What Has Been The Evolution of the Radio Frequency RF Energy Harvesting Market in Recent Years?
The radio frequency rf energy harvesting market has seen considerable growth due to a variety of factors.
• There has been a tremendous expansion in the market size of radio frequency (RF) energy harvesting in the past years. The market valuation is set to escalate from $21.8 billion in 2024 to $28.06 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 28.7%.
Factors contributing to this remarkable growth in the past span include the widespread adoption of wireless communication technologies, increasing worries about energy usage, the enhancement of interconnected devices and networks, heightened consciousness of environmental matters, and favoring policies, incentives, and guidelines encouraging energy competence.
What Is the Forecasted Market Size and Growth Rate for The Radio Frequency RF Energy Harvesting Market Size In The Coming Years?
The radio frequency rf energy harvesting market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for the radio frequency (RF) energy harvesting market to undergo significant expansion in the coming years. By 2029, it's projected to reach $76.04 billion, equating to a compound annual growth rate (CAGR) of 28.3%.
The forecasted growth for this timeline is driven by several factors, including the increased usage of Internet of Things (IoT) devices, a surge in energy efficiency registers, wider adoption of wireless sensor networks, the evolution of smart cities, and a growth in the investments directed towards renewable energy. Within this growth period, prominent trends will revolve around enhancements in efficiency, the development of smart buildings, a strong emphasis on environmental sustainability, integration with wireless communication protocols, as well as a move towards more compact and integrated electronic devices.
What Factors Are Driving Growth In The Radio Frequency RF Energy Harvesting Market?
The expansion of the radio frequency (RF) energy harvesting market is anticipated to be fueled by the rising demand for IoT and wireless devices. IoT and wireless devices are interconnected units that can engage in wireless communication, facilitating the transfer of data and remote-control functionalities via the internet. Factors such as enhanced internet connectivity, adoption of IoT technology, and decreased hardware component costs contribute to the surge in demand for these devices. RF energy harvesting is employed to produce a small quantity of electric power, which is then used to operate specific circuits in wireless communication electronic devices. For example, SmartTek Solutions, a US-based software firm, reported in October 2023 that total IoT expenditure in 2022 was $1 trillion, which then escalated to $1.1 trillion. As a result, the escalating demand for IoT and wireless devices is the driving force behind the growth of the radio frequency (RF) energy harvesting market.
What Are The Main Segments Of The Global Radio Frequency RF Energy Harvesting Market?
The radio frequency (RF) energy harvesting market covered in this report is segmented –
1) By Component: Transducer, Photovoltaic And Electrodynamic, Thermoelectric And Radio Frequency (RF) transducer, Power Management Integrated Circuit, Secondary Battery
2) By Energy Source: Electric, Gravitational, Magnetic, Nuclear, Thermal, Chemical, Mechanical, Radiation
3) By Frequency Range: Low Frequency (<1 GHz), Medium Frequency (1-10 GHz), High Frequency (>10 GHz)
4) By Application: Wireless Switching System, Wireless Heating, Ventilation, And Air Conditioning (HVAC) System, Wireless Sensing And Telematics System, Tire Pressure Monitoring System, Asset Tracking System, Remote Health Monitoring System, Regenerative Energy Harvesting System
5) By End-User Industry: Electronics, Healthcare, Defense And Aerospace, Automotive, Telecommunications
Subsegments:
1) By Transducer: Piezoelectric Transducers, Electromagnetic Transducers, Other Types Of Transducers
2) By Photovoltaic And Electrodynamic: Photovoltaic Energy Harvesting Systems, Electrodynamic Energy Harvesting Systems
3) By Thermoelectric And Radio Frequency (RF) Transducer: Thermoelectric Energy Harvesting Systems, RF Energy Harvesting Systems
4) By Power Management Integrated Circuit (PMIC): Voltage Regulators, Power Converters, Other PMIC Components
5) By Secondary Battery: Lithium-Ion Batteries, Supercapacitors, Other Types Of Secondary Batteries
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How Are Emerging Trends Reshaping The Dynamics Of The Radio Frequency RF Energy Harvesting Market?
Significant corporations in the radio frequency (RF) energy harvesting sector are focusing on technological improvements, such as energy-harvesting bluetooth, to boost the efficiency and sustainability of wireless communication and IoT devices. Energy harvesting bluetooth involves the use of Bluetooth technology in devices that rely on energy harvested from the ambient environment, such as solar, kinetic, or radio frequency sources, instead of traditional battery power. For example, in October 2023, Globalscale Technologies Inc., a US-based IoT solutions provider, introduced the energy harvesting bluetooth LE 5.3 module that utilizes the super low-power ATM33/e Series SoC from Atmosic Technologies. This module, also known as the GTI-ATM3330e, integrates a Bluetooth 5.3-compliant radio with an ARM Cortex M33F application processor, 128KB of RAM, 64KB of ROM, 512 KB of nonvolatile memory (NVM), ARM TrustZone-enabled security measures, and cutting-edge power management to ensure maximum lifespan in battery-operated devices.
Who Are the Key Players In The Radio Frequency RF Energy Harvesting Market?
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
What Is The Most Dominant Region In The Radio Frequency RF Energy Harvesting Market?
North America was the largest region in the radio frequency (RF) energy harvesting market in 2024. 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.
