Wireless Charging Market Thriving on Extensive Electric Vehicle Sales
Factors such as the burgeoning demand for wireless charging-enabled consumer electronics, such as headphones, smartphones, and smartwatches, and rising advancements in wireless electric vehicle (EV) charging infrastructure will augment the wireless charging market growth during the forecast period (2021–203. According to P&S Intelligence, the market generated $4 billion revenue in 2020. Moreover, the expanding EV industry, owing to the rising environmental concerns and soaring government support toward EV production and adoption, will also supplement the market growth in the forthcoming years.
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