The latest report by IMARC Group, titled “Wireless Power Transmission Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the wireless power transmission market trends. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global wireless power transmission market size reached US$ 18.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 149.6 Billion by 2032, exhibiting a growth rate (CAGR) of 25.5% during 2024-2032.
Wireless Power Transmission Market Trends:
The global wireless power transmission market is primarily driven by the growing adoption of wireless charging technologies across various industries. As consumer electronics like smartphones, wearable devices, and laptops become more prevalent, there is an increasing demand for convenient, cable-free charging solutions. Companies are focusing on enhancing user experience by offering devices with wireless charging capabilities, thereby driving market growth.
Additionally, the electric vehicle (EV) industry is significantly contributing to the expansion of wireless power transmission, as it allows for more efficient and convenient charging infrastructure for EVs, reducing the dependency on traditional charging stations. Advancements in resonant inductive coupling and microwave transmission technologies have also played a pivotal role in expanding the market by enabling faster, more efficient power transfer over longer distances, which is being adopted in medical devices, industrial applications, and smart home appliances.
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Wireless Power Transmission Market Scope and Growth Analysis:
The scope of the wireless power transmission market is vast, encompassing a wide range of industries and applications, from consumer electronics to healthcare and automotive. The market is segmented based on technology, including inductive, resonant, radio frequency, and microwave power transmission, each serving different use cases and efficiency needs.
In terms of regional analysis, North America and Asia-Pacific lead the market, driven by technological advancements and high consumer adoption rates in countries like the U.S., China, and Japan. Europe is also a significant player, with growing investments in electric vehicle infrastructure and industrial automation. The increasing focus on renewable energy sources and energy-efficient technologies is also expanding the application of wireless power transmission in sectors like energy and utilities.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Energous Corporation
- Humavox Ltd.
- Integrated Device Technology Inc. (Renesas Electronics Corporation)
- Leggett & Platt
- Murata Manufacturing Co. Ltd.
- NuCurrent Inc.
- MothersonOssia
- Qualcomm Incorporated
- Samsung Electronics
- TDK Corporation
- Texas Instruments
- Wi-Charge Ltd.
- WiTricity Corporation
Wireless Power Transmission Market Segmentation:
Our report has categorized the market based on region, type, technology, implementation, receiver application, and end-use industry.
Breakup by Type:
- Devices With Battery
- Devices Without Battery
Breakup by Technology:
- Near-Field Technology
- Inductive
- Magnetic Resonance
- Capacitive Coupling/Conductive
- Far-Field Technology
- Microwave/RF
- Laser/Infrared
Breakup by Implementation:
- Aftermarket
- Integrated
Breakup by Receiver Application:
- Smartphones
- Tablets
- Wearable Electronics
- Notebooks
- Electric Vehicles
- Robots
- Others
Breakup by End-Use Industry:
- Consumer Electronics
- Automotive
- Healthcare
- Defense
- Power Generation
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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IMARC Group
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Email: [email protected]
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