Global Wireless Charging IC Market Insights Forecasts To 2030

• The Global Wireless Charging IC Market Size was valued at USD 4.71 billion in 2021.
• The Worldwide Market Growth is growing at a CAGR of 23.86% from 2022 to 2030
• The Global Wireless Charging IC Market Share is expected to reach USD 26.47 billion by 2030
• The Asia Pacific is expected to grow the fastest during the forecast period

The Worldwide Wireless Charging IC Market Size is expected to reach USD 26.47 billion by 2030, at a CAGR of 23.86% during the forecast period 2022 to 2030. The rise in the demand for various IoT connected and e-train loaded vehicles like robots, forklifts, and portable devices are driving the overall demand of the global wireless charging IC market.

Market Overview

Wireless charging provided power to a portable device by electromagnetic induction. Power tools, vehicles, smartphones, smartwatches, medical devices, and electric toothbrushes are equipped with wireless charging features. These charging equipment are situated next to the charging station and the energy is transferred through wireless coupling. Wireless charging is anticipated to grow rapidly  within the forecast period. The device also provides electricity to portable gadgets by electromagnetic induction. Power equipment, vehicles, medical devices, and electric toothbrushes  are integrated with wireless charging capacities. These chips occupy less space which make the device light weight, compact, and help manufacturers in integrating other technology into the products.

Report Coverage

This research report categorizes the market for Wireless charging IC Camera marker based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Edge Computing market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Wireless Charging IC market.

Driving Factors

Wireless charging ICs are widely used in consumer electronics and automotive industry in applications like laptops, smartphones, tablets, smartwatch, and camera because it provides multiple device charging feature and is also energy efficient and offers durable solutions. This wireless charging solutions helps in protecting electrical connection by reducing the number of cables. In addition, it also improves the customer experience  by enabling miniaturization of devices. Apart from this, the integration of wireless IC in electronic devices also results in energy saving, high security, and material consumption which improves product quality standards in the industry. Furthermore, the introduction of reliable and sustainable technology is expected to improve the overall market growth. In addition, the improved customer convenience, electrical connections protection, and increased durability are the other driving factors which are expected to boost the market growth.

Restraining Factors

The onset of COVID 19 has disrupted the growth of the global wireless charging IC market because most of the industries like electronics and automotive facing challenges in logistics field.

Market Segmentation

• Power receiver to dominate the market with 19% CAGR.

On the basis of type, the global wireless charging IC market is segmented into receive IC and transmitter IC. Among these, the receiver wireless charging IC holds the maximum market share with the overall revenue of USD 1 billion in the year 2021. The main reason behind the growth of the market is its increasing usage in industrial applications like service robots, power tools, and drones. It is increasingly used in these devices due to certain features like high efficiency, compact design, and high flexibility.

• Low range segment holds the largest market share of 20% with the revenue of over USD 1 billion.

Based on power range, the global wireless charging IC market is segmented into low range, mid range, and high range. Among these, low range segment is dominating the market with the market share of 20% and revenue more than USD 1 billion in 2021. Multiple portable medical devices like hand held appliances, diagnostic tools, neuromodulation, and pacemakers  are integrated with low power wireless charging IC technology which provides fast charging facility. This helps the doctors to use the devices easily. In fact, various organizations are aiming to come up with new products owing toe increasing demand and gain a competitive edge in the market.

• Consumer electronics segment holds the largest market share of over 35%.

On the basis of application, the global wireless charging IC market is segmented into consumer electronics, medical, automotive, telecom, industrial, aerospace. Among these, consumer electronics segment dominates the market with the largest market share of over 35% in the year 2021 due to the rising demand of smart devices like smartwatches, smartphones, game consoles, and laptops.

Regional Segment Analysis of the Wireless Charging IC Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America emerged as the largest market for the global Wireless Charging IC market in 2021.

• In 2021, North America holds the largest market share owing to the increasing use of wireless charging electronic devices in the public sector. Apart from this, the rise in the demand of wireless charging in different consumer electronic products such as laptops, gaming consoles, tablets, desktops, televisions, and smartphones is also anticipated to boost the overall market in the region.

List of Key Companies

• NXP Semiconductors N.V.
• Samsung Electronics
• Qualcomm Inc.
• ROHM Semiconductor
• MediaTek
• Toshiba Corporation
• Broadcom Inc.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In February 2021, Renesas Electronic Corporation has acquired Dialog Semiconductor PLC, which is a power management and charging solution. The former is going to expand its product portfolio such as wireless charging IC technology, automotive power management IC, custom mixed signal ICs, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Wireless Charging IC market based on the below-mentioned segments:

Wireless Charging IC Market, By Type

• Receiver IC
• Transmitter IC

Wireless Charging IC Market, By Range

• Low range
• Mid range
• High range

Wireless Charging IC Market, By Application

• Consumer electronics
• Industrial
• Automotive
• Telecom
• Medical
• Aerospace
• Others

Wireless Charging IC Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa