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Global Wireless Power Transmission Market to reach USD 25.78 billion by 2026
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.
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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. 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. Qualcomm, Inc. Samsung Electronics Co., Ltd. TDK Corporation Texas Instruments, Inc. Nucurrent, Inc. Powermat Technologies, Ltd. Powerbyproxi, Ltd. Witricity Corporation 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. The detailed segments and sub-segment of the market are explained below: By Technology: Near-Field Technologies Far-Field Technologies By Implementation: Aftermarket Integrated By Receiver Application: Smartphones Tablets Wearable Electronics Notebooks Other Consumer Electronics Electrical Vehicle Charging Industrial By Transmitter Application: Standalone Chargers Automotive (In-Vehicle Charging System) Electric Vehicle Charging Furniture Industrial By Region: North America U.S. Canada Europe UK Germany Asia Pacific China India Japan Latin America Brazil Mexico Rest of the World Furthermore, years considered for the study are as follows: Historical year ? 2016, 2017 Base year ? 2018 Forecast period ? 2019 to 2026 Target Audience of the Global Wireless Power Transmission Market in Market Study: Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors
01
Project Kick-off
Getting the research team on board discussing research objective, research scope, methodology, timeline and challenges
02
Desk Research
Developing Contact lits,Questionnaires,and market models Conducting desk research through credible publishedsources to collect relevant qualitative & quantitative data in relation to the research objectives
03
Primary Research
Conducting interviews with key opinion leaders ( KOLs ) and stakeholders to derve data in relationto the research objective and validate market numbers estimated through market models and industry-leading research tool
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Analysis & Report Writing
Analysing the data sourced via desk and primary research and building report, conclusions,& recommendations sed on research objective
Industry Research Insights follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.
Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
Annual reports, investor presentation, SEC filings, and press releases of companies operating in the market
Studies published by relevant associations MedTech Europe; American College of Radiology; Cancer Council Australia; Japan Hospital Association, etc.), government sources (Centers for Disease Control & Prevention, Ministry of Health, Labour & Welfare, Japan; National Health Service, England, etc.), international organizations (World Health Organization, The Organization for Economic Co-operation and Development, Eurostat, etc.), and articles published by Research Gate, NCBI, etc.
Website, reports, and press releases of end user facilities – Hospitals, Ambulatory Surgery Centres, Clinics
Industry journals and paid databases
Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
Number of procedures and average price of procedures
Replacement rate and pricing of capital equipment
Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
Market & technological trends, new product developments, product pipeline.
Detailed product mappping of all Major and small players operating in the market
Estimmation of revenues/market size of all segments to arrive at the total market
Estimmates based on prevalence of diseases,diagnosed and treated patients numbers, product demand, and average annual spending on treatment
Estimates based on number of users end average consumption/spending by end users
Estimates based on number of procedures and average number of devices\consumables used per procedure
Top-down approach based on the data published on revenues, market share and growth rate of major players operating in the market
Discussions with key opinion leaders(KOLs) and stakeholders to validates market estimates and get their insights in relation to trends, dyanamics and competitive analysis
Key stakeholders such as purchasing managers, nurses, pharmacists, surgeons, physicians, etc. in end-use facilities such as hospitals, clinics, ambulatory surgery centers, pharmacies, research institutes, etc.
Key opinion leaders in related associations
Key stakeholders such as C-level executives, marketing managers, product managers, sales managers, etc. in major companies (suppliers and distributors) operating in the market
Insights from supply side respondents in relation to the market size, growth rate, market distribution, market dynamics, and market share analysis
Validation of the market size, growth rate, and market distribution estimated on the basis of market models
nsights from end user respondents to feed into models such as patient/procedure numbers, distribution of patients by treatment type, average pricing, average spending on devices, replacement rate of capital equipment, etc.
Integrated Device Technology, Inc. Qualcomm, Inc. Samsung Electronics Co., Ltd. TDK Corporation Texas Instruments, Inc. Nucurrent, Inc. Powermat Technologies, Ltd. Powerbyproxi, Ltd. Witricity Corporation Convenientpower Hk, Ltd.
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