From GlobeNewswire: 2025-06-04 10:00:00

The Wireless Power Transmission Market was valued at USD 14.14 billion in 2023, projected to reach USD 39.54 billion by 2032 with a CAGR of 12.1%. Major players include WiTricity, Qualcomm, Energizer, and Texas Instruments. The U.S. market is expected to reach USD 6.20 billion by 2032, driven by consumer electronics and EV adoption.

Inductive Coupling leads the market with 42% revenue share, favored for its reliability in smartphones and EVs. Magnetic Resonance is set to grow at a 14.7% CAGR, offering longer range charging for multiple devices simultaneously. Companies like WiTricity and Ossia Inc. are innovating interoperable wireless charging ecosystems.

The Near Field segment dominated the market with 87% share in 2023, with Qualcomm and Murata leading the way in short-range solutions. The Far Field segment is projected to grow at a CAGR of 17.6%, benefiting from RF, microwave, and laser-based wireless transmission advancements. Asia Pacific leads the global market, with North America expected to witness the fastest growth.

Driven by advancements in resonant inductive and microwave power technologies, the wireless power transmission market is expanding rapidly. Integration of wireless charging in consumer electronics and medical implants, along with the growth of smart infrastructure, further boosts the adoption of efficient, contactless power transfer systems across various industries. 1. The government announced a new initiative to combat climate change, setting a goal to reduce carbon emissions by 50% by 2030. This plan includes investing in renewable energy sources and implementing stricter regulations on polluting industries. The aim is to create a more sustainable future for the country.

2. In economic news, the stock market saw a significant increase in trading volume, with the S&P 500 reaching a new all-time high. Analysts attribute this surge to positive earnings reports from major companies and optimism about the upcoming fiscal policies. Investors are hopeful for continued growth in the market.

3. A new study revealed alarming statistics about the impact of plastic pollution on marine life. Researchers found that over 8 million tons of plastic waste enter the oceans each year, causing harm to marine animals and ecosystems. The study emphasizes the urgent need for global action to reduce plastic consumption and waste.

4. Education officials announced plans to implement a new curriculum focused on digital literacy in schools nationwide. The curriculum will teach students essential skills for navigating the digital world, such as online safety, cybersecurity, and digital citizenship. The goal is to prepare students for the increasingly technology-driven society.

5. Health experts warned about the rise in cases of antibiotic-resistant bacteria, posing a serious threat to public health. Over 2.8 million people are infected with antibiotic-resistant bacteria each year, leading to thousands of deaths. The World Health Organization urges governments to take immediate action to combat this growing crisis through better antibiotic stewardship.



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