Market Overview:

The global wireless power transmission market reached a value of US$ 10.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 53 Billion by 2027, exhibiting at a CAGR of 30.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Wireless power transmission (WPT) refers to the technology of transferring electrical energy from a power source to a device without using interconnecting wires. It primarily uses microwaves, solar cells and magnetic resonance to transfer the energy through a set of transmitter and receiver coils. This technology is commonly used for recharging mobile phones, tablets, cars, drones, transportation equipment and solar-panel arrays in space. It offers enhanced reliability, mobility and convenience while eliminating the use of wires and batteries. Owing to this, it finds extensive applications across various industries, including consumer electronics, automotive, robotics, heating and ventilation and industrial engineering.

Rapid industrialization, along with the increasing demand for consumer electronics across the globe, is one of the key factors driving the growth of the market. There is widespread adoption of WPT technologies among consumers as an effective alternative to wired charging systems for smartphones, laptops, portable MP3 players and digital cameras. This, along with the increasing utilization of the technology for operating robots and drones, is also providing a boost to the market growth. The market is further driven by the rising need for effective charging systems. For instance, electric vehicles (EVs) equipped with in-motion (dynamic) and inductive WPT charging systems can function on smaller batteries, thereby minimizing the overall cost of operation and carbon emissions into the environment. Other factors, such as the increasing requirement for efficient and reliable power distribution systems and the adoption of WPT-based smart grids, which have enhanced the utilization of WPT systems in smart meters, appliances and other equipment, are projected to drive the market further. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global wireless power transmission market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on 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
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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, etc.

Report Coverage:

Key Questions Answered in This Report:

• How has the global wireless power transmission market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What has been the impact of COVID-19 on the global wireless power transmission market?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the technology?
• What is the breakup of the market based on the implementation?
• What is the breakup of the market based on the receiver application?
• What is the breakup of the market based on the end-use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global wireless power transmission market and who are the key players?
• What is the degree of competition in the industry?