Wireless power transmission is the transfer of electrical energy from a power source to an electrical load without connecting the wires. Wireless transmission is useful in situations where interconnecting wires are not possible and hazardous. The market has various benefits for end-users such as convenience, lower energy consumption & prolonged battery life and among others.
The key drivers contributing to the growth of the wireless power transmission market are consumer’s preference for wireless connectivity, need for effective charging systems and features such as reliability, efficiency, fast, low maintenance cost.
Also, increasing growth in consumer electronics market in countries such as South Korea and Japan and rising need for battery powered equipment are driving the growth of the market. Furthermore, awareness about battery technology is also fuelling the growth of the market.
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The high cost associated with wireless power technology and lack of infrastructure associated with wireless power devices are hindering the growth of the wireless power transmission market. The growing efficiency of power transmission is expected to create an opportunity in the market. The market has witnessed developments for wireless charging as various startups have developed products based on laser and microwave technologies.
Geographically, North-America accounted for the largest market share in the global wireless power transmission market whereas European region is expected to grow at a fast pace over the forecast period 2016-2022.
The global Wireless Power Transmission Market is expected to reach USD ~12 billion by the end of 2022 with ~24% CAGR during forecast period 2016-2022
The key players of global wireless power transmission report include Ossia, Inc. (U.S.), Wi-Charge Ltd. (Israel), Energous Corporation (U.S.), Humavox Ltd. (Israel), Fulton Innovation LLC (U.S.), Qualcomm Inc. (U.S.), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), Semtech Corp. (U.S.), Toshiba Corp. (Japan) and others.
Wireless Power Transmission Global Market – Segments
The Wireless Power Transmission Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Technology: Comprises Inductive, Magnetic Resonance, Conductive, RF, Infrared, and others.
- Segmentation by Receiver: Comprises Smartphones, Tablets, Wearable Electronics, Notebook and others.
- Segmentation by Transmitter: Comprises Automotive, Standalone charger, Electric vehicle charging, Industrial, and others.
- Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Wireless Power Transmission Market – Regional Analysis
Regionally, North America accounted for the largest market share especially in the countries such as U.S majorly due to high investments on the adoption of wireless power technology and also reduction of the overhead installation costs. Whereas European region is expected to grow at a fast pace over the forecast period 2016-2022. European market is expected to grow over the forecast period as the region being one of the early adopters of this technology and wireless power transmission is especially used in electric vehicles and wearable electronics, hence it is expected to boost the market. For instance, EGVI (European Green Vehicle Initiative Association) has undertaken UNPLUGGED and FABRIC projects on wireless charging of electric vehicles.
Wireless Power Transmission Global Market – Competitive Analysis
The Global Wireless Power Transmission Market appears to be highly competitive and fragmented due to the presence of several large and small players. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Marketers employ a continuous improvement strategy to analyze and update their systems, implementing improvements and launching new technologies to meet the changing needs of consumer. The market is expected to witness the entry of several new players who are technologically advanced and will capture a major portion of this fast moving market in the coming years. Which in in turn will further intensify the competition in the market.
- Wireless Power Transmission Manufacturers
- Research firms
- Consultancy firms
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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Table OF Contents
1. Executive Summary
2. Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3. Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Value Chain Analysis
3.4 Porter’s Five Forces Analysis
List OF Tables
Table 1 Global Wireless Power Transmission Market, By Technology
Table 2 Global Wireless Power Transmission Market, By Receiver
Table 3 Global Wireless Power Transmission Market, By Transmitter
List OF Figures
Figure 1 Research Type
Figure 2 Global Wireless Power Transmission Market, By Technology
Figure 3 Global Wireless Power Transmission Market, By Receiver
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