Wireless Charging ICs Market in Healthcare Sector Expected to Witness A High Industry Growth by 2024| Qualcomm, Inc., NXP Semiconductors Texas Instruments, Inc., Broadcom Corp., MediaTek, Inc., Toshiba Corp., ROHM Semiconductor, On Semiconductor, Integrat
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The growing demand for miniaturized components in several electronic devices is augmenting the wireless charging ICs market growth. Several advantages provided by the miniaturization of the components are portability, reduction in cost, energy, and material consumption. It also enhances the configuration & design, sensing & control, and the fabrication of the devices. Electronic components, such as semiconductors, capacitors, chips, and electronic circuits, are being manufactured in small sizes to offer portable and slim shapes to electronic devices.
The growing demand for electric vehicles in the automobile industry is expected to drive the wireless charging ICs market growth. The integration of these components into electric vehicles will provide advanced charging features, which will drive the wireless charging ICs market growth. Manufacturers of these components will then target their offerings to the automobile industry. With the growing adoption of these vehicles in the future due to several air pollution initiatives by governments, component manufacturers will experience a high demand in the industry creating new opportunities for the wireless charging ICs market.
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The healthcare sector is expected to witness a high industry growth over the forecast timespan in the wireless charging ICs market. The growing demand for wearable devices in the sector is increasing rapidly. The integration of the technology with these devices is providing the customers to use these products even when it is in the charging condition. Fitness bands, which are used by sportspersons do not need the charging chords and wire. Several medical devices, which are integrated with this feature are neuro simulators and pacemakers.
Key players operating in the wireless charging ICs market are Qualcomm, Inc., NXP Semiconductors Texas Instruments, Inc., Broadcom Corp., MediaTek, Inc., Toshiba Corp., ROHM Semiconductor, On Semiconductor, Integrated Device Technology, Inc., WÜRTHELEKTRONIK GMBH & CO. KG, ROHM Semiconductor, Vishay Intertechnology, Inc., TDK Corporation, Elytone Electronic Co., Ltd., Linear Technology, among others.
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