Lucintel anticipates that Asia Pacific will be the fastest growing region in the wireless power transmission market

   October 21, 2019
According to a new market report by Lucintel, the future of the wireless power transmission market looks promising with opportunities in the smartphone, notebook, tablet, wearable electronic, and electric vehicle charging applications. The wireless power transmission market is expected to grow with a CAGR of 23% from 2019 to 2024. The major drivers for this market are increasing consumer preference for wireless connectivity, growth in electric vehicles, and increasing need for effective charging systems.

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In this market, near-field technology, such as inductive, magnetic resonance, capacitive coupling/conductive, and far-field technology, such as microwave/RF and laser/infrared, are used for wirless power transmission in various end use industries. Inductive will remain the largest technology under the near-field segment, and magnetic resonance technology is expected to witness the highest growth over the forecast period.

Within this market, smartphones will remain the largest receiver application segment for wireless power transmission technology due to increasing demand for premium smartphones with wireless charging capabilities.

Asia Pacific will remain the largest region over the forecast period due to increasing demand for electronic products, such as smartphones, tablets, laptops, and wearable devices.

Integrated Device Technology, Qualcomm, Samsung Electronics, TDK Corporation, Texas Instruments, Nucurrent, and Witricity Corporation are among the major manufacturers of wireless power transmissions.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the wireless power transmission market by technology, implementation, application, and region. Lucintel has prepared a comprehensive research report titled “Wireless Power Transmission Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the wireless power transmission market by technology, implementation, application, and region as follows:

By Technology [$M shipment analysis for 2013 – 2024]:

  • Near-Field Technology

    • Inductive

    • Magnetic Resonance

    • Capacitive Coupling/Conductive

  • Far-Field Technology

    • Microwave/RF

    • Laser/Infrared

By Implementation [$M shipment analysis for 2013 – 2024]:

  • Integrated

  • Aftermarket

By Application [$M shipment analysis for 2013 – 2024]:

  • Receiver

    • Smartphones

    • Notebooks &Tablets

    • Wearable Electronics

    • Electric Vehicle Charging

    • Industrial

  • Transmitter

    • Standalone Chargers

    • Automotive (In Vehicle)

    • Electric Vehicle Charging

    • Industrial

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

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