Smart Wireless Charging on Rise, but Costs Could Limit Growth: Report

The global wireless charging market is expected to reach $12.3 billion this year, up from $9.6 billion in 2021, reported The Business Research Co. Monday. Adoption of a smart wireless charging board, capable of sending power at distances over 15 feet, is a growing trend, it said, citing Huawei’s multidevice board introduced in July 2021 that can charge three devices simultaneously at 15 watts. Electric vehicles are expected to drive the market to $34.8 billion in 2026, said the report, but high materials costs could limit market growth.