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Wireless Power Receiver Market Share

ID: MRFR//1151-HCR | 108 Pages | Author: Aarti Dhapte| November 2024

In the highly competitive and innovative Wireless Power Receiver Market, market share positioning strategies are quite essential. Differentiation strategy is one of them where each company tries to make its product unique from those of others in the market. Another important strategy is cost leadership, as companies try to become low-cost producers in that particular market. This involves optimizing production processes, economies of scale, and efficient supply chain management to offer competitive prices. In terms of market share positioning within the wireless power receiver industry, strategic partnerships and collaborations play a crucial role. Therefore, businesses can expand their reach through alliances with other companies, especially those in related industries like smartphone manufacturers or automobile companies, thereby enabling the integration of wireless charging solutions across a wide range of products.
The Wireless Power Receiver Market is driven by a dynamic set of market dynamics that shape its growth and evolution. One key factor affecting market dynamics is the continuous technological innovation in wireless charging solutions. A significant market dynamic is customer demand for convenient, cable-free charging options. Demand for power cords has been driving the wireless power receiver industry forward as smartphones, wearables, and other portable devices continue to gain popularity. For manufacturers to stay relevant and capture a substantial share of the market, their product development strategies must be aligned with changing consumer needs and tastes.
Another strategic move to improve market share positioning is geographical expansion. Companies entering new markets both locally and internationally succeed in attracting a broad customer base while diversifying revenue streams. It is imperative to understand local preferences and adapt products accordingly for global expansion into different regions' wireless power receiver markets. Brand positioning and effective marketing campaigns are significant factors influencing consumer perception, leading directly to variations in market share. By creating brand loyalty through establishing a strong brand identity that targets its intended audience, it helps resonate with target audiences. Closely monitoring market trends among consumers assists companies in adjusting their strategies in reaction to evolving forces, thereby ensuring they remain competitive. In such a fast-moving environment characterized by technological change as well as ever-changing consumer preferences, flexibility, and adaptability will be vital.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2023
Forecast Period 2024-2032
Growth Rate 25.93% (2024-2032)

Wireless Power Receiver Market Highlights:

Wireless Power Receiver Market Trends
Wireless Power Receiver Market Analysis
Wireless Power Receiver Market Share
Wireless Power Receiver Companies

Global Wireless Power Receiver Market Overview:


Wireless Power Receiver Market Size was valued at USD 8.05 billion in 2023. The Wireless Power Receiver market industry is projected to grow from USD 10.50 Billion in 2024 to USD 66.43382246 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 25.93% during the forecast period (2024 - 2032). A rise of Internet of Things (IoT) applications is the key market drivers enhancing the market growth.


Wireless Power Receiver Market


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Wireless Power Receiver Market Trends




  • Rise in Internet of Things (IoT)is driving the market growth




The rise of Internet of Things (IoT) applications, including smart homes, smart cities, machine-to-machine (M2M) communication, and Industrial Internet of Things (IIoT), has led to business growth. The increasing use of home appliances and home automation is driving the market. This factor drives the Market CAGR.


Additionally, the increase in the use of power transmission devices in various industries, including industrial, healthcare, automotive, and defense applications, is one of the major factors driving the growth of the wireless power transmission market. The rapid growth of consumer electronics drives the market further due to the high use of mobile, tablet, and laptop charging devices.The surge in the need for long-term energy safety is a timely investment to supply energy further influence the market. It offers economic development and a sustainable environment across the globe. The rise in the telecommunication sector assists in the expansion of the market.


Additionally, rapid urbanization, lifestyle change, surge in investments and increased consumer spending positively impact the wireless power transmission market.Furthermore, adopting wireless power transmission for automotive and electric vehicle charging applications extends profitable opportunities to the market players from 2022 to 2029. Also, increasing expenditure to undertake research and development proficiencies will further expand the market. Thus, driving the Wireless Power Receiver market revenue.


Wireless Power Receiver MarketSegment Insights:


Wireless Power Receiver Technology Insights


Based on technology, the Wireless Power Receiver Market segmentation includes inductive coupling, capacitive coupling. The inductive coupling segment dominated the market because inductive coupling is a well-established technology used in various applications, such as smartphones, laptops, and electric vehicles. Inductive coupling is a well-established technology. Inductive coupling is efficient and reliable. Inductive coupling is relatively easy to implement.


Figure1: Wireless Power Receiver Market, by Technology, 2022&2032 (USD billion)


Wireless Power Receiver Market, by Technology, 2022&2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Wireless Power Receiver Application Insights


The Wireless Power Receiver Market segmentation, based on application, includes consumer electronics, healthcare, automotive, aerospace and defense, and industrial. The consumer electronics segment dominated the market;this is because consumer electronics is a large and growing market, and wireless power is a key enabling technology for many consumer electronics products, such as smartphones, laptops, and wearable devices.Consumer electronics is a large and growing market. Wireless power is a key enabling technology for many consumer electronics products.Wireless power is becoming increasingly popular among consumers.


Wireless Power Receiver Regional Insights


Segmented by region, the study provides market insights for North America, Europe, Asia Pacific and the rest of the world. The North American wireless power marketregion has lower costs associated with installing wireless wireless transmitters and receivers and more investment in the region.


In addition, major countries examined in the market report include the United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea and Brazil.


Figure2: GLOBAL WIRELESS POWER RECEIVER MARKET SHARE BY REGION 2022 (%)


GLOBAL WIRELESS POWER RECEIVER MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe's Wireless Power Receiver market accounts for the second-largest market share due to therising favorable norms and various governments' incentives to improve the Region's renewable energy blend. Further, the German Wireless Power Receiver market witnessed the largest market share, and the UK Wireless Power Receiver market was the fastest-growing market in the European Region.


The Asia-Pacific Wireless Power Receiver Market is expected to grow fastest from 2023 to 2032. This is due tothe increasing expenditure on research and development proficiencies. Moreover, China’s Wireless Power Receiver market held the largest market share, and the IndianWireless Power Receiver market was the fastest-growing market in the Asia-Pacific region.


Wireless Power Receiver Key Market Players& Competitive Insights


Leading manufacturers are investing in research and development to expand their products, which will help the wireless charging receiver market grow further. Entrepreneurs are also undertaking various activities to expand their global footprint, and key business development activities include new product development, contract deals, joint venture mergers and acquisitions, increased investment and collaboration with other organisations. To grow and survive in a more competitive and thriving business environment, the wireless receiver business needs to have good products.


Local manufacturing to reduce operating costs is one of the key marketing strategies used by companies in the global wireless charging receiver industry to benefit consumers and business expansion. In recent years, the wireless receiver industry has provided some of the best. Major players in the Wireless Power Receiver market, including Qualcomm, Linear Technology, Semtech, Samsung Electronics, Integrated Device Technology (IDT), ROHM, NXP Semiconductor, STMicroelectronics, WiTricity, Powermat Technologies, TDK, Texas Instruments., and Other companies are trying to meet their business needs by investing in R&D activities.


Hyundai Motor Corporation, often abbreviated as Hyundai and commonly referred to as Hyundai, is a Korean multinational automaker headquartered in Seoul, South Korea in 1967. Hyundai released the ix25 model, also known as Creta. There has been an increase in the sales of this car in the Indian market in recent times, and this car in the SUV segment offers wireless charging options, unlike other competitors like Maruti Suzuki VitaraBrezza.


Rohm Semiconductor is a Japanese electronic parts manufacturer based in Kyoto, Japan. Rohm was incorporated as Toyo Electronics Industry Corporation by Kenichiro Sato on September 17, 1958. Rohm announced the development of an automotive wireless-charging solution with an integrated near-field communication system. This has led to the merging together of Rohm's automotive grade (AEC- Q100Qualified) IC with STMicroelectronics NFC Reader IC(ST25R3914) and 8-bit microcontroller (STM8A series).


Key Companies in the Wireless Power Receiver market include




  • Qualcomm




  • Linear Technology




  • Semtech




  • Samsung Electronics




  • Integrated Device Technology (IDT)




  • ROHM




  • NXP Semiconductor




  • STMicroelectronics




  • WiTricity




  • Powermat Technologies




  • TDK




  • Texas Instruments




Wireless Power Receiver Industry Developments


March 2019: Samsung released its new S10 and S10plus smartphones, which have a wireless power share feature that lets you use the back of the phone to Qi charge another phone. This idea was taken from the Huawei Mate 20 pro phone, but this phone was not available in certain territories, including the US. This has helped the sales of the Samsung S10 worldwide.


February 2019: Rohm announced the development of an automotive wireless-charging solution with an integrated near-field communication system. This has led to merging Rohm's automotive grade (AEC- Q100Qualified) IC with STMicro.


Wireless Power Receiver Market Segmentation:


Wireless Power Receiver Technology Outlook




  • Inductive Coupling




  • Capacitive Coupling




Wireless Power Receiver Application Outlook




  • Consumer Electronics




  • Healthcare




  • Automotive




  • Aerospace




  • Defense




  • Industrial




Wireless Power Receiver Regional Outlook




  • North America







    • US




    • Canada







  • Europe







    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe







  • Asia-Pacific







    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific







  • Rest of the World







    • Middle East




    • Africa




    • Latin America




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