What is the key driver of Wireless Power Transmission Market?

The growing demand for electric vehicles acted as a major driver for the wireless power transmission market in 2022. As EVs gained popularity worldwide, the need for efficient and convenient charging solutions became evident. Wireless power transmission technology offers a promising solution for charging electric vehicles without the need for physical connectors or cables. For example, in 2022, BMW announced the integration of wireless charging technology for their electric vehicles, enabling customers to conveniently charge their vehicles by parking over a wireless charging pad.

Global Wireless Power Transmission Market

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

Q: Who are the key vendors in the Wireless Power Transmission Market?

The Wireless Power Transmission market is highly competitive and consists of several key players striving for market dominance. These companies are continuously innovating and developing new wireless charging technologies to gain a competitive edge. These companies are engaged in research and development activities, partnerships, mergers and acquisitions, and product innovations to gain a competitive edge. several other companies contributing to the competitive landscape, each with their own strengths and areas of expertise. Collaboration and partnerships among players in the ecosystem are also common, aimed at creating standardized solutions and driving market adoption. Overall, the competitive landscape of the Wireless Power Transmission market is vibrant, with companies striving to innovate and capture a significant share in this growing industry. 'Qualcomm Inc. (US)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Apple Inc. (US)', '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)'.

Q: What is the key market trend for Wireless Power Transmission Market?

Integration of Wireless Charging in Public Spaces: A key trend in 2022 was the integration of wireless charging capabilities in public spaces. This trend aimed to provide convenient charging options for users on the go. For example, coffee shops, airports, and restaurants began incorporating wireless charging pads or transmitters into their infrastructure, enabling users to wirelessly charge their devices while enjoying their services.

Q: Which region accounted for the largest share in Wireless Power Transmission Market?

North America currently stands as the dominating region in the Wireless Power Transmission market. The region's dominance can be attributed to several factors. North America has a strong presence of key market players, including technology giants and innovative startups, driving advancements in wireless power transmission technology. The region boasts a high level of consumer electronics penetration, with a large base of smartphone users and early adopters of emerging technologies. The increasing demand for wireless charging solutions, coupled with a tech-savvy population, has propelled the growth of the wireless power transmission market in North America.

Report ID: SQMIG45J2164 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 61 | Figures: 75

Wireless Power Transmission Market Competitive Landscape

Top Player’s Company Profiles in Global Wireless Power Transmission Market

Qualcomm Inc. (US)

Samsung Electronics Co., Ltd. (South Korea)

Apple Inc. (US)

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

Wireless Power Transmission Market Report Snapshots

Wireless Power Transmission Companies

Wireless Power Transmission Market Size

Wireless Power Transmission Market Analysis

Wireless Power Transmission Geographic Analysis

Wireless Power Transmission Market News

License Type

File Type

$5,300
BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION

What is the global market size of Wireless Power Transmission Market?

Wireless Power Transmission Market size was valued at USD 8.52 Billion in 2022 and is poised to grow from USD 10.22 Billion in 2023 to USD 43.96 Billion by 2031, at a CAGR of 20% during the forecast period (2024-2031).

Who are the key vendors in the Wireless Power Transmission Market?

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. 'Qualcomm Inc. (US)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Apple Inc. (US)', '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)'

What is the key market trend for Wireless Power Transmission Market?

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.

Which region accounted for the largest share in Wireless Power Transmission Market?

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Wireless Power Transmission Market Competitive Landscape

Wireless Power Transmission Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Wireless Power Transmission Market Competitive Landscape

Wireless Power Transmission Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Wireless Power Transmission Market?

Who are the key vendors in the Wireless Power Transmission Market?

What is the key driver of Wireless Power Transmission Market?

What is the key market trend for Wireless Power Transmission Market?

Which region accounted for the largest share in Wireless Power Transmission Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300