According to the recent study the wireless power transmission market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 23% to 25% from 2023 to 2028. Growth in this market is primarily driven by increasing consumer preference for wireless connectivity, growth in electric vehicles, and increasing need for effective charging systems.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in wireless power transmission market by technology (near-field technology and far-field technology), implementation (integrated and aftermarket), application (receiver [smartphones, notebooks & tablets, wearable electronics, electric vehicle charging, and industrial] and transmitter [standalone charges, automotive (in vehicle), electric vehicle charging, and industrial]), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Near-field technology market is expected to remain the largest segment during the forecast period.”

Based on technology, the wireless power transmission market is segmented into near-field technology and far-field technology. Lucintel forecasts that the Near-field technology market is expected to remain the largest segment due to wide range of applications, such as smartphones, tablets, and wearable devices.

“Within the wireless power transmission market, the smartphones segment is expected to remain the largest application”

Based on application the smartphones segment is expected to witness the highest growth over the forecast period due to increasing demand for premium smartphones with wireless charging capabilities and rising adoption of inductive wireless power transmission in various smartphones.

“Asia pacific will dominate the wireless power transmission market in near future”

Asia Pacific will remain the largest region over the forecast period due to increasing demand for electronic products, such as smartphones, tablets, laptops, and wearable devices, increasing expenditure for research and development proficiencies, and favorable government policies to improve the renewable energy mix within the region.

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Major players of wireless power transmission market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Integrated Device Technology, Qualcomm, Samsung Electronics, TDK Corporation, Texas Instruments, Nucurrent, Murata Manufacturing Co., Energizer Holdings, and Witricity Corporation are among the major wireless power transmission providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/wireless-power-transmission-market.aspx or [email protected]