Global Wireless Power Transmission Market Size projected to Reach USD 177.5 Billion by 2033 | CAGR of 24.22%

According to the latest report by IMARC Group, titled "Wireless Power Transmission Market Report by Type (Devices With Battery, Devices Without Battery), Technology (Near-Field Technology, Far-Field Technology), Implementation (Aftermarket, Integrated), Receiver Application (Smartphones, Tablets, Wearable Electronics, Notebooks, Electric Vehicles, Robots, and Others), End-Use Industry (Consumer Electronics, Automotive, Healthcare, Defense, Power Generation, and Others), and Region 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global wireless power transmission market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global wireless power transmission market size reached USD 23.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 177.5 Billion by 2033, exhibiting a growth rate (CAGR) of 24.22% during 2025-2033.

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Global Wireless Power Transmission Market Dynamics:

The global wireless power transmission (WPT) market is undergoing a significant transformation, driven by technological advancements and evolving consumer demands. This shift towards a cable-free future is impacting various industries and creating new opportunities for innovation.

Proliferation of Consumer Electronics and Wearables:

The pervasive growth of consumer electronics, particularly smartphones, wearables, and other portable devices, is a primary catalyst for the wireless power transmission market. Consumers increasingly seek convenience and an uncluttered environment, making wireless charging a highly desirable feature. The integration of inductive and resonant charging capabilities into a vast array of personal devices has eliminated the hassle of tangled cables and fragile charging ports, extending device longevity and improving user experience.

This relentless demand for seamless charging solutions across the personal electronics ecosystem continues to drive significant investment in R&D, pushing the boundaries of efficiency and integration within compact form factors. As the market for smart home devices and IoT sensors expands, the need for convenient, embedded, and even over-the-air charging solutions becomes paramount, further bolstering this dynamic.

Rapid Electrification of Transportation and Automotive Adoption:

The burgeoning electric vehicle (EV) market represents another powerful force shaping the wireless power transmission landscape. As governments and industries worldwide commit to reducing carbon emissions, the adoption of EVs is accelerating, creating a critical demand for efficient and convenient charging infrastructure. Wireless charging for EVs, both stationary and in-motion (dynamic wireless power transfer), offers a revolutionary approach to vehicle charging, eliminating the need for physical plugs and cables. This is particularly appealing for autonomous vehicles, public transport fleets, and personal vehicles seeking a more user-friendly charging experience.

The development of high-power, high-efficiency wireless charging solutions for automotive applications is a key area of focus for market players, promising to significantly enhance the practicality and widespread acceptance of electric mobility.

Advancements in Industrial Automation and IoT Applications:

Beyond consumer and automotive sectors, the industrial automation and Internet of Things (IoT) landscape is increasingly recognizing the transformative potential of wireless power transmission. In complex industrial environments, where traditional cabling can be cumbersome, hazardous, or prone to wear and tear, WPT offers a robust and reliable alternative for powering sensors, robots, automated guided vehicles (AGVs), and other machinery.

This allows for greater flexibility in plant layout, reduces maintenance costs, and enhances operational safety. The ability to wirelessly power remote sensors and critical infrastructure in smart factories and smart cities facilitates continuous operation, real-time data collection, and predictive maintenance, leading to significant improvements in efficiency and productivity. The integration of long-range and distributed wireless power solutions is poised to unlock new levels of automation and connectivity in industrial settings.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Global Wireless Power Transmission Market are Given Below:

• Energous Corporation
• Humavox Ltd.
• Integrated Device Technology Inc. (Renesas Electronics Corporation)
• Leggett & Platt
• Murata Manufacturing Co. Ltd.
• NuCurrent Inc.
• MothersonOssia
• Qualcomm Incorporated
• Samsung Electronics
• TDK Corporation
• Texas Instruments
• Wi-Charge Ltd.
• WiTricity Corporation

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Global Wireless Power Transmission Market Trends:

The global wireless power transmission market is exhibiting several compelling trends that are defining its trajectory. A significant trend is the ongoing pursuit of increased efficiency and faster charging speeds, aiming to rival and even surpass wired charging capabilities. This is being achieved through continuous innovation in magnetic resonance, inductive coupling, and novel energy harvesting techniques. Another key trend is the drive towards greater standardization and universal compatibility, with industry alliances working to establish unified protocols (like Qi and its evolutions) that allow devices from different manufacturers to charge seamlessly on a single platform.

The development of multi-device charging solutions, capable of powering several gadgets simultaneously from a single transmitter, is gaining traction, addressing the increasing number of connected devices consumers own. Furthermore, there's a growing exploration of far-field wireless power transmission technologies, such as radio frequency (RF) and laser-based solutions, promising to deliver power over greater distances and potentially enable truly "over-the-air" charging for a wide range of applications, from smart infrastructure to specialized industrial equipment, fundamentally reshaping how electronic devices receive power in the environment.

Key Market Segmentation:

Breakup by Type:

• Devices With Battery
• Devices Without Battery

Devices with battery accounts for the majority of the market share

Breakup by Technology:

• Near-Field Technology

o Inductive
o Magnetic Resonance
o Capacitive Coupling/Conductive

• Far-Field Technology

o Microwave/RF
o Laser/Infrared

Near-field technology holds the largest share of the industry

Breakup by Implementation:

• Aftermarket
• Integrated

Aftermarket represents the leading market segment

Breakup by Receiver Application:

• Smartphones
• Tablets
• Wearable Electronics
• Notebooks
• Electric Vehicles
• Robots
• Others

Smartphones exhibits a clear dominance in the market

Breakup by End-Use Industry:

• Consumer Electronics
• Automotive
• Healthcare
• Defense
• Power Generation
• Others

Consumer electronics dominates the market

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.