Press release
Wireless Charging IC Market: Exponential Growth, Market Drivers and Key Trends
Wireless Charging IC Market Size
What Is The Projected Market Size Of The Global Wireless Charging IC Market And Its Growth Rate?
The wireless charging IC market has experienced substantial growth and is expected to continue this trend:
• Market size in 2024: $4.19 billion
• Projected market size in 2025: $5.06 billion (CAGR of 20.9%)
• Projected market size in 2029: $10.53 billion (CAGR of 20.1%)
What Is Driving The Growth In The Wireless Charging IC Market?
The substantial growth of the wireless charging IC market is attributed to the increasing penetration of smartphones and smartwatches. These devices, along with others, have adopted wireless charging methods necessitating the use of wireless charging ICs. For instance, in 2022, it was reported by Uswitch Limited that there were 71.8 million active mobile connections, with the number projected to rise significantly by 2025. As such, the ongoing proliferation of smartphones and smartwatches are key drivers for this market.
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Who Are the Key Players Driving Wireless Charging IC Market Growth?
The significant players in the wireless charging IC market include:
• NXP Semiconductors N.V.
• Broadcom Corporation
• Toshiba Corporation
• Qualcomm Inc.
• Texas Instruments Inc.
• ROHM Semiconductor
• Vishay Intertechnology Inc.
• Analog Devices Inc.
• MediaTek Inc.
• Integrated Device Technology Inc.
• Infineon Technologies AG
• STMicroelectronics
• Semtech Corporation
• Samsung Electronics Co. Ltd.
• Zens GmbH
• Devicers Inc.
• Eaton Corporation plc
• LG Electronics Inc.
• Sharp Corporation
• Panasonic Corporation
• Sony Group Corporation
• TCL Corporation
• Xiaomi Corporation
• Huawei Technologies Co. Ltd.
What Are The Key Trends In The Wireless Charging IC Market?
Emerging trends in the wireless charging IC market include:
• Increased miniaturization and integration
• Higher compatibility across devices
• Rapid charging and efficiency improvements
• Advancements in power delivery
• Widespread adoption in various industries
What Are The Segments Of The Global Wireless Charging IC Market?
The market can be segmented as follows:
• 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
Which Region Leads The Wireless Charging IC Market?
Asia-Pacific region held the largest share of the wireless charging IC market in 2024, with notable contributions from other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Wireless Charging IC Market Global Market Report?
- Market Size Analysis: Analyze the Wireless Charging IC Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wireless Charging IC Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Wireless Charging IC Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wireless Charging IC Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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