PUNE, India, Oct. 13, 2023 /PRNewswire/ -- Infinium Global Research, a leading provider of market research, has recently released a comprehensive report on the Global Wireless Power Transmission Market. This report presents a detailed analysis of various segments and sub-segments within the global and regional wireless power transmission markets. It also sheds light on the impact of drivers, restraints, and macro indicators on both short-term and long-term market dynamics. The report provides a comprehensive outlook on trends, forecasts, and dollar values of the global wireless power transmission market. Significantly, the global wireless power transmission market, valued at USD 35.02 billion in 2022, is anticipated to soar to USD 186.76 billion by 2030, exhibiting an impressive CAGR of 20.39% during the forecast period from 2023 to 2030.
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Key Market Drivers:
The wireless power transmission market is witnessing robust growth, primarily propelled by the surging demand for battery-powered devices and the necessity for efficient charging systems. Moreover, the emergence of innovative applications for wireless power transmission, such as solar-power satellites, is expected to further fuel global market expansion. Additionally, the continuous enhancement of power transmission system efficiency is creating favorable conditions for the market's growth in the near future.
Notably, popular smartphones such as Samsung Galaxy, Google Nexus, and Motorola Droid now feature wireless charging capabilities, contributing significantly to the broader adoption of inductive wireless power transmission in the smartphone market. In the automotive sector, companies such as Honda, Nissan, and Toyota Motors are increasingly focusing on electrically charged vehicles, opening up substantial opportunities for wireless power transmission solutions over the forecast period.
However, challenges persist, including potential interference of microwaves with existing communication systems and the rising costs associated with wireless power technology, which are acting as hindrances to the market's growth. During the COVID-19 pandemic, lockdown measures led to the suspension of semiconductor and electronics production facilities, resulting in a shortage of available workforce worldwide. Travel bans and government-imposed facility closures kept workers away from factories, disrupting market growth. Additionally, the market faced issues related to raw material shortages and decreased demand during the pandemic, leading to constraints in its growth prospects within the forecast period.
Regional Insights:
- North America: Currently, North America holds the largest share of the global wireless power transmission market. Mexico, in particular, is emerging as a thriving manufacturing hub, driven by cost-effectiveness and increasing demand in North American countries like the United States and Canada.
- Asia Pacific: It is expected that the Asia Pacific region will exert significant dominance and drive market expansion during the forecast period. The flourishing automobile sector in countries such as China and India are poised to fuel market growth in the coming years.
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Segmentation:
The report offers a detailed analysis of the wireless power transmission market, categorized into several key segments, including:
- Range: Near field and far field.
- Type: Microwave power transmission, inductive coupling power transmission, and resonance.
- End User Industries: Consumer electronics, healthcare, automotive, industrial, and others (drones, solar power satellite).
Key Players:
The report profiles prominent companies in the wireless power transmission market, including:
- Koninklijke Philips N.V.
- PowerbyProxi (acquired by Apple Inc.)
- SAMSUNG
- Texas Instruments Incorporated
- Integrated Device Technology, Inc. (acquired by Renesas)
- TDK CORPORATION
- Powermat
- WiTricity Corporation
- PLUGLESS POWER INC.
- Salcomp Plc.
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Table of Contents
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Wireless Power Transmission Market Highlights
2.2. Wireless Power Transmission Market Projection
2.3. Wireless Power Transmission Market Regional Highlights
Chapter 3. Global Wireless Power Transmission Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Range
3.4.2. IGR-Growth Matrix Analysis by Type
3.4.3. IGR-Growth Matrix Analysis by End User Industries
3.4.4. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Wireless Power Transmission Market
Chapter 4. Wireless Power Transmission Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Wireless Power Transmission Market
5.2. Companies Profiles
5.2.1. Koninklijke Philips N.V.
5.2.2. PowerbyProxi (acquired by Apple Inc.)
5.2.3. SAMSUNG
5.2.4. Texas Instruments Incorporated
5.2.5. Integrated Device Technology, Inc. (acquired by Renesas)
5.2.6. TDK CORPORATION
5.2.7. Powermat
5.2.8. WiTricity Corporation
5.2.9. PLUGLESS POWER INC.
5.2.10. Salcomp Plc
Chapter 6. Global Wireless Power Transmission Market by Range
6.1. Near Field
6.2. Far Field
Chapter 7. Global Wireless Power Transmission Market by Type
7.1. Microwave Power Transmission
7.2. Inductive Coupling Power Transmission and Resonance
Chapter 8. Global Wireless Power Transmission Market by End User Industries
8.1. Consumer Electronics
8.2. Healthcare
8.3. Automotive
8.4. Industrial
8.5. Others (Drones, Solar Power Satellite)
Chapter 9. Global Wireless Power Transmission Market by Region 2023-2030
9.1. North America
9.1.1. North America Wireless Power Transmission Market by Range
9.1.2. North America Wireless Power Transmission Market by Type
9.1.3. North America Wireless Power Transmission Market by End User Industries
9.1.4. North America Wireless Power Transmission Market by Country
9.1.4.1. The U.S. Wireless Power Transmission Market
9.1.4.1.1. The U.S. Wireless Power Transmission Market by Range
9.1.4.1.2. The U.S. Wireless Power Transmission Market by Type
9.1.4.1.3. The U.S. Wireless Power Transmission Market by End User Industries
9.1.4.2. Canada Wireless Power Transmission Market
9.1.4.2.1. Canada Wireless Power Transmission Market by Range
9.1.4.2.2. Canada Wireless Power Transmission Market by Type
9.1.4.2.3. Canada Wireless Power Transmission Market by End User Industries
9.1.4.3. Mexico Wireless Power Transmission Market
9.1.4.3.1. Mexico Wireless Power Transmission Market by Range
9.1.4.3.2. Mexico Wireless Power Transmission Market by Type
9.1.4.3.3. Mexico Wireless Power Transmission Market by End User Industries
9.2. Europe
9.2.1. Europe Wireless Power Transmission Market by Range
9.2.2. Europe Wireless Power Transmission Market by Type
9.2.3. Europe Wireless Power Transmission Market by End User Industries
9.2.4. Europe Wireless Power Transmission Market by Country
9.2.4.1. Germany Wireless Power Transmission Market
9.2.4.1.1. Germany Wireless Power Transmission Market by Range
9.2.4.1.2. Germany Wireless Power Transmission Market by Type
9.2.4.1.3. Germany Wireless Power Transmission Market by End User Industries
9.2.4.2. United Kingdom Wireless Power Transmission Market
9.2.4.2.1. United Kingdom Wireless Power Transmission Market by Range
9.2.4.2.2. United Kingdom Wireless Power Transmission Market by Type
9.2.4.2.3. United Kingdom Wireless Power Transmission Market by End User Industries
9.2.4.3. France Wireless Power Transmission Market
9.2.4.3.1. France Wireless Power Transmission Market by Range
9.2.4.3.2. France Wireless Power Transmission Market by Type
9.2.4.3.3. France Wireless Power Transmission Market by End User Industries
9.2.4.4. Italy Wireless Power Transmission Market
9.2.4.4.1. Italy Wireless Power Transmission Market by Range
9.2.4.4.2. Italy Wireless Power Transmission Market by Type
9.2.4.4.3. Italy Wireless Power Transmission Market by End User Industries
9.2.4.5. Rest of Europe Wireless Power Transmission Market
9.2.4.5.1. Rest of Europe Wireless Power Transmission Market by Range
9.2.4.5.2. Rest of Europe Wireless Power Transmission Market by Type
9.2.4.5.3. Rest of Europe Wireless Power Transmission Market by End User Industries
9.3. Asia Pacific
9.3.1. Asia Pacific Wireless Power Transmission Market by Range
9.3.2. Asia Pacific Wireless Power Transmission Market by Type
9.3.3. Asia Pacific Wireless Power Transmission Market by End User Industries
9.3.4. Asia Pacific Wireless Power Transmission Market by Country
9.3.4.1. China Wireless Power Transmission Market
9.3.4.1.1. China Wireless Power Transmission Market by Range
9.3.4.1.2. China Wireless Power Transmission Market by Type
9.3.4.1.3. China Wireless Power Transmission Market by End User Industries
9.3.4.2. Japan Wireless Power Transmission Market
9.3.4.2.1. Japan Wireless Power Transmission Market by Range
9.3.4.2.2. Japan Wireless Power Transmission Market by Type
9.3.4.2.3. Japan Wireless Power Transmission Market by End User Industries
9.3.4.3. India Wireless Power Transmission Market
9.3.4.3.1. India Wireless Power Transmission Market by Range
9.3.4.3.2. India Wireless Power Transmission Market by Type
9.3.4.3.3. India Wireless Power Transmission Market by End User Industries
9.3.4.4. South Korea Wireless Power Transmission Market
9.3.4.4.1. South Korea Wireless Power Transmission Market by Range
9.3.4.4.2. South Korea Wireless Power Transmission Market by Type
9.3.4.4.3. South Korea Wireless Power Transmission Market by End User Industries
9.3.4.5. Australia Wireless Power Transmission Market
9.3.4.5.1. Australia Wireless Power Transmission Market by Range
9.3.4.5.2. Australia Wireless Power Transmission Market by Type
9.3.4.5.3. Australia Wireless Power Transmission Market by End User Industries
9.3.4.6. Rest of Asia-Pacific Wireless Power Transmission Market
9.3.4.6.1. Rest of Asia-Pacific Wireless Power Transmission Market by Range
9.3.4.6.2. Rest of Asia-Pacific Wireless Power Transmission Market by Type
9.3.4.6.3. Rest of Asia-Pacific Wireless Power Transmission Market by End User Industries
9.4. RoW
9.4.1. RoW Wireless Power Transmission Market by Range
9.4.2. RoW Wireless Power Transmission Market by Type
9.4.3. RoW Wireless Power Transmission Market by End User Industries
9.4.4. RoW Wireless Power Transmission Market by Sub-region
9.4.4.1. Latin America Wireless Power Transmission Market
9.4.4.1.1. Latin America Wireless Power Transmission Market by Range
9.4.4.1.2. Latin America Wireless Power Transmission Market by Type
9.4.4.1.3. Latin America Wireless Power Transmission Market by End User Industries
9.4.4.2. Middle East Wireless Power Transmission Market
9.4.4.2.1. Middle East Wireless Power Transmission Market by Range
9.4.4.2.2. Middle East Wireless Power Transmission Market by Type
9.4.4.2.3. Middle East Wireless Power Transmission Market by End User Industries
9.4.4.3. Africa Wireless Power Transmission Market
9.4.4.3.1. Africa Wireless Power Transmission Market by Range
9.4.4.3.2. Africa Wireless Power Transmission Market by Type
9.4.4.3.3. Africa Wireless Power Transmission Market by End User Industries
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of wireless power transmission.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
About Infinium Global Research:
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