Global Wireless Charging IC Market Size and Forecast 2024-2033|NXP Semiconductors N.V., Broadcom Corporation, Toshiba Corporation, Semiconductor Components Industries LLC, Qualcomm Inc

wireless charger disassembled from the inside, wireless charging induction coil

The Wireless Charging IC by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Wireless Charging IC, The wireless charging ic market size has grown exponentially in recent years. It will grow from $3.49 billion in 2023 to $4.25 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to eco-friendly solutions, automotive integration, market competition and innovation, increased focus on convenience, industry standards development.

The wireless charging ic market size is expected to see exponential growth in the next few years. It will grow to $8.99 billion in 2028 at a compound annual growth rate (CAGR) of 20.6%. The growth in the forecast period can be attributed to market competition and cost optimization, eco-friendly solutions, rise in electric vehicle adoption, standardization and interoperability, advancements in charging efficiency.. Major trends in the forecast period include miniaturization and increased integration, compatibility across devices, rapid charging and efficiency, advancements in power delivery, adoption in diverse industries.

The higher penetration of smartphones and smartwatches is expected to propel the growth of the wireless charging IC market going forward. A smartwatch is a type of wearable device that looks similar to a wristwatch or other type of timepiece, whereas a smartphone is a mobile phone with computer features that allow users to send and receive emails, access the internet, and communicate with other computerized systems. Numerous electronics, including smartphones, smartwatches, wearables, computers, and others, can be charged wirelessly. The market is expected to grow as wireless charging of smartphones and smartwatches necessitates the use of wireless charging ICs. For instance, according to a report published by Uswitch Limited, a UK-based online and telephone comparison, and switching service, in 2022, 71.8 million mobile connections were active. There will be 68.3 million people living in the UK by 2025, and 95% of them will have smartphones in their hands. Therefore, higher penetration of smartphones and smartwatch fuels will drive the growth of the wireless charging IC market.

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The wireless charging ic market covered in this report is segmented –

1) By Type: Receiver IC, Transmitter IC

2) By Power Range: Low Range, Medium Range, High Range

3) By Application: Smartphones, Tablets, Medical Devices, Wearable Electronic Devices, Other Applications

4) By Industry Vertical: Consumer Electronics, Automotive, IT and Telecommunication, Oil and Gas, Mining, Healthcare, Other Industry Verticals

Technological advancements have emerged as a key trend gaining popularity in the wireless charging IC market. Major companies operating in the wireless charging IC market are focused on developing advanced technologies and solutions to strengthen their position in the market. For instance, in October 2021, Spark Connected, a US-based wireless power technology firm, launched The Beast 2.0, which is an automotive in-cabin wireless charging solution with TDK’s (TDK Corporation, a Japan-based electronics corporation) newest pattern coil technology. The new Beast 2.0 is a Qi v1.3-compliant 15-watt car in-cabin wireless charging solution. With continuous charging even during vehicle stop/start events, it offers a wide input supply range, and improved user safety features such as Foreign Object Detection.

The wireless charging ic market report table of contents includes:

1. Executive Summary

2. Wireless Charging IC Market Characteristics

3. Wireless Charging IC Market Trends And Strategies

4. Wireless Charging IC Market – Macro Economic Scenario

5. Global Wireless Charging IC Market Size and Growth

26. South America Wireless Charging IC Market

27. Brazil Wireless Charging IC Market

28. Middle East Wireless Charging IC Market

29. Africa Wireless Charging IC Market

30. Wireless Charging IC Market Competitive Landscape And Company Profiles

Top Major Players: