USD 8.52 Billion
Wireless Power Transmission Market Size, Share, Growth Analysis, By Technology(Near-Field Implementation (Inductive, Magnetic Resonance, Capacitive Coupling/Conductive), and Far-Field Implementation (Microwave/RF), By Implementation(Integrated, and Aftermarket), By Receiver Application(Smartphones, Tablets, Wearable Electronics, Notebooks), By Transmitter Application(Standalone Chargers, Automotive (In Vehicle), Electric Vehicle Charging, and Furniture), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45J2164 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
61
|Figures:
75
Wireless Power Transmission Market Insights
Wireless Power Transmission Market size was valued at USD 10.22 Billion in 2023 and is poised to grow from USD 12.26 Billion in 2024 to USD 52.75 Billion by 2032, growing at a CAGR of 20% during the forecast period (2025-2032).
The global wireless power transmission market is predicted to grow extensively since wireless power devices have much greater capability and the constraint of the conventional wire-based power transmission system. It provides increased ease and convenience in multiple businesses by utilizing potent electromagnetic fields to transmit power without wires. They are, therefore, being used increasingly in the automotive, healthcare, defense, industrial, and consumer electronics industries. In the coming years, the consumer electronics category is expected to spearhead the market. The primary drivers for this development are the high levels of utilization of wireless power for laptop, tablet, and mobile device charging. There will be a greater need for wireless power transfer because smartphones and other portable gadgets will be even more common with wireless charging. Furthermore, expansion of the consumer electronics market in countries such as South Korea, Japan, and Russia is expected to boost the wireless power transmission market growth. Moreover, wireless power transfer will also be increasingly adopted within the automotive industry for the charging of electric vehicles (EVs). In addition, applications in healthcare and defense also explore the possibility of implementing wireless power in military applications and medical devices. This will further expand the industry with upgrading and effectiveness in wireless power solutions that will lead to new avenues in various applications.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Near-Field
Fastest Growth
Far-Field
Growth Rate
20% CAGR
Global Wireless Power Transmission Market ($ Bn)
Country Share for Asia-Pacific (%)
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Wireless Power Transmission Market Segmental Analysis
Global Wireless Power Transmission Market is segmented by Technology, Implementation, Receiver Application, Transmitter Application, and region. Based on Technology, the market can be segmented into Near-Field Implementation (Inductive, Magnetic Resonance, Capacitive Coupling/Conductive) and Far-Field Implementation (Microwave/RF, Laser/Infrared ). Based on Implementation, the market is segmented into Integrated, and Aftermarket. Based on Receiver Application, the market is segmented into Smartphones, Tablets, Wearable Electronics, Notebooks, Other Consumer Electronics, and Electric Vehicle Charging. Based on Transmitter Application, the market is segmented into Standalone Chargers, Automotive (In Vehicle), Electric Vehicle Charging, and Furniture. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Technology
Based on the 2023 wireless power transmission market forecast, due to effectiveness and efficiency in transferring power through a magnetic field, a simple concept of current flow through a wire, the inductive coupling category leads the industry. Demand has increased as this method has gained widespread acceptance, especially in consumer devices such as smartphones, tablets, and electric vehicle (EV) chargers. As it offers stable and reliable energy transmission, inductive coupling is best for short-range wireless charging applications. Inductive coupling technology is to become the future hot market area with the further growth of consumer electronics, where wire-free charging solutions are gaining traction.
However, the magnetic resonance coupling (MRC) segment of the global wireless power transmission market is growing at the fastest pace because of its ability to increase the transmission distance while keeping high PTE. MRC is widely used technology in wireless power systems, transmitting energy over larger distances than inductive coupling in such systems. Engineers and researchers are always seeking new ways to enhance MRC's functionality, such as placing the resonator between the transmitter and reception coils as efficiently as possible. Even with the encouraging developments in MRC, issues still persist regarding the size, design, and selection of materials of the resonator. Ongoing studies in this field, however, may dramatically increase the use of MRC.
Analysis By End User
As per the 2023 wireless power transmission market analysis, the near-field ranges dominated the global market. Extensively applied technology on near field communication which operates between devices using inductive coupling through magnetic fields emanated between a transmitting and a receiving coil that behave just like loop antennas. Thin NFC plates made of soft magnetic materials are placed between antennas and the metal shell of wireless devices, such as smartphones or tablets, to reduce loss of antenna gain and radiation efficiency due to the formation of eddy currents.
Contrarily, the far-field segment is the second largest in the wireless power transmission industry, primarily used for low-power, long-range applications. For the case where continuous power across long distances is desired, microwave and radio frequency (RF) are often employed in Internet of Things (IoT) networks, distant sensors, and low-power industrial equipment. Far-field wireless power transmission (WPT) allows for energy delivery without physical connections, which is especially useful for applications in industrial automation, smart cities, and remote monitoring. Although far-field WPT has a more extensive range, it does have some disadvantages that will prevent it from penetrating the market or being widely used, which include low efficiency at farther ranges, limited power capacities, and radio frequency regulatory limitations. These are challenges far-field WPT must overcome to reach its full potential.
Global Wireless Power Transmission Market By End User
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Wireless Power Transmission Market Regional Insights
Asia-Pacific holds the highest market share due to rapid advancement in several sectors of that region. The top countries are China and Japan. China is ahead in electric vehicle production, smart home electronics, and defense equipment; whereas Japan focuses on creating high-end medical technology and equipment. One of the great successes is Denso's launch in June 2022 of wireless powertrain technology that makes electric vehicles charge their batteries even when stationary or on the move. By eliminating the problem of lacking charging infrastructure, this innovation boosts the convenience of the EV owners. With such continuous investment by these two nations in research and development, Asia-Pacific will only continue being the global wireless power transmission leader. As a result, it shall fuel this market even further in the days to come.
Contrarily, the US is one of the most advanced and innovative nations for the continuously burgeoning wireless power transmission (WPT) markets in North America. Advances in communication technology are mainly the reason behind growth in this region. Increases in smart device use, along with a boom in electric vehicles, further promote growth in the military sector. WPT is creating a new arena of application areas as the need for more efficient wireless power solutions increases. Electric vehicles are gaining in popularity, and with the military sector continuing to use WPT technology, North America is expected to undergo steady market development and advances that will fuel further development.
Global Wireless Power Transmission Market By Geography
- Largest
- Fastest
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Wireless Power Transmission Market Dynamics
Wireless Power Transmission Market Drivers
Increasing Numbers of Electric Vehicles (EVs)
-
Wireless power transfer (WPT) systems are increasingly required in tandem with growing electric vehicle demand. The electric vehicle ecosystem cannot be fully operationalized without the integration of wireless charging infrastructure because electric vehicles require efficient charging systems. The market is anticipated to expand due to the relatively practical and flexible charging method presented by WPT technology, mainly in regions such as Asia Pacific and North America that increasingly adopt electric vehicles.
Advances in Wireless Charging Technology
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The global market is growing at a faster pace because of the continuous developments in wireless charging technologies, including increased power transfer efficiency, greater range, and fast charging speeds. The advances are driving the demand in this market, especially in inductive and resonant coupling that makes it possible to include WPT in consumer electronics, industrial applications, and in the automotive industry.
Wireless Power Transmission Market Restraints
High Implementation Costs
-
WPT systems, consisting of infrastructure and technology, are relatively costly to establish and install. This can be a limiting factor for adoption, especially in regions with less budget for technology development. Some firms and consumers may be unable to afford the cost of integrating WPT systems into existing applications, such as consumer electronics or EV charging stations.
Less Effective at Higher Distances
-
This challenge is present in long-distance wireless power transmission. The loss in efficiency with distance increases proportionally to the distance for power transmission. This drawback lowers the appeal of WPT applications, especially in remote or industrial areas where reliable and high-efficient power transmission is vital, thus hindering the industry growth
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Wireless Power Transmission Market Competitive Landscape
The competitive landscape of the global wireless power transmission market is defined by these leading companies, Qualcomm, WiTricity, and Samsung, who drive the research and commercialization in the technologies of WPT. Companies will focus on innovation, strategic alliances, and diversified product lines to include innovative applications for industrial, consumer electronics, and electric vehicle-related cutting-edge applications. The growing demand across industries ignites the heat of competition with all those players plunging into competition to meet this exponentially rising demand for wireless charging solutions.
Top Player’s Company Profiles in Global Wireless Power Transmission Market
- Powermat Technologies Ltd. (Israel)
- Energous Corporation (US)
- WiTricity Corporation (US)
- Integrated Device Technology, Inc. (US)
- Sony Corporation (Japan)
- Toshiba Corporation (Japan)
- Panasonic Corporation (Japan)
- Texas Instruments Inc. (US)
- NXP Semiconductors N.V. (Netherlands)
- Powercast Corporation (US)
- Murata Manufacturing Co., Ltd. (Japan)
- LG Electronics Inc. (South Korea)
- Semtech Corporation (US)
- Rohm Co., Ltd. (Japan)
- Würth Elektronik GmbH & Co. KG (Germany)
- ZTE Corporation (China)
- Renesas Electronics Corporation (Japan)
Global Wireless Power Transmission Market Recent Developments
- January 2024: WiTricity Corporation and Sinanen Holdings Co., Ltd., a leading provider of all-inclusive housing, energy, and daily living services, announced their partnership. This strategic partnership is a testament to Sinanen Holdings' commitment to creating innovative EV charging solutions and marks the first Japanese company to officially sign a partnership agreement with WiTricity.
- October 2023: AIFA collaborated with UnaBiz in accelerating smart water metering system implementation in various geographies worldwide. Their joint endeavor will be put forth with an agenda to build and evolve solutions empowered by Sigfox 0G and cooperatively bring to the marketplace the hybrid, dual-mode product integrating LoRa and Sigfox 0G. It forms one of the major leap-forwards towards making the approach in running global waters' management more sustainable and cost-efficient.
- November 2023: Ossia unveiled the Cota Universal Adapter. This will wirelessly accept power from a Cota Hub, and through its USB-C connector, could power any recharging electrical item. As the first wireless power-over-air adapter of its class, the Cota Universal Adapter allows customers to turn on wireless power instantly for any of their USB devices with no adjustments needed. Originally developed as a proof-of-concept prototype, the Cota Universal Adapter was constructed using the "Quick Receiver," Ossia's fast integration method.
Wireless Power Transmission Key Market Trends
- Application of WPT in Consumer Electronics Integration: Consumer devices such as smartphones, tablets, and wearables are rapidly integrating wireless power transfer. Convenience and the need to get rid of cable clutter are the main drivers of the increasing demand for wireless charging solutions. As more consumer electronics adopt wireless charging standards, this trend is expected to continue, propelling market growth.
- Development of Smart Cities: In other words, the development of the infrastructure of smart cities makes the need for wireless power transmission systems. Wireless power transfer offers a smooth way in terms of charging IoT devices and their sensors and in-car electric charging without any connection through physical means. Smart cities are expected to further have an increased need for the expansion of their support by WPT systems.
Wireless Power Transmission Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the demand for WPT is increasing and expected to rise significantly as various industries, such as consumer electronics, electric cars, and industrial applications, begin to embrace technology. WPT usage is driven by advancements in charging technology, including efficiency of power transfer and increased ranges. Wide-scale adoption is still prevented by factors such as high implementation costs and poor efficiency over longer distances. The market will still grow despite these issues, however, because the demand for practical and efficient power solutions only increases with growth in smart cities and the use of electric vehicles. The sector will experience major improvements and more opportunities if firms continue coming up with newer ideas.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 8.52 Billion |
| Market size value in 2031 | USD 43.96 Billion |
| Growth Rate | 20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Wireless Power Transmission Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Wireless Power Transmission Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Wireless Power Transmission Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Wireless Power Transmission Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wireless Power Transmission Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Wireless Power Transmission Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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