Wireless Power Transmission Market SWOT Analysis, Dynamics, Drivers and Key Indicators | Qualcomm Inc., Texas Instruments Inc., TDK Corporation, WiTricity Corporation

MarketDigits forecasts the Wireless Power Transmission Market to grow from USD XX billion in 2020 to USD 11.3 billion by 2027, at a CAGR of 23.2% between 2021 and 2027.

The Latest released survey report on Global Wireless Power Transmission Market aims to deliver an in-depth outline regarding the trends and market development scenario to outpace market with relevant strategies. To drive profitable and sustainable growth, Wireless Power Transmission manufacturers need to develop strategies to appeal to consumers and leverage technology to enhance end users experience. A wide list of manufacturers are considered in the survey with company profiling of Energous, WiTricity, Fulton Innovations, Humavox, Murata Manufacturing, Wi-Charge, Ossia, Inc., UBeam, PowerbyProxi, Philips, Samsung Electronics Co., Ltd, Qualcomm Inc., Texas Instruments Inc., TDK Corporation, WiTricity Corporation, Integrated Device Technology, Inc., NuCurrent Inc., PowerbyProxi Ltd, ConvenientPower HK Ltd., Salcomp Plc., and Powermat Technologies Ltd.

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• Formulating the problem
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• Select the research design
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• Quantitative research
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The key factors driving the growth of the market include the convenience offered by and consumer preference for wireless connectivity and need for effective charging systems. However, the impact of uncertified and non-standardized products on the industry coherence leads to poor user experience and high cost of wireless power transmission technology-based devices are the key restraining factors for market growth.

Wireless power transmission market for inductive technology to hold largest share of the market during forecast period

Currently, wireless power transmission is based on the two technologies; inductive and magnetic resonance. Inductive technology has almost commoditized in the wireless power transmission market, especially for the consumer electronics applications; therefore, held the largest market share in 2016. Smartphones, tablets, wearable devices are some key applications of the inductive wireless power transmission. On the other hand, magnetic resonance technology is yet to mainstream.

Wireless power transmission market for smartphones receiver application to hold largest size of wireless power transmission technology from 2020 to 2027

Smartphones is the largest receiver application for wireless power transmission technology owing to the adoption of inductive wireless power transmission in various smartphones in the past years. Samsung Galaxy Series, Motorola Droid phones, and Google Nexus phones are some notable smartphones, which have wireless charging capabilities. Samsung Electronics Co., Ltd. (South Korea) has a major product portfolio of smartphones integrated with wireless charging receiver capabilities.

Wireless power transmission market in APAC to hold the largest share of the market during forecast period

APAC is considered as the manufacturing hub for consumer electronic products such as smartphones, tablets, laptops, and wearable devices. It’s huge population and rapid urbanization in the past has led to the significant demand for devices. Thus, the presence of large consumer electronics industries in the counties such as China, Japan, India, and South Korea has attributed to the huge market size of the APAC region in the global wireless power transmission technology market.

Market Dynamics

Driver: Convenience offered by and consumer preference for the wireless connectivity

Currently, wireless connectivity technologies are being adopted at a high rate. The user wants to get rid of the wired connectivity because of its complexity. Nowadays, consumers expect robust wireless services everywhere including smartphones, notebooks, MP3 players, and digital cameras. Wireless connectivity offers users the freedom of mobility, quick and easy accordance, and handy operations which is why the wireless charging technology is highly deployed in consumer electronics such as smartphones, tablets, and wearable devices. This increasing “go-wireless” tendency of consumers is driving the market for the wireless power transmission technology. Many companies are providing wireless charging-enabled devices that are user friendly, cost effective, and has lifespan of 10 to 15 years. This results into the increasing demand for these devices in the market.

Restraint: Impact of uncertified and non-standardized products on the industry coherence leads to poor user experience

The wireless power transmission technology has become crucially important nowadays due to its successful implementation into consumer electronic products. Thus, to fulfil the increasing demand, various players, including start-up companies along with their innovative ideas, are entering the market to offer the wireless power transmission technology. This increases competitive pressures among the suppliers of wireless power transmission technology-based products. It is challenging for the Wireless Power Consortium (WPC) and Airfuel Alliance to bring small- and mid-sized suppliers of wireless charging products under their umbrella. Asto gain the competitive advantage, some manufacturers are launching the non-standardized and uncertified products (Qi/Rezence), at a lower cost compared to the standardized and certified products. However, the quality of these non-standardized and non-certified products is not guaranteed, and safety issue is also the main concern in these products Thus, the introduction of such uncertified products hinders the growth of the market for wireless power transmission technology.

Opportunity: Wireless power transmission in robotics (drones)

The wireless power transmission technology has been used for the research and development of mini and micro robots for wireless power transfer. Several research programs pertaining to wireless powered-drones are taking place. A transmitting coil is expected to transmit power at a higher frequency, which would be received by the receiver in robots. Imperial College of London has successfully demonstrated the wireless-powered drone which is likely to operate above five inch of wireless power transmitter. ZiiEnergy, Inc. (U.S.) developing the wireless drone receiver which works on Open Dots Alliance (ODA) standards and can deliver 45 watts of power to drones.

Challenge: Tradeoff between transmission range, efficiency, and safety of the wireless power system

The wireless power transmission technology is witnessing high growth in consumer electronics applications. It can charge various devices such as smartphones, tablets, and smartwatches. However, the wireless power transmission technology currently faces some limitations. The transmission range of wireless power transmission through electromagnetic induction and or by magnetic resonance technique is limited. This limitation of the range poses a serious challenge for the manufacturers. The efficiency of the power is inversely proportional to the distance between the transmitter and receiver. Safety issue is also the main concern for the wireless transmission market as strong electromagnetic fields may harm the biological environment. Every year, many start-ups companies enter this market, do their research activities, develop product prototypes, make the announcement of their products, and at the end, they fail to launch these products. Safety and efficiency issues make them impossible to go ahead in this market.

Scope of Report:

This research report categorizes the global wireless power transmission market on the basis of technology, implementation, receiver application, transmitter application, and geography.

Wireless Power Transmission Market By Technology:

Near-Field Technology
Inductive
Magnetic Resonance
Capacitive Coupling/Conductive
Far-Field Technology
Microwave/RF
Laser/Infrared

Wireless Power Transmission Market By Implementation:

Integrated
Aftermarket

Wireless Power Transmission Market By Receiver Application:

Smartphones
Tablets
Wearable Electronics
Notebooks
Other Consumer Electronics
Electric Vehicle Charging
Industrial

Wireless Power Transmission Market By Transmitter Application:

Standalone Chargers
Automotive (In Vehicle)
Electric Vehicle Charging
Furniture
Industrial

Wireless Power Transmission Market By Geography:

North America
Europe
Asia Pacific (APAC)
Rest of the World (RoW)

Key Market Players

As of 2016, Texas Instruments, Inc. (US), Qualcomm, Inc. (US), Integrated Device Technology, Inc. (US), Semtech Corp. (US), Toshiba Corp. (Japan), Panasonic Corp. (Japan), and Rohm Co., Ltd. (Japan) were the major players in the wireless power transmission market.

Texas Instruments, Inc. (U.S.) is one of the most prominent semiconductor companies and, thus, it ranked first in the component supplier list for wireless power transmission technology. The company has a broad product portfolio of wireless power transmitter and receiver ICs and modules, ranging from low to high power requirements. The company is focusing on the different applications such as wearables, smart phones, automotive, industrial, and medical. Thus, with the robust R7D activities and large geographical coverage, Texas Instruments, Inc. (U.S.) is expected to remain a key ICs supplier in the wireless power transmission technology market.

Key Developments

In February 2017, WiTricity Corp. announced a collaboration with Nissan Motor Company, Ltd. (Japan) for the wireless charging of electrical vehicles. This will help the company focus on the integrating their wireless charging technology into electric vehicles.
In January 2017, Dell, Inc. (U.S.) launched the magnetic resonance technology based wireless charging notebook. The company has integrated the WiTricity wireless charging technology in the notebook.
In November 2016, PowerbyProxi Ltd. launched the Proxi-Module 100W modular wireless power system. It is specially designed for industrial applications such as transferring power across rotating or vibrating joints, in between hot swap connectors to transfer power, and to transfer power in hazardous and dusty environments.

This report would help you answer the following questions:
1. What is the market size and forecast of the Global  Wireless Power Transmission Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global  Wireless Power Transmission Market during the forecast period?
3. Which region outstands in the Global  Wireless Power Transmission Market?
4. Which are the segments to invest in over the forecast period in the Global  Wireless Power Transmission Market?
5. What is the competitive strategic window for opportunities in the Global  Wireless Power Transmission Market?
6. What are the technology trends and regulatory frameworks in the Global  Wireless Power Transmission Market?
7. What are the major company in the Global  Wireless Power Transmission Market?

Table of Contents:
1 Introduction
2 Research Methodologies
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Compliance in Wireless Power Transmission Market
8 Wireless Power Transmission Market, By Service
9 Wireless Power Transmission Market, By Deployment Type
10 Wireless Power Transmission Market, By Organization Size
11 Wireless Power Transmission Market Analyses, By Vertical
12 Geographic Analyses
North America
Europe
Asia-Pacific
South America
Middle East & Africa
13 Competitive Landscapes
14 Detailed Company Profiles
15 Related Reports

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This release was published on openPR.