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Major Growth Driver Identified in 2025 Wireless Charging IC Market: Smartphone And Smartwatch Proliferation Driving Growth In Wireless Charging Ic Market
Wireless Charging IC
Wireless Charging IC Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The wireless charging IC market size has grown exponentially in recent years. It will grow from $4.19 billion in 2024 to $5.06 billion in 2025 at a compound annual growth rate (CAGR) of 20.9%. The growth in the historic period can be attributed to eco-friendly solutions, automotive integration, market competition and innovation, increased focus on convenience, industry standards development.
Wireless Charging IC Market Size Forecast: What's the Projected Valuation by 2029?
The wireless charging IC market size is expected to see exponential growth in the next few years. It will grow to $10.53 billion in 2029 at a compound annual growth rate (CAGR) of 20.1%. The growth in the forecast period can be attributed to market competition and cost optimization, eco-friendly solutions, rise in electric vehicle adoption, standardization and interoperability, advancements in charging efficiency. Major trends in the forecast period include miniaturization and increased integration, compatibility across devices, rapid charging and efficiency, advancements in power delivery, adoption in diverse industries.
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What Are the Drivers Transforming the Wireless Charging IC Market?
The higher penetration of smartphones and smartwatches is expected to propel the growth of the wireless charging IC market going forward. A smartwatch is a type of wearable device that looks similar to 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. Numerous electronics, including smartphones, smartwatches, wearables, computers, and others, can be charged wirelessly. The market is expected to grow as wireless charging of smartphones and smartwatches necessitates the use of wireless charging ICs. For instance, in February 2024, according to a report published by Uswitch Limited, a UK-based online and telephone comparison, and switching service, in 2022, 71.8 million mobile connections were active. There will be 68.3 million people living in the UK by 2025, and 95% of them will have smartphones in their hands. Therefore, higher penetration of smartphones and smartwatch fuels will drive the growth of the wireless charging IC market.
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What Long-Term Trends Will Define the Future of the Wireless Charging IC Market?
Technological advancements have emerged as a key trend gaining popularity in the wireless charging IC market. 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 June 2023, indie Semiconductor, a US-based automotive semiconductor company, launched an integrated automotive wireless power charging system-on-chip (SoC) that provides the highest level of integration in the industry. The iND87200 streamlines and expedites the creation of cost-effective wireless power consortium (WPC) 'Qi'-compliant in-cabin portable device charging solutions. The iND87200 dual-core architecture has an Arm Cortex M4F CPU with 2MB of integrated Flash and 256kB of SRAM, as well as a specialized Arm Cortex M0 processor for the wireless protocol stack.
Which Segments in the Wireless Charging IC Market Offer the Most Profit Potential?
The wireless charging ic market covered in this report is segmented -
1) By Type: Receiver IC, Transmitter IC
2) By Power Range: Low Range, Medium Range, High Range
3) By Application: Smartphones, Tablets, Medical Devices, Wearable Electronic Devices, Other Applications
4) By Industry Vertical: Consumer Electronics, Automotive, IT And Telecommunication, Oil And Gas, Mining, Healthcare, Other Industry Verticals
Subsegments:
1) By Receiver IC: Single Coil Receiver IC, Multi-Coil Receiver IC, Low-Power Receiver IC
2) By Transmitter IC: Single Coil Transmitter IC, Multi-Coil Transmitter IC, High-Power Transmitter IC
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Which Firms Dominate the Wireless Charging IC Market by Market Share and Revenue in 2025?
Major companies operating 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.
Which Regions Offer the Highest Growth Potential in the Wireless Charging IC Market?
Asia-Pacific was the largest region in the wireless charging IC market in 2024. The regions covered in the wireless charging ic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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