Wireless Power Transmission Market size to grow by USD 19,661.65 million from 2022 to 2027; Rapid growth in wireless transmission to drive market growth - Technavio

NEW YORK, May 23, 2023 /PRNewswire/ -- The wireless power transmission market size is set to grow by USD 19,661.65 million from 2022 to 2027. The market is expected to register a CAGR of 26.79%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment. View Sample Report

The report also covers the following areas:

• Wireless Power Transmission Market size
• Wireless Power Transmission Market trends
• Wireless Power Transmission Market industry analysis

Factors such as rapid growth in wireless transmission, changing energy landscape and integration, and proliferating demand for electric vehicles will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The wireless power transmission market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Wireless Power Transmission Market 2023-2027: Segmentation

The Wireless Power Transmission Market is segmented by:

• End-user 
• Consumer Electronics
• Industrial Applications
• Automotive
• Others
• Technology 
• Near Field Technology
• Far Field Technology
• Geography 
• APAC
• Europe
• North America
• South America
• Middle East And Africa

The market share growth by the consumer electronics segment is significant during the forecast period. The segment includes smartphones, cameras, wearables, PCs, and others. Portable PCs include laptops, notebooks, and ultrabooks and the majority of these devices use wireless power transfer via GPS, Wi-Fi, Bluetooth, etc. to exchange data and information. Hence, such factors drive segment growth during the forecast period.

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Some of the major vendors of the wireless power transmission market include Analog Devices Inc., ConvenientPower Semiconductor, Energous Corp., Energysquare SAS, Evatran Group Inc., Humavox Ltd., Koninklijke Philips NV, Leggett and Platt Inc., Murata Manufacturing Co. Ltd., Nucurrent Inc., NXP Semiconductors NV, Ossia Inc., Powermat Technologies Ltd., Renesas Electronics Corp., Salcomp PLC, Samsung Electronics Co. Ltd., Semtech Corp., TDK Corp., Wi Charge, and WiTricity Corp. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the wireless power transmission market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Vendor Offerings

• Analog Devices Inc. - The company offers wireless power transmission which is designed to allow charging for completely sealed enclosures that are exposed to dirt, humid and hazardous environments.
• ConvenientPower Semiconductor - The company offers a wide range of wireless charging transmitters and receiver IC which support charging power up to 100W and charging distance up to 30mm, thus widely used on mobile phones, automobiles, and accessories.
• Energous Corp. - The company offers wireless power transmission systems which are useful in applications related to smart buildings, industrial IoT sensors, and retail electronic displays.

Market trends such as the evolution of smart grids are likely to emerge as one of the primary drivers of the market. However, factors such as the limitations of wireless transmission may threaten the growth of the market.

Wireless Power Transmission Market 2023-2027: Market Dynamics

Key Drivers

• Rapid growth in wireless transmission notably drives the wireless power transmission market growth. 
• In the recent past, the demand for high voltage (HV) power transmission in the utility sector has grown rapidly.
• Wireless transmission is a reliable means of transmitting electricity without wires or physical contact and currently, utility-scale wireless power transfer is still in its infancy.
• However, the growing importance of low-cost transmission will have a positive impact on the growth of the market.
• Hence, such drivers boost the market growth of wireless power transmission during the forecast period.

Major Challenges

• The limitations of wireless transmission are challenges hindering the wireless power transmission market growth. 
• Wireless transmission is a solution for increased power consumption, however, wireless transmission relies on limited battery capacity.
• It is also active for a period of time. Thus, the longevity or limited power consumption of wireless power transfer remains a major challenge in the market.
• Moreover, any obstacles between the transmitter and receiver can interfere with wireless transmission operation.
• Therefore, even with the development of battery and energy-efficient technologies, powering sensor nodes with wireless power transfer remains a challenge.

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Wireless Power Transmission Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist wireless power transmission market growth during the next five years
• Estimation of the wireless power transmission market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the wireless power transmission market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of wireless power transmission market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global wireless power transmission market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global wireless power transmission market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Technology Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Consumer electronics - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)

• 6.4 Industrial applications - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Industrial applications - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Industrial applications - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Industrial applications - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Industrial applications - Year-over-year growth 2022-2027 (%)

• 6.5 Automotive - Market size and forecast 2022-2027
• Exhibit 42: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by End-user 
• Exhibit 50: Market opportunity by End-user ($ million)
• Exhibit 51: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Technology

• 7.1 Market segments 
• Exhibit 52: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 54: Chart on Comparison by Technology
• Exhibit 55: Data Table on Comparison by Technology

• 7.3 Near field technology - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Near field technology - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Near field technology - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Near field technology - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Near field technology - Year-over-year growth 2022-2027 (%)

• 7.4 Far field technology - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Far field technology - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Far field technology - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Far field technology - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Far field technology - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Technology 
• Exhibit 64: Market opportunity by Technology ($ million)
• Exhibit 65: Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Analog Devices Inc. 
• Exhibit 119: Analog Devices Inc. - Overview
• Exhibit 120: Analog Devices Inc. - Business segments
• Exhibit 121: Analog Devices Inc. - Key news
• Exhibit 122: Analog Devices Inc. - Key offerings
• Exhibit 123: Analog Devices Inc. - Segment focus

• 12.4 ConvenientPower Semiconductor 
• Exhibit 124: ConvenientPower Semiconductor - Overview
• Exhibit 125: ConvenientPower Semiconductor - Product / Service
• Exhibit 126: ConvenientPower Semiconductor - Key offerings

• 12.5 Energous Corp. 
• Exhibit 127: Energous Corp. - Overview
• Exhibit 128: Energous Corp. - Product / Service
• Exhibit 129: Energous Corp. - Key news
• Exhibit 130: Energous Corp. - Key offerings

• 12.6 Koninklijke Philips NV 
• Exhibit 131: Koninklijke Philips NV - Overview
• Exhibit 132: Koninklijke Philips NV - Business segments
• Exhibit 133: Koninklijke Philips NV - Key news
• Exhibit 134: Koninklijke Philips NV - Key offerings
• Exhibit 135: Koninklijke Philips NV - Segment focus

• 12.7 Leggett and Platt Inc. 
• Exhibit 136: Leggett and Platt Inc. - Overview
• Exhibit 137: Leggett and Platt Inc. - Business segments
• Exhibit 138: Leggett and Platt Inc. - Key news
• Exhibit 139: Leggett and Platt Inc. - Key offerings
• Exhibit 140: Leggett and Platt Inc. - Segment focus

• 12.8 Murata Manufacturing Co. Ltd. 
• Exhibit 141: Murata Manufacturing Co. Ltd. - Overview
• Exhibit 142: Murata Manufacturing Co. Ltd. - Business segments
• Exhibit 143: Murata Manufacturing Co. Ltd. - Key news
• Exhibit 144: Murata Manufacturing Co. Ltd. - Key offerings
• Exhibit 145: Murata Manufacturing Co. Ltd. - Segment focus

• 12.9 Nucurrent Inc. 
• Exhibit 146: Nucurrent Inc. - Overview
• Exhibit 147: Nucurrent Inc. - Product / Service
• Exhibit 148: Nucurrent Inc. - Key offerings

• 12.10 NXP Semiconductors NV 
• Exhibit 149: NXP Semiconductors NV - Overview
• Exhibit 150: NXP Semiconductors NV - Product / Service
• Exhibit 151: NXP Semiconductors NV - Key news
• Exhibit 152: NXP Semiconductors NV - Key offerings

• 12.11 PLUGLESS POWER INC. 
• Exhibit 153: PLUGLESS POWER INC. - Overview
• Exhibit 154: PLUGLESS POWER INC. - Product / Service
• Exhibit 155: PLUGLESS POWER INC. - Key offerings

• 12.12 Powermat Technologies Ltd. 
• Exhibit 156: Powermat Technologies Ltd. - Overview
• Exhibit 157: Powermat Technologies Ltd. - Product / Service
• Exhibit 158: Powermat Technologies Ltd. - Key news
• Exhibit 159: Powermat Technologies Ltd. - Key offerings

• 12.13 Renesas Electronics Corp. 
• Exhibit 160: Renesas Electronics Corp. - Overview
• Exhibit 161: Renesas Electronics Corp. - Business segments
• Exhibit 162: Renesas Electronics Corp. - Key offerings
• Exhibit 163: Renesas Electronics Corp. - Segment focus

• 12.14 Samsung Electronics Co. Ltd. 
• Exhibit 164: Samsung Electronics Co. Ltd. - Overview
• Exhibit 165: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 166: Samsung Electronics Co. Ltd. - Key news
• Exhibit 167: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 168: Samsung Electronics Co. Ltd. - Segment focus

• 12.15 Semtech Corp. 
• Exhibit 169: Semtech Corp. - Overview
• Exhibit 170: Semtech Corp. - Business segments
• Exhibit 171: Semtech Corp. - Key news
• Exhibit 172: Semtech Corp. - Key offerings
• Exhibit 173: Semtech Corp. - Segment focus

• 12.16 TDK Corp. 
• Exhibit 174: TDK Corp. - Overview
• Exhibit 175: TDK Corp. - Business segments
• Exhibit 176: TDK Corp. - Key news
• Exhibit 177: TDK Corp. - Key offerings
• Exhibit 178: TDK Corp. - Segment focus

• 12.17 WiTricity Corp. 
• Exhibit 179: WiTricity Corp. - Overview
• Exhibit 180: WiTricity Corp. - Product / Service
• Exhibit 181: WiTricity Corp. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 182: Inclusions checklist
• Exhibit 183: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 184: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 185: Research methodology
• Exhibit 186: Validation techniques employed for market sizing
• Exhibit 187: Information sources

• 13.5 List of abbreviations 
• Exhibit 188: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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