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]:
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
Asia Pacific
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 https://www.lucintel.com/wireless-power-transmission-market.aspx or helpdesk@lucintel.com.
About Lucintel
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