Wireless Power Transmission Market Gears Up for a 21% CAGR Ride in 2024-30

The latest report by MarkNtel Advisors, titled “Wireless Power Transmission Market Report By Connectivity (Wired, Wireless), By Application (Sports & Fitness, Gaming, Media & Entertainment, Professional Use, Virtual Reality), By Type (In-Ear, On-Ear, Over the Ear), By Sales Channel (Online, Offline [Exclusive, Multi-brand]), By Price Category (Budget, Economy, Premium), Others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the Wireless Power Transmission Market research report.

What is the market outlook for Wireless Power Transmission?

The Wireless Power Transmission Market size is estimated to grow at a CAGR of around 21% during the forecast period 2024–30.

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Major Companies Operating in the Wireless Power Transmission Industry:

Ossia Inc., Energous Corporation, Wi-Charge Ltd., Texas Instruments, Qualcomm Inc., Semtech Corporation , Humavox Ltd., Toshiba Corporation, Fulton Innovation LLC, Convenient Power HK, Energizer Holdings, Inc., Plugless Power, Murata Manufacturing Co., Ltd., Powermat Technologies Ltd., WiTricity, Others

Wireless Power Transmission Market Report Segmentation:

By Type

-Devices with Battery

-Devices without Battery

By Transmission Range

-Short

-Medium

-Long

By Technology

-Near-field Technology

–Magnetic Resonance Technology

–Conductive/Capacitive Coupling

–Inductive Technology

-Far-field Technology

–Infrared/Laser

–Microwave/Radio Frequency

By Application

-Receiver Application

–Smartphones

–Tablets

–Wearable Electronics

–Electric Vehicle Charging

–Others (Consumer Electronics, Notebooks, etc.)

-Transmitter Application

–Standalone Chargers

-Automotive (In-vehicle Charging System)-  Market Size & Forecast 2019-2030F, USD -Million

–Furniture

–Industrial

By End Users

-Consumer

–Smart Home Devices

–Home Security

–Consumer Electronics

-Automotive

–Convenience (Hand-free Charging)

–Sensors

-Industrial IoT

–Supply Chain

–Factory Floor

–Security & Safety

–Others (Healthcare, Defense, etc.)

·         Consumer electronics under the segment consumer account for a substantial share of the Wireless Power Transmission Market, as they are mass-produced and have stable global demand.

By Implementation

-Aftermarket

-Integrated

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Regional Insights:

·         North America: US, Canada, Mexico

·         Europe: Germany, The UK, France, Italy, Russia, Rest of Europe

·         Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific

·         South America: Brazil, Argentina

·         Middle East & Africa: South Africa, Rest of MEA

Global Wireless Power Transmission Market Driver: Surging Adoption of Consumer Electronics to Augment Market Growth

In recent years, the adoption of smartphones, laptops, tablets, wearable devices, and other portable electronic devices has increased, thus enhancing the demand for wireless solutions for charging due to convenience, mobility, easy accordance, and handy operations. Over the past years, smartphones have been one of the largest receiver electronic devices for wireless power transmission technology due to the inductive wireless power transmission in several smartphones. Google Nexus phones, Motorola Droid phones, and Samsung Galaxy Series are a few major smartphones that provide wireless charging abilities.

Moreover, wireless connectivity technologies are being used at the maximum rate. Consumers expect wireless services everywhere, such as digital cameras, smartphones, notebooks, and MP3 players. Furthermore, consumer’s increasing tendency to “go wireless” aids in driving the Global Wireless Power Transmission Market during the forecast period.

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