Wireless Power Transmission Market Scope & Overview:
Wireless power transmission is a technology that enables the transfer of electrical energy from a power source to
a receiving device. Moreover, it offers various benefits including reduced clutter of wires, improved
convenience, and enhanced safety due to direct electrical contact to the circuits and switches among others.
Additionally, wireless energy transmission technology is used in various industries including automotive,
healthcare, consumer electronics, aerospace & defense, and others.
Wireless Power Transmission Market Size:
Wireless Power Transmission Market size is estimated to reach over USD 35,387.71 Million by 2032 from a value of
USD 14,978.25 Million in 2024 and is projected to grow by USD 16,417.06 Million in 2025, growing at a CAGR of
12.6% from 2025 to 2032.
Wireless Power Transmission Market Dynamics - (DRO) :
Key Drivers:
Increasing utilization of wireless chargers in consumer electronic products are driving the wireless power
transmission market growth
Wireless energy transmission in consumer electronics refers to the technology which enables the transfer of
electrical energy for charging the devices without the need for physical cables. Further, it offers various
benefits such as improved convenience, reduced wear and tear, improved safety with the addition of temperature
monitoring and foreign object detection, enhanced aesthetics, and others. Additionally, wireless charging method
is used in smartphones, tablets, smart wearables, laptops, smart home devices, and other devices.
For instance, in April 2022, Samsung launched wireless charger duo, a 15W charger for charging smartphones and
smartwatches simultaneously with LED light for notifying charging status.
Thus, the rising utilization of wireless charging technology in consumer electronic products are driving the
wireless power transmission market size.
Key Restraints:
Factors including low charging efficiency and high cost compared to traditional chargers are restraining the
wireless power transmission market growth
The primary restraining factors associated with wireless energy transmission are low charging efficiency, high
cost, continuous electromagnetic radiation, and others, which are further restraining the market. Additionally,
the charging distance between the transmitter and receiver is limited, yet energy losses are relatively high
compared to conventional wired chargers, which have minimal energy loss.
Further, the price of wireless charging is usually high due to the requirement of additional hardware including
the incorporation of coils in transmitter and receiver devices for enabling secure connection for wireless
charging. Thus, the above factors are further restraining the market expansion.
Future Opportunities :
Rising adoption of wireless power transmission in electric vehicles is expected to drive the wireless power
transmission market opportunities
The increasing adoption of wireless energy transmission in electric vehicles is primarily associated with the
need for efficient, convenient and autonomous charging solutions. Further, wireless chargers in electric
vehicles reduces the hassle of cables, which in turn improves the convenience of user for charging the vehicle
without connecting any connectors. Additionally, the rising advancements in inducting coupling and resonant
charging technologies enable high efficiency energy transfer for the electric vehicle users.
For instance, according to the IEA (International Energy Agency), 14 million total electric vehicles were sold in
2023, which is a significant increase of 35 percent as compared to 2022. This is further expected to drive
the adoption of wireless charging in electric vehicles.
Thus, as per the wireless power transmission market analysis, rising utilization of wireless charging technology
in electric vehicles is projected to drive the global wireless power transmission market opportunities
during the forecast period.
Top Key Players and Market Share Insights:
The wireless power transmission market is highly competitive with major players providing products to the
national and international markets. Key players are adopting several strategies in research and development
(R&D), product innovation, and end-user launches to hold a strong position in the global wireless power
transmission market. Key players in the wireless power transmission industry include -
Wireless Power Transmission Market Segmental Analysis :
By Transmission Method:
Based on the transmission method, the market is segmented into coupling method and radiation method.
Trends in the Transmission Method:
There is an increasing trend towards utilization of inductive coupling for charging as well as
collecting data through wireless channel.
Increasing utilization of radiation method in aerospace industry for providing charge to satellites by
using radiation of sun as a power source.
Coupling method segment accounted for the largest revenue in the total wireless power transmission
market in 2024.
In wireless power transmission, there are different types of coupling methods which are used for
charging such as inductive coupling, resonant inductive coupling, and others.
Further, inductive coupling is used in various wireless charging applications including smartphone,
healthcare devices, smartwatches, and others.
Moreover, resonant inductive coupling offers high power transmission efficiency between the receiver
coil and transmitter coil.
For instance, in June 2024, Oak Ridge National Laboratory launched 100-kW wireless charging with a
lightweight polyphase electromagnetic coupling coils with a diameter of 19 inches for seamless charging.
Thus, the rising advancements in coupling method are driving the wireless power transmission market
trends.
Radiation method is anticipated to register a significant CAGR growth during the forecast
period.
Radiation method is ideal for long-distance power transmission which uses a range of transmitter antenna
with multiple receivers support.
Further, in radiation method, power is transmitted by converting energy into electromagnetic waves at
the transmitting antenna and sent to the receiver antenna by resolving the electromagnetic waves.
For instance, in June 2023, Caltech launched space solar power prototype for harvesting solar power in space
and transmitting it to the earth's surface by using an antenna array for transferring power, with
the addition of electromagnetic waves to the desired location in the earth.
Thus, the rising advancements associated with radiation method using electromagnetic waves are expected
to drive the wireless power transmission market trends during the forecast period.
By Range:
Based on the range, the market is segmented into near field and far field.
Trends in the Range:
There is an increasing trend towards utilization of near field techniques in consumer electronic
products for sharing energy as well as data.
Rising adoption of far field technology in various applications including wireless communications, radar
systems, and others.
Near field segment accounted for the largest revenue in the total wireless power transmission market
share in 2024, and it is anticipated to register a substantial CAGR growth during the forecast
period.
Near field communication (NFC) refers to short range wireless technology which is operated at distance
upto 4 cm.
Further, in near field range, devices can also share small payloads of data between a smartphone and NFC
tag.
Near field communication technology is used by various consumer electronics products such as
smartphones, tablets, smartwatches, earphones, and others.
For instance, in January 2020, Mitsubishi Electric Corporation launched a 7.0-inch WVGA TFT-LCD module equipped
with a built-in short-range NFC antenna with a projected capacitive touch panel for various applications
including access control system terminals.
Thus, the rising incorporation of near field technology in various devices are further driving the
wireless power transmission market size.
By Application:
Based on the application, the market is segmented into electric vehicle charging, medical device,
smartphones, laptops, tablets, wearable electronics, and others.
Trends in the Application:
There is a rising trends towards utilization of wireless charger for charging wearable electronics such
as smartwatches.
Increasing adoption of wireless power transmission technology in medical devices for various critical
applications including surgical procedures, patient monitoring, and others.
Smartphones segment accounted for the largest revenue in the total wireless power transmission market
share in 2024.
In smartphones, wireless charging is a process in which electrical energy is transferred between mobile
and a charging pad using electromagnetic induction.
Further, wireless charger offers various benefits including automatic shut off after full charge, which
results in energy saving.
For instance, Apple offers wireless chargers in its product offerings for charging smartphones. It
offers various features including 25W of peak power delivery for faster wireless charging.
Thus, as per the analysis, the rising utilization of wireless chargers for charging smartphones are
driving the wireless power transmission market demand.
Electric vehicle charging segment is anticipated to register a substantial CAGR growth during the
forecast period.
In electric vehicles, wireless charging works after aligning the magnetic coil in the charger which
sends current to a magnetic coil on the car’s underside.
Further, integrating EV wireless charging with advanced parking assistance reduces the hassle of parking
at designated place and simultaneously enhances the efficiency of charging.
For instance, an India start-up incubated at IIT Kanpur developed a universal wireless charging system
which is used for charging electric vehicles and it bypasses the need for a battery interface that
involves different types of connectors.
Thus, as per the analysis, the rising advancements in EV wireless charging are anticipated to drive the
wireless power transmission market expansion during the forecast period.
By End-User:
Based on the end-user, the market is segmented into automotive, healthcare, consumer electronics, aerospace
& defense, and others.
Trends in the End-User:
There is a rising trends towards utilization of wireless energy transmission aerospace applications such
as charging satellite through radiation.
Increasing adoption of wireless chargers in consumer electronic products for charging battery without
any cable.
Consumer electronics segment accounted for the largest revenue of 38.75% in the total market share in
2024.
Consumer electronic products such as smartphones, laptops, smartwatches, smart home devices, and others
use wireless charging technology for charging.
Further, it offers various benefits such as reduced wear and tear, improved convenience, enhanced
aesthetics, improved safety with the addition of temperature monitoring and foreign object detection,
and others
For instance, in September 2024, Sony launched WF-C510 TWS (Truly Wireless Earbuds) with improved battery life
and quick charge feature, allowing users to gain 1 hour of playback time with just 5 minutes of charging
in the case.
Thus, as per the analysis, the rising utilization of wireless energy transmission in consumer
electronics are driving the wireless power transmission market demand.
Automotive segment is anticipated to register a substantial CAGR growth during the forecast
period.
In automotive sector, wireless charging technology is utilized in various applications for enhancing
efficiency and convenience in electric vehicle operations.
Further, it is widely used in passenger vehicles as they are light in weight due to less heavy
operation.
Additionally, wireless energy transmission is used in charging battery of electric vehicles as well as
charging other devices in automobiles.
For instance, Tesla recently revealed its wireless charging solution for EVs, which will provide a
similar efficiency rate of 95% as cable charging.
Thus, as per the analysis, the rising advancements related to wireless EV charging technology are
anticipated to drive the wireless power transmission market expansion during the forecast period.
Asia Pacific region was valued at USD 5,900.68 Million in 2024. Moreover, it is projected to grow by USD 6,475.78
Million in 2025 and reach over USD 14,155.08 Million by 2032. Out of this, China accounted for the maximum
revenue share of 37.9%.
As per the wireless power transmission market analysis, there is an increasing adoption of wireless charging
technology, particularly in countries such as China, India, and Japan, due to rising advancement in wireless
charging in electric vehicles, smartphones, and other electronic devices. The rapid development and growing
investments into automotive, electronics, and others sectors are accelerating the wireless power transmission
market.
For instance, according to the International Energy Agency, the total number of electric vehicle sales in China
reached up to 21.9 million in 2023, in which BEV accounted for 16.1 million. This is further increasing the
adoption of wireless chargers in electric vehicles, which in turn is driving the market in the Asia-Pacific
region.
North America is estimated to reach over USD 9,388.36 Million by 2032 from a value of USD 3,930.94 Million in
2024 and is projected to grow by USD 4,312.45 Million in 2025.
In North America, the growth of wireless power transmission industry is driven by the rising investment in
advanced healthcare devices and advanced electric vehicles charging system. Rising adoption of wireless
technology in automobiles for various applications including charging mobiles and automobiles are also driving
the market. Further, the increasing investment in developing advanced healthcare devices with wireless
technology for providing power without any cables is also contributing to the growth of market demand in the
region.
For instance, in 2024, according to IEA (International Energy Agency), the total electric cars sold in United States
accounted for 1.7 million units. This is further expected to increase the adoption of wireless energy
transmission solutions, in turn driving the market in the North America region during the forecast period.
The regional analysis depicts that the rising investments in consumer electronics and EV production along with
increasing integration of advanced wireless charging systems are further stimulating the market demand in
Europe. Further, as per the market analysis, the primary factors driving the market in the Middle East and
African region includes increasing investment in medical infrastructure, rising consumer electronics production,
and others. The rising advancements in satellite charging technology with improved efficiency is further driving
the market demand in the Latin America region.
Recent Industry Developments :
Product Launch:
In December 2024, GuRu Wireless Inc. launched wireless power transfer architecture which operates at
24GHz with enhanced flexibility to build different kind of systems with delivering watts to kilowatts of
wireless power over distances of up to several kilometres.
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Wireless Power Transmission Market (USA, Europe) Size, Share & Research Report 2032
Key Questions Answered in the Report
How big is the wireless power transmission market? +
The wireless power transmission market was valued at USD 14,978.25 Million in 2024 and is projected to grow to USD 35,387.71 Million by 2032.
Which is the fastest-growing region in the wireless power transmission market? +
Asia-Pacific is the region experiencing the most rapid growth in the wireless power transmission market.
What specific segmentation details are covered in the wireless power transmission report? +
The wireless power transmission report includes specific segmentation details for transmission method, range, application, end-user, and region.
Who are the major players in the wireless power transmission market? +
The key participants in the wireless power transmission market are Energous Corporation (US), Ossia Inc. (US), GuRu Wireless Inc. (US), VoltServer Inc. (US), WiTricity Corporation (US), Plugless Power Inc. (US), Samsung (South Korea), OnePlus (China), Qualcomm (US), Texas Instruments (US), and Murata Manufacturing Co., Ltd. (Japan).
Amit Sati is a Senior Market Research Analyst in the Research team of Consegic Business Intelligence. He has specialization in ICT Domain. He is client-focused, understands multiple research methods, holds strong analytical skills, in-depth presentation, and reporting skills. Amit is industrious with his research work and has sturdy attention to details. He has capability of pattern recognition within statistics, holds strong analytical mind, great training abilities and capability to quickly gel with fellow mates.