EXECUTIVE ENGAGEMENTS
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DATE
JAN 2023
TABLES
65
PAGES
294
EDITION
7
PRICE
USD 4950
CODE
MCP15679
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HIGHLIGHTS & REPORT INDEX
What`s New for 2023?
» Special coverage on Russia-Ukraine war; global inflation; easing of "zero-Covid" policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
» Online interactive peer-to-peer collaborative bespoke updates
» Access to our digital archives and MarketGlass Research Platform
» Complimentary updates for one year
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global Wireless Power Transmission Market to Reach $24.1 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Wireless Power Transmission estimated at US$5.9 Billion in the year 2020, is projected to reach a revised size of US$24.1 Billion by 2027, growing at aCAGR of 22.4% over the period 2020-2027. Near-Field, one of the segments analyzed in the report, is projected to record 22% CAGR and reach US$19.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Far-Field segment is readjusted to a revised 24.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 25.2% CAGR
The Wireless Power Transmission market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2027 trailing a CAGR of 25.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.9% and 20.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 20.7% CAGR.
SELECT PLAYERS
Integrated Device Technology, Inc.; Qualcomm, Inc.; Samsung Electronics Co., Ltd.; TDK Corporation; Texas Instruments, Inc.; Witricity Corporation
SEGMENTS
» Technology (Near-Field, Far-Field) » Application (Consumer Electronics, Industrial Applications, Automotive, Other Applications)
GEOGRAPHIES
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
I. METHODOLOGY |
II. EXECUTIVE SUMMARY |
1. MARKET OVERVIEW |
Impact of COVID-19 Pandemic and Looming Global Recession; Living with COVID-19, the New Normal |
Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023 |
EXHIBIT: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023 |
Competitive Scenario |
Wireless Power Transmission – Global Key Competitors Percentage Market Share in 2022 (E) |
Competitive Market Presence - Strong/Active/Niche/Trivial for 51 Players Worldwide in 2022 (E) |
Select Innovations & Advancements |
Emrod’s Technology Key to Developing Long Range Wireless Power Transmission |
Global Wireless Power Transmission Market Set to Deliver Electrifying Performance: Prospects & Outlook |
COVID-19 Pandemic as Market Disruptor |
Analysis by Technology: Near-Field Technology; Powerful Segment of Wireless Power Transmission Market |
EXHIBIT: World Wireless Power Transmission Market by Technology (2021 & 2027): Percentage Breakdown of Revenues for Near-Field and Far-Field |
Analysis by Application: Consumer Electronics Maintains Lead |
EXHIBIT: World Wireless Power Transmission Market by Application (2021 & 2027): Percentage Breakdown of Revenues for Consumer Electronics, Industrial Applications, Automotive, and Other Applications |
Regional Analysis |
EXHIBIT: World Wireless Power Transmission Market: Percentage Breakdown of Revenues for Developed and Developing Regions for the Years 2021 & 2027 |
EXHIBIT: World Wireless Power Transmission Market - Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: China, Asia-Pacific, USA, Europe, Canada, Rest of World, and Japan |
Wireless Power Transmission: An Introduction |
Near- & Far-Field Regions for Wireless Power |
Atmospheric Plasma Channel Coupling |
Power Harvesting |
Intriguing Applications Transforming Industries |
Recent Market Activity |
2. FOCUS ON SELECT PLAYERS |
3. MARKET TRENDS & DRIVERS |
Where is the Wireless Power Transmission Market Leading? |
Revolution in Power Transmission: Prerequisite for Next Wave of Digital Revolution |
Key Developments and Advancements in the Wireless Charging Market |
Advent of Innovative Technologies Fuel Demand for Wireless Energy Transmission Systems |
Wireless Charging and Chargers: The Latest Buzzword |
Select Innovative Charging Technologies: Commercialized and Developmental |
A Peek into Wireless Charging Technologies |
Rising Interest in Fast Chargers for Auto and Smartphone Applications |
Strong Impetus from Electronics Industry: A Key Market Driver |
EXHIBIT: Global Opportunity for Consumer Electronics (In US$ Million) for Years 2020, 2022, 2024, 2026 and 2028 |
Rising Use of Wearable Devices Augurs Well for the Market |
EXHIBIT: Global Electronic Wearables Shipments (In Million Units) for Years 2020, 2022, 2024 & 2026 |
EXHIBIT: Global Wearable Electronics Market Breakdown of Unit Sales (in %) by Region (2018 & 2022) |
EXHIBIT: Global Wearables Shipments Breakdown (in %) by Product for 2020 & 2024 |
Wireless Chargers to Gain Significant Adoption |
Charging Solutions for Smartphones |
EXHIBIT: Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022 |
EXHIBIT: Smartphone Adoption Worldwide by Region (in %): 2018 & 2025 |
Growing Demand for Mobile Computing Devices to Spur Demand |
Rise in Home Entertainment Spending Drives Opportunities |
EXHIBIT: Leading Streaming Services by Subscriber Base (in Million): 2020 |
EXHIBIT: Global SVOD Services Market Breakdown of Subscriber Base (in %) by Service Provider: 2021E |
EXHIBIT: Global Number of SVoD Subscribers (In Million): 2015-2024 |
Long-Distance Energy Transfer: Key Focus Area for Technology Developers |
New Zealand to Deploy Long-Range Wireless Energy Infrastructure Prototype |
Rising Production of EVs to Drive Uptake of Wireless Power Transmission Market |
EXHIBIT: World Automotive Cockpit Electronics Market by Product (2021 & 2027): Percentage Breakdown of Sales for Infotainment & Navigation, Information Display, Instrument Cluster, Telematics, HUD, and Other Products |
EXHIBIT: Global Electric Vehicle Sales % Change in 2020 |
EXHIBIT: Global Electric Passenger Car Stock (In Million Units) for the Years 2017, 2018, 2019, 2020 & 2025P |
Dynamic Wireless Power Transfer for Electric Vehicles |
Wireless Charging Catches Attention of Car Companies |
Innovative Charger Designs Emerge for Motorcycles and Cars |
Wireless Power Transfer Technology Using Infrared Light to Revolutionize Smart Home and Cities |
Growing Smart Homes Catalyze Demand for Wireless Chargers and Power Transmission Devices |
EXHIBIT: Growth in Total Number of Smart Homes (In Millions) for the Years 2019, 2021, 2023, 2025 & 2026 |
EXHIBIT: Global Smart Home Market Breakdown by Technology (in %) for 2018 and 2022 |
EXHIBIT: Global Market for Smart City Technologies in US$ Million for the Years 2020 and 2027 |
Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects |
Rapid Growth in Urban Households |
EXHIBIT: World Urban Population in Millions: 1950-2050 |
EXHIBIT: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030, and 2050 |
Growing Affluence of Middle Class Consumer Segment |
EXHIBIT: Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030 |
EXHIBIT: Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, and 2030 |
Rising Living Standards |
Increasing Concerns for Preserving Ecological Balance Fuel Demand for Wireless Power Transmission Devices |
Using Infrared Laser Light Technology to Power Small Sensors Wirelessly |
Far-field Wireless using Electromagnetism to Transfer Power across 100 Feet |
4. GLOBAL MARKET PERSPECTIVE |
World Wireless Power Transmission Market Analysis of Annual Sales in US$ Million for Years 2020 through 2027 |
World Recent Past, Current & Future Analysis for Wireless Power Transmission by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Wireless Power Transmission by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027 |
World Recent Past, Current & Future Analysis for Near-Field by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Near-Field by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
World Recent Past, Current & Future Analysis for Far-Field by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Far-Field by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
World Recent Past, Current & Future Analysis for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Consumer Electronics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
World Recent Past, Current & Future Analysis for Industrial Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Industrial Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
III. MARKET ANALYSIS |
UNITED STATES |
Wireless Power Transmission Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E) |
USA Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
USA 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
USA Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
USA 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
CANADA |
Canada Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Canada 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
Canada Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Canada 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
JAPAN |
Wireless Power Transmission Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E) |
Japan Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Japan 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
Japan Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Japan 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
CHINA |
China Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
China 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
China Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
China 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
EUROPE |
Wireless Power Transmission Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E) |
Europe Recent Past, Current & Future Analysis for Wireless Power Transmission by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR |
Europe 7-Year Perspective for Wireless Power Transmission by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027 |
Europe Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Europe 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
Europe Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Europe 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
FRANCE |
France Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
France 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
France Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
France 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
GERMANY |
Germany Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Germany 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
Germany Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Germany 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
ITALY |
Italy Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Italy 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
Italy Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Italy 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
UNITED KINGDOM |
UK Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
UK 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
UK Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
UK 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
REST OF EUROPE |
Rest of Europe Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Rest of Europe 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
Rest of Europe Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Rest of Europe 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
ASIA-PACIFIC |
Wireless Power Transmission Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E) |
Asia-Pacific Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Asia-Pacific 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
Asia-Pacific Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Asia-Pacific 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
REST OF WORLD |
Rest of World Recent Past, Current & Future Analysis for Wireless Power Transmission by Technology - Near-Field and Far-Field - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Rest of World 7-Year Perspective for Wireless Power Transmission by Technology - Percentage Breakdown of Value Revenues for Near-Field and Far-Field for the Years 2021 & 2027 |
Rest of World Recent Past, Current & Future Analysis for Wireless Power Transmission by Application - Consumer Electronics, Industrial Applications, Automotive and Other Applications - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR |
Rest of World 7-Year Perspective for Wireless Power Transmission by Application - Percentage Breakdown of Value Revenues for Consumer Electronics, Industrial Applications, Automotive and Other Applications for the Years 2021 & 2027 |
IV. COMPETITION |
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