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Wireless Charging Market Share, Size,Growth, Key Players,
Outlook and Forecasts to 2024 | Hexa Research
“ Wireless charging market is expected to grow beyond USD 20 billion by
2024”
17 December 2018
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.
The application sector includes defense, consumer, automotive, healthcare, and in dustrial. The consumer
application sector led the global market and is expected to generate a revenue share of more than USD 16
billion by 2024. Rising demands for wireless chargers is likely to augment the segment. The healthcare sector
is projected to be the most lucrative application sector, with a CAGR of over 38 % over the forecast period
(from 2016 to 2024).
Browse Details of Report @ https://www.hexaresearch.com/research-report/wireless-charging-market
The technology sector comprises resonant, Radio Frequency (RF), and inductive. Inductive wireless charging market led
the overall technology sector, particularly in the automotive industry, in 2015. However, this technology is inconvenient
for a multi-device ecosystem since it permits just a single device to be charged per coil. The RF technology sector is
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