The global Wireless Power Transmission Market Size is experiencing a surge in growth, with forecasts signaling it could expand from an estimated USD 24.85 billion in 2024 to reach USD 62.86 billion by 2032, a robust CAGR of 12.3%. This momentum reflects accelerated adoption across consumer electronics, electric vehicle (EV) charging, industrial automation, healthcare, and other sectors eager to embrace the flexibility of contactless power delivery.
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1. Market Estimation & Definition
Wireless power transmission refers to the conveyance of electrical energy through air—without physical connectors—via techniques such as inductive couplings, magnetic resonance, and long‑range RF, microwave, or infrared beams .
2024 Market Size: USD 24.85 billion
Forecast (2025–2032): Expected to grow at 12.3% CAGR to reach USD 62.86 billion.
Other studies, e.g., Allied Market Research, estimate similar growth—USD 9.6 billion in 2023 to USD 50 billion by 2032 at ~20.7% CAGR . Despite variance in base estimates, all point to strong upward trends.
2. Market Growth Drivers & Opportunities
a) Cable-Free Convenience & Efficiency
Wireless charging offers clutter‑free setups and eliminates wear and tear on connectors. Efficiency has improved significantly—inductive systems reportedly lose less energy due to elimination of AT&C losses.
b) Consumer Electronics Boom
Smartphones, wearables, tablets, and notebooks increasingly embed inductive or resonance-based wireless charging systems. Major brands like Samsung, Google, and Motorola are widely adopting these technologies .
c) Electric Vehicles Charging Infrastructure
Wireless EV charging is gaining ground. Near‑field systems enable seamless in‑vehicle power transfer, and far‑field systems hold promise for public charging applications in garages or smart roads .
d) Industrial & Medical Applications
From powering implanted medical devices (e.g., hearing aids, pacemakers) to enabling robotics and sensors in harsh environments, WPT minimizes maintenance and improves safety.
e) Technological Innovation
Magnetic resonance (CAGR ~14.7%) and far‑field methods (e.g., RF, microwave) are advancing fast, unlocking flexible, long‑distance, multi‑device charging.
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3. Segmentation Analysis
By Technology
Near‑Field: Dominates market, includes inductive coupling, magnetic resonance, capacitive coupling. Represents ~87% of current WPT revenue .
Far‑Field: Rapidly rising segment, utilizing RF, microwave, and infrared for remote charging; projected to grow with ~17% CAGR .
By Implementation
Aftermarket: Stand‑alone chargers and pads, widely adopted for smartphones and accessories.
Integrated: Embedded into devices (e.g., vehicles, furniture), increasing adoption as OEMs provide built‑in wireless options.
By Application
Receiver Applications (dominant):
Transmitter Applications:
Standalone chargers
Automotive (in-vehicle charging)
Electric vehicle charging stations
Furniture-embedded charging zones
Industrial transmitters
4. Country-Level Analysis
United States
Part of North America, where WPT is projected to grow at ~13.7% CAGR through 2032.
US market valued at USD 2.04 billion in 2023, expected to reach USD 6.20 billion by 2032 .
Growth powered by EV infrastructure investment, healthcare innovations, and consumer electronics trends. Leading tech firms (WiTricity, Texas Instruments, Energous) are advancing in wireless charging systems.
Germany
As part of Europe, Germany benefits from strong automotive and Industry 4.0 deployment.
Wireless in-vehicle and industrial charging solutions are gaining momentum on factory floors and for European EV adoption. Germany plays a crucial role in the EU push for embedded standards and industrial implementation .
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-wireless-power-transmission-market/30188/
5. Competitor Analysis
The WPT market is led by a blend of semiconductor giants, OEMs, and dedicated innovators:
| Company | Area of Strength |
|---|
| Qualcomm, Texas Instruments | Semiconductor platforms, inductive ICs |
| Samsung Electronics, Powermat | Consumer electronics, EV and aftermarket pads |
| WiTricity, Energous, Ossia | Far‑field, long‑range, multi‑device systems |
| TDK, Murata, NXP, Renesas | Hardware modules, OEM components |
| Nucurrent, Powerbyproxi, Humavox, WI Charge | Niche wireless solutions |
Strategic Highlights:
Qualcomm integrates Qi standards into its platforms; TI offers efficient inductive ICs.
WiTricity and Ossia are at the forefront of far‑field wireless solutions.
Powermat and Murata partner across product lines to penetrate automotive and industrial markets .
Reasons to Buy
- Access data-driven insights to inform investment and development strategies
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Key Highlights:
- Historical Market Data (2019-2024)
- Forecasts by Segment, Region, and Industry Application (2025-2032)
- SWOT Analysis, Value Chain Insights, and Growth Drivers
- Legal Aspects by Region and Emerging Opportunities
Top Questions Answered:
- What are the key growth drivers and trends in the market?
- Who are the major players, and how do they maintain a competitive edge?
- What new applications are poised to revolutionize the Wireless Power Transmission industry?
- How will the market grow in the coming years, and at what rate?
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