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Pulished Date August, 2021
ID: 12026
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Wireless Power Transmission Market by Technology (Near-Field, Far-Field), Implementation (Integrated, Aftermarket), Transmitter Application (Standalone Chargers, Automotive (In-Vehicle), Electric Vehicle Charging, Furniture, Industrial), Receiver Application (Smartphones, Tablets, Wearable Electronics, Notebooks, Other Consumer Electronics, Electric Vehicle Charging, Industrial) & Geography (North America, Latin America, Europe, APAC, MEA) – Global Industry Analysis on Size, Share, Trends, Growth, Opportunities, Landscape & Forecast Report | 2021 – 2026

Pulished: August, 2021
ID: 12026
Pages: 175

Wireless Power Transmission Market Size, Share & Trends (2021 - 2026)

The Wireless Power Transmission Market is estimated to grow from USD 8.2 billion in 2021 and is expected to grow USD 19.3 billion by 2026, at a CAGR of 20.2% between 2021 and 2026.

The transmission of electrical energy without the need for cables as a physical link is known as wireless power transfer (WPT), wireless power transmission (WPT), wireless energy transmission (WET), or electromagnetic power transfer. A transmitter device, powered by electric power from a power source, generates a time-varying electromagnetic field that sends power over space to a reception device, which extracts energy from the area and distributes it to an electrical load in a wireless power transmission system. The wireless power transmission technology can directly transmit the power without using wires, batteries; this is convenient to port from place to place and can improve the safety of users. In addition, these devices are more helpful where the users are facing interconnecting issues.

Near-field and far-field wireless power techniques are the two most common types. Power is transferred over short distances neither by magnetic fields using inductive coupling between wire coils nor by electric fields using capacitive coupling between metal electrodes in the immediate area or non-radiative approaches. The most broadly used wireless technology is inductive coupling, with uses such as charging handheld devices such as phones and electric toothbrushes, RFID tags, induction cooking, and wireless charging or continuous wireless power transfer in implantable medical devices, including artificial cardiac pacemakers or electric vehicles.

Wireless Power Transmission Market Key Trends:

Wireless Power Transmission Market Drivers

The increase in consumers' interest in wireless connectivity may drive the market towards the projected period. This includes the consumers looking for cost-effective device quality, low maintenance, portability, and fast working device. Furthermore, the usage of wireless devices is expanding globally due to development in urbanization. Therefore, bringing advanced technologies into the market with innovative ideas may grow the wireless power transmission market.

Wireless Power Transmission Market Restraints:

The high cost of technology combined with the lack of wireless devices infrastructure may hamper the size of the wireless power transmission market. In addition, some of the technical issues occurring in wireless power devices are hindering the market's growth. The safety and quality of the devices are not guaranteed due to uncertified products.

Wireless Power Transmission Market Opportunities:

Automobile manufacturing companies focus on electrically charged devices, the most significant opportunity in the wireless power transmission market. Furthermore, incorporating solar and wireless transmission will provide a growth opportunity to open up a new market.

Wireless Power Transmission Market Challenges:

Significant challenges facing the market are minor technical limitations and the limited transmission range of a particular technology. Marketing limitations are becoming a big challenge for the wireless power transmissions industry. Major issues like the biological environment that affect human life, security, and safety problems face the industry. Finally, the most challenging problem is that most start-up companies develop goods but never launch them.

Wireless Power Transmission Market Segmentation:

Wireless Power Transmission Market – By Technology

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

Based on the technology of the wireless power transmission market, Inductive technology has practically commoditized the wireless power transmission business, particularly for consumer electronics applications; as a result, it commanded the most significant market share in 2020. Smartphones, tablets, and wearable devices are all examples of inductive wireless power transfer applications. Magnetic resonance technology, on the other hand, is still in its infancy. Thus, on the other hand, the far-field technology segment is expected to increase at the fastest rate over the forecast period.

Wireless Power Transmission Market – By Implementation:

  • Integrated
  • Aftermarket

Based on the implementation of the wireless power transmission market, the segment is divided into integrated and aftermarket. Among these, the integrated part registers the highest market share, and the aftermarket segment is growing the highest CAGR during the forecast period.

Wireless Power Transmission Market – By Receiver Application:

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

Due to the adoption of inductive wireless power transmission in various smartphones, smartphones are the most outstanding receiver application for wireless power transmission technology. Some prominent smartphones with wireless charging capability include the Samsung Galaxy Series, Motorola Droid phones, and Google Nexus phones. In addition, Samsung Electronics Co., Ltd. (South Korea) offers an extensive smartphone line with wireless charging receiver capabilities.

Wireless Power Transmission Market – By Transmitter Application:

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

The transmitter application of the wireless power transmission market is divided into standalone chargers, automotive, electric vehicle, furniture, and industrial. Among these, standalone chargers occupied a significant share of the market, whereas automotive is growing highest CAGR due to increase in usage of automatic products.

Wireless Power Transmission Market – By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Most consumer electronic products such as smartphones, tablets, laptops, and wearable gadgets are manufactured in the Asia Pacific. Its large population and increasing urbanization have always resulted in high demand for electronics. As a result, the APAC region's big market size in the worldwide wireless power transmission technology market may be linked to large consumer electronics industries in countries like China, Japan, India, and South Korea.

Due to rising domestic demand and lower production costs than Europe and other North American countries such as Canada and the United States, electronics manufacturers have considered Mexico as a manufacturing hub. Over the next six years, the excellent prognosis for Mexico's electronics industry is predicted to stimulate demand for wireless power transfer.             

Key players,

  • Texas Instruments, Inc.Qualcomm, Inc.
  • Integrated Device Technology, Inc.
  • Semtech Corp
  • Toshiba Corp.
  • Panasonic Corp.
  • Rohm Co., Ltd.

Recent Developments:

  • WiTricity Corp announced a partnership with Nissan Motor Company, Ltd. (Japan) for wireless charging of electric vehicles in February 2017. This will allow the firm to concentrate on implementing its wireless charging technology into electric automobiles.
  • Dell, Inc. (USA) introduced a wireless charging notebook based on magnetic resonance technology in January 2017. The WiTricity wireless charging technology has been included in the notebook by the company.
  • PowerbyProxi Ltd. introduced the Proxy-Module 100W modular wireless power solution in November 2016. It's made for industrial applications like power transfer across rotating or vibrating joints, power transfer across hot-swap connectors, and power transfer in hazardous and dusty environments.

COVID-19 Analysis on wireless power transmission market:

The suspension of manufacturing plants in the region has resulted in a significant loss of business and revenue for the Asian and European countries under lockdown. In addition, the emergence of the COVID-19 disease has had a considerable influence on the operations of the production and manufacturing industries, resulting in a drop in the growth of the wireless power transmission market in 2020.

Electronics and semiconductors have been halted due to the recession and lack of workforce availability worldwide. In addition, the COVID-19 outbreak resulted in a significant and long-term drop in factory utilization, and travel bans and facility closures kept workers away from their factories, resulting in a slowing of the wireless power transmission industry's growth.

The negative impact of COVID-19 on the wireless power transmission market, on the other hand, is only predicted to last a short time; by early 2021, the market is likely to be fully recovered, with a high demand for wireless power transmission goods during the post-pandemic era. This is attributable to an increase in market participants rethinking their strategies and devising swift solutions to stabilize their supply chains.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Wireless Power Transmission Market, By Technology                

                    6.1.1 Near-Field Technology       

                    6.1.2 Far-Field Technology         

                    6.1.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Wireless Power Transmission Market, By Implementation          

                    6.2.1 Integrated      

                    6.2.2 Aftermarket   

                    6.2.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Wireless Power Transmission Market, By Receiver Application             

                    6.3.1 Smartphones 

                    6.3.2 Tablets

                    6.3.3 Wearable Electronics

                    6.3.4 Notebooks     

                    6.3.5 Other Consumer Electronics         

                    6.3.6 Electric Vehicle Charging    

                    6.3.7 Industrial       

                    6.3.8 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.9 Y-o-Y Growth Rate Analysis         

                    6.3.10 Market Attractiveness Index       

          6.4 Wireless Power Transmission Market, By Transmitter Application                    

                    6.4.1 Standalone Chargers

                    6.4.2 Automotive (In-Vehicle)      

                    6.4.3 Electric Vehicle Charging    

                    6.4.4  Furniture      

                    6.4.5 Industrial       

                    6.4.6 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.7 Y-o-Y Growth Rate Analysis         

                    6.4.8 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2021 - 2026)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Technology          

                    7.2.3 By Implementation   

                    7.2.4 By Receiver Application       

                    7.2.5 By Transmitter Application

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Technology          

                    7.3.3 By Implementation   

                    7.3.4 By Receiver Application       

                    7.3.5 By Transmitter Application

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Technology          

                    7.4.3 By Implementation   

                    7.4.4 By Receiver Application       

                    7.4.5 By Transmitter Application

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Technology          

                    7.5.3 By Implementation   

                    7.5.4 By Receiver Application       

                    7.5.5 By Transmitter Application

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Technology          

                    7.6.3 By Implementation   

                    7.6.4 By Receiver Application       

                    7.6.5 By Transmitter Application

8. Key Player Analysis                           

          8.1 Texas Instruments, Inc.Qualcomm, Inc.               

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2  Integrated Device Technology, Inc.           

          8.3 Semtech Corp             

          "8.4 Toshiba Corp.

"                  

          8.5 Panasonic Corp.          

          8.6 Rohm Co., Ltd.           

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Wireless Power Transmission Market By Region, From 2021-2026 ( USD Billion )
  2. Global Wireless Power Transmission Market By Technology, From 2021-2026 ( USD Billion )
  3. Global Near-Field Technology Market By Region, From 2021-2026 ( USD Billion )
  4. Global Far-Field Technology Market By Region, From 2021-2026 ( USD Billion )
  5. Global Wireless Power Transmission Market By Implementation, From 2021-2026 ( USD Billion )
  6. Global Integrated Market By Region, From 2021-2026 ( USD Billion )
  7. Global Aftermarket Market By Region, From 2021-2026 ( USD Billion )
  8. Global Wireless Power Transmission Market By Receiver Application , From 2021-2026 ( USD Billion )
  9. Global Smartphones Market By Region, From 2021-2026 ( USD Billion )
  10. Global Tablets Market By Region, From 2021-2026 ( USD Billion )
  11. Global Wearable Electronics Market By Region, From 2021-2026 ( USD Billion )
  12. Global Notebooks Market By Region, From 2021-2026 ( USD Billion )
  13. Global Other Consumer Electronics Market By Region, From 2021-2026 ( USD Billion )
  14. Global Electric Vehicle Charging Market By Region, From 2021-2026 ( USD Billion )
  15. Global Industrial Market By Region, From 2021-2026 ( USD Billion )
  16. Global Wireless Power Transmission Market By Transmitter Application , From 2021-2026 ( USD Billion )
  17. Global Standalone Chargers Market By Region, From 2021-2026 ( USD Billion )
  18. Global Automotive (In-Vehicle) Market By Region, From 2021-2026 ( USD Billion )
  19. Global Electric Vehicle Charging Market By Region, From 2021-2026 ( USD Billion )
  20. Global Furniture Market By Region, From 2021-2026 ( USD Billion )
  21. Global Industrial Market By Region, From 2021-2026 ( USD Billion )
  22. Global Wireless Power Transmission Market By Near-Field Technology, From 2021-2026 ( USD Million )
  23. Global Inductive Market By Region, From 2021-2026 ( USD Million )
  24. Global Magnetic Resonance Market By Region, From 2021-2026 ( USD Million )
  25. Global Capacitive Coupling/Conductive Market By Region, From 2021-2026 ( USD Million )
  26. Global Wireless Power Transmission Market By Far-Field Technology, From 2021-2026 ( USD Million )
  27. Global Microwave/RF Market By Region, From 2021-2026 ( USD Million )
  28. Global Laser/Infrared Market By Region, From 2021-2026 ( USD Million )
  29. Global Wireless Power Transmission Market By Far-Field Technology, From 2021-2026 ( USD Million )
  30. Global Microwave/RF Market By Region, From 2021-2026 ( USD Million )
  31. Global Laser/Infrared Market By Region, From 2021-2026 ( USD Million )

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