Enjoy complimentary customisation on priority with our Enterprise License!
The wireless power transmission market size is forecast to increase by USD 29.61 billion at a CAGR of 30.96% between 2023 and 2028. The market is experiencing significant growth due to the increasing adoption of Inductive charging technology in various industries. Inductive pads are becoming increasingly popular in powering Industrial IoT devices and industrial sensors, streamlining the process of charging these devices without the need for physical connections. The trend towards automation and the Internet of Things (IoT) is driving investment in wireless power transmission solutions. However, there are limitations to this technology, including the need for precise alignment between the transmitter and receiver, and the potential for interference from other wireless signals. Infrared and magnetic resonance are alternative wireless power transmission technologies that offer greater flexibility in terms of alignment and distance, but face their own challenges in terms of efficiency and cost. Overall, the market for wireless power transmission is poised for continued growth, as industries seek to reduce the complexity and cost of charging their IoT devices and sensors.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.