WIRELESS POWER TRANSFER SYSTEMS MARKET companies

Market Concentration and Competitive Landscape

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Key Developments:

• In June 2024, Energous Corporation, a provider of wireless power network solutions, partnered with Anukin, Ecobyte, and Peak Technologies, providers of IT systems and services, to accelerate the adoption of its solutions worldwide
• In June 2023, Powermat, a player engaged in wireless charging solutions, partnered with Powercast, a provider of wireless power solutions, to create long-range wireless power solutions with power ranging from SmartInductive to RF up to 120 ft

Top Strategies Followed by Global Wireless Power Transfer Systems Market Players

• Established Players: Leading companies like Samsung, Qualcomm, and Energous prioritize R&D investments, allocating over 5% of their annual revenue to developing next-generation integrated circuits, charging pads, and battery management systems. For instance, Qualcomm’s Halo wireless EV charging system exemplifies cutting-edge innovation, enabling efficient dynamic charging for electric vehicles. Similarly, Samsung’s Wireless Charger Duo showcases its advancements in multi-device wireless charging, reinforcing its leadership in the consumer electronics segment.
• Mid-Level Players: Companies like Texas Instruments and MediaTek focus on cost optimization and scalable solutions, making wireless power transfer technology more accessible to budget-conscious consumers. A notable example is Texas Instruments' BQ51050B wireless power receiver, which provides an affordable yet efficient Qi-compliant charging solution for smartphones and wearables. Likewise, MediaTek’s Pump Express wireless charging technology enhances charging efficiency while keeping costs low, enabling widespread adoption in mid-range and budget smartphones.
• Small-Scale Players: New entrants frequently target niche application areas not addressed by larger companies. For example, SonicEnergy (previously uBeam) focuses on wireless power for smart home devices through ultrasonic waves while Ossia aims to provide power for industrial IoT devices over the air. By zeroing in on specialized needs, these companies gain first-mover advantages in smaller markets.

Emerging Startups – Wireless Power Transfer Systems Industry Ecosystem

• Innovative Technologies: Startups like Wi-Charge are developing smart sensor technologies integrated within wireless chargers and devices. Energous has pioneered breakthrough chipset designs to deliver power over distance using radio frequencies. Such advanced solutions could transform charging capabilities and user experience.
• Sustainable Solutions: Some startups are contributing to niche and environmentally-conscious market demands. For example, Witricity explores technically and economically viable methods for wireless EV charging to accelerate e-mobility adoption.