Wireless Power Transmission Market By Technology (Near Field Technology (Inductive, Magnetic resonance and Capacitive Coupling), Far Field Technology (Microwave, Laser/Infrared)), By Application (Receiver Application (Consumer Electronics, Electric vehicles, Industrial, and Others), Transmitter Applications (Standalone Chargers, Automotive chargers, Furniture, and Industrial)), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Wireless Power Transfer (WPT)is a technology that allows the transfer of power over the air. It is capable of supplying power from a standard AC source to batteries and devices which are compatible, without any physical connectors. Wireless Power Transferutilizes electromagnetic field generated by the charged particles in order to transfer energy over the air, which is further converted into usable domestic current by the receiver.WPT technology is used for the functioning or re-charging of devices such as smartphones, tablets and laptops.

Wireless Power Transmission market is estimated to reach $175.9 billion by 2030; growing at a CAGR of 19.6% till 2030

Market Dynamics

The surge in wireless consumer electronics sale is boosting the global Wireless Power Transmission market. The rising increase in sales of wireless consumer electronics such as smart wearables, wireless chargers, and headphones have influenced the development of wireless power transmission. The shift in consumer preference plays a vital part in the demand, with wireless products gaining significant market traction owing to convenience and portability factors. The companies are thus interested in launching innovative products that use wireless transmission technology as electric charging solutions. For instance, Fujitsu has introduced the FWM7BLZ20B series of Bluetooth 5.0 Low Energy wireless modules to meet the high communication speed requirements of IoT devices and applications. The product is powered by Nordic Semiconductor’s nRF52832 SoC and features lower power consumption than classic Bluetooth (BR/EDR), increased communication speed (X2 speed), 255 bytes LE advertising extensions and other expansions to Bluetooth 4.x. The symbol rate and data rate accommodate both 1Mbps and improved 2Mbps to facilitate communication speed with other Bluetooth devices. Moreover, Sony Electronics Inc. has introduced a new Wireless Remote Commander (model RMT-P1BT) via Bluetooth wireless technology that provides a reliable, responsive solution.Further, Growth of wireless charging systems for Electric Vehicles (EVs) are key driving factors of the market. However, High manufacturing costs of devices with uncertainties and risks might hamper the market growth. The pricing structure of the wireless transmission-integrated products remains significantly high, restricting the widespread penetration of the wireless charging infrastructure. Additionally, growth in product demand in the robotics sector would provide lucrative opportunities for the market in the coming years.

Market Segmentation

Global Wireless Power Transmission market is mainly classified based on Technology, Application. Technology is further segmented into Near Field Technology(Inductive, Magnetic resonance, Capacitive coupling), Far Field Technology(Microwave, Laser/Infrared). Near Field Technology is dominating the global Wireless Power Transmission market. The commercialization and integration of near field wireless power are driving the global wireless power transmission market. For instance, MaxLinear, Zinwell and jjPlus has introduced MaxLinear’s AirPHY multi-gigabit modem technology with jjPlus’s latest 65W magnetic resonant wireless power module into its 3rd generation ZRA-003 device, which can transfer power and gigabit data through glass windows or structural walls up to 20cm thick. Moreover, MaxLinear, Inc., has introduced the MxL85670 baseband system-on-chip (SoC) for wireless microwave transmission systems. Global Near Field Technology, Wireless Power Transmission market is estimated to reach $14,684 Million ; growing at a CAGR of 19.4%.By Application, the market is further divided into Receiver Application(Consumer Electronics, Electric vehicles, Industrial, Others), Transmitter Applications (Standalone Chargers, Automotive chargers, Furniture, Industrial).

Regional Analysis

Based on geography, the global Wireless Power Transmission market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America has shown significant growth in 2019, due to the commercialization of new products, strategic partnership between companies to expand their business, and regulatory approval for Wireless Power Transmission. For instance, Wi-Charge has received FDA clearance for wireless-power coverage. It is the solution of room lighting combined with wireless charging that is FDA cleared. It is approved for commerce in the US by the FDA. Wi-Charge is the first company to receive regulatory safety approval for long-range wireless power.

North America Wireless Power Transmission market is estimated to reach $4,896 Million; growing at a CAGR of 16.3%.

Competitive landscape

Key players operating in the Wireless Power Transmission industry include Semtech Corporation, Toshiba Corporation, Panasonic Corp., ROHM Co., Ltd., Qualcomm Technologies, Inc., LG Electronics Inc., Samsung Electronics Co., Ltd., Inc., Murata Manufacturing Co., Ltd., Texas Instruments Incorporated, Energous Corporation.

Formation of strategic collaborations and commercialization of approved products are the few business strategies adopted by the key companies, with a focus on maintaining a competitive advantage over others. The companies are focused on product approvals and expansion of business activities on a global scale. For instance, on July 30, 2019, Powercast Corporation has received federal Communications Commission (FCC) approval for radiofrequency (RF)-based long-range over-the-air wireless power technology for deployments in consumer, commercial and industrial environments. The technology works in the far-field to charge multiple devices over the air.

Wireless Power Transmission Market Key Segments

By Technology
• Near Field Technology
o Inductive
o Magnetic resonance
o Capacitive coupling
• Far Field Technology
o Microwave
o Laser/Infrared

By Application
• Receiver Application
o Consumer Electronics
o Electric vehicles
o Industrial
o Others
• Transmitter Applications
o Standalone Chargers
o Automotive chargers
o Furniture
o Industrial

By Geography

• North America
o The U.S.
o Canada
o Mexico

• Europe
o U.K
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific

• South America
o Brazil
o Argentina
o Rest of South America

• Middle East & Africa
o GCC Countries
o Egypt
o South Africa
o Rest of Middle East & Africa

Key Global Wireless Power Transmission Industry Players

• Semtech Corporation
• Toshiba Corporation
• Panasonic Corp.
• ROHM Co., Ltd.
• Qualcomm Technologies, Inc.
• LG Electronics, Inc.
• Samsung Electronics Co., Ltd., Inc.
• Murata Manufacturing Co., Ltd.
• Texas Instruments Incorporated
• Energous Corporation

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Wireless Power Transmission Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Surge in wireless consumer electronics sale
3.3.2. Growth of wireless charging systems for Electric Vehicles (EVs)
3.4. Restraints
3.4.1. High manufacturing costs of devices with uncertainties and risks
3.5. Opportunity
3.5.1. Growth in product demand in the robotics sector
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Technology Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Near Field Technology
4.2.1. Market Size & Forecast
4.2.1.1. Inductive
4.2.1.2. Magnetic resonance
4.2.1.3. Capacitive coupling
4.3. Far Field Technology
4.3.1. Market Size & Forecast
4.3.1.1. Microwave
4.3.1.2. Laser/Infrared

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Receiver Application
5.2.1. Market Size & Forecast
5.2.1.1. Consumer Electronics
5.2.1.2. Electric vehicles
5.2.1.3. Industrial
5.2.1.4. Others
5.3. Transmitter Applications
5.3.1. Market Size & Forecast
5.3.1.1. Standalone Chargers
5.3.1.2. Automotive chargers (In vehicle)
5.3.1.3. Furniture
5.3.1.4. Industrial

6. Wireless Power Transmission Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Wireless Power Transmission Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Technology
6.2.3. North America Market Size & Forecast, By Application
6.2.4. The U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Wireless Power Transmission Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Technology
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Wireless Power Transmission Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Technology
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Wireless Power Transmission Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Technology
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Wireless Power Transmission Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Technology
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Semtech Corporation
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Semtech Corporation Product Category, Application, and Specification
7.1.3. Semtech Corporation Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. Toshiba Corporation
7.3. Panasonic Corp.
7.4. ROHM Co., Ltd.
7.5. Qualcomm Technologies, Inc.
7.6. LG Electronics, Inc.
7.7. Samsung Electronics Co., Ltd., Inc.
7.8. Murata Manufacturing Co., Ltd.
7.9. Texas Instruments Incorporated
7.10. Energous Corporation