Wireless Charging ICs Market By Type (Transmitter and Receiver), By Substrate (Organic and Inorganic), By Component (Relays, Circuit Breakers, and Power Solution), and By Application (Tablets and Smartphones, Medical Devices, Wearable Electronics Devices, Automobile Devices, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global wireless charging ICs market expected to reach approximately USD 12.3 billion by 2025, at a CAGR of 24.2% between 2019 and 2025. The wireless charging ICs market globally is likely to experience notable growth in the years ahead, owing to the various advancements witnessed in technology.

12-Aug-2019 | Number of pages: 186 | Report Code: ZMR-3606 | Report Format : | Status : Published

Analysis

The wireless charging ICs market globally is likely to experience notable growth in the years ahead, owing to the various advancements witnessed in technology. Moreover, the increase in the number of wireless charging ICs applications in medical, automobile, and electronic devices will further drive the market for wireless charging ICs over the upcoming years. Subsequently, the use of wireless charging ICs in wearable products like smartwatches, electric trimmers, mobile phones, tablets, and smart glasses is another factor contributing to the wireless charging ICs market growth. In recent years, portable consumer goods like different electronic devices have become an integral part of an individual’s life across the world. Significant growth can be observed and estimated in the wireless charging ICs market globally, due to the rising demand for smartphones, laptops, digital cameras, and tablets. However, the wireless charging ICs market may be hampered due to duplication of products, which has led to the loss of customers’ trust. Alternatively, substantial technological developments in terms of compact and miniature designs of electronic devices are likely to offer multiple growth opportunities to the wireless charging ICs market globally.

By type, the wireless charging ICs market is fragmented into receiver and transmitter ICs. Receiver ICs are anticipated to witness notable demand for wireless charging ICs, owing to their compact design, flexibility, and efficiency. These elements are united into several devices like smartwatches, smartphones, tablets, and laptops. Thus, to serve the growing demands and specifications of customers, various component manufacturers are developing new technologies. One such example is Belkin, the U.S.-based manufacturer. In April 2018, the company launched a wireless charging pad for Apple products. Moreover, aerospace and healthcare industries are anticipated to provide lucrative growth opportunities to the players operating in the wireless charging ICs market.

Global Wireless Charging ICs Market

The Asia Pacific region is expected to grow notably in the wireless charging ICs markets globally in the years ahead, owing to the rising demand for smartphones across the region. Countries like India, Japan, and China are the major locations for the wireless charging ICs market in the region. The demand for wireless charging ICs in the Middle East and Africa is expected to rise, due to the increasing product adoption in various medical devices across the region.

Some prominent players of the global wireless charging ICs market are Broadcom, Qualcomm Incorporated, Texas Instruments, Toshiba Corp., On Semiconductor, NXP Semiconductors, Vishay Intertechnology, MediaTek, Linear Technology, and ROHM Semiconductor.

 


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