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Wireless Power Transmission Market Size, Share, Growth & Industry Analysis, By Technology (Inductive Coupling, Magnetic Resonance, Capacitive, RF, Infrared, Others), By End User (Consumer Electronics, Automotive, Healthcare, Defense, Others), and Regional Analysis, 2024-2031
Pages: 120 | Base Year: 2023 | Release: May 2025 | Author: Versha V.
The market encompasses the technologies, systems and services that enable the transfer of electrical energy from a power source to an electrical load without the use of physical connectors or wires. This market includes a range of transmission methods such as inductive coupling, magnetic resonance, capacitive, radio frequency (RF), and infrared.
It serves multiple sectors, including consumer electronics, automotive, healthcare, defense, and others. The report identifies the principal factors contributing to market expansion, along with an in-depth analysis of the competitive landscape influencing the market growth.
The global wireless power transmission market size was valued at USD 15.78 billion in 2023 and is projected to grow from USD 18.46 billion in 2024 to USD 55.89 billion by 2031, exhibiting a CAGR of 17.15% during the forecast period.
The growth is driven by the rising demand for contactless charging across connected devices. With the expansion of smartphones, wearables, and IoT devices, consumers are increasingly seeking convenient and cable-free charging solutions. This trend is pushing the adoption of wireless power technologies in personal electronics for greater convenience and reduced wear and tear on charging ports.
Major companies operating in the wireless power transmission industry are Murata Manufacturing Co., Ltd., Renesas Electronics Corporation, Ossia Inc., Neoway Technology Co. LTD., Intel Corporation, Qualcomm Technologies, Inc., SUNGROW, Texas Instruments Incorporated, Phihong USA Corp, WiTricity Corporation, Powercast, Resonant Link Medical, Energous Corporation, RTX and NXP Semiconductors.
Long-range power transmission is emerging as a significant growth factor in the global market. As industries such as defense, automotive, and industrial automation seek efficient power delivery solutions, the demand for long-range wireless power transmission is increasing.
Technologies like RF and microwave power beaming are enabling the transfer of energy over greater distances, providing power to remote sensors, drones, and off-grid devices.
Market Driver
Rising Demand for Contactless Charging Across Connected Devices
The market is experiencing growth driven by the increasing demand for contactless charging across connected devices. This demand extends beyond consumer electronics to various applications, including the IoT ecosystem. Sensors and smart devices in these networks increasingly require efficient, low-maintenance power solutions.
Wireless charging technology eliminates the need for physical connectors, improving device durability and enabling more compact designs. As industries continue to embrace connected technologies, the need for reliable and flexible wireless power delivery solutions becomes more essential, thereby driving market growth.
Market Challenge
Safety Concerns Regarding Electromagnetic Exposure
A key challenge in the wireless power transmission market is safety concerns regarding electromagnetic exposure. As power is transmitted wirelessly, concerns about the potential health impacts of prolonged exposure to electromagnetic fields (EMFs) arise, especially in high-power systems. This can lead to regulatory hurdles and reduced consumer confidence.
To address these issues, market players are focusing on developing safer, low-emission wireless power transmission technologies. They are investing in innovations such as using lower-frequency bands and integrating enhanced safety protocols into device designs. These efforts aim to mitigate electromagnetic exposure while ensuring optimal power transmission efficiency.
Additionally, some companies are working closely with regulatory bodies to meet safety standards and improve consumer confidence in wireless power systems.
Market Trend
Long-range Power Transmission
The market is witnessing a rising trend in the development of long-range power transmission solutions. Companies are focusing on microwave-based systems that enable efficient energy transfer over extended distances. These technologies reduce reliance on physical connections and allow power to reach remote or mobile equipment.
This trend is supporting applications such as powering drones, remote industrial sensors, and defense systems operating in off-grid or inaccessible areas. It enables consistent and contactless power delivery across consumer, industrial, and defense environments.
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Segmentation |
Details |
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By Technology |
Inductive Coupling, Magnetic Resonance, Capacitive, RF, Infrared, Others |
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By End User |
Consumer Electronics, Automotive, Healthcare, Defense, Others |
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By Region |
North America: U.S., Canada, Mexico |
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Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe |
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Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific |
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Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa |
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South America: Brazil, Argentina, Rest of South America |
Market Segmentation:
Based on region, the global market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The North America wireless power transmission market share stood around 34.09% in 2023 in the global market, with a valuation of USD 5.38 billion. This dominance is attributed to the regions early adoption of advanced technologies, presence of leading consumer electronics and automotive manufacturers, and continuous investments in R&D.
Wireless charging solutions are increasingly integrated into electric vehicles and smart devices in the region. Government support for electric mobility and the growing demand for contactless power delivery in sectors such as healthcare and defense have also contributed to market growth.
The market in Asia Pacific is poised to grow at a significant growth at a CAGR of 18.24% over the forecast period. The growth is driven by rapid industrialization, increasing penetration of smartphones and electric vehicles, and expanding electronics manufacturing base.
Rising consumer demand for smart devices, along with government initiatives supporting green energy and EV infrastructure, are driving market growth in this region.
Key players in the wireless power transmission market are actively investing in research and development to improve transmission efficiency, enhance range, and support multi-device compatibility. Strategic partnerships and collaborations are pursued to accelerate product development and integrate wireless power solutions across different sectors, including automotive and consumer electronics.
Companies are broadening their product portfolios to address a wide spectrum of use cases, ranging from compact solutions for wearables and smartphones to high-capacity systems for electric vehicles and industrial equipment. This diversification enables market participants to stay competitive and address evolving end-user requirements.
Additionally, regional expansion through joint ventures, mergers, and localization of manufacturing facilities is being adopted to strengthen market presence and ensure faster delivery to regional markets.
Recent Development
