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The wireless charging ic global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Wireless Charging IC Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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..
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Scope Of Wireless Charging IC Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Wireless Charging IC Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
Asia-Pacific was the largest region in the wireless charging IC market in 2023. The regions covered in the wireless charging ic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the wireless charging ic market report are NXP Semiconductors N.V., Broadcom Corporation, Toshiba Corporation, Semiconductor Components Industries LLC, Qualcomm Inc., Texas Instruments Inc., ROHM Semiconductor, Vishay Intertechnology Inc., Analog Devices Inc., MediaTek Inc., Integrated Device Technology Inc., Infineon Technologies AG, STMicroelectronics, Semtech Corporation, Samsung Electronics Co. Ltd., Elix Wireless Inc., Zens GmbH, Devicers Inc., Powermatters Inc., WiTricity Corporation, Plugless Power Inc., Energizer Holdings Inc., Eaton Corporation plc, LG Electronics Inc., Sharp Corporation, Panasonic Corporation, Sony Group Corporation, TCL Corporation, Xiaomi Corporation, Huawei Technologies Co. Ltd. .
Table of Contents
1. Executive Summary
2. Wireless Charging IC Market Report Structure
3. Wireless Charging IC Market Trends And Strategies
4. Wireless Charging IC Market – Macro Economic Scenario
5. Wireless Charging IC Market Size And Growth
…..
27. Wireless Charging IC Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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