Rising use of Smart Phones has Driven the Wireless Charging Market at a CAGR of 30% : IndustryARC
The increasing usage of medical devices that require wireless charging has open new vistas for wireless charging manufacturers, and are accelerating the demand for wireless charging market at a global scale.
- The increasing usage of medical devices that require wireless charging has open new vistas for wireless charging manufacturers, and are accelerating the demand for wireless charging market at a global scale.
- The increasing demand for smartphones with the 5G technology is expected to drive the wireless charging market in the near future.
- Wireless charging is a global phenomenon now, and latest technological advancements have led to the adoption of wireless charging devices.
- Wireless Charging Market Growth Drivers:
Development of major standards for wireless charging system: In 2018, the two major standards for wireless charging were introduced, namely Qi (Chee) by Wireless Power Consortium and PowerMat by AirFuel Alliance.