Wireless Power Transmission Market Size, Share & Industry Analysis, By Technology (Inductive Coupling, Magnetic Resonance, Capacitive, RF, Infrared, and Others), By End-User (Near-field (Consumer Electronics, Automotive, Healthcare, Defense, and Others) and Far-field (Consumer Electronics, Automotive, Healthcare, Defense, and Others), and Regional Forecast, 2024-2032

The global wireless power transmission market size was valued at USD 13.32 billion in 2023. The market is projected to grow from USD 14.95 billion in 2024 to USD 37.67 billion by 2032, exhibiting a CAGR of 12.24% during the forecast period.

Wireless power transmission is an updated technique of power transmission without using any wires in the medium. A wireless transmission transfers power from the generation station to the consumer without using towers and transmission lines. Wireless Power Transfer (WPT) is the process where electrical energy is transmitted from a power source to an electrical load across an air gap using induction coils. These coils produce an electromagnetic field that sends energy from a charging base station (transmitter) to a coil on a portable device (receiver) with complete galvanic isolation. The receiver coil takes power from the electromagnetic field and converts it into electrical power.

The impact of COVID-19 pandemic on WPT was negative, as it affected the decline in sales of electronic equipment in addition to the suspension of many projects related to WPT technology. The global spur of the COVID-19 pandemic affected the electric car industry. Lockdown led to a major shift in the use of public charging infrastructure. In 2019, electric mobility witnessed a turning point. With more than two million EVs sold, EVs recorded 2.5% of the global Light Vehicle (LV) market. Then COVID-19 pandemic hit, putting lives at risk, shaking supply chains and the workforce, and closing factories. The economic recession significantly disrupted the automotive industry and caused a rapid decline in LV sales. The WPT industry also suffered these detriments. As sales of electric vehicles and consumer electronics declined, much of WPT's technology research was halted due to a lack of funding. Subsequently leading to a negative impact on the market.

Wireless Power Transmission Market Trends

Emergence of New Technologies Due to Use of Wireless Power Transmission in Networking Applications to Boost WPT Industry

Power over Wi-Fi utilizes the ubiquitous wireless infrastructure, the Wi-Fi router, to provide long-range wireless power without significantly compromising network performance. PoWiFi combines two elements: a Wi-Fi transmission strategy that operates on multiple Wi-Fi channels and energy-harvesting hardware that can efficiently harvest multiple Wi-Fi channels simultaneously.

A new method developed by Disney Research to transmit power wirelessly throughout the room allows users to charge electronic devices as instantly as they currently connect to Wi-Fi hotspots, eliminating the need for power cords or charging pads. Researchers presented their method, called Quasi-Static Cavity Resonance (QSCR), in a custom-built 16x16 feet room in their laboratory. They safely created near-field vertical magnetic waves that filled the interior of the room, simultaneously turning on several cell phones, fans, and lights. The QSCR method involves inducing electric currents into metalized walls, floors, and ceilings, which in turn creates uniform magnetic fields that penetrate the interior of the room. This allows power to be efficiently transferred to pick up coils that operate at the same resonant frequency as the fields. Currents induced in the structure are directed through discrete capacitors that isolate potentially damaging electric fields. Therefore, with the rise of efficiency in existing WPT applications, a new broad spectrum for the WPT industry is growing and creating a new approach for the industry.

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Wireless Power Transmission Market Growth Factors

Growth of Wireless Power Transfer in Consumer Electronics to Accelerate Market Growth

Growing demand for smartphones, smart home devices, IoT devices, and others drive the growth of the consumer electronic devices further accelerating the wireless power transmission market growth. With the rise of IoT and smart devices, the need for wireless power transmission is necessary in many contexts. The need for cable systems requires space for constant adaptation to a constant power supply. In addition, the continuous power demand can be interrupted by a loss of power, which can be eliminated with WPT technology.

The initial growth of smartphones, computers, and TVs was projected at 3-4% in 2022. While average prices for computers and televisions are likely to remain flat, average selling prices for smartphones were expected to fall more than 15% for the year, resulting in a likely net decline in the value of the dollar. Collectively, these three categories accounted for USD 880 billion in 2021. The second largest consumer electronics sales category is tablets (both tablets and detachable), which are estimated to be approximately USD 60 billion in 2020.

Furthermore, wireless charging pads have already become a popular feature in the smartphone industry. This trend is expanding as more and more consumer electronics are designed with compatible wireless charging capabilities.

Rise of Electric Vehicle Industry to Propagate Growth of Wireless Power Transmission with its Feasible Power Solution

Using WPT to charge an electric car while driving is a viable solution to solve the limited driving range of electric cars. Wireless EV charging uses resonant electromagnetic induction, also known as inductive charging, to transfer electrical current. Wireless charging for electric cars works the same way, with the charger having a magnetic coil that sends current to a magnetic coil on the bottom of the car. When the two pads are aligned, then the charging begins.

Wireless charging for electric cars is considered as efficient and fast as charging a plug-in. For example, most electric car plugs are 80-95% efficient. According to the leading service provider, WiTricity, its wireless EV chargers record 90-93% efficiency.

The tremendous demand for electric vehicles across the globe has attracted the demand for WPT technology in the automotive industry. The electric car market is growing exponentially, with sales exceeding 10 million in 2022. A total of 14% of all first-hand cars sold were electric in 2022, around 9% in 2021, and less than 5% in 2020. These three markets dominated the global sales. China once again led the way, accounting for about 60 percent of global electric vehicle sales. More than half of the electric cars on the world's roads are now in China, and the country has previously exceeded its 2025 target for sales of new energy vehicles. In Europe's second-largest market, sales of electric cars grew by more than 15% in 2022, meaning that more than every fifth car sold was an electric car. Sales of electric cars in the US, the third largest market, are expected to grow 55% from 8% in 2022. Thus, with the rising demand for electric vehicles, it is projected that usage of WPT will grow at a notable rate in the coming years.

RESTRAINING FACTORS

Electricity Loss in Wireless Power Transmission Can Hamper Market Growth 

The electrical loss of the WPT system is much worse than the copper wire’s conduction loss. A large alternating current is required to create a magnetic field strong enough to connect two separate coils. The circulating current in a conductive material (except a superconductor) causes a loss of conductivity.

Therefore, the greater the separation distance between the two windings of the WPT, the greater the amount of current required to create a sufficient magnetic field, the more the entire system is lost. In real applications, the transmission coil sends energy to the other coil and other nearby metal objects.

The current state of the art high-power systems with relatively short distances, such as vehicle charging, have an efficiency of 97%. For high insulation of the system, for example, five times the coil radius, as presented by the MIT group in 2007, the efficiency is only 53% and is at its power limit that one can physically get from a metal conductor at room temperature.

In some wireless power transmission methods, such as resonant inductive coupling, energy can be lost as radio waves propagate between the transmitter and receiver coils, reducing overall efficiency. The efficiency of the energy transfer system is calculated as a percentage of the sent energy arriving at the destination. Since wires are a means of limiting and directing energy with low loss, it is often more efficient to send it through wires as well.

In the distribution system, the wire resistance of the electrical network usually leads to a loss of 26-30% of the energy produced. Because of this loss, the current electricity distribution system is only 70-74% efficient.

Wireless Power Transmission Market Segmentation Analysis

By Technology Analysis

Rising Sales of Consumer Electronics to Push the Market Share for Inductive Coupling

Based on technology, the market is divided into inductive coupling, magnetic resonance, capacitive, RF, infrared, and others. The inductive coupling segment dominates the wireless power transmission market share as it works by inducing a magnetic field, a natural part of the current flow through a wire. The demand for inductive coupling is expected to surge in the coming years owing to its adoption in consumer electronics like smartphones and electric vehicle (EV) chargers.

Magnetic Resonance Coupling (MRC) is the fastest growing segment as is a widely used technique in Wireless Power Transmission (WPT) systems to increase distance while maintaining Power Transmission Efficiency (PTE). Numerous studies have examined new technologies to extend the MRC distance while maintaining high PTE values. The most promising technique so far in MRC is the accumulation of a resonator between the transmitter and receiver coils. Resonator implementation varies by model, size, and material type, although results are still unsatisfactory.

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By End-User Analysis

Near Field is Leading WPT Market in Terms of Range, While Consumer Electronics Dominates End-User Segment

By end-user, the market is bifurcated into the far field and near field. These ranges are further separated into consumer electronics, automotive, healthcare, defense, and others.

The near field is the dominant segment in terms of range, and consumer electronics is dominant in terms of end-users in the wireless power transmission market. Near Field Communication (NFC) technology is widely used in wireless power transmission, where devices communicate through inductive coupling through magnetic fields induced between transmitting and receiving coils (loop antennas). Thin NFC plates made of soft magnetic materials are placed between antennas and the metal casing of wireless devices, such as mobile phones or tablets, to reduce loss of antenna gain and radiation efficiency due to the generation of eddy currents.

Far-field is the second leading segment as it is mainly used for long-range, low-power applications. Technologies like RF and microwave are leveraged in IoT networks, remote sensors, and low-power industrial equipment, where continuous power over distance is beneficial. Despite offering greater range, far-field WPT faces challenges related to power limits, efficiency at longer distances, and regulatory restrictions, which currently limit its broader market penetration.

REGIONAL INSIGHTS

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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Asia Pacific is the dominant market for wireless power transmission, with China and Japan leading the world in electric vehicle manufacturing, smart home electronics manufacturing, defense equipment manufacturing in China, and medical equipment R&D in Japan. In June 2022, Denso developed a wireless powertrain technology that automatically charges electric car batteries while stationary or moving. The lack of charging points and the excitement that comes with it are important considerations for potential buyers.

North America is progressing considerably and is a very mature market in terms of using wireless power transmission. The growth of electric vehicles, smart devices, and communication technology in the defense sector are the main causes of the WPT growth in the region.

Europe is a growing market for wireless power transmission, with growth in automotive technology, defense equipment manufacturing, the proliferation of medical devices in the healthcare industry and other sectors. As the demand for electric car gas stations increases, the WPT will increase due to the limitation of wires and cables. For example, in August 2022, Siemens AG collaborated with MAHLE GmbH in the field of wireless charging structures for electric vehicles.

Latin America holds a comparatively lower share of the market than North America, Europe, and Asia Pacific as the majority of electronics, defense, health care, and other equipment are imported from the U.S., China, and other parts of the world. Domestic equipment production is inadequate compared to the global standards in the region.

The Middle East & Africa is experiencing lucrative growth in the market with rapid developments in some of the countries in the region. Saudi Arabia and South Africa are the leading countries in the Middle East & Africa in the wireless power source market, where many developments in electric vehicle charging are taking place. The use of IoT in smart homes, smart devices, and home appliances is growing in the region. In February 2024, Saudi Arabia unveiled the locally produced Lucid electric vehicle, an intelligent patrol vehicle equipped with advanced drones and artificial intelligence technologies. The use of WPT technology in the production of electric vehicles by many private companies is likely to increase the WPT market.

KEY INDUSTRY PLAYERS

Leading Players Focus on Product Portfolio Expansions and Partnerships to Cement Market Position

Qualcomm is expected to account for a significant market share owing to its extensive product portfolio and strong brand value. Furthermore, the company is also focused on enhancing its sales, distribution, and marketing channels through partnerships with different local associates to fortify its product reach across the globe. Additionally, other key participants operating in the industry include Texas Instrument, Energizer, Leggett & Platt, Murata Manufacturing, and WiTricity Corporation, among others, are leading the market by providing various rated gensets across different verticals.

List of Top Wireless Power Transmission Companies:

• WiTricity Corporation (U.S.)


• Qualcomm (U.S.) 


• Leggett and Platt (U.S.)


• Energizer (U.S.)


• Plugless Power Inc. (U.S.)


• Texas Instruments (U.S.)


• Murata Manufacturing Co., Ltd. (Japan)


• Unabiz Technology (Singapore)


• Energous Corporation (U.S)


• Ossia Inc. (U.S.)


• VoltServer Inc. (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• January 2024 – Sinanen Holdings Co., Ltd., a distinguished provider of comprehensive energy, housing, and daily life services, announced its official partnership with WiTricity Corporation. This significant collaboration marks Sinanen Holdings as the inaugural Japanese company to formalize a partnership agreement with WiTricity, showcasing its commitment to advancing innovative EV charging solutions.


• October 2023 – AIFA and UnaBiz entered a partnership to expedite the worldwide adoption of smart water metering solutions, leveraging the transformative capabilities of Sigfox 0G technology. This collaboration will focus on advancing Sigfox 0G-powered solutions and entail joint efforts to introduce a dual-mode hybrid solution, integrating Sigfox 0G with the LoRa technology. This alliance signifies a significant stride toward enhancing water management efficiency and sustainability on a global scale.


• November 2023 – Ossia announced the launch of the Cota Universal Adapter, which is capable of powering any recharging electronic device through its USB-C port while also wirelessly receiving power via a Cota Hub. As the first-of-its-kind wireless power-over-air adapter, it empowers users to utilize wireless power for all their USB devices immediately without requiring any modifications. Initially developed as a prototype, the Cota Universal Adapter utilized Ossia's rapid integration solution, the 'Quick Receiver.


• April 2023 – VoltServer announced a partnership with Sinclair Digital as a stocking distributor and sales representative for their products in North American commercial properties, including Hawaii. VoltServer's products integrate with Sinclair Digital's Digital Electricity platform, leveraging patented FMPS technology to deliver AC power levels over significant distances using standard wiring practices, safety standards, and Ethernet-like convenience. These products form the power distribution backbone for Sinclair Digital's AGILE-CORE™ series, targeting electrical and low voltage contractors. Additionally, VoltServer's products are utilized by Sinclair Digital to establish DC microgrids in design/build projects.


• September 2021 – Murata developed a wireless power transfer technology explicitly designed to receive higher power from NFC reader terminals. This breakthrough is particularly advantageous for electronic cards, including fingerprint authentication cards. Murata has already started delivering this technology as a technology solution.

REPORT COVERAGE

The report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product/service types, and applications of the product. Besides, it offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.

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Report Scope & Segmentation