The global wireless power transmission market size reached US$ 14.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 66.9 Billion by 2028, exhibiting a growth rate (CAGR) of 29.2% during 2023-2028. The escalating demand for electricity across remote locations, the increasing need for reliable and efficient power transmission systems, and the development of new power transmission infrastructures are some of the major factors propelling the market.
|Wireless Power Transmission Market Size in 2022
||US$ 14.2 Billion
|Wireless Power Transmission Market Forecast in 2028
||US$ 66.9 Billion
|Wireless Power Transmission Market Growth Rate 2023-2028
Wireless Power Transmission (WPT) is a technology that enables the transfer of electrical energy from a power source to an electrical load without the use of physical connectors or wires. It is achieved through various methods, such as inductive coupling, resonant inductive coupling, capacitive coupling, microwave, and laser transmission. The technology allows to charge devices, such as smartphones, laptops, and electric vehicles without the hassle of wires and plugs. With continuous advancements and more the advent of refined techniques, there has been a significant rise in the adoption of wireless power transmission as it holds the potential to revolutionize our daily interactions with electronic devices and reshape our energy infrastructure.
Significant growth in the field of power transmission majorly drives the global market. This can be supported by the ever-growing global demand for electricity, fueled by increasing population, urbanization, and industrialization, particularly in developing nations. As economies evolve and grow, there has been a considerable increase in the need for reliable, efficient, and power transmission systems. Along with this, the development of new power transmission infrastructures due to the emerging trend of sustainability is supporting the market. In confluence with this, significant investments in modernization and upgrades are positively influencing the demand. Apart from this, the implementation of regulatory policies and government initiatives for promoting energy efficiency and supporting infrastructure development are contributing to the market. Furthermore, extensive research and development (R&D) activities conducted by key players are creating a positive market outlook.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Wireless Power Transmission Market Trends/Drivers:
Increasing Adoption of Wireless Devices
The proliferation of wireless devices, such as smartphones, wearables, electric toothbrushes, and smartwatches, is acting as a major market driver. As more devices incorporate wireless charging capabilities, the demand for wireless power transmission infrastructure and compatible charging solutions grows. The ability to charge multiple devices simultaneously without the need for individual chargers is further fueling the demand. Since wireless power transmission eliminates the need for physical cables and connectors, providing convenience and ease of use for charging or powering devices. Users simply place their devices on a charging pad or within a certain range to initiate charging, eliminating the hassle of dealing with tangled cords and limited power outlets. This factor is a significant driver for wireless power transmission, especially in consumer electronics and smart home applications.
Rapid Electrification of Remote Locations
In areas with limited power infrastructure or in remote locations, wireless power transmission offers an alternative solution for providing electricity. By enabling power transmission over longer distances without the need for extensive cabling or infrastructure development, wireless power transmission helps address the challenges associated with expanding power distribution networks, especially in developing regions. Wireless charging provides a seamless integration and power supply solution, eliminating the need for frequent battery replacements and simplifying deployment in smart homes, smart cities, and industrial IoT applications. This makes wireless charging a preferred option in rugged environments, industrial settings, and medical applications where safety and reliability are critical.
Technological Advancements and Brand Differentiation
Companies are recognizing the value of wireless power transmission in enhancing the overall user experience and differentiating their products or services. Incorporating wireless charging capabilities help attract customers, improve customer satisfaction, and build brand loyalty. As wireless power transmission becomes more prevalent, companies are heavily investing in improving wireless charging options. In addition, continuous technological advancements in wireless power transmission, such as resonant inductive coupling and radio frequency (RF) technologies, have increased efficiency, extended transmission ranges, and reduced costs. Besides this, standardization efforts by organizations is establishing standards for different wireless charging technologies, enabling seamless compatibility between devices and charging stations, thus contributing to the demand.
Wireless Power Transmission Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global wireless power transmission market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on type, technology, implementation, receiver application, and end-use industry.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Devices With Battery
- Devices Without Battery
Devices with battery dominate the market
The report has provided a detailed breakup and analysis of the wireless power transmission market based on the type. This includes devices with battery and devices without battery. According to the report, devices with battery represented the largest segment.
The market drivers for devices with battery types in the wireless power transmission industry include the growing trend toward portable electronics and the increasing global demand for efficient and clutter-free charging. Also, the advancements in Internet of Things (IoT) technology and its widespread integration require efficient energy sources, supporting the demand for such devices. Additionally, the need for efficient charging infrastructure further fuels the market growth. The growing environmental consciousness and the subsequent shift towards green energy solutions have also emerged as key market drivers.
Apart from this, the emerging trend towards sustainability and eco-friendliness is leading to demand for energy-efficient devices, which are fulfilled by battery-less gadgets. These devices offer a sustainable alternative by reducing e-waste from used batteries. Additionally, advancements in IoT and smart devices necessitate continuous power supply. Battery-less devices, fueled by wireless power transmission, allow seamless operations. Moreover, the increasing focus on device miniaturization is positively influencing the market.
Breakup by Technology:
- Near-Field Technology
- Magnetic Resonance
- Capacitive Coupling/Conductive
- Far-Field Technology
Near-Field Technology dominates the market
A detailed breakup and analysis of the wireless power transmission market based on the technology has also been provided in the report. This includes near-field technology (inductive, magnetic resonance, and capacitive coupling/conductive) and far-field technology (microwave/rf and laser/infrared). According to the report, near-field technology accounted for the largest market share.
Near-field technology is experiencing a rise in the demand and popularity within the wireless power transmission industry, driven by several key market drivers. Additionally, the increasing proliferation of electronic devices, such as smartphones, wearables, and Internet of Things (IoT) devices, has created a need for efficient and convenient charging solutions. Near-field technology offers the ability to transmit power wirelessly over short distances, eliminating the need for physical connectors and cables. Moreover, the rising adoption of electric vehicles (EVs) has influenced the demand for wireless charging systems that can provide convenient and hassle-free charging experiences.
Far-field technology, on the other hand, is gaining momentum in the wireless power transmission industry, primarily due to the increasing demand for charging solutions in public spaces and large-scale deployments. Far-field technology enables power transmission over longer distances, making it suitable for applications, including charging stations in public areas, airports, stadiums, and offices, where multiple devices need to be charged simultaneously. Additionally, the growing adoption of electric vehicles (EVs) has fueled the need for efficient and high-power charging solutions. Far-field technology can provide rapid charging for EVs by transmitting power over larger distances without physical contact.
Breakup by Implementation:
Aftermarket dominates the market
The report has provided a detailed breakup and analysis of the wireless power transmission market based on the implementation. This includes aftermarket and integrated. According to the report, the aftermarket represented the largest segment.
Aftermarket implementation is becoming a significant market driver in the wireless power transmission industry due to the widespread use of electronic devices, including smartphones, tablets, and wearables. This is creating a demand for retrofitting existing devices with wireless charging capabilities. Aftermarket implementation allows users to upgrade their devices without having to purchase new ones, providing convenience and cost-effectiveness. Additionally, the availability of aftermarket wireless charging accessories, such as charging pads and receivers, for various device models is contributing to the market.
On the contrary, the increasing demand for seamless and hassle-free charging experiences has driven the integration of wireless charging technology into a wide range of devices and infrastructure. The rising popularity of electric vehicles (EVs) has led to the integration of wireless charging systems directly into vehicle designs. This integrated implementation simplifies the charging process, providing EV owners with a convenient and user-friendly experience. Moreover, continual advancements in wireless power transmission technology, such as higher power transfer efficiency and longer transmission distances, are further fuelling the demand for integrated implementation.
Breakup by Receiver Application:
- Wearable Electronics
- Electric Vehicles
Smartphones dominate the market
A detailed breakup and analysis of the wireless power transmission market based on the receiver application has also been provided in the report. This includes smartphones, tablets, wearable electronics, notebooks, electric vehicles, robots, and others. According to the report, smartphones accounted for the largest market share.
The ever-increasing dependence on smartphones and the need for uninterrupted device usage have fueled the demand for convenient and efficient charging solutions. Wireless power transmission offers the advantage of eliminating the hassle of physical connectors and cables, providing a seamless charging experience for smartphone users. Smartphone receiver applications enable users to retrofit their devices with wireless charging capabilities, allowing them to take advantage of the expanding wireless charging infrastructure without the need for external accessories. Furthermore, advancements in receiver technology, such as improved charging efficiency and faster charging speeds, have further accelerated the adoption of smartphone receiver applications.
On the other hand, the increasing popularity of wearable devices, such as smartwatches, fitness trackers, and augmented reality glasses, has created a demand for efficient and convenient charging solutions. Wearables are often small in size and have limited space for traditional charging connectors. Wireless power transmission offers an ideal solution by enabling wearables to be charged without the need for physical connectors, enhancing user convenience and usability. In confluence with this, the growing focus on health and fitness is leading to a rise in the adoption of wearable devices for tracking and monitoring purposes. Moreover, the integration of wireless charging capabilities into charging docks and accessories has further propelled the demand for wearable electronics receiver applications.
Furthermore, robots often operate in dynamic environments where physical charging connectors may be cumbersome or impractical. Wireless power transmission enables seamless and contactless charging for robots, ensuring uninterrupted operation and reducing the need for human intervention. In addition, the emergence of collaborative robots (cobots) that work alongside humans has further fueled the demand for wireless charging. Cobots require flexible and safe charging options, and wireless power transmission provides a convenient solution by eliminating the risk of tripping hazards and facilitating easy integration into the workspace.
Breakup by End-Use Industry:
- Consumer Electronics
- Power Generation
Consumer electronics dominates the wireless power transmission market
The report has provided a detailed breakup and analysis of the wireless power transmission market based on the end-use industry. This includes consumer electronics, automotive, healthcare, defense, power generation, and others. According to the report, consumer electronics represented the largest segment.
As consumers prefer simplicity and convenience in their daily lives, the market for wireless power transmission in the consumer electronics end-user segment continue to propel. The increasing dependency on electronic devices, such as smartphones, tablets, and laptops, has created a demand for more convenient and efficient charging solutions. Wireless power transmission eliminates the need for physical connectors and cables, providing a seamless and hassle-free charging experience for consumers. This convenience factor drives the adoption of wireless charging pads and stands, which are becoming increasingly common in households and public spaces. Along with this, the growing awareness and adoption of smart home technology have contributed to the demand for wireless power transmission.
On the other hand, wireless power transmission provides a seamless and user-friendly charging experience for EV owners, eliminating the need for plug-in charging stations and cables. This convenience factor, combined with the growing EV market, has accelerated the demand for wireless charging technology in the automotive sector. Moreover, the integration of wireless charging systems directly into vehicle designs has become a key driver. Automakers are increasingly incorporating wireless charging pads into EV models, enabling users to simply park their vehicles over the charging pad for automatic and efficient power transfer.
Apart from this, the demand for renewable energy sources, such as solar and wind power, has been steadily increasing. Wireless power transmission offers a convenient and efficient method for transmitting renewable energy from remote power generation facilities to the grid. This eliminates the need for extensive cabling infrastructure, reducing installation and maintenance costs while improving overall system efficiency. Furthermore, the adoption of wireless power transmission enables power generation companies to overcome geographical challenges in transmitting electricity over long distances, such as in offshore wind farms or remote locations. This technology enables efficient power transfer without the limitations of traditional transmission lines.
Breakup by Region:
To get more information on the regional analysis of this market, Request Sample
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Asia Pacific exhibits a clear dominance, accounting for the largest market share
The report has also provided a comprehensive analysis of all the major regional markets, which include 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 wireless power transmission industry in the Asia Pacific region is experiencing strong growth due to the rapid expansion of the consumer electronics market in countries, such as China, Japan, and South Korea. Asia Pacific region is witnessing a rise in the adoption of electric vehicles (EVs). As governments and consumers prioritize sustainable transportation, the need for efficient and convenient charging infrastructure, including wireless charging, has grown. This is leading to the development of wireless charging standards and initiatives in countries, such as China and Japan. Moreover, the region is known for its technological advancements, with key players investing in research and development to improve wireless power transmission efficiency, safety, and compatibility. These market drivers, along with favorable government policies and infrastructure development, are propelling the growth of the wireless power transmission industry in the Asia Pacific.
On the contrary, North America is estimated to expand further in this domain due to the high adoption rate of smartphones, tablets, and wearable devices. This widespread usage creates a strong demand for convenient and efficient charging solutions, driving the growth of wireless power transmission technology. Additionally, North America has a strong focus on innovation and technological advancements. With major players investing in research and development, the region is driving the advancement of wireless power transmission technologies, such as longer transmission distances, higher power transfer efficiency, and interoperability standards.
The global wireless power transmission market is experiencing significant growth due to the widespread adoption of electronic devices and the growing need for convenient charging solutions. This is impelling top companies to offer innovative and efficient wireless charging solutions that cater to various device types and consumer preferences. Along with this, the rapid growth of electric vehicles (EVs) presents a significant market opportunity for companies in the wireless power transmission industry. As governments worldwide focus on reducing carbon emissions and promoting sustainable transportation, the demand for EVs continues to rise. In addition, the development of wireless charging systems specifically designed for EVs, including charging pads, embedded charging infrastructure, and vehicle-integrated solutions, is significantly supporting the market. Moreover, the integration of wireless power transmission into various industries and applications provides further market opportunities. Furthermore, continual advancements in wireless power transmission technology are creating a positive market outlook. This is encouraging leading companies to invest in research and development to improve power transfer efficiency, extend transmission distances, and enhance compatibility across different device types.
The report has provided a comprehensive analysis of the competitive landscape in the global wireless power transmission market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
- Energous Corporation
- Humavox Ltd.
- Integrated Device Technology Inc. (Renesas Electronics Corporation)
- Leggett & Platt
- Murata Manufacturing Co. Ltd.
- NuCurrent Inc.
- Qualcomm Incorporated
- Samsung Electronics
- TDK Corporation
- Texas Instruments
- Wi-Charge Ltd.
- WiTricity Corporation
- In March 2023, WiTricity Corporation and ABT e-Line announced to deliver aftermarket wireless EV charging in Europe. Wireless charging will be made available commercially starting in 2024 with the Volkswagen ID.4 model.
- In January 2023, Energous Corporation and Atmosic Technologies introduced a brand-new software version for their Wirelessly Powered Sensor Evaluation Kit that integrates Energous' FCC-approved 1W WattUp PowerBridge transmitter and energy-harvesting Bluetooth Low Energy SoC solutions from Atmosic.
- In March 2021, Qualcomm Incorporated completed its acquisition of NUVIA, a world-class CPU and technology design company.
Wireless Power Transmission Market Report Scope:
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Receiver Application
- End-Use Industry
||Devices With Battery, Devices Without Battery
- Near-Field Technology: Inductive, Magnetic Resonance, Capacitive Coupling/Conductive
- Far-Field Technology: Microwave/RF and Laser/Infrared
|Receiver Applications Covered
||Smartphones, Tablets, Wearable Electronics, Notebooks, Electric Vehicles, Robots, Others
|End-Use Industries Covered
||Consumer Electronics, Automotive, Healthcare, Defense, Power Generation, Others
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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. and WiTricity Corporation
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the wireless power transmission market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global wireless power transmission market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the wireless power transmission industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.