Wireless Power Transmission Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR70967
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The wireless power transmission market has the potential to grow by USD 12.48 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 25.65%.

This wireless power transmission market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (consumer electronics, industrial applications, automotive, and others) and geography (APAC, Europe, North America, South America, and MEA). The wireless power transmission market report also offers information on several market vendors, including Analog Devices Inc., Energous Corp., Koninklijke Philips NV, NXP Semiconductors NV, Renesas Electronics Corp., Samsung Electronics Co. Ltd., Semtech Corp., TDK Corp., and WiTricity Corporation among others.

What will the Wireless Power Transmission Market Size be in 2021?

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Wireless Power Transmission Market: Key Drivers and Trends

The rapid growth in the wireless transmission is notably driving the wireless power transmission market growth, although factors such as limitations of wireless transmission may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wireless power transmission market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

The rapid growth in the wireless transmission is one of the key factors driving the wireless power transmission market growth. In the last few years, the demand for high-voltage (HV) transmission in the utility sector has been rising rapidly. Wireless transmission is a reliable means to carry electricity without any kind of wires or physical contact. As of now, utility-scale wireless power transmission is at a nascent stage, but the growing prominence of cost-effective transmission will positively impact the global wireless power transmission market growth in the coming few years. For instance, according to the Indian Government, the total power generation across the country has shown a steady growth of over 5.5% in the last five years.

This wireless power transmission market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Wireless Power Transmission Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Analog Devices Inc.
  • Energous Corp.
  • Koninklijke Philips NV
  • NXP Semiconductors NV
  • Renesas Electronics Corp.
  • Samsung Electronics Co. Ltd.
  • Semtech Corp.
  • TDK Corp.
  • WiTricity Corporation

 

This statistical study of the wireless power transmission market encompasses successful business strategies deployed by the key vendors. The wireless power transmission market is fragmented and the vendors are deploying growth strategies such as focusing on product innovation to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wireless power transmission market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Wireless Power Transmission Market?

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45% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the wireless power transmission market in APAC. Market growth in this region will be faster than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Wireless Power Transmission Market?

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The wireless power transmission market share growth by the consumer electronics segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the wireless power transmission market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Wireless Power Transmission Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive wireless power transmission market growth during the next five years
  • Precise estimation of the wireless power transmission market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wireless power transmission market industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wireless power transmission market vendors

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Wireless Power Transmission Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 25.65%

Market growth 2021-2025

$ 12.48 billion

Market structure

Fragmented

YoY growth (%)

19.07

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 45%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Analog Devices Inc., Energous Corp., Koninklijke Philips NV, NXP Semiconductors NV, Renesas Electronics Corp., Samsung Electronics Co. Ltd., Semtech Corp., TDK Corp., and WiTricity Corporation

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Consumer electronics - Market size and forecast 2020-2025
    • Industrial applications - Market size and forecast 2020-2025
    • Automotive - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Analog Devices Inc.
    • Energous Corp.
    • Koninklijke Philips NV
    • NXP Semiconductors NV
    • Renesas Electronics Corp.
    • Samsung Electronics Co. Ltd.
    • Semtech Corp.
    • TDK Corp.
    • WiTricity Corporation

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The wireless power transmission market growth will increase by $12482.44 million during 2020-2025.
    The wireless power transmission market is expected to grow at a CAGR of 25.65% during 2020-2025.
    Technavio has segmented the wireless power transmission market by application (Consumer electronics, Industrial applications, Automotive, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
    Analog Devices Inc., Energous Corp., Koninklijke Philips NV, NXP Semiconductors NV, Renesas Electronics Corp., Samsung Electronics Co. Ltd., Semtech Corp., TDK Corp., WiTricity Corporation are a few of the key vendors in the wireless power transmission market.
    APAC will register the highest growth rate of 45.49% among the other regions. Therefore, the wireless power transmission market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the wireless power transmission market growth are:
    • Rapid growth in wireless transmission
    The wireless power transmission market vendors should focus on grabbing business opportunities from the consumer electronics segment as it accounted for the largest market share in the base year.
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