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

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

Status : March, 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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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