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Wireless Charging Market Analysis, Size, Growth Industry Trends
and Forecast to 2024 - Hexa Research
" The global wireless charging market was valued at
approximately USD 1.90 billion in 2014 and it is
projected to grow at an approximate CAGR of over
60% over the forecast period of 2016 to 2024."
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 industr ial. 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
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