Wireless Power Transmission Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

  • Single User License $3500

Wireless Power Transmission Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Global Wireless Power Transmission Market: Overview 

The concept of wireless power transmission or transfer dates back to the mid-18th century when Nikola Tesla, a prominent contributor to the design of alternating current (AC) power supply systems, first worked on wireless power transmission projects. Wireless power transfer allows to lose the limitation of a power cord while keeping electrical devices constantly charged. Solar cells, resonance, and microwaves are the three principal systems employed for wireless power transmission. This concept is expected to resolve the complicated energy crisis concerning the entire world to this day. 

Global Wireless Power Transmission Market: Key Trends 

The global wireless power transmission market is expected to rise at a sturdy CAGR between 2017 and 2025 on account of certain factors propelling the growth. The requirement of effectual charging systems and surging consumer preference for wireless connectivity and the convenience offered are prognosticated to raise the hopes of vendors operating in the global wireless power transmission market. In the years to come, the global wireless power transmission market could witness the rise of the magnetic resonance technology making way into the introductory phase and inductive technology into the growth phase. 

Smartphone giant Samsung Electronics Co., Ltd. headquartered in South Korea possesses a powerful line of smartphones that flaunt the capabilities of a wireless charging receiver. Some of the popular smartphone series other than Samsung Galaxy that carry wireless charging capabilities are Google Nexus and Motorola Droid. The adoption in a range of smartphones in the inductive wireless power transmission market is predicted to hoist smartphones as a larger receiver application. 

Lack of common standards raising compatibility issues and trade-offs between safety, efficiency, and range of wireless power transmission is prophesied to injure the growth of the global wireless power transmission market to some extent. However, opportunities in various segmentation markets such as integrated implementation and induction technology are predicted to compensate for the effect of deterrents in the global wireless power transmission market. 

Global Wireless Power Transmission Market: Market Potential 

A demonstration test of a motor-assisted bicycle was initiated in Kyoto Prefecture by a team functioning in the Kyoto University. The bicycle is capable of wirelessly receiving charge by merely parking it facing a charger stand. The front wheel of the bicycle is docked in a rack where power is drawn in the form of microwaves with the help of a battery pack and a receiver. The testing began early in March 2017. A differentiating aspect noticed is that the charging is only done late night to avoid potentially harmful contact of humans with microwaves equaling a 100 watts. The charging is designed in such a way that it stops as soon as anybody comes within a particular range.

Global Wireless Power Transmission Market: Regional Outlook 

The international wireless power transmission market is anticipated to see Asia Pacific receive a telling traction in terms of market size due to the snowballing presence of a significant number of consumer electronics industries. Countries such as South Korea, India, Japan, and China could lead the Asia Pacific wireless power transmission market from the front. Swift urbanization and aggressively increasing population are the other growth aspects of Asia Pacific in the wireless power transmission market. Researchers also point out Asia Pacific being a mammoth manufacturing hub of consumer electronics as another factor augmenting the progress of the regional wireless power transmission market. 

Global Wireless Power Transmission Market: Competitive Landscape 

TDK Corp., Integrated Device Technology, Inc., Texas Instruments Inc., Witricity Corp., Qualcomm Inc., and Samsung Electronics Co., Ltd. could be the leading companies in the worldwide wireless power transmission market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?