Wireless Power Transmission Market Projected to Reach USD 46.49 Billion by 2030, Exhibiting Robust Growth
The global wireless power transmission market is experiencing significant expansion, with projections indicating an increase from USD 11 billion in 2023 to USD 46 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 22% during the forecast period from 2024 to 2030.
Market Segmentation
The market is categorized based on type, technology, transmission range, application, and geography:
- Type: Devices with Battery, Devices without Battery
- Technology: Near-Field Technology, Far-Field Technology
- Transmission Range: Short-Range, Mid-Range, Long-Range
- Application: Receiver, Transmitter
- Geography: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Geographical Analysis
The Asia Pacific region is expected to hold the highest market share in the global wireless power transmission market, driven by the presence of major key players and increasing adoption of wireless power technologies .
Major Players
Key companies leading the market include:
- Energizer Brands, LLC
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd.
- Wi Charge Ltd.
- WiTricity Corporation
- Texas Instruments Incorporated
- NXP Semiconductors
- TOSHIBA CORPORATION
- Energous Corporation
- Powercast
- Murata Manufacturing Co., Ltd.
- TDK Corporation
- ZTE Corporation
Emerging Trends
- Advancements in Technology: Continuous innovations in wireless power transmission technologies are enhancing efficiency and expanding applications across various industries.
- Integration in Consumer Electronics: The increasing adoption of wireless charging solutions in smartphones, wearables, and other consumer electronics is driving market growth.
- Automotive Applications: The automotive industry is exploring wireless power transmission for electric vehicle charging, offering convenience and reducing dependency on physical connectors.
- Healthcare Sector Growth: Wireless power solutions are being integrated into medical devices, facilitating remote charging and improving patient care.
Conclusion
The wireless power transmission market is poised for significant growth, driven by technological advancements and increasing adoption across various sectors. Stakeholders are encouraged to stay informed about emerging trends and innovations to capitalize on the opportunities presented by this evolving market.
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