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Wireless Power Technology Market, By Type (Inductive Coupling, Magnetic Resonance, Capacitive Coupli

Published Date: February 2020 | Report Code : IT2061566

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Wireless Power Technology Market, By Type (Inductive Coupling, Magnetic Resonance, Capacitive Coupling, Laser/Infrared, Microwave/RF); By Range (Near Field, Far Field); By Application (Smartphones, Tablets, Wearable Electronics, Other Consumer Electronics, Electric Vehicle Charging, Industrial, Others); By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2017-2028)

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Report Code : IT2061566

Status : Published February 2020

Market Dynamics:

The wireless power technology market was valued at USD XX billion in 2019 and is projected to reach USD XX billion by 2028 with a CAGR of XX% during the forecast period, 2017-2028. Wireless chargers can determine the amount of power required by every electronic device; hence it avoids the overcharging of batteries. One of the main factors driving the wireless power technology market is that it reduces electricity losses as compared to wired power transmission.

Wireless Power Technology Market

Wireless Power Technology Market Statistics (2017-2028)

In wireless power technology, the transmission of energy from the power source to a consuming device is done by the transmitter (Charging station). It converts the power to a time-varying electromagnetic field & transmits it to the receiver. The receiver receives the energy and converts it back to DC or AC electric current to charge load.

The world is shifting towards E-vehicles and wireless charging of E-vehicles helps in avoiding the wait at charging stations for hours. This is the prominent factor for the growth of the wireless power technology market.

Some challenges for the wireless power technology market are, manufacturers need to improve the transmission range in case of electromagnetic induction and resonance as well as the efficiency of power which is inversely proportional to the distance between transmitter and receiver. Presence of strong electromagnetic fields may harm the biological environment, which is a serious concern.

Some key restraints to the wireless power technology market are infrastructure challenges in the developing countries, the use of non-standardized and uncertified products because of lower costs as compared to standardized and certified products and so on.

Some of the key Impact Factors:

  • Increase in the shift of consumer’s preference from wired power transmission to wireless power transmission
  • Safety, convenience, and mobility promises the extensive growth of the market
  • Increase in the consumption of automobile and consumer electronic applications which drives the market

The wireless power technology market is primarily segmented based on type (inductive coupling, magnetic resonance, capacitive coupling, laser/infrared, microwave/RF); by range (near field, far-field); by application (smartphones, tablets, wearable electronics, other consumer electronics, electric vehicle charging, industrial, and others) and based on geographic region.

Type Outlook

Based on type the wireless power technology market is segmented by various types such as inductive coupling, magnetic resonance, capacitive coupling, laser /infrared and microwave/RF power technology. Inductive coupling technology holds the largest market share during the forecast period as it is the oldest & most widely used in consumer electronics applications. Inductive coupling technology is used in the appliances which are used in wet environment such as electric toothbrushes and shaving devices. This reduces the risk of electric shock. It is also used for charging E-vehicles which is further propelling the growth of inductive coupling technology.

The radiofrequency (RF) wireless charging technology uses radio frequencies to transmit power from the transmitter or wireless charger which is picked up by a receiver within the device. It then converts these frequencies into DC voltage. For far-field applications, laser beam technology is used and it is widely used in military weapons, aerospace applications, and commercial & consumer electronics.

Wireless Power Technology Market

Wireless Power Technology Market By Segmentation (2017-2028)

Range Outlook

Based on range, the wireless power technology market has been segmented into a near field and far-field.

The extensive use of far-field range is in solar power satellites (SPS). These satellites are placed in geosynchronous earth orbit and transmit power as microwaves to the earth. The far-field methods are used in applications where the power needs to be transmitted for multiple kilometers. Near field range applications include transmission of power to wearable devices and small curved devices.

Application Outlook

Based on the sample, the wireless power technology market has been segmented into smartphones, tablets, wearable electronics, electric vehicle charging, and other consumer electronics. Smartphones and wearable electronics are expected to hold the largest market share in the wireless power technology market. Besides this electric vehicle charging is propelling the growth of the wireless power technology market. Other applications that boost the wireless power technology market are fuel-free airplanes &rockets and in mobile robots also.

Regional Outlook:

Based on the region, the wireless power technology market has been segmented by North America, Eastern Europe, Western Europe, Asia Pacific, the Middle East, and the Rest of the World.

The Asia Pacific is projected to have the largest market share in the wireless power technology market during the forecast period. Asia Pacific is considered as the manufacturing hub of consumer electronic products such as smartphones, tablets, laptops and others. Thus, presence of large consumer electronics players, large population and rapid urbanization are the key factors which are propelling the wireless power technology market growth in Asia Pacific region.

This report analyses the factors which are affecting the wireless power technology market across the regions, drivers, restraints, challenges, opportunities, supply & demand analysis along with market trend and forecast.

Wireless Power Technology Market

Wireless Power Technology Market By Regional Analysis (2017-2028)

Competitive Landscape

Companies are continuously investing in R&D activities in wireless power transmission technologies and applications. Some key players profiled in the report are Samsung Electronics Co., Ltd., Texas Instruments Inc., WiTricity Corporation, Salcomp Plc., Qualcomm Inc., Integrated Device Technology, Inc., Powermat Technologies Ltd., TDK Corporation, Convenient Power HK Ltd and among others. 

Key developments:

Dec 20, 2017, Jeeva Wireless Inc., launched the wireless technology without batteries for powering IoT devices. This is the startup company and it develops the technologies which do not need batteries to power the IoT devices. Jeeva Wireless Inc. holds eight technology patents also. 

In February 2017, WiTricity Corp. announced collaboration with the Nissan Motor Company, Ltd. for the wireless charging of electric vehicles. 

In January 2017, Dell, Inc. launched magnetic resonance technology based on wireless charging for notebook applications.

In November 2016, PowerbyProxi Ltd. launched the Proxi-Module 100W modular wireless power system. It is specially designed for industrial applications like transferring power across rotating or vibrating joints, in between hot-swap connectors to transfer power and to transfer power in hazardous and dusty environments.

Wireless Power Technology Market

Wireless Power Technology Market Timeline (2017-2028)

What This Study Provides:

Global market and submarket forecast covering the period of 2017 to 2028, with accompanying analysis

Regional market and submarket forecast covering the period of 2017 to 2028, with accompanying analysis

Market dynamics scenario, alongside growth opportunities of the market within the years to return 

Competitive landscape involving the wireless power technology market share of major players, alongside the new projects and methods adopted by players within the past five years

SWOT analysis of the wireless power technology market, alongside the opportunities available and therefore the key threats faced

Comprehensive company profiles covering the merchandise offerings, key financial information, recent developments and methods employed by the most market players

Market conclusions & recommendations

Market Segmentation:

By Type:

  • Inductive Coupling
  • Magnetic Resonance
  • Capacitive Coupling
  • Laser/Infrared
  • Microwave/RF

By Range:

  • Near Field
  • Far Field

By Application:

  • Smartphones
  • Tablets
  • Wearable Electronics
  • Other Consumer Electronics
  • Electric Vehicle Charging
  • Industrial
  • Others

By Region:

North America

  • By Country (US, Canada, Mexico)
  • By Type
  • By Grades
  • By Application

Western Europe

  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Type
  • By Grades
  • By Application

Eastern Europe

  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Type
  • By Grades
  • By Application

Asia Pacific

  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Type
  • By Grades
  • By Application

Middle East

  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Type
  • By Grades
  • By Application

Rest of the World

  • By Region (South America, Africa)
  • By Type
  • By Grades
  • By Application

Key Questions Answered By This Report:

  • How is the wireless power technology market evolving?
  • What is driving and restraining wireless power technology market dynamics?
  • How will regulatory factors influence regional wireless power technology markets and submarkets?
  • How will wireless power technology market segment grow over the forecast period and how much sales will this market account for in 2028?
  • How will the sector evolve as alliances form during the period between 2019 and 2028?
  • How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?

Reasons to buy this report:

  • Market size estimation of wireless power technology market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet the specific requirements:

  • By segment
  • By sub-segment
  • By region/ country

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