Global Wireless Power Transmission Industry Trends, Key Player Analysis and Forecast to 2026
Global Wireless Power Transmission Market is valued approximately at USD 4.92 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 23% over the forecast period 2019-2026. The wireless power transmission technology uses magnetic resonance, induction and capacitive coupling for transmitting power in near field, and microwave/RF and laser/infrared to transmit power in far-field range. This technology is gaining popularity due to the convenience offered to the users.
This technology enables the user to get rid of a slew of wires required for powering different devices. The need of effective charging systems is driving the market. Adoption of wireless transmission technology in automotive and electric vehicle charging systems is expected for the further growth of the market. Moreover, robotics market and use of wireless power transmission technology in industrial applications are the major factors likely to create lucrative growth opportunity to the market in the upcoming years. However, non-standardized and uncertified products lead to bad user experience that further acts as a barrier to the growth of industry. High cost of the devices based on wireless power transmission technology is also restraining the industry growth.
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The regional analysis of global Wireless Power Transmission Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia- pacific region is the leading/significant region across the world in terms of market share owing to the manufacturing of consumer electronic products. India, Japan, India and South Korea has contributed to the huge market size.
Major market player included in this report are:
Integrated Device Technology, Inc.
Samsung Electronics Co., Ltd.
Texas Instruments, Inc.
Powermat Technologies, Ltd.
Convenientpower Hk, Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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Last Update : 22 January 2020
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