What’s Driving the Wireless Charging ICs Market Trends? Key Players - Qualcomm, NXP Semiconductors Texas Instruments, Broadcom, MediaTek, Toshiba, ROHM Semiconductor, On Semiconductor, Integrated Device Technology

Global Market Insights recently added a detailed Wireless Charging ICs Market research study across the global, regional and country level. The report provides 360° analysis from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global market and estimates the future trend of the industry based on this detailed study.

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 key players covered in this study: -
1. Qualcomm Inc.
2. NXP Semiconductors Texas Instruments Inc.
3. Broadcom Corp.
4. MediaTek Inc.
5. Toshiba Corp.
6. ROHM Semiconductor
7. On Semiconductor
8. Integrated Device Technology Inc.
9. WÃœRTHELEKTRONIK GMBH & CO. KG
10. ROHM Semiconductor
11. Vishay Intertechnology Inc.
12. TDK Corporation
13. Elytone Electronic Co. Ltd.
14. Linear Technology

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.

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 industry 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 industry.

The rise in the demand for these components in smart devices, such as smartphones and smartwatches, is contributing substantially to the growth of wireless charging ICs market. Smart devices are integrated with these chips to provide desirable shapes and additional features & functions, which will improve the performance of the products such as sensors. Several smartphone manufacturers, such as iPhone and Samsung, are providing this function in their offerings. Apple’s iPhone 8, iPhone X, Sony Xperia XZ3, and LG are some of the mobile phones integrated with these chips. Similarly, Samsung’s S7, S7 edge, S6, Note 5, and Note 7 are some of the devices, which are offering this feature to the customers. This is eventually growing the demand for these chips in the wireless charging ICs market.

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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 industry 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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