Wireless Charging ICs Market is Booming Worldwide with Key Players: Qualcomm, NXP Semiconductors Texas Instruments., Broadcom, MediaTek, Toshiba, ROHM Semiconductor, On Semiconductor

Global Market Insights recently introduced report on global Wireless Charging ICs Market report is an in-depth study providing complete analysis of the industry for the period 2019 to 2025. It provides complete overview of the industry considering all the major industry trends, market dynamics and competitive scenario.

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. Such enhancements and innovations in the semiconductor industry are projected to propel the wireless charging ICs industry.

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The major manufacturers covered in this report: -
• 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

The high price of these components is restricting the growth of wireless charging ICs market. The integration of several electronic components, such as transmitters, receivers, and controllers, into these chips, which is very costly to manufacture is the restraining factor in the wireless charging ICs industry. With the increase in competition among the smart devices manufacturers to provide this feature in their offerings, the prices of the devices will come down, growing the demand for these chips in the industry. Several smartphone developers, such as Apple and Samsung, are offering such devices, which have a very high retail price. Moreover, these features are provided in their higher models, which is not affordable to the low-income group.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/wireless-charging-ics-market

Receiver ICs are expected to witness a high growth in the wireless charging ICs market. Several advantages offered by the integration of these components include high efficiency, flexibility, and compact design, which will enhance the physical size and the battery life of the devices. These components are integrated into several devices such as tablets, smartphones, smart watches, and several other related accessories. Several component manufacturers are developing new technologies to cater to the demand and specifications of the customer. For instance, Integrated Device Technology, Inc. is offering a dual-mode wireless power receiver IC, which is highly compatible and offers seamless operation for everyday use. These additional features of the component are expanding the industry share of receiver circuits in the wireless charging ICs market.

Asia Pacific holds a high industry share in the wireless charging ICs market among other regions. The growing demand for consumer electronic devices, such as smartphones and smart wearables in the region, is expected to drive the wireless charging ICs market growth. Manufacturers of these components are targeting their products for the consumer electronics market, encouraging developers of smart devices to integrate these components into their devices. Furthermore, incorporating medical devices with these components ensures efficiency and productivity thereby having a high potential for growth, providing an opportunity to the manufacturers. This will spur the growth of the wireless charging ICs market in the future.

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