Press Releases

The global wireless power transmission market is anticipated to reach 22.5% CAGR during 2023-2030. Wireless power transmission is a technological development that transmits power via wireless connectivity between any two points, thus the Loads receive electromagnetic energy from the source. The robust industrialization, globalization, rising demand for consumer electronics globally, extensive adoption of WPT technologies as an alternative to wired charging systems for smartphones, portable MP3 players, digital cameras, and laptops, increasing need for energy conversion and energy-efficient solutions and rising need for effective charging systems will bolster the growth of the wireless power transmission market. Furthermore, the mounting demand for effective and reliable power distribution systems, technological development by prominent industry players, and usage of WPT-based smart grids which have improved the utilization of WPT systems in smart meters, appliances, and other equipment will propel the growth of the market. Thus, wireless power transmissions are extensively adopted in consumer electronics, industrial, automotive, healthcare, and defense applications.  Nevertheless, wireless charging has also seen considerable advancements, with numerous start-ups developing products based on laser and microwave technologies that can charge multiple devices at once.

The wireless power transmission market refers to the industry segment that deals with the development, manufacturing, and deployment of technologies and systems that enable the transmission of electrical power without the need for physical connections, such as wires or cables. Wireless power transmission, also known as wireless charging or inductive charging, uses electromagnetic fields to transfer energy from a power source to a receiver device.

The wireless power transmission market has experienced significant growth in recent years due to the increasing adoption of wireless charging technologies in various applications, including consumer electronics, automotive, healthcare, industrial, and others. Some key factors driving the market growth include:

Consumer electronics: Wireless charging has become increasingly popular in consumer electronic devices such as smartphones, smartwatches, wireless earphones, and tablets. The convenience and ease of use offered by wireless charging technology have contributed to its adoption in these devices.

Automotive sector: The automotive industry has been integrating wireless charging solutions for electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs). Wireless charging enables convenient and efficient charging of electric vehicles without the need for physical connections, making it an attractive option for EV owners.

Healthcare industry: Wireless power transmission technology has found applications in the healthcare sector, particularly in medical devices and implants. It enables wireless charging of devices such as hearing aids, medical wearables, and implantable medical devices, improving patient comfort and eliminating the need for frequent battery replacements.

Industrial applications: Wireless power transmission is being utilized in industrial settings for powering sensors, monitoring devices, and other equipment. It offers advantages such as increased flexibility, reduced maintenance, and improved safety in hazardous environments.

Infrastructure and public spaces: There is a growing trend of integrating wireless charging infrastructure in public spaces, such as airports, cafes, restaurants, and offices. These wireless charging stations provide convenient charging options for users without the need for traditional power outlets.

In January 2022, Renesas Electronics Corporation, a leading provider of advanced semiconductor solutions has announced the P9418 which is the world's first 60W wireless power receiver so as to provide faster wireless charging solutions in smartphones, laptops, and notebook devices. The highly integrated P9418 wireless power receiver uses Renesas' patented WattShare technology to supply up to 60W of power in a single chip.

The COVID-19 outbreak has led to a negative effect on the economic conditions of the wireless power transmission market globally. There was a lack of workforce and the temporary shutdown of the manufacturing units. However, the industry players are re-evaluating their strategies and are stabilizing the supply chain in the post-pandemic period.

Browse 60 market data Tables and 35 Figures spread through 250 Pages and in-depth TOC on " Wireless Power Transmission Market by Technology (Near-Field Technology (Inductive, Magnetic Resonance, and Capacitive Coupling/Conductive) and Far-Field Technology (Microwave/RF and Laser/Infrared), by Type (Device with Battery and Device without Battery), by Receiver Application (Smartphones, Tablets, Wearable Electronics, Notebooks, Other Consumer Electronics, Electric Vehicle Charging, and Industrial), by Transmitter Application (Standalone Chargers, Automotive (In-Vehicle), Electric Vehicle Charging, Furniture, and Industrial), and Region - Global Forecast to 2030"

By technology, magnetic resonance technology is anticipated to witness the fastest growth during the forecast period.

Magnetic resonance technology is anticipated to be the fastest-growing segment in the wireless power transmission market as it has growth potential in several applications like smartphone charging, wearable electronics charging, EV charging owing to its user-friendly characteristic.

Global Wireless Power Transmission Market Segmentation Analysis

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“Europe to hold the highest market share in 2022.”

Europe is anticipated to have the highest market share as they are the early adopters of wireless power transmission technology. Europe is the hub of the automotive sector especially in electric vehicles and the growth in wearable electronics will propel the growth of the wireless power transmission market in the region.

Some of the major players in the global wireless power transmission market include Texas Instruments Incorporated, Qualcomm Technologies, Inc., Renesas Electronics Corporation, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Panasonic Corporation, ROHM CO., LTD., Semtech Corp., Energizer Holdings, Inc., Murata Manufacturing Co., Ltd., and WiTricity Corporation.

Scope of the Report

Global Wireless Power Transmission Market Coverage

Technology Insight and Forecast 2018-2030

• Near-Field Technology
  • Inductive
  • Magnetic Resonance
  • Capacitive Coupling/Conductive
• Far-Field Technology
  • Microwave/RF
  • Laser/Infrared

Type Insight and Forecast 2018-2030

• Device with Battery
• Device without Battery

Receiver Application Insight and Forecast 2018-2030

• Smartphones
• Tablets
• Wearable Electronics
• Notebooks
• Other Consumer Electronics
• Electric Vehicle Charging
• Industrial

Transmitter Application Insight and Forecast 2018-2030

• Standalone Chargers
• Automotive (In-Vehicle)
• Electric Vehicle Charging
• Furniture
• Industrial

Geographical Segmentation

Wireless Power Transmission Market by Region

North America

• By Technology
• By Type
• By Receiver Application
• By Transmitter Application
• By Country – U.S., Canada, and Mexico

Europe

• By Technology
• By Type
• By Receiver Application
• By Transmitter Application
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Technology
• By Type
• By Receiver Application
• By Transmitter Application
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Technology
• By Type
• By Receiver Application
• By Transmitter Application
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries