The global market for Wireless Power Transmission is estimated at US$12.3 Billion in 2023 and is projected to reach US$52.4 Billion by 2030, growing at a CAGR of 23.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the wireless power transmission market is driven by several factors. Firstly, the increasing adoption of wireless charging solutions in consumer electronics, such as smartphones and wearable devices, is a significant driver. Secondly, advancements in WPT technology and the development of efficient and safe power transfer methods are enhancing its applicability. Thirdly, the rising demand for electric vehicles and the need for convenient and reliable charging infrastructure are boosting the adoption of wireless power transmission.
Additionally, the integration of WPT in medical devices and implants is providing new opportunities for innovation in healthcare. Furthermore, the trend towards smart homes and the Internet of Things (IoT) is driving the need for wireless power solutions to power a multitude of connected devices. Lastly, supportive government policies and industry standards are fostering the development and commercialization of wireless power transmission technologies.
The growth in the wireless power transmission market is driven by several factors. Firstly, the increasing adoption of wireless charging solutions in consumer electronics, such as smartphones and wearable devices, is a significant driver. Secondly, advancements in WPT technology and the development of efficient and safe power transfer methods are enhancing its applicability. Thirdly, the rising demand for electric vehicles and the need for convenient and reliable charging infrastructure are boosting the adoption of wireless power transmission.
Additionally, the integration of WPT in medical devices and implants is providing new opportunities for innovation in healthcare. Furthermore, the trend towards smart homes and the Internet of Things (IoT) is driving the need for wireless power solutions to power a multitude of connected devices. Lastly, supportive government policies and industry standards are fostering the development and commercialization of wireless power transmission technologies.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Near-Field Wireless Power Transmission segment, which is expected to reach US$42.0 Billion by 2030 with a CAGR of a 22.6%. The Far-Field Wireless Power Transmission segment is also set to grow at 24.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.5 Billion in 2023, and China, forecasted to grow at an impressive 24.8% CAGR to reach $11.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Wireless Power Transmission Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Wireless Power Transmission Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Wireless Power Transmission Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Analog Devices Inc., Energous Corporation, Koninklijke Philips N.V., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 51 Featured):
- Analog Devices Inc.
- Energous Corporation
- Koninklijke Philips N.V.
- Murata Manufacturing Co.
- NXP Semiconductors N.V.
- Plugless Power, Inc.
- Powermat Technologies Ltd.
- Qualcomm, Inc.
- Renesas Electronics Corporation
- Salcomp Plc (Finland)
- Samsung Electronics Co. Ltd.
- Semtech Corporation
- TDK Corporation
- Texas Instruments, Inc.
- WiTricity Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Analog Devices Inc.
- Energous Corporation
- Koninklijke Philips N.V.
- Murata Manufacturing Co.
- NXP Semiconductors N.V.
- Plugless Power, Inc.
- Powermat Technologies Ltd.
- Qualcomm, Inc.
- Renesas Electronics Corporation
- Salcomp Plc (Finland)
- Samsung Electronics Co. Ltd.
- Semtech Corporation
- TDK Corporation
- Texas Instruments, Inc.
- WiTricity Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 294 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 12.3 Billion |
| Forecasted Market Value ( USD | $ 52.4 Billion |
| Compound Annual Growth Rate | 23.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
