industry, promoting smoother, faster charging and broader interoperability. As Qi v2.0 becomes the global benchmark for wireless charging, its adoption is expected to simplify the market and enhance universal compatibility, driving growth in the induction charger sector as more consumers move towards Qi v2.0 compatible charging solutions.

Request for a sample here: https://www.nextmsc.com/mexico-induction-charger-market/request-sample

According to the report, leading players in the Mexico induction charger market include Samsung Electronics Co. Ltd., Apple Inc, Anker Innovations Technology Co. Ltd., Belkin International, Inc., Xiaomi Corporation, Huawei Technologies, ASUSTeK Computer Inc., ZAGG INC., Energizer Holdings, Inc., and Aukey Corporation Limited.

Key Insights from the Mexico Induction Charger Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Mexico induction charger market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the Mexico induction charger market is provided in the report along with their competitive analysis.

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