Press release
Global Wireless Power Transmission Market Size projected to Reach USD 177.5 Billion by 2033 | CAGR of 24.22%.
The global wireless power transmission market size reached USD 23.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 177.5 Billion by 2033, exhibiting a growth rate (CAGR) of 24.22% during 2025-2033.
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Global Wireless Power Transmission Market Dynamics:
Latest Trends in the Wireless Power Transmission Market:
The global wireless power transmission market is sparking innovation, transforming how we power devices. Industry experts highlight the rise of magnetic resonance coupling, which held a 30% market share in 2024, enabling efficient charging over greater distances-think smartphones charging seamlessly across a room. Near-field technology dominates, with 87.5% of the market, driven by its use in consumer electronics like Samsung's Galaxy series.
In Asia-Pacific, commanding a 40% market share, rapid EV adoption fuels wireless charging infrastructure growth. Sustainability is key, with energy-efficient systems reducing losses by 15% compared to wired methods. Businesses are beginning to realize wireless power isn't just convenient; it's a game-changer for smart homes and IoT, cutting cable clutter and enhancing user experience. The global wireless power transmission market is poised to redefine connectivity, offering practical, eco-friendly solutions across industries.
Growth Drivers in the Wireless Power Transmission Market:
Growth in the global wireless power transmission market, valued at USD 23.0 billion in 2024, is driven by surging demand for electric vehicles (EVs) and consumer electronics. With EV sales projected to hit 145 million by 2030, wireless charging pads simplify infrastructure, eliminating cables for user-friendly experiences. The consumer electronics sector, particularly smartphones and wearables, sees a 3.2% annual rise in wireless charging adoption, driven by brands like Apple and Qualcomm.
Government incentives in Asia-Pacific, like China's EV subsidies, boost infrastructure investments. Businesses are realizing wireless power enhances efficiency, cutting energy losses by up to 20% compared to traditional systems. Despite challenges like high setup costs, advancements in resonant inductive coupling are lowering barriers, ensuring the global wireless power transmission market powers industries like automotive and healthcare with innovative, scalable solutions.
Future Demand in the Wireless Power Transmission Market:
Future demand in the global wireless power transmission market is projected to reach USD 177.5 billion by 2033, with a CAGR of 24.22%. This surge is fueled by expanding IoT applications, with 75 billion connected devices expected by 2025, demanding seamless power solutions. Healthcare will see growth in wireless-powered implants, like pacemakers, reducing surgical interventions.
Automotive applications, particularly in-motion EV charging, will drive demand in North America and Europe. Emerging markets like India and Japan will boost growth through smart city initiatives. Challenges like range limitations persist, but far-field technologies like microwave transmission are bridging gaps. For stakeholders, this signals opportunities to innovate in long-range, efficient systems, ensuring the global wireless power transmission market meets the world's need for convenient, sustainable power across diverse sectors.
By the IMARC Group, Some of the Top Competitive Landscape Operating in the Global Wireless Power Transmission Market are Given Below:
• Energous Corporation
• Humavox Ltd.
• Integrated Device Technology Inc. (Renesas Electronics Corporation)
• Leggett & Platt
• Murata Manufacturing Co. Ltd.
• NuCurrent Inc.
• MothersonOssia
• Qualcomm Incorporated
• Samsung Electronics
• TDK Corporation
• Texas Instruments
• Wi-Charge Ltd.
• WiTricity Corporation
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Emerging Trends in the Wireless Power Transmission Market:
Looking ahead, the global wireless power transmission market will embrace cutting-edge shifts. Far-field technologies, like RF and laser-based systems, will enable long-range charging for IoT and industrial applications, overcoming current distance limitations. In-motion wireless charging for EVs will gain traction, enhancing convenience in urban settings. AI-optimized power systems, as seen in recent Japanese research, will improve efficiency by adapting to load variations. Eco-friendly designs, using recyclable materials, will align with global sustainability goals, particularly in Europe. These innovations promise to deliver seamless, efficient, and green power solutions, ensuring the global wireless power transmission market transforms how industries and consumers access energy.
Key Market Segmentation:
Breakup by Type:
• Devices With Battery
• Devices Without Battery
Devices with battery accounts for the majority of the market share
Breakup by Technology:
• Near-Field Technology
o Inductive
o Magnetic Resonance
o Capacitive Coupling/Conductive
• Far-Field Technology
o Microwave/RF
o Laser/Infrared
Near-field technology holds the largest share of the industry
Breakup by Implementation:
• Aftermarket
• Integrated
Aftermarket represents the leading market segment
Breakup by Receiver Application:
• Smartphones
• Tablets
• Wearable Electronics
• Notebooks
• Electric Vehicles
• Robots
• Others
Smartphones exhibits a clear dominance in the market
Breakup by End-Use Industry:
• Consumer Electronics
• Automotive
• Healthcare
• Defense
• Power Generation
• Others
Consumer electronics dominates the market
Regional Insights:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201-971-6302
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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