Wireless Charging ICs Market - Trends And Opportunities For The Industry By 2024

Wireless charging integrated circuits (ICs) are primarily used in wireless chargers to charge electronic devices. These chargers are based on English scientist Michael Faraday’s law of induced voltage, commonly followed in power generators, transformers, and motors. The wireless charging system primarily consists of two ICs - a transmitter and a receiver - both of which contain coils. The transmitter coil aids the transfer of power to the receiver coil through electromagnetic induction. Multiple coils in the transmitter IC can help generate higher amounts of power, resulting in rapid charging. This speed is dependent on the receiver IC’s capacity to receive higher amounts of power. The receiver IC, with the support of diode rectifiers and ceramic output capacitors, rectifies and filters this power prior to charging the battery. It is generally equipped to control the amount of voltage and charging current and to stop receiving power when the battery is fully charged. Currently, wireless chargers are manufactured by following either the wireless power consortium’s (WPC) Qi standard or the power matter alliance’s (PMA) standard. Some ICs conform to both. Recently, alliance for wireless power (A4WP) and PMA merged to form Airfuel Alliance, a new benchmark for wireless charging devices.

The market for wireless charging ICs is expanding at a steady pace, owing to the various advantages offered by wireless charging systems over traditional wired ones. The former provide the user with the freedom to position their device by placing it on the charging system with any orientation of their choice. Additionally, the device can also be configured to charge other compatible devices. Wireless charging systems are convenient for the general public to charge their devices in the public access charging kiosks of establishments such as airports, shopping malls, and railway stations. They are yet to be accepted on a mass scale, mainly due to their compatibility issues with target devices. However, an increasing number of devices have been integrating wireless charging ICs in view of a growing homogeneity among standards. Considering the overall impact of the above mentioned factors, the market for wireless charging ICs is expected to witness evolution during the forecast period.

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The market has been divided on the basis of type into the transmitter IC and receiver IC categories, with the latter having been a major segment in 2015, owing to its application in a considerable number of consumer electronic devices. In terms of standard, the market is split into three varieties: Qi, PMA, and others. Qi-conforming ICs are commonly used for mobile device charging systems and were therefore prominent in 2015. Applications of this product include smart phones, tablets, wearable devices, surgical tools, cordless industrial instruments, computer accessories, and others. It is employed in the automotive, consumer electronics, industrial, health care, and other end-use industries. Finally, by geography, the global wireless charging ICs market is distributed over North America, Europe, Asia Pacific (APAC), South America, and Middle-East & Africa (MEA). Based on revenue, Asia Pacific had a major share in the market in 2015, followed by North America and Europe, on account of the growing number of manufacturing units and burgeoning smart consumer electronics market.

Key players in the market include Texas Instruments, Inc., Integrated Device Technology, Inc., Texas Instruments, Inc., Vishay Intertechnology, Inc., and ON Semiconductor in the U.S.; NXP Semiconductors Netherlands B.V. in the Netherlands, Toshiba Corporation, TDK Corporation, and ROHM Semiconductor in Japan; Würth Elektronik GmbH & Co. KG in Germany, Amotech Co. Ltd. in South Korea, and Elytone Electronic Co, Ltd. in Taiwan.

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