Wireless Power Transmission Market Is Anticipated To Grow At A Cagr Of 23% To 25% During 2023-2028

By Author: Lucintel LLC
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The global wireless power transmission market is projected to reach $XX billion by 2028, at a CAGR of 23% to 25% during 2023-2028. The growth of wireless power transmission market is driven by increasing consumer preference for wireless connectivity, growth in electric vehicles, and increasing need for effective charging systems.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the wireless power transmission market by technology (near-field technology [inductive, magnetic resonance, and capacitive coupling/conductive] and far-field technology [microwave/RF, and laser/infrared]), 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)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and ...
... threats to the wireless power transmission market?
Q.4 What are some changing demands of customers in the wireless power transmission market?
Q.5 What are the new developments in the wireless power transmission market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this wireless power transmission area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this wireless power transmission market?

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Market Segmentation:
Based on technology, the wireless power transmission market is segmented into near-field technology and far-field technology. The Near-field technology segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to wide range of applications, such as smartphones, tablets, and wearable devices.
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.
Key Players in the wireless power transmission market are Integrated Device Technology, Qualcomm, Samsung Electronics, TDK Corporation, Texas Instruments, Nucurrent, Murata Manufacturing Co., Energizer Holdings, and Witricity Corporation.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/wireless-power-transmission-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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