Market Analysis and Size

Wireless power transmission has gained high relevance due to its advantages like mobility, convenience and enhanced reliability while eliminating the employment of batteries and wires. it's found extensive applications across various industries, including automotive, heating and ventilation, consumer electronics, automotive, and industrial management.

Global Wireless Power Transmission Market was valued at USD 35.13 billion in 2021 and is predicted to succeed in USD 170.19 billion by 2029, registering a CAGR of 21.80% during the forecast period of 2022-2029. Near-field technology accounts for the most important technology segment within the respective market because it serves most applications. Additionally, to the market insights like value, rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the information Bridge research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Wireless power transmission is that the process of transmitting the electricity from the facility source to the load without the presence of wires and batteries. Wireless power transmission may be a technologically advanced system or transmitting electromagnetic energy into electrical signals. Inductive coupling is that the most typical approach to wirelessly transfer the facility because it is that the safest approach.

Drivers

Use in Various Industries

The increase within the use of power transmission devices in various industries, including industrial, healthcare, automotive, and defence applications acts in concert of the key factors driving the expansion of wireless power transmission market. The ascension of consumer electronics also drives the market further thanks to high use of charging devices fir mobiles, tablets, and laptops.

Internet of Things (IoT)

The rise within the applications of the web of Things (IoT) including smart homes, smart cities, Machine-to-Machine (M2M) communications, and Industrial IoT (IIoT), among various others accelerate the market. the increase in adoption of home and building automation systems drives the market further.

Timely Investment

The surge in need for future energy safety that's timely investment to produce energy further influence the market. It offers economic development and sustainable environment across the world. the increase within the of telecommunication sector assist within the expansion of the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the wireless power transmission market.

Opportunities

Furthermore, adoption of wireless power transmission for automotive and electric vehicle charging applications extend profitable opportunities to the market players within the forecast period of 2022 to 2029. Also, increase in expenditure to undertake research and development proficiencies will further expand the market.

Restraints/Challenges

On the opposite hand, high cost related to the wireless power transmission technology-based devices and impact of uncertified and non–standardized products are expected to obstruct market growth. Also, lack of common standards at the moment is projected to challenge the wireless power transmission market within the forecast period of 2022-2029.

Global Wireless Power Transmission Market Scope and Market Size

The wireless power transmission market is segmented on the basis of technology, implementation, receiver application and transmitter application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

· Near-Field Technology

· Far-Field Technology

Implementation

· Integrated

· Aftermarket

Receiver Application

· Smartphones

· Tablets

· Wearable Electronics

Transmitter Application

· Electric Vehicle Charging

· Furniture

· Industrial

Competitive Landscape and Wireless Power Transmission Market

The wireless power transmission market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to wireless power transmission market.

Access Full Report :- https://www.databridgemarketresearch.com/reports/global-wireless-power-transmission-market

Some of the major players operating in wireless power transmission market are

· SAMSUNG (South Korea)

· Wi-Charge. (Israel)

· Energous Corporation (US)

· Semtech (US)

· TOSHIBA CORPORATION (Japan)

· Panasonic Corporation (Japan)

· ROHM CO., LTD. (Japan)

· Murata Manufacturing Co (Japan)

· Koninklijke Philips N.V. (Netherlands)

· uBeam (US)

· HUMAVOX LTD (Israel)

· Powermat (India)

· Powercast Corp. (US)

· Fulton Innovation LLC (US)

· TDK Corporation (Japan)

· WiTricity Corporation (US)

· Integrated Device Technology, Inc. (US)

· Texas Instruments Incorporated (US)

· Ossia Inc. (US)

MAJOR TOC OF THE REPORT

• INTRODUCTION

• MARKET SEGMENTATION

• MARKET OVERVIEW

• EXECUTIVE SUMMARY

• PREMIUM INSIGHTS

• Global Wireless Power Transmission Market

• COMPANY PROFILE

• COMPONENT MANUFACTURER

• CONCLUSION

• QUESTIONNAIRE

• RELATED REPORTS

Get TOC of the Report: https://www.databridgemarketresearch.com/reports/global-wireless-power-transmission-market

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