Wireless Power Transmission Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Hardware, Software), By Technology (Inductive Coupling, Capacitive Coupling, Resonant Inductive Coupling, Others), By Range (Short, Medium, Long), By Application (Consumer Electronics, Healthcare, Automotive, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Nov 2022 Report Code: KSI061611139 Pages: 146

The global wireless power transmission market is projected to grow at a CAGR of 14.86% to reach US$26.663 billion by 2027, from US$10.111 billion in 2020. Wireless Power Transmission (WPT), also known as wireless energy transmission, is defined as the seamless transmission of electrical energy without the use of wires. In this system, a transmitting device is powered by an electric source and generates a time-varying electromagnetic field that is used to transfer power across space to a receiving device. This receiver extracts the power and delivers it to the load. This technology improves mobility, and convenience, and eliminates the need for wires and batteries. People's disposable income is increasing, which increases their proclivity to spend on the latest technology-based devices and consumer electronics such as entertainment devices, mobile phones, and laptops, pushing the demand for wireless power transmission systems and thus boosting market growth. Moreover, the increasing requirement for more reliable and efficient energy distribution systems and lines is encouraging electric grid operators to look for a solution like smart grids, which include smart metres, appliances, and renewable resources, will assist them in managing energy resources more effectively and efficiently. This will increase the demand for wireless power transmission systems and drive the market growth over the forecast period. In addition, the increasing focus of automakers to include this technology for the charging of electric vehicles will also increase demand and bolster the market’s growth further.

Furthermore, rising investments and participation from market players to improve these machines by incorporating advanced features and encouraging their use in a variety of applications will drive market growth over the forecast period. For instance, on 22nd May 2019, Samsung announced the launch of two new products in its wireless device portfolio called the Wireless Power Bank and Wireless Charging Duo Pad. These new devices will encourage a connected lifestyle and can charge any Qi-certified device.

The wireless power transmission market has been segmented based on components, technology, range, application, and geography. By component, the market has been divided into two parts: hardware and software. By technology, the market has been divided into several segments, including inductive coupling, capacitive coupling, resonant inductive coupling, and others. The market has been divided into three ranges: short, medium, and long. The market has been divided into applications such as consumer electronics, healthcare, automotive, and others.

The hardware segment holds a sizable market share.

The hardware segment is expected to account for a significant market share due to the affordability of these solutions for consumers, which is easily met by their desire to purchase upgraded technology and increased spending on advanced consumer electronics. Inductive coupling is estimated to hold the majority market share, owing to the fact that this type of technology is regularly used for most of the modern applications we see today, such as wireless room entry key cards, wireless toothbrush charging stands, and wireless docks for phones that facilitate charging.

Medium and long-range will have a sizable market share.

By range, the medium and long-range segments account for a significant market share because most of the applications that wireless power transmission caters to require a good range for a more effective and efficient transfer of power with no losses or delays.

By application, consumer electronics is expected to have a significant market share because all recently launched and upcoming consumer electronics support wireless power transmission capabilities, making them more advanced and efficient. Furthermore, Automotive has the potential to increase its share over the forecast period as a result of middle-class investments in research to improve the wireless charging capability of electric vehicles and make it more efficient.

Geographically, Asia Pacific holds the majority share because China is the major consumer electronics manufacturing hub. The growing demand for consumer electronics and advanced electronic devices from an expanding middle-class population, combined with mini-robot research and development, will contribute to this growth.

Recent development and expansion

  • Neotes Co., Ltd. announced in December 2021 that it had succeeded in developing a completely new wireless power transmission technology that overcomes all of the various obstacles that have been major issues with the conventional wireless transfer.
  • Ericsson and PowerLight demonstrated the world's first wirelessly powered 5G base station in October 2021. The achievement is part of the two companies' collaboration to explore and develop innovative 5G solutions aimed at increasing the speed and flexibility of network deployment in a variety of environments.
  • EEMROD, a New Zealand-based technology startup, announced in September 2020 that it had developed new long-range, high-powered wireless power transmission technology that could replace existing copper lines.

Covid 19 impact on Wireless Power Transmission Market

COVID-19 had a negative impact on the wireless power transmission market due to the strict lockdowns and social distancing implemented to contain the virus's spread. Economic uncertainty, a partial business shutdown, and low consumer confidence all impacted demand for wireless power transmission technology. During the pandemic, the supply chain and logistics activities were hampered. However, due to the relaxation of restrictions, the wireless power transmission market is expected to pick up steam in the post-pandemic scenario.

Wireless Power Transmission Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$10.111 billion
 Market Size Value in 2027  US$26.663 billion
 Growth Rate  CAGR of 14.86% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Component, Technology, Range, Application, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Samsung Electronics Co. Ltd, WiTricity Corporation, TDK Corporation, Murata Manufacturing Co. Ltd, Energous Corporation, Texas Instruments Incorporated, Renesas Electronics Corporation, LG INNOTEK, Qualcomm Technologies, Inc., RRC power solutions
 Customization Scope  Free report customization with purchase

 

Segmentation

The global wireless power transmission market is segmented by component, technology, range, application, and geography.

  • By Component
    • Hardware
    • Software
  • By Technology
    • Inductive Coupling
    • Capacitive Coupling
    • Resonant Inductive Coupling
    • Others
  • By Range
    • Short
    • Medium
    • Long
  • By Application
    • Consumer Electronics
    • Healthcare
    • Automotive
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

1. Introduction

1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. Research Methodology  

2.1. Research Data

2.2. Assumptions

 

3. Executive Summary

3.1. Research Highlights

 

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. Wireless Power Transmission Market Analysis, By Component

5.1. Introduction

5.2. Hardware

5.3. Software

 

6. Wireless Power Transmission Market Analysis, By Technology

6.1. Introduction

6.2. Inductive Coupling

6.3. Capacitive Coupling

6.4. Resonant Inductive Coupling

6.5. Others

 

7. Wireless Power Transmission Market Analysis, By Range

7.1. Introduction

7.2. Short

7.3. Medium

7.4. Long

 

8. Wireless Power Transmission Market Analysis, By Application

8.1. Introduction

8.2. Consumer Electronics

8.3. Healthcare

8.4. Automotive

8.5. Others

 

9. Wireless Power Transmission Market Analysis, By Geography

9.1. Introduction

9.2. North America

9.2.1. USA

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. Germany

9.4.2. France

9.4.3. United Kingdom

9.4.4. Spain

9.4.5. Italy

9.4.6. Others

9.5. Middle East and Africa

9.5.1. Saudi Arabia

9.5.2. Israel

9.5.3. UAE

9.5.4. Others

9.6. Asia Pacific

9.6.1. China

9.6.2. Japan

9.6.3. South Korea

9.6.4. India

9.6.5. Indonesia

9.6.6. Thailand

9.6.7. Taiwan

9.6.8. Others

 

10. Competitive Environment and Analysis

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

 

11.  Company Profiles 

11.1. Samsung Electronics Co. Ltd

11.2. WiTricity Corporation

11.3. TDK Corporation

11.4. Murata Manufacturing Co. Ltd

11.5. Energous Corporation

11.6. Texas Instruments Incorporated

11.7. Renesas Electronics Corporation

11.8. LG INNOTEK

11.9. Qualcomm Technologies, Inc.

11.10. RRC power solutions

Samsung Electronics Co. Ltd

WiTricity Corporation

TDK Corporation

Murata Manufacturing Co. Ltd

Energous Corporation

Texas Instruments Incorporated

Renesas Electronics Corporation

LG INNOTEK

Qualcomm Technologies, Inc.

RRC power solutions

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us