Global Wireless Power Transmission in Automotive and Industrial Market, By Type (Devices with Battery, Devices without Battery), Transmission Range (Short, Medium, Long), Technology (Near-Field Technology, Far-Field Technology), Implementation (Integrated and Aftermarket), Application (Receiver, Transmission), End Use (Electric Vehicle Charging, Industrial) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel and Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Wireless Power Transmission in Automotive and Industrial Market
Growth and expansion of semiconductors industry especially in the emerging ones, growing usage of wireless power transmission in industrial processes by the small and medium scale enterprises in the developing economies, surging awareness about the benefits of electric vehicles, rising up gradation of existing infrastructure with advanced systems and increasing infrastructural development activities especially in the developing economies are the major factors attributable to the growth of wireless power transmission in automotive and industrial market. Data Bridge Market Research analyses that the wireless power transmission in automotive and industrial market will exhibit a CAGR of 21.40% for the forecast period of 2022-2029. Therefore, the wireless power transmission in automotive and industrial value would rocket up to USD 32906.43 million by 2029.
From the name itself, it is clear that wireless power transmission is the process of transmitting the power without the application of interconnected wires. It is generally used in the industrial process where there is difficulty, inconveniency, or impossibility to install the wired network.
Rising demand from the automotive industry industry and growth in the penetration rate of internet of things will emerge as the major market growth driving factors. Growing rate of digitization especially in the developing economies, surging technological developments in the transmission technologies, increasing product innovations, rising awareness about the benefits of wireless charging, and widespread industrialization will further aggravate the market value. Growing expenditure to undertake research and development proficiencies and surging need for energy conversion and energy efficient solutions will further carve the way for the growth of the market.
However, high costs associated with the research and development proficiencies and expensive installation charges will act as growth restraints for the market. Also, stringent regulatory framework in the developing economies and design complexities will further dampen the growth rate of the market. Large scale technological and infrastructural limitations, lack of the availability of brands that can assure quality and dearth of awareness and skilled professionals in the underdeveloped regions and backward economies will further challenge the market growth rate.
This wireless power transmission in automotive and industrial market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on wireless power transmission in automotive and industrial market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Wireless Power Transmission in Automotive and Industrial Market Scope and Market Size
The wireless power transmission in automotive and industrial market is segmented on the basis of type, transmission range, technology, implementation, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the wireless power transmission in automotive and industrial market is segmented into devices with battery and devices without battery.
- On the basis of the transmission range, the wireless power transmission in automotive and industrial market is bifurcated into short, medium and long.
- Based on technology, the wireless power transmission in automotive and industrial market is segmented into near-field technology and far-field technology segments. The near-field technology segment is further sub-segmented into inductive, magnetic resonance and capacitive coupling/conductive. The far-field technology segment is further sub-segmented into microwave/radiofrequency and laser/infrared.
- On the basis of implementation, the wireless power transmission in automotive and industrial market is classified into integrated and aftermarket.
- On the basis of application, the wireless power transmission in automotive and industrial market is segmented into receiver and transmission.
- On the basis of end use, the wireless power transmission in automotive and industrial market is segmented into electric vehicle charging and industrial.
Wireless Power Transmission in Automotive and Industrial Market Country Level Analysis
The wireless power transmission in automotive and industrial market is analysed and market size, volume information is provided by country, type, transmission range, technology, implementation, application and end use as referenced above.
The countries covered in the wireless power transmission in automotive and industrial market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the global wireless power transmission in automotive and industrial market owing to the presence of large electronics manufacturers such as China, Japan, and South Korea, increasing research and development investments towards technology and product development, surging adoption of advanced technologies by small and medium scale enterprises, growth and expansion of automotive industry and growing number of manufacturing industries.
The country section of the wireless power transmission in automotive and industrial market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wireless Power Transmission in Automotive and Industrial Market Share Analysis
The wireless power transmission in automotive and industrial market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wireless power transmission in automotive and industrial market.
Some of the major players operating in the wireless power transmission in automotive and industrial market are SAMSUNG, Wi-Charge., Energous Corporation, HUMAVOX LTD, Semtech, TOSHIBA CORPORATION, Panasonic Corporation, ROHM CO., LTD., Murata Manufacturing Co, Koninklijke Philips N.V., uBeam, HUMAVOX LTD, Powermat, Powercast Corp., Fulton Innovation LLC, TDK Corporation, WiTricity Corporation, Integrated Device Technology, Inc., Texas Instruments Incorporated and Ossia Inc., among others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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