Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Overview:
Wireless power transmission is the wireless technology through which power is transmitted from one power source to another. It can be used for both short- and long-range applications. Wireless power transmission is reliable, efficient, and fast. It is widely used in consumer electronic goods such as laptops, smartphones, and tablets. Moreover, wireless power transmission is used in fuel-free rockets, robots, fuel-free aircraft, and fuel-free electric automobiles. The global wireless power transmission market focuses on six regions namely North America, South America, Europe, Asia Pacific, Middle East, and Africa.
Drivers:
Rising adoption of wireless power transmission technology from the consumer electronics sector is expected to propel growth of the global wireless power transmission market during the forecast period. For example, in February 2019, Qualcomm launched Quick Charge technology to charge electronic devices wirelessly, safely, and efficiently. Increasing launches of novel technologies by key players is also expected to fuel the market growth. For instance, in May 2019, Samsung launched two new products, the Wireless Power Bank and Wireless Charging Duo Pad. Moreover, increasing demand for wireless power transmission from the automotive sector due to growing number of electric vehicles is also expected to drive growth of the global wireless power transmission market.
Restraint:
High cost associated with wireless power transmission technology is expected to hinder growth of the global wireless power transmission market over the forecast period.
Regional Insights:
Asia Pacific is expected to register robust growth in the global wireless power transmission market due to rising production of consumer electronic goods. For example, in October 2019, Green Power received an order from WiTricity to build wireless charging stations for electric vehicles in South Korea.
North America is also expected to witness significant growth in the global wireless power transmission market due to increasing demand for wireless power transmission technology from the consumer electronics sector.
Competitive Section:
Kay players active in the global wireless power transmission market are WiTricity, Energous, Fulton, Humavox, Innovations, Murata Manufacturing, Ossia, Wi-Charge, UBeam, Philips, PowerbyProxi, Qualcomm, and Dai Nippon Printing Co.
In May 2019, Dai Nippon Printing (DNP) developed a coil for wireless charging of electric vehicles.
In February 2019, WiTricity acquired Qualcomm Technologies and Qualcomm Incorporated to deliver an EV charging experience that is seamless and efficient.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Wireless Power Transmission in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The key manufacturers in this market include
Qualcomm, Inc.
Samsung Electronics Co., Ltd.
TDK Corporation
Texas Instruments, Inc.
Nucurrent, Inc.
Powermat Technologies, Ltd.
Powerbyproxi, Ltd.
Witricity Corporation
Convenientpower Hk, Ltd.
Integrated Device Technology
Leggett & Platt Inc.
Murata Manufacturing Co. Ltd.
Plugless Power
By the product type, the market is primarily split into
Near-Field Technology
Far-Field Technology
By the end users/application, this report covers the following segments
Smartphones
Electric Vehicles
Wearable Electronics
Industrial
Others
