Press release
Wireless Charging IC Market 2023 : By Size, Forthcoming Trends, Share Analysis And Outlook By 2032
Wireless Charging IC Market
The Business Research Company's Wireless Charging IC Global Market Report 2023 identifies higher penetration of smartphones and smartwatches as the major driver for the Wireless Charging IC market's growth in the forecast period. A smartwatch is a type of wearable device that looks like a wristwatch or other type of timepiece, whereas a smartphone is a mobile phone with computer features that allow users to send and receive emails, access the internet, and communicate with other computerized systems.
The global wireless charging IC market size is expected to grow from $2.86 billion in 2022 to $3.48 billion in 2023 at a compound annual growth rate (CAGR) of 21.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wireless charging IC market size is expected to grow to $7.37 billion in 2027 at a CAGR of 20.6%.
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Major competitors in the Wireless Charging IC market are NXP Semiconductors, Broadcom Corporation, Toshiba Corporation, Semiconductor Components Industries LLC.
A key trend in the Wireless Charging IC market includes technological advancements. Major companies operating in the wireless charging IC market are focused on developing advanced technologies and solutions to strengthen their position in the market. For instance, in October 2021, Spark Connected, a US-based wireless power technology firm, launched The Beast 2.0, which is an automotive in-cabin wireless charging solution with TDK's (TDK Corporation, a Japan-based electronics corporation) newest pattern coil technology. The new Beast 2.0 is a Qi v1.3-compliant 15-watt car in-cabin wireless charging solution. With continuous charging even during vehicle stop/start events, it offers a wide input supply range, and improved user safety features such as Foreign Object Detection.
Read More On The Global Wireless Charging IC Market Report Here:
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The Wireless Charging IC market is segmented -
• By Type: Receiver IC, Transmitter IC
• By Power Range: Low Range, Medium Range, High Range
• By Application: Smartphones, Tablets, Medical Devices, Wearable Electronic Devices, Other Applications
• By Industry Vertical: Consumer Electronics, Automotive, IT and Telecommunication, Oil and Gas, Mining, Healthcare, Other Industry Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Wireless Charging IC market.
The Business Research Company's "Global Wireless Charging IC Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Wireless Charging IC Market Include:
1. Executive Summary
2. Wireless Charging IC Market Characteristics
3. Wireless Charging IC Market Trends And Strategies
4. Wireless Charging IC Market - Macro Economic Scenario
5. Wireless Charging IC Market Size And Growth
………………………………….
26. Africa Wireless Charging IC Market
27. Wireless Charging IC Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wireless Charging IC Market
29. Wireless Charging IC Market Future Outlook and Potential Analysis
30. Appendix
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