Global Wireless Power Transmission Technology Market Size By Type (Near-Field Technology, Far-Field Technology), By Application (Smartphones, Electric Vehicles), By Region, And Segment Forecasts, 2023...

The Global Wireless Power Transmission Technology Market was valued at approximately USD 7.2 billion in 2023 and is projected to reach USD 20.5 billion by 2031, growing at a CAGR of 13.8% during the forecast period (2023–2031). This growth is driven by the rising demand for efficient power solutions across industries, from consumer electronics to automotive and healthcare. Wireless power transmission enables contactless energy transfer, reducing dependency on conventional cables and connectors and allowing for innovative applications in electric vehicle (EV) charging, medical implants, and industrial automation.

Drivers:

Increased Demand for Consumer Electronics: The popularity of smartphones, wearables, and IoT devices has driven demand for convenient and cable-free charging solutions, boosting the adoption of wireless power transmission technology.

Advancements in EV Charging: The electric vehicle market’s rapid expansion has increased demand for efficient, wireless charging infrastructure that reduces dependency on traditional charging stations.

Growing Adoption in Healthcare: Wireless power technology is being integrated into medical devices such as implants, making procedures safer and more effective by reducing infections associated with wired power sources.

Restraints:

High Initial Investment and Maintenance Costs: The advanced technology and materials required for wireless power transmission involve substantial costs, which can be a barrier for small to medium-sized enterprises.

Efficiency Challenges and Energy Loss: Wireless power transmission can suffer from efficiency loss over distance, limiting its effectiveness for long-range power applications.

Opportunity:

Expansion in Industrial Automation: Industries such as manufacturing and logistics can leverage wireless power to automate power supply to robotics and machines, facilitating smart factory operations.

Growth in Emerging Markets: Asia-Pacific and Latin American countries, with their fast-paced technological adoption and infrastructure development, offer significant growth opportunities for market players.

Market by System Type Insights:

Near-Field (Inductive, Magnetic Resonance): Dominated the market in 2023 due to its high efficiency over short distances, especially popular in consumer electronics like smartphones and medical devices.

Far-Field (Microwave, Radio Frequency): Expected to grow fastest due to applications in industrial settings and remote power solutions.

Market by End-Use Insights:

Consumer Electronics: The largest segment in 2023, fueled by the adoption of wireless charging solutions in mobile phones, tablets, and wearables.

Automotive: Anticipated to show substantial growth, driven by the expansion of wireless EV charging infrastructure.

Healthcare: Increasing adoption for medical implants and wearable health monitors supports growth in this segment.

Market by Regional Insights:

North America: Held the largest market share in 2023, supported by strong consumer electronics and healthcare sectors and advancements in EV infrastructure.

Asia-Pacific: Expected to witness the highest growth, driven by rising technological adoption and government initiatives supporting wireless technology in automotive and industrial applications.

Competitive Scenario:

Key players in the market include Qualcomm Inc., Samsung Electronics Co., Ltd., Texas Instruments Inc., WiTricity Corporation, and TDK Corporation. These companies are focused on research and development to enhance the efficiency and range of wireless power solutions. Key market developments include Qualcomm’s expansion of its EV wireless charging platform and WiTricity’s partnerships with automotive OEMs to commercialize EV wireless charging.

Scope of Work – Global Wireless Power Transmission Technology Market

Key Market Developments:

Qualcomm Inc. launched an updated wireless EV charging platform in 2023, which improves charging efficiency and speed, supporting the widespread adoption of electric vehicles.

WiTricity Corporation formed partnerships with automotive OEMs in 2024 to commercialize wireless charging technology for EVs in key markets.

Samsung Electronics Co., Ltd. expanded its consumer electronics wireless charging product line in 2025, focusing on compatibility and speed across devices.

FAQs:

What is the current market size of the Global Wireless Power Transmission Technology Market?

The market size was valued at approximately USD 7.2 billion in 2023.

What is the major growth driver of the Global Wireless Power Transmission Technology Market?

The primary growth drivers are the increased demand for wireless solutions in consumer electronics and the expanding electric vehicle market.

Which is the largest region during the forecast period in the Global Wireless Power Transmission Technology Market?

North America held the largest market share in 2023; however, Asia-Pacific is expected to witness the highest growth rate.

Which segment accounted for the largest market share in the Global Wireless Power Transmission Technology Market?

The Consumer Electronics segment dominated the market in 2023 due to the high adoption of wireless charging solutions.

Who are the key market players in the Global Wireless Power Transmission Technology Market?

Major players include Qualcomm Inc., Samsung Electronics Co., Ltd., Texas Instruments Inc., WiTricity Corporation, and TDK Corporation.