Global Wireless Power Transmission Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

 Wireless Power Transmission Market Size

• The global wireless power transmission market size was valued at USD 63.48 billion in 2024 and is expected to reach USD 307.48 billion by 2032, at a CAGR of 21.80 % during the forecast period
• This growth is driven by factors such as the rising demand for wireless charging solutions in consumer electronics, increasing adoption of electric vehicles (EVs), and advancements in renewable energy technologies.

Wireless Power Transmission Market Analysis

• The wireless power transmission market is experiencing steady growth, driven by advancements in technology that enable more efficient and versatile power transfer methods. Increased demand for smart devices and electric vehicles is further contributing to the market's expansion
• The market is seeing heightened competition as both established players and new entrants develop innovative solutions to cater to the growing consumer and industrial needs. This has led to rapid improvements in wireless charging systems for various applications
• North America is expected to dominate the Wireless Power Transmissions market due to its significant market share of approximately 30%, high adoption rates of wireless power technologies in urban U.S. households (up to 75%), and the presence of key industry players such as Qualcomm, Texas Instruments, and WiTricity.
• Asia-Pacific is expected to be the fastest growing region in the Wireless Power Transmission market during the forecast period due to rapid adoption of consumer electronics, electric vehicles, and smart infrastructure, particularly in countries such as China, India, and Japan.
• The near-field technology segment is expected to dominate the wireless power transmission market with the largest share of 87.5% in 2025 due to its ability to offer high-efficiency charging over short distances, minimal energy loss, and integration in consumer electronics such as smartphones and wearables.

Report Scope and Wireless Power Transmission Market Segmentation        

Wireless Power Transmission Market Trends

“Integration of Wireless Charging in Electric Vehicles”

• The integration of wireless charging technology into electric vehicles is becoming a significant trend in the market
• With the growing adoption of electric vehicles globally, the need for efficient charging solutions is increasing, and wireless charging offers a convenient alternative to traditional plug-in chargers
• Wireless charging systems allow for greater convenience as they eliminate the need for physical connections, offering the potential for more seamless and user-friendly charging experiences
  • For instances, the development of wireless charging pads for EVs, such as those tested by companies such as WiTricity, demonstrate how the technology is moving towards widespread implementation in public charging stations and residential areas
• This trend is expected to grow as automakers and charging infrastructure providers invest heavily in wireless power transmission technology, helping to make EVs more accessible and convenient for users across the globe

Wireless Power Transmission Market Dynamics

Driver

“Rising Demand for Wireless Charging Solutions in Consumer Electronics”

• The increasing demand for wireless charging solutions in consumer electronics is driving the wireless power transmission market.
• As smartphones, tablets, wearables, and other portable devices become more popular, consumers are seeking more convenient and efficient charging methods 
  • For instance, Apple's iPhone lineup now features wireless charging, and Samsung has integrated this feature into its Galaxy devices. 
• Wireless charging eliminates the need for traditional cables, reducing wear and tear on charging ports and offering a more seamless user experience.
• As more devices, including smartwatches and laptops, integrate wireless charging standards such as Qi, the adoption rates for wireless charging are expected to rise, boosting market growth.
• The rise of smart homes and the Internet of Things (IoT) further amplifies the need for wireless charging solutions in connected devices 
  • For instance, companies are introducing wireless charging pads integrated into furniture or home systems, allowing users to charge their devices without extra cables

Opportunity

“Advancing Wireless Power Transmission in the Healthcare Sector”

• Wireless power offers a safer, non-invasive alternative for powering implantable medical devices, such as pacemakers and neurostimulators 
  • For instance, The University of Stanford developed a wirelessly rechargeable pacemaker prototype using radio frequency energy; Medtronic is also exploring wireless charging options for its neurostimulators 
• WPT reduces the need for surgeries to replace or recharge batteries, significantly improving patient outcomes and minimizing the risk of infections 
  • For instance, A study published in Nature Biomedical Engineering demonstrated a skin-safe wireless system that recharges implants through body tissue, reducing the need for surgica intervention 
• Wearable health monitors benefit from continuous wireless charging, enhancing real-time health tracking and reducing downtime. These include fitness bands, glucose monitors, and ECG patches
• The rise of telemedicine and remote patient monitoring creates demand for wireless-powered devices that can operate for extended periods without manual charging or battery swaps
• Growing investments in medical R&D and healthcare infrastructure globally, especially in aging populations, are accelerating the adoption of advanced technologies such as wireless power transmission in both hospital and home-care environments

Restraint/Challenge

“High Cost of Technology Implementation”

• A significant challenge for the wireless power transmission market is the high cost of technology implementation, which hinders widespread adoption
• Developing and deploying wireless charging infrastructure requires substantial investments in research, development, and manufacturing of advanced systems such as charging pads, transmitters, and receivers
• These high costs can deter smaller companies and startups from entering the market, slowing down innovation and limiting market growth 
  • For instance, the installation of wireless charging systems for electric vehicles involves significant setup costs for both residential and commercial installations 
• Consumers may also hesitate to adopt wireless charging solutions due to the higher pricing of devices and charging stations compared to traditional wired options, creating a barrier to mass adoption
• While technology improvements and economies of scale are expected to reduce costs over time, the current pricing remains a major restraint for the broader adoption of wireless power transmission solutions

Wireless Power Transmission Market Scope

The market is segmented on the basis of technology, implementation, receiver application, and transmitter application.

In 2025, the near-field technology is projected to dominate the market with a largest share in technology segment

The near-field technology segment is expected to dominate the wireless power transmission market with the largest share of 87.5% in 2025 due to its ability to offer high-efficiency charging over short distances, minimal energy loss, and integration in consumer electronics such as smartphones and wearables.

The smartphones is expected to account for the largest share during the forecast period in receiver application market

In 2025, the smartphones segment is expected to dominate the market with the largest market share of 37.5% due to its widespread adoption of wireless charging features, increasing demand for fast-charging solutions, and the continuous advancement in wireless power standards such as Qi.

Wireless Power Transmission Market Regional Analysis

“North America Holds the Largest Share in the Wireless Power Transmission Market”

• North America dominates the global wireless power transmission, holding an approximately 30% of the market share
• The U.S. leads in the adoption of wireless power technologies, with over 60% of households integrating such solutions, particularly in urban areas where adoption rates reach up to 75%
• Key players such as Qualcomm, Texas Instruments, and WiTricity are headquartered in North America, driving innovation and market growth through significant investments in research and development
• The region's strong presence in the electric vehicle (EV) sector, with companies such as Tesla and Rivian, has accelerated the demand for wireless charging solutions, further solidifying North America's market leadership
• Government policies supporting clean energy and sustainability have fostered a favourable environment for the adoption of wireless power transmission technologies across various sectors, including healthcare and consumer electronics

“Asia-Pacific is Projected to Register the Highest CAGR in the Wireless Power Transmission Market”

• Asia Pacific is the fastest-growing region in the wireless power transmission market
• The region's rapid adoption of wireless power solutions is driven by the increasing demand for consumer electronics, electric vehicles, and smart infrastructure. Countries such as China, India, and Japan are at the forefront of this transformation
• Government initiatives and investments in infrastructure are propelling the growth of wireless power transmission technologies across various sectors, including healthcare and automotive
• Asia Pacific's strong manufacturing base in consumer electronics and electric vehicles contributes to the region's leadership in the wireless power transmission market
• The presence of major technology companies and research institutions in the region fosters innovation and the development of advanced wireless power transmission solutions

Wireless Power Transmission Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

The Major Market Leaders Operating in the Market Are:

• SAMSUNG (South Korea)
• Wi-Charge (Israel)
• Energous Corporation (U.S.)
• Semtech (U.S.)
• TOSHIBA CORPORATION (Japan)
• Panasonic Corporation (Japan)
• ROHM CO., LTD. (Japan)
• Murata Manufacturing Co (Japan)
• Koninklijke Philips N.V. (Netherlands)
• uBeam (U.S.)
• HUMAVOX LTD (Israel)
• Powermat (India)
• Powercast Corp. (U.S.)
• Fulton Innovation LLC (U.S.)
• TDK Corporation (Japan)
• WiTricity Corporation (U.S.)
• Integrated Device Technology, Inc. (U.S.)
• Texas Instruments Incorporated (U.S.)
• Ossia Inc. (U.S.)

Latest Developments in Global Wireless Power Transmission Market

• In June 2024, Energous Corporation announced strategic partnerships with Annukin, Ecobyte, and Peak Technologies to accelerate the global adoption of its over-the-air wireless power technology. These collaborations aim to enhance IoT applications in sectors such as retail, supply chain, and healthcare by providing scalable, battery-free power solutions. Annukin, based in Latin America, has already demonstrated a 92% improvement in asset tracking coverage for a Mexican retailer using Energous technology. Ecobyte, operating in Europe, will integrate Energous' solutions into its returnable packaging systems, enhancing supply chain visibility. Peak Technologies, serving North America and Europe, will offer comprehensive asset tracking solutions, further expanding the reach of Energous' wireless power networks. These partnerships are expected to drive the adoption of Energous' wireless power technology, facilitating the development of battery-free IoT devices across various industries
• In June 2023, Powercast and Powermat announced a strategic partnership to create a comprehensive wireless power solution, combining Powercast's long-range RF technology with Powermat's high-power SmartInductive™ technology. This collaboration aims to provide a one-stop-shop for wireless power applications, offering solutions that range from low-power, long-range RF charging up to 120 feet, to high-power, short-range inductive charging for industrial needs. The partnership enables scalable wireless power applications capable of penetrating up to eight inches of walls and windows, supporting devices in sectors such as telecom, robotics, micro-mobility, and medical devices. By integrating these technologies, the companies aim to reduce e-waste, eliminate battery replacement hassles, and promote sustainability through environmentally-friendly, untethered devices. This initiative is expected to streamline the development process for customers, offering comprehensive engineering and productization support from concept to production
• In February 2023, Renesas Electronics unveiled a cutting-edge wireless power transmitter technology at the International Solid-State Circuits Conference (ISSCC) in San Francisco. This single-chip solution enhances charging efficiency and safety by integrating adaptive Zero-Voltage Switching (ZVS) and direct DC/AC coil current sensing. The technology supports up to 15W with Qi-compatible receivers and up to 40W with proprietary receivers. Key features include foreign object detection to prevent overheating and programmable Pulse Width Modulation (PWM) for precise power delivery. These advancements are poised to improve user experience in portable device charging by reducing electromagnetic interference (EMI) and enhancing system longevity
• In August 2022, TDK Corporation introduced the MP-A28, a planar wireless power coil utilizing a unique copper patterning technology. This Qi-compliant coil enhances charging efficiency by reducing "dead zones" and improving magnetic coupling. Its design allows for integration of NFC antennas and optional EMI shielding, reducing component count and system complexity. The MP-A28 is particularly beneficial for automotive applications, offering robust performance under mechanical and thermal stresses. This development positions TDK as a leader in advanced wireless charging solutions, impacting sectors such as automotive, consumer electronics, and industrial automation 

SKU-13494