Wireless Power Transmission Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The Global Wireless Power Transmission Market was estimated to be US$ 7.26 Billion in 2022 and is expected to grow at a CAGR of 19.9% between 2023 to 2032.
Wireless power transmission, also known as wireless charging or inductive power transfer, is a technology that enables the transmission of electrical power from a power source to an electrical load without the use of physical cables or wires. The technology works on the principle of electromagnetic induction, which involves the transfer of energy through a magnetic field between two objects.
Wireless power transmission typically involves a power source, which could be a charging pad or a transmitter, and an electrical load, which could be a mobile device, an electric vehicle, or an electronic device. The power source generates an oscillating magnetic field, which induces an electric current in a receiver coil located in the electrical load. This electric current is then used to charge the battery or power the device.
Wireless power transmission offers a number of benefits, including convenience, ease of use, and elimination of cords and cables, which makes it a popular choice for consumer electronics, automotive, and industrial applications.
Wireless Power Transmission Market Drivers
Growing need for effective charging solutions for electric vehicles is thriving the market growth
The global wireless power transmission market is being driven by a number of factors, including the growing need for effective charging solutions for electric vehicles, the growing need for effective charging solutions for electric vehicles, and the adoption of wireless charging in healthcare, aerospace, and defense sectors.
Wireless charging provides convenience, ease of use, and eliminates the need for cords and cables, making it a popular choice for consumers and industries alike. In the healthcare, aerospace, and defense sectors, wireless charging offers a safe and reliable way to charge electronic devices critical to these industries.
The market is also being driven by the development of long-range wireless power transmission technologies, the rising awareness about energy conservation, and sustainable solutions, and the growing demand for wireless charging in emerging economies.
Technology Segmentation of Global Wireless Power Transmission Market
Inductive coupling segment is currently the largest segment in the market
Based on technology, the inductive coupling segment is currently the largest segment in the wireless power transmission market. Inductive coupling is a method of wireless power transmission that uses an electromagnetic field to transfer energy between two coils that are in close proximity to each other.
The popularity of inductive coupling is due to its simple design, ease of implementation, and relatively low cost. It is commonly used for wireless charging of devices such as smartphones, wearables, and electric toothbrushes. The technology is also widely adopted in the automotive industry for wireless charging of electric vehicles.
Although magnetic resonance and radio frequency technologies have advantages in terms of longer-range and higher power transfer, they are relatively complex, expensive, and not as widely adopted as inductive coupling. Other wireless power transmission technologies such as laser-based and ultrasound-based methods are still in the experimental stage and are not yet widely used.
Overall, the inductive coupling segment is expected to continue to dominate the wireless power transmission market due to its simplicity, reliability, and cost-effectiveness for a wide range of applications.
Regional Trends of the Global Wireless Power Transmission Market
United States is the largest wireless power transmission market in North America
Geographically, the global wireless power transmission market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Following are some of the major trends in these regions –
North America: North America is one of the leading regions in the wireless power transmission market, driven by the increasing adoption of electric vehicles, the growth of the smartphone and wearable market, and the presence of key players in the region. The United States is the largest market in the region, followed by Canada and Mexico.
Europe: Europe is also a significant market for wireless power transmission, driven by the increasing adoption of electric vehicles and the growing demand for wireless charging solutions in consumer electronics. Germany, France, and the UK are the leading markets in the region.
Asia-Pacific: Asia-Pacific is the largest market for wireless power transmission, driven by the presence of major smartphone and consumer electronics manufacturers, the increasing adoption of electric vehicles, and the growth of the healthcare industry. China, Japan, South Korea, and India are the leading markets in the region.
Middle East and Africa: The Middle East and Africa region is a growing market for wireless power transmission, driven by the increasing adoption of wireless charging in the healthcare and aerospace industries. The United Arab Emirates, Saudi Arabia, and South Africa are the leading markets in the region.
South America: South America is also a growing market for wireless power transmission, driven by the increasing adoption of wireless charging in the automotive and consumer electronics industries. Brazil, Argentina, and Chile are the leading markets in the region.
Key players and market strategies:
Companies operating in the global wireless power transmission market have adopted various growth strategies to expand their market share and increase their revenue.
Some of the major growth strategies adopted by these companies include:
Product Innovation: Companies are investing heavily in R&D to develop innovative wireless charging solutions that are faster, more efficient, and more reliable than existing technologies. For example, Energous Corporation has developed a WattUp wireless charging system that can charge multiple devices simultaneously, while also providing real-time charging feedback to users.
Strategic Partnerships: Companies are forming strategic partnerships and collaborations with other companies to expand their market reach and enhance their product offerings. For example, Qualcomm has partnered with Samsung and other smartphone manufacturers to integrate its wireless charging technology into their devices.
Merger and Acquisition: Companies are acquiring other companies to expand their market share and increase their product portfolio. For example, WiTricity acquired Qualcomm's wireless charging technology division, which helped WiTricity expand its product portfolio and strengthen its position in the market.
Expansion: Companies are expanding their operations in new geographic regions to increase their market share and reach new customers. For example, Powermat Technologies expanded its operations to China, which helped the company tap into the growing demand for wireless charging solutions in the region.
ConvenientPower HK Limited, Energous Corporation, Humavox Ltd., Integrated Device Technology, Inc., Leggett & Platt, Incorporated, Mojo Mobility, Inc., Ossia Inc., Powermat Technologies Ltd., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., TDK Corporation, Texas Instruments Incorporated, Toshiba Corporation, Wi-Charge Ltd., Witricity Corporation and many more.
Global Wireless Power Transmission Market Segmentation:
By Technology:
- Inductive Coupling
- Magnetic Resonance
- Radio Frequency
- Others
By Range:
- Near-field
- Far-field
By Application:
- Gateways
- Tranceivers
- Receiver
- Transmitter
By End-user:
- Consumer Electronics
- Automotive
- Industrial
- Medical Devices
- Home & Building Automation
- Others
By Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Wireless Power Transmission Market
- Global Wireless Power Transmission Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Trends
- Global Wireless Power Transmission Market Analysis and Forecast, by Range
- Overview and definitions
- Key segment analysis
- Global Wireless Power Transmission Market Estimates (US$ Mn), by Range, 2019 – 2032
- Near-Field Technology
- Far-Field Technology
- Global Wireless Power Transmission Market Analysis and Forecast, by Technology
- Overview and definitions
- Key segment analysis
- Global Wireless Power Transmission Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Inductive Coupling
- Magnetic Resonance
- Radio Frequency
- Others
- Global Wireless Power Transmission Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Wireless Power Transmission Market Estimates (US$ Mn), by Application, 2019 – 2032
- Gateways
- Transceivers
- Receiver
- Transmitter
- Global Wireless Power Transmission Market Analysis and Forecast, by End Use Industry
- Overview and definitions
- Key segment analysis
- Global Wireless Power Transmission Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Consumer Electronics
- Automotive
- Industrial
- Medical Devices
- Home & Building Automation
- Others
- Global Wireless Power Transmission Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Wireless Power Transmission Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Wireless Power Transmission Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Wireless Power Transmission Market Estimates (US$ Mn), by Range, 2019 – 2032
- Near-Field Technology
- Far-Field Technology
- North America Wireless Power Transmission Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Inductive Coupling
- Magnetic Resonance
- Radio Frequency
- Others
- North America Wireless Power Transmission Market Estimates (US$ Mn), by Application, 2019 – 2032
- Gateways
- Transceivers
- Receiver
- Transmitter
- North America Wireless Power Transmission Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Consumer Electronics
- Automotive
- Industrial
- Medical Devices
- Home & Building Automation
- Others
- North America Wireless Power Transmission Market Estimates (US$ Mn), by Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Wireless Power Transmission Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Wireless Power Transmission Market Estimates (US$ Mn), by Range, 2019 – 2032
- Near-Field Technology
- Far-Field Technology
- Europe Wireless Power Transmission Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Inductive Coupling
- Magnetic Resonance
- Radio Frequency
- Others
- Europe Wireless Power Transmission Market Estimates (US$ Mn), by Application, 2019 – 2032
- Gateways
- Transceivers
- Receiver
- Transmitter
- Europe Wireless Power Transmission Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Consumer Electronics
- Automotive
- Industrial
- Medical Devices
- Home & Building Automation
- Others
- Europe Wireless Power Transmission Market Estimates (US$ Mn), by Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Wireless Power Transmission Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Wireless Power Transmission Market Estimates (US$ Mn), by Range, 2019 – 2032
- Near-Field Technology
- Far-Field Technology
- Asia Pacific Wireless Power Transmission Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Inductive Coupling
- Magnetic Resonance
- Radio Frequency
- Others
- Asia Pacific Wireless Power Transmission Market Estimates (US$ Mn), by Application, 2019 – 2032
- Gateways
- Transceivers
- Receiver
- Transmitter
- Asia Pacific Wireless Power Transmission Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Consumer Electronics
- Automotive
- Industrial
- Medical Devices
- Home & Building Automation
- Others
- Asia Pacific Wireless Power Transmission Market Estimates (US$ Mn), by Country, 2019 – 2032
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa Wireless Power Transmission Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Wireless Power Transmission Market Estimates (US$ Mn), by Range, 2019 – 2032
- Near-Field Technology
- Far-Field Technology
- Middle East & Africa Wireless Power Transmission Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Inductive Coupling
- Magnetic Resonance
- Radio Frequency
- Others
- Middle East & Africa Wireless Power Transmission Market Estimates (US$ Mn), by Application, 2019 – 2032
- Gateways
- Transceivers
- Receiver
- Transmitter
- Middle East & Africa Wireless Power Transmission Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Consumer Electronics
- Automotive
- Industrial
- Medical Devices
- Home & Building Automation
- Others
- Middle East & Africa Wireless Power Transmission Market Estimates (US$ Mn), by Country, 2019 – 2032
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America Wireless Power Transmission Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Wireless Power Transmission Market Estimates (US$ Mn), by Range, 2019 – 2032
- Near-Field Technology
- Far-Field Technology
- South America Wireless Power Transmission Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Inductive Coupling
- Magnetic Resonance
- Radio Frequency
- Others
- South America Wireless Power Transmission Market Estimates (US$ Mn), by Application, 2019 – 2032
- Gateways
- Transceivers
- Receiver
- Transmitter
- South America Wireless Power Transmission Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Consumer Electronics
- Automotive
- Industrial
- Medical Devices
- Home & Building Automation
- Others
- South America Wireless Power Transmission Market Estimates (US$ Mn), by Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Competition Analysis – Global Wireless Power Transmission Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Wiferion
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- WiTricity
- Samsung Electronics Co. Ltd
- Texas Instruments Inc
- Qualcomm, Inc.
- TDK Corporation
- indie Semiconductor
- Emrod
- Energous Corporation
- Energysquare
- Humavox LTD.
- Powercast
- Ossia
- Wiferion
- Conclusion & Recommendations
Frequently asked questions about this report
How large is the wireless power transmission market?
The wireless power transmission market was estimated to be US$ 7.26 Billion in 2022.
What is the wireless power transmission market growth?
The wireless power transmission market is expected grow at a CAGR of 19.9% between 2023 to 2032.
What are the major drivers for the global wireless power transmission market?
The wireless power transmission market is being driven by a number of factors, including the increasing demand for smartphones, wearables, and other consumer electronics, the growing need for effective charging solutions for electric vehicles, and the adoption of wireless charging in healthcare, aerospace, and defense sectors.
Which product type is the largest in the wireless power transmission market?
The inductive coupling is currently the largest technology segment in the wireless power transmission market. The popularity of inductive coupling is due to its simple design, ease of implementation, and relatively low cost.
Which region will lead the global wireless power transmission market?
North America is one of the leading regions in the wireless power transmission market, driven by the increasing adoption of electric vehicles and the growth of the smartphone and wearable market.
Which are the companies operating in the global wireless power transmission industry?
ConvenientPower HK Limited, Energous Corporation, Humavox Ltd., Integrated Device Technology, Inc., Leggett & Platt, Incorporated, Mojo Mobility, Inc., Ossia Inc., Powermat Technologies Ltd., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., TDK Corporation, Texas Instruments Incorporated, Toshiba Corporation, Wi-Charge Ltd. and Witricity Corporation are the major players in this market.
What are some of the uses of wireless power transmission?
Wireless power transmission are largely used in the Gateways, Tranceivers, Receiver, Transmitter and others.