Wireless power transmission is a technology to transfer energy through electromagnetic energy from power sources to electric loads without connecting wires. The emerging trend of wireless charging has been significantly substituting the conventional wired charging. The market is majorly driven by increased demand for convenient wireless connectivity and effective charging systems. However, the high costs of devices may restrain the growth of the market.
Global Wireless Power Transmission Market By Geography, Technology (Near-Field, Far-Field), Implementation (Aftermarket, Integrated), Receiver Application (Smartphones, Tablets, Wearables, Notebooks, Electrical Vehicle Charging, Industrial), Transmitter Application (Standalone Chargers, Automotive, Furniture, Electrical Vehicle Charging, Industrial) – Industry Trends and Forecasts 2024
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The Global Wireless Power Transmission Market accounted for USD 2.8 billion in 2016 growing at a CAGR of 24.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
On the basis of technology:-
- Near-field, and far-field.
The near-field segment is further segmented into
- Inductive technology,
- magnetic resonance technologies,
- capacitive coupling/conductive.
The far-field segment is further segmented into
- microwave/RF, and laser/infrared.
On the basis of implementation:-
On the basis of receiver application:-
- Electrical vehicle charging,
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On the basis of transmitter application:-
- Standalone chargers,
- Electrical vehicle charging,
On the basis of geography:-
North America, South America, Europe, Asia-Pacific, and Middle East & Africa
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Market Drivers And Restraints:
- Increased demand for convenient wireless connectivity
- Growing demand for effective charging systems
- Increasing demand consumer electronics
- High costs of devices
- Standardization issues
Major Market Competitors:
- Qualcomm Technologies, Inc.,
- TDK Corporation,
- Texas Instruments, Inc.,
- Nucurrent, Inc.,
- Powermat Technologies, Ltd.,
- Powerbyproxi, Ltd.,
- Witricity Corporation,
- Convenientpower Hk, Ltd.,
- Salcomp PLC,
- Ossia Inc.,
- Energous Corporation,
- Fulton Innovation LLC,
- Humavox Ltd.,
- WI Charge Ltd.,
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Key Questions Answered in Global Wireless Power Transmission Market Report:-
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What will the market growth rate, Overview and Analysis by Type of Global Wireless Power Transmission Market in 2024?
What are the key factors driving, Analysis by Applications and Countries Global Wireless Power Transmission Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Wireless Power Transmission Market?
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Who are the opportunities and threats faced by the vendors in Global Wireless Power Transmission Market?
Business Overview by Type, Applications, Gross Margin and Market Share
What are the Global Wireless Power Transmission Market opportunities, market risk and market overview of the Market?
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