PUBLISHER: The Business Research Company | PRODUCT CODE: 1484853
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484853
Radiofrequency (RF) energy harvesting involves capturing electromagnetic energy from sources such as Wi-Fi, cellular, or broadcast transmissions. This harvested energy is then converted into electrical power, enabling sustainable powering of low-power electronic devices and sensors without traditional batteries or wired sources. This technology facilitates wireless connectivity and autonomous operation across diverse applications.
Key components of RF energy harvesting include transducers (such as photovoltaic and electrodynamic, thermoelectric, and RF transducers), power management integrated circuits, and secondary batteries. Transducers are electronic devices that convert energy from one form to another, utilizing energy sources such as electric, gravitational, magnetic, nuclear, thermal, chemical, mechanical, and radiation. Frequency ranges for RF harvesting span low frequency (<1 GHz), medium frequency (1-10 GHz), and high frequency (>10 GHz). Applications of RF energy harvesting encompass wireless switching systems, wireless HVAC systems, wireless sensing and telematics systems, tire pressure monitoring systems, asset tracking systems, remote health monitoring systems, and regenerative energy harvesting systems. Various industries, including electronics, healthcare, defense and aerospace, automotive, and telecommunications, utilize RF energy harvesting technology.
The radio frequency (RF) energy harvesting market research report is one of a series of new reports from The Business Research Company that provides radio frequency (RF) energy harvesting market statistics, including radio frequency (RF) energy harvesting industry global market size, regional shares, competitors with a radio frequency (RF) energy harvesting market share, detailed radio frequency (RF) energy harvesting market segments, market trends and opportunities, and any further data you may need to thrive in the radio frequency (RF) energy harvesting industry. This radio frequency (RF) energy harvesting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The radio frequency (RF) energy harvesting market size has grown exponentially in recent years. It will grow from $17 billion in 2023 to $21.8 billion in 2024 at a compound annual growth rate (CAGR) of 28.5%. The growth observed in the historic period can be attributed to several factors. These include the widespread adoption of wireless communication technologies, increasing awareness and concerns regarding energy consumption, the expansion of interconnected devices and networks, growing recognition of environmental issues, as well as supportive policies, incentives, and regulations aimed at promoting energy efficiency.
The radio frequency (RF) energy harvesting market size is expected to see exponential growth in the next few years. It will grow to $59.32 billion in 2028 at a compound annual growth rate (CAGR) of 28.4%. The forecasted growth can be attributed to several key factors. These include the increasing deployment of internet of things (IoT) devices, a surge in energy efficiency initiatives, rising adoption of wireless sensor networks, the ongoing development of smart cities, and escalating investments in renewable energy sources. Furthermore, major trends anticipated in the forecast period encompass advancements in efficiency measures, the emergence of smart buildings, a heightened focus on environmental sustainability practices, integration with wireless communication standards, and a trend towards smaller and more integrated electronic devices.
The burgeoning demand for IoT and wireless devices is poised to drive significant growth within the radio frequency (RF) energy harvesting market. IoT and wireless devices, which facilitate wireless communication and remote control functionalities, are witnessing increased adoption due to factors such as expanded internet connectivity and decreasing hardware costs. RF energy harvesting plays a crucial role in this ecosystem by generating electrical power from ambient sources such as radio frequency signals, powering specific circuits in wireless communication devices. For example, Ericsson reported a surge in global IoT connections, reaching 15.7 billion connections in 2023 and projected to grow by 16% to 38.9 billion connections by 2029. This uptrend underscores the pivotal role of RF energy harvesting in supporting the proliferation of IoT and wireless devices.
Key players in the RF energy harvesting market are driving advancements such as energy-harvesting Bluetooth to enhance the efficiency and sustainability of wireless communication and IoT devices. Energy-harvesting Bluetooth leverages Bluetooth technology in devices powered by harvested energy from sources such as solar, kinetic, or radio frequency, eliminating the need for traditional battery power. For instance, Globalscale Technologies Inc. introduced the energy-harvesting Bluetooth LE 5.3 module in October 2023, featuring the low-power ATM33/e Series SoC from Atmosic Technologies. This module, named GTI-ATM3330e, integrates Bluetooth 5.3-compliant radio with an ARM Cortex M33F application processor and advanced power management for optimal battery life in devices.
In June 2021, Energous Corporation collaborated with Atmosic Technologies to achieve interoperability for RF energy harvesting technology. This collaboration aims to integrate Atmosic's M3 Series chipset with Energous' WattUp RF-based wireless charging technology, harnessing radio frequency power for wireless charging applications. Atmosic Technologies, a semiconductor company specializing in RF energy harvesting solutions, brings expertise in developing efficient and sustainable solutions for wireless communication devices. This collaboration underscores the industry's commitment to advancing RF energy harvesting technology and its integration into the IoT and wireless device ecosystem.
Major companies operating in the radio frequency (RF) energy harvesting market are ZF Friedrichshafen AG, Arrow Electronics Inc., ABB Limited, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Texas Instruments Incorporated , NXP Semiconductors N.V., Microchip Technology Inc, Cadence Design Systems Inc., Silicon Laboratories Inc., Mouser Electronics Inc., PowerFilm Inc., Everactive Inc, Enocean GmbH, Mide Technology Corp, Drayson Technologies Ltd, Nikola Labs Inc., Powercast Corp, Sodaq B.V., ONiO, Micropelt GmbH, e-peas S.A., Wiliot Inc
North America was the largest region in the radio frequency (RF) energy harvesting market in 2023. The regions covered in the radio frequency (RF) energy harvesting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the radio frequency (RF) energy harvesting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The radio frequency (RF) energy harvesting market consists of revenues earned by entities by providing services such as real-time data monitoring, predictive maintenance, and environmental analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. The radio frequency (RF) energy harvesting market also includes sales of RF-to-DC converters, RF transducers, metamaterial-based harvesters, and hybrid RF harvesting systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Radio Frequency (RF) Energy Harvesting Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on radio frequency (RF) energy harvesting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for radio frequency (RF) energy harvesting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The radio frequency (RF) energy harvesting market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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