Wireless Charging Market Thriving Huge Growth with Industry Development Factors 2032.
Wireless Charging Market Insights:
The wireless charging market has been gaining significant traction, driven by technological advancements and growing consumer demand for convenient charging solutions. In 2023, the market was valued at USD 7.2 billion and is expected to grow substantially over the coming years. The market is projected to reach USD 8.79 billion in 2024 and expand to USD 35.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 19.17% during the forecast period (2024 - 2032). This rapid growth can be attributed to increased demand for smartphones and the burgeoning market for electric vehicles (EVs), among other factors.
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