Global Wireless Power Transmission Market to Reach USD 177.5 Billion by 2033, Impelled by Rising Adoption of Electric Vehicles (EVs)

December 27, 2024 | Electronics and Semiconductors

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According to the latest report by IMARC Group, titled "Wireless Power Transmission Market Report by Type (Devices With Battery, Devices Without Battery), Technology (Near-Field Technology, Far-Field Technology), Implementation (Aftermarket, Integrated), Receiver Application (Smartphones, Tablets, Wearable Electronics, Notebooks, Electric Vehicles, Robots, and Others), End-Use Industry (Consumer Electronics, Automotive, Healthcare, Defense, Power Generation, and Others), and Region 2025-2033," the global wireless power transmission market reached a value of USD 23.0 Billion in 2024. Wireless power transmission is the process of transmitting electrical energy to a device without the utilization of interconnecting wires. It involves the usage of microwave, solar cells and electromagnetic interference in order to transfer power via a set of transmitter and receiver coils. It offers enhanced convenience, reliability and mobility while eliminating the need for physical connection. As a result, it is extensively used for charging electric vehicles (EVs), electronic devices and drones. Also, it finds widespread applications in satellite communication systems, telemetry equipment and radio frequency identification (RFID) tags for data transferring.

Global Wireless Power Transmission Market Trends:

The global market is primarily driven by the increasing adoption of electric vehicles (EVs) among the masses. Along with this, the rising preference for contactless payment methods, coupled with the penetration of smartphones and smart wearables, is providing a boost to the market growth. Also, the rising utilization of quantum, nano and micro technologies with wireless power transmission is propelling the market growth. Additionally, the widespread adoption of wireless power transmission-based smart grids and the rising infrastructural development projects are providing an impetus to the market growth. Furthermore, continuous improvements across the information technology (IT) and automotive industries are positively influencing the market growth. Other factors, including miniaturization of electronic devices, inflating disposable income levels of the masses and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of USD 177.5 Billion by 2033, expanding at a CAGR of 24.22% during 2025-2033.

Market Summary:

On the basis of the type, the market has been bifurcated into devices with battery and devices without battery.
Based on the technology, the market has been segmented into near-field technology (inductive, magnetic resonance, and capacitive coupling/conductive) and far-field technology (microwave/RF and laser/infrared).
On the basis of implementation, the market has been segregated into aftermarket and integrated.
Based on the receiver application, the market has been classified into smartphones, tablets, wearable electronics, notebooks, electric vehicles, robots and others.
On the basis of the end-use industry, the market has been categorized into consumer electronics, automotive, healthcare, defense, power generation and others.
Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of the key players include Emrod, Murata Manufacturing Co., Ltd, NuCurrent Inc., Ossia Inc, Powercast Corporation, Powermat, TDK Electronics AG, VoltServer Inc., Wi Charge Ltd., WiTricity Corporation, etc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Technology, Implementation, Receiver Application, End-Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Emrod, Murata Manufacturing Co., Ltd, NuCurrent Inc., Ossia Inc, Powercast Corporation, Powermat, TDK Electronics AG, VoltServer Inc., Wi Charge Ltd., WiTricity Corporation, etc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Wireless Power Transmission Market to Reach USD 177.5 Billion by 2033, Impelled by Rising Adoption of Electric Vehicles (EVs)

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