Microwave Power Transmission Market Growth Drivers and Challenges:
Growth Drivers
- Rising Demand of Electric Vehicles – It is expected that the growing need to decrease reliance on foreign oil, greater consumer interest, and policies by the government is anticipated to drive market growth. Microwave power transmission is used for powering electric vehicles as it has the capability of charging for a running vehicle. According to estimates, the global demand for EV batteries rose by more than 60% in 2022 compared to the previous year, particularly in China.
- Growing Aerospace Sector- Microwave wireless power transmission (MWPT) has wide application in the aerospace industry as it is compatible with aerospace wireless sensor network systems, and can improve the flight performance of aerospace craft, which require a high-energy-density supply when in flight. Revenues from global commercial aerospace are predicted to increase by over 13% YoY in 2023.
Challenges
- High Initial Investment - Microwave power transmission system installation calls for a sizable upfront investment in research & development and infrastructure development. As a result, many companies and regions with limited budgets are unable to invest in this technology.
- Safety and Regulatory Concerns related to Microwave Radiation
- Interference of Weather with Microwave Transmission
Microwave Power Transmission Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
19.5% |
|
Base Year Market Size (2025) |
USD 1.97 billion |
|
Forecast Year Market Size (2035) |
USD 11.7 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of microwave power transmission is assessed at USD 2.32 billion.
The global microwave power transmission market size was valued at over USD 1.97 billion in 2025 and is expected to expand at a CAGR of around 19.5%, surpassing USD 11.7 billion revenue by 2035.
The Asia Pacific microwave power transmission market will dominate more than 44% share by 2035, driven by rising energy consumption due to urban population growth.
Key players in the market include Texas Instruments, Inc., Nucurrent, Inc., Powermat Technologies, Ltd., Powerbyproxi, Ltd., Witricity Corporation, Convenientpower Hk, Ltd., Salcomp PLC.
