Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Wireless Power Transmission Market, The Global Wireless Power Transmission Market size was valued at USD 7,916 Million in 2024 and is estimated to grow at a CAGR of around 18.19% during the forecast period, i.e., 2024-30. Along with this, the market is estimated to grow at a CAGR of around 18.19% during the forecast period. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Wireless Power Transmission Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
Forecast Period: 2024-2030
Market Size in 2024: USD 7,916 Million
CAGR (2024-2030): 18.19%
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Global Wireless Power Transmission Market Segmentation Breakdown:
The Wireless Power Transmission Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
By Type
Devices with Battery- Market Size & Forecast 2019-2030F, USD Million
Devices without Battery- Market Size & Forecast 2019-2030F, USD Million
By Transmission Range
Short- Market Size & Forecast 2019-2030F, USD Million
Medium- Market Size & Forecast 2019-2030F, USD Million
Long- Market Size & Forecast 2019-2030F, USD Million
By Technology
Near-field Technology- Market Size & Forecast 2019-2030F, USD Million
Magnetic Resonance Technology- Market Size & Forecast 2019-2030F, USD Million
Conductive/Capacitive Coupling- Market Size & Forecast 2019-2030F, USD Million
Inductive Technology- Market Size & Forecast 2019-2030F, USD Million
Far-field Technology- Market Size & Forecast 2019-2030F, USD Million
Infrared/Laser- Market Size & Forecast 2019-2030F, USD Million
Microwave/Radio Frequency- Market Size & Forecast 2019-2030F, USD Million
By Application
Receiver Application- Market Size & Forecast 2019-2030F, USD Million
Smartphones- Market Size & Forecast 2019-2030F, USD Million
Tablets- Market Size & Forecast 2019-2030F, USD Million
Wearable Electronics- Market Size & Forecast 2019-2030F, USD Million
Electric Vehicle Charging- Market Size & Forecast 2019-2030F, USD Million
Others (Consumer Electronics, Notebooks, etc.)- Market Size & Forecast 2019-2030F, USD Million
Transmitter Application- Market Size & Forecast 2019-2030F, USD Million
Standalone Chargers- Market Size & Forecast 2019-2030F, USD Million
Automotive (In-vehicle Charging System)- Market Size & Forecast 2019-2030F, USD Million
Furniture- Market Size & Forecast 2019-2030F, USD Million
Industrial- Market Size & Forecast 2019-2030F, USD Million
By End Users
Consumer
Smart Home Devices
Home Security
Consumer Electronics
Automotive
Convenience (Hand-free Charging)
Sensors
Industrial IoT
Supply Chain
Factory Floor
Security & Safety
Others (Healthcare, Defense, etc.)
Consumer electronics under the segment consumer account for a substantial share of the Wireless Power Transmission Market, as they are mass-produced and have stable global demand.
By Implementation
Aftermarket- Market Size & Forecast 2019-2030F, USD Million
Integrated- Market Size & Forecast 2019-2030F, USD Million
Geographical Growth Insights:
By Region
North America
South America
Europe
The Middle East & Africa
Asia Pacific
Asia-Pacific is anticipated to dominate the Wireless Power Transmission Market during the estimated years.
MarkNtel Advisors Highlights Key Market Drivers for Wireless Power Transmission Market:
Surging Adoption of Consumer Electronics to Augment Market Growth – In recent years, the adoption of smartphones, laptops, tablets, wearable devices, and other portable electronic devices has increased, thus enhancing the demand for wireless solutions for charging due to convenience, mobility, easy accordance, and handy operations. Over the past years, smartphones have been one of the largest receiver electronic devices for wireless power transmission technology due to the inductive wireless power transmission in several smartphones. Google Nexus phones, Motorola Droid phones, and Samsung Galaxy Series are a few major smartphones that provide wireless charging abilities.
Moreover, wireless connectivity technologies are being used at the maximum rate. Consumers expect wireless services everywhere, such as digital cameras, smartphones, notebooks, and MP3 players. Furthermore, consumer’s increasing tendency to “go wireless” aids in driving the Global Wireless Power Transmission Market during the forecast period.
A Comprehensive Analysis of Leading Companies in Global Wireless Power Transmission Market
Ossia Inc.
Energous Corporation
Wi-Charge Ltd.
Texas Instruments
Qualcomm Inc.
Semtech Corporation
Humavox Ltd.
Toshiba Corporation
Fulton Innovation LLC
Convenient Power HK
Energizer Holdings, Inc.
Plugless Power
Murata Manufacturing Co., Ltd.
Powermat Technologies Ltd.
WiTricity
Others
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What are the Possible Restraint driving the Global Wireless Power Transmission Market?
Challenges in Wireless Transmission Capabilities Pose Obstacles to the Expansion of the Wireless Power Transmission Market – Wireless transmission presents a viable solution to address heightened power usage, but it is limited by battery capacity and runs actively for only a short period of time. As a result, the endurance or minimal power usage associated with wireless power transfer continues to be a key commercial barrier. Moreover, any obstructions between the transmitter and receiver can disrupt the functionality of wireless transmission. Therefore, despite advancements in battery and energy-efficient technologies, employing wireless power transfer to energize sensor nodes remains a challenge.
Inductive coupling is most efficient over short distances, but obtaining longer ranges requires durable coupled magnetic resonance, which incurs significant infrastructure costs. These factors are expected to have a negative influence on market growth over the forecast period.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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