Your Catalyst to a Lucrative Business
Wireless Charging Market Share, Size, Key Players, Research and Forecasts to 2024 | Hexa Research
“Wireless charging market is expected to grow beyond USD 20 billion by 2024. Elimination of cables allows clutter-free charging, which has impelled the consumption levels. �
Wireless charging market is expected to grow beyond USD 20 billion by 2024. Elimination of cables allows clutter-free charging, which has impelled the consumption levels. Another growth driving factor for the global market includes the growing demands for smartphones, specifically in India, China, and South Korea. The rise in infrastructural development, digitization, and network communications has also driven the growth. Moreover, rising demands across the automotive industry on account of the increased sales of electric vehicles is also a key market driver. The global market is segregated as applications, technologies, and regions. Increasing in application scope expected to drive the market growth exponentially in automotive, healthcare, industrial, defense and consumer electronic devices. It exhibits the properties of safe, continuous and reliable power supply to all electronic devices. In industrial sectors applications, this wireless charging is anticipated to grow rapidly such as in construction, mining, machinery, material handling and forestry. Healthcare and defense are also expected to grow substantially.
Follow Us: