Wireless Power Transmission Market Size, Share, Growth Report 2032

Wireless Power Transmission Market Size

The global wireless power transmission market size was worth around USD 12.26 billion in 2023 and is predicted to grow to around USD 21.43 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.4% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the wireless power transmission market on a global and regional level.

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Global Wireless Power Transmission Market: Overview

Wireless power transmission is the wireless technology through which power is transmitted from one place to another. In this, electromagnetic energy is transferred from power sources to electric loads. It is widely used mode of transmission for the electrical energy. The main drawback of this mode is that certain amount of energy is lost during transmission. Wireless power transmission is fast and consistent in nature; apart from this, it uses both short and long-range transmissions. However, it requires low maintenance cost. Wireless power transmission is usually used to transfer energy to remote areas. It is extensively used in the consumer electronics goods applications such as smartphones, laptops, and tablets. Whereas, largest application of the wireless power transmission is the solar-power satellites. It is used in robots and fuel-free rockets, fuel-free aircraft, and fuel-free electric automobiles.

Global Wireless Power Transmission Market: Growth Factors

Poor transmission tools are replaced with the latest technology, and wireless power transmission is largely adopted; this is the major driving factor of the global wireless power transmission market. Technological advancements and innovations have opened up new growth opportunities in the global market. Increasing demand for functioned devices may foster the global market growth. Important companies focusing on investing on product development and research & development activities is expected to fuel the global wireless power transmission market growth. Moreover, emerging need for new wireless power transmission applications such as solar-power satellites also boosts the global market growth. However, the high initial cost required for implementation of the wireless power transmission, interference of microwaves with current communication systems and loss of energy during transmission are major challenges faced by global wireless power transmission market.

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Global Wireless Power Transmission Market: Segmentation

Based on technology, the global wireless power transmission market is divided as non-radioactive techniques and radioactive techniques.

Based on the application, the global market is classified as automotive, consumer electronics, defense, healthcare, and automotive. Consumer electronics is further sub-segmented as wearable electronics, mobile phones, laptops, and tablets.

On the basis of transmission types, the global market is segmented as devices with battery and devices without battery.

Based on transmission range, the global market is categorized as long, short, and medium range.

Wireless Power Transmission Market: Report Scope

Global Wireless Power Transmission Market: Regional Analysis

Asia Pacific is the dominating region across the world due to the positive outlook in the electronics industries in China, South Korea, and Japan. Growing automobile industry in Indonesia, China, and Malaysia may open up gateways for new growth opportunities. Mexico is emerging as a new manufacturing hub due to low manufacturing cost and rising demand for in North American regions such as the U.S. and Canada. The U.S. is highly investing in the wireless power transmission technology to utilize power system networks and minimize the expenditure need to installed overhead cables. Europe is also showing a significant growth in the near future. Positive outlook in Mexico may drive the demand for wireless power transmission market.

Global Wireless Power Transmission Market: Competitive Players

Major players operating in the global wireless power transmission market are

• WiTricity
• Qualcomm
• ConvenientPower HK
• Leggett & Platt
• Energizer Holdings Inc.
• Plugless Power
• Powermat Technologies Ltd.
• Murata Manufacturing Co. Ltd.
• Integrated Device Technology Inc.
• Texas Instruments

The Global Wireless Power Transmission Market is segmented as follows:

By Technology 

• Non-Radioactive Techniques 
• Radioactive Techniques

By Application 

• Automotive
• Consumer Electronics
  • Wearable Electronics
  • Mobile Phones
  • Laptops
  • Tablets
• Healthcare
• Automotive

By Transmission Types

• As Devices With Battery 
• Devices Without Battery

By Transmission Range 

• Long
• Short
• Medium Range

Global Wireless Power Transmission Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.