Wireless Charging Ics Market
Wireless Charging ICs Market Forecasts to 2030 - Global Analysis By Type (Transmitter ICs and Receiver ICs), By Component (Power Management Unit, Oscillator, Rectifier and Other Components), Power Rating, Coupling Technology, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $6.9 BN |
|
Projected Year Value (2030) |
US $27.7 BN |
|
CAGR (2023-2030) |
21.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Wireless Charging ICs Market is accounted for $6.9 billion in 2023 and is expected to reach $27.7 billion by 2030 growing at a CAGR of 21.8% during the forecast period. Wireless charging ICs (Integrated Circuits) are semiconductor components that facilitate the transfer of power wirelessly from a charging pad or transmitter to a compatible device such as smartphones, wearables, or electric vehicles. These ICs manage the conversion of electrical energy into the appropriate form for efficient wireless charging, enabling convenient and cable-free power transfer for modern electronic devices.
According to the Mobile Economy report 2022, 75% of the world's population has smartphone connection which is expected to reach 84% by 2025.
Market Dynamics:
Driver:
Increasing adoption of electric vehicles (EVs) and smart devices
The demand for EVs and smart devices is rising globally, and there is a corresponding need for efficient and convenient charging solutions. Wireless charging ICs offer the advantage of eliminating the hassle of cables and providing a seamless and user-friendly charging experience. This trend fuels the development and deployment of wireless charging technology, driving innovation in the market and leading to its sustained growth and expansion.
Restraint:
High initial setup costs and infrastructure requirements
Implementing wireless charging technology necessitates investment in specialized charging pads, transmitters, and receivers, adding to the overall cost of adoption for both consumers and businesses. Moreover, the installation of infrastructure for widespread deployment in public spaces or workplaces requires additional investment. These initial costs may deter some potential adopters, limiting market growth.
Opportunity:
Rising demand for wireless charging devices
As consumers increasingly prefer the convenience and flexibility of wireless charging solutions for their smartphones, wearables, and other electronic devices, there is a growing need for advanced wireless charging ICs. This trend is further fueled by the integration of wireless charging capabilities into various industries, such as automotive, healthcare, and consumer electronics. As a result, there is considerable market potential for manufacturers of wireless charging ICs to meet the surging demand and drive innovation in this space.
Threat:
Competition from established wired charging solutions
Wired charging solutions are already widely adopted and offer fast and reliable charging capabilities. Many consumers and industries may be hesitant to switch to wireless alternatives due to concerns about compatibility, charging speed, and reliability. Additionally, the existing infrastructure for wired charging is extensive, making it challenging for wireless charging to gain widespread acceptance rapidly.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the wireless charging ICs market due to supply chain disruptions and decreased consumer spending on non-essential devices. However, the market eventually rebounded as remote working and increased reliance on electronic devices accelerated demand for wireless charging solutions. Additionally, the shift towards contactless technologies further boosted the adoption of wireless charging ICs in various industries.
The receiver ICs segment is expected to be the largest during the forecast period
Receiver ICs play a crucial role in wirelessly receiving power from transmitters, enabling devices to charge efficiently. With the increasing adoption of wireless charging in smartphones, wearables, and other consumer electronics, the demand for receiver ICs is expected to soar. Additionally, advancements in receiver IC technology, such as improved efficiency and compatibility, further contribute to its market leadership position.
The high power segment is expected to have the highest CAGR during the forecast period
In the wireless charging ICs market, the high-power segment is projected to experience the highest CAGR during the forecast period. This growth is driven by the increasing demand for fast and efficient charging solutions, particularly in industries such as automotive and consumer electronics. Moreover, high-power wireless charging ICs offer faster charging speeds and are capable of charging larger devices, such as electric vehicles and laptops, thus catering to the evolving needs of consumers and industries.
Region with largest share:
North America is positioned to sustain its leadership in the wireless charging ICs market due to several factors. The region benefits from strong technological innovation, robust infrastructure, and widespread adoption of smart devices across various sectors. Additionally, increasing investments in electric vehicle infrastructure and the presence of key market players contribute to North America's dominance. Furthermore, supportive government initiatives and favorable regulations regarding wireless technology adoption further enhance the region's competitiveness in the global market landscape.
Region with highest CAGR:
Asia Pacific is poised for rapid growth in the wireless charging ICs market. The region is home to major manufacturing hubs and a burgeoning consumer electronics market, driving demand for wireless charging solutions. Additionally, increasing smartphone penetration, the adoption of electric vehicles and government initiatives supporting renewable energy and technology innovation further contribute to the market's expansion. Moreover, the presence of key players and ongoing technological advancements in countries like India, China, Japan, and South Korea fuel market growth in the region.
Key players in the market
Some of the key players in Wireless Charging ICs Market include Analog Devices, Broadcom Inc., Dialog Semiconductor, indie Semiconductor, Infineon Technologies, MediaTek, NXP Semiconductors, ON Semiconductor, Panasonic Corporation, Power Integrations, Qualcomm Technologies, Renesas Electronics Corporation, ROHM Semiconductor, Samsung Electronics, Semtech Corporation, STMicroelectronics, TDK Corporation, Texas Instruments and Vishay Intertechnology.
Key Developments:
In June 2023, indie Semiconductor, an Autotech solutions innovator, has launched an integrated automotive wireless power charging system-on-chip (SoC) that offers the industry’s highest level of integration. The iND87200 simplifies and accelerates the development of cost-effective WPC ‘Qi’-based in-cabin portable device charging designs.
In May 2023, Infineon Unwraps Wireless Power Transmitter IC for up to 50 W Charging. Released in time for PCIM Europe, the new chip's integrated approach is aimed at enabling easier and more-cost-efficient wireless charging designs. The WLC1150 transmitter features include flexible thermal management options, low EMI, integrated adaptive foreign object detection (FOD), and more.
Types Covered:
• Transmitter ICs
• Receiver ICs
Components Covered:
• Power Management Unit
• Oscillator
• Rectifier
• Other Components
Power Ratings Covered:
• Low Power (<5W)
• Medium Power (5W-15W)
• High Power (>15W)
Coupling Technologies Covered:
• Inductive Charging
• Capacitive Charging
• Radio Frequency (RF) Charging
Applications Covered:
• Consumer Electronics
• Automotive
• Healthcare
• Industrial
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Wireless Charging ICs Market, By Type
5.1 Introduction
5.2 Transmitter ICs
5.3 Receiver ICs
6 Global Wireless Charging ICs Market, By Component
6.1 Introduction
6.2 Power Management Unit
6.3 Oscillator
6.4 Rectifier
6.5 Other Components
7 Global Wireless Charging ICs Market, By Power Rating
7.1 Introduction
7.2 Low Power (<5W)
7.3 Medium Power (5W-15W)
7.4 High Power (>15W)
8 Global Wireless Charging ICs Market, By Coupling Technology
8.1 Introduction
8.2 Inductive Charging
8.2.1 Resonant Inductive Charging
8.2.2 Non-Resonant Inductive Charging
8.3 Capacitive Charging
8.4 Radio Frequency (RF) Charging
9 Global Wireless Charging ICs Market, By Application
9.1 Introduction
9.2 Consumer Electronics
9.2.1 Smartphones
9.2.2 Tablets
9.2.3 Wearables
9.2.4 Laptops
9.3 Automotive
9.3.1 Electric Vehicles (EVs)
9.3.2 Hybrid Electric Vehicles (HEVs)
9.3.3 Electric Bicycles
9.4 Healthcare
9.4.1 Medical Devices
9.4.2 Wearable Health Monitors
9.5 Industrial
9.5.1 Manufacturing Equipment
9.5.2 Robotics
9.6 Other Applications
10 Global Wireless Charging ICs Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Analog Devices
12.2 Broadcom Inc.
12.3 Dialog Semiconductor
12.4 indie Semiconductor
12.5 Infineon Technologies
12.6 MediaTek
12.7 NXP Semiconductors
12.8 ON Semiconductor
12.9 Panasonic Corporation
12.10 Power Integrations
12.11 Qualcomm Technologies
12.12 Renesas Electronics Corporation
12.13 ROHM Semiconductor
12.14 Samsung Electronics
12.15 Semtech Corporation
12.16 STMicroelectronics
12.17 TDK Corporation
12.18 Texas Instruments
12.19 Vishay Intertechnology
List of Tables
1 Global Wireless Charging ICs Market Outlook, By Region (2021-2030) ($MN)
2 Global Wireless Charging ICs Market Outlook, By Type (2021-2030) ($MN)
3 Global Wireless Charging ICs Market Outlook, By Transmitter ICs (2021-2030) ($MN)
4 Global Wireless Charging ICs Market Outlook, By Receiver ICs (2021-2030) ($MN)
5 Global Wireless Charging ICs Market Outlook, By Component (2021-2030) ($MN)
6 Global Wireless Charging ICs Market Outlook, By Power Management Unit (2021-2030) ($MN)
7 Global Wireless Charging ICs Market Outlook, By Oscillator (2021-2030) ($MN)
8 Global Wireless Charging ICs Market Outlook, By Rectifier (2021-2030) ($MN)
9 Global Wireless Charging ICs Market Outlook, By Other Components (2021-2030) ($MN)
10 Global Wireless Charging ICs Market Outlook, By Power Rating (2021-2030) ($MN)
11 Global Wireless Charging ICs Market Outlook, By Low Power (<5W) (2021-2030) ($MN)
12 Global Wireless Charging ICs Market Outlook, By Medium Power (5W-15W) (2021-2030) ($MN)
13 Global Wireless Charging ICs Market Outlook, By High Power (>15W) (2021-2030) ($MN)
14 Global Wireless Charging ICs Market Outlook, By Coupling Technology (2021-2030) ($MN)
15 Global Wireless Charging ICs Market Outlook, By Inductive Charging (2021-2030) ($MN)
16 Global Wireless Charging ICs Market Outlook, By Resonant Inductive Charging (2021-2030) ($MN)
17 Global Wireless Charging ICs Market Outlook, By Non-Resonant Inductive Charging (2021-2030) ($MN)
18 Global Wireless Charging ICs Market Outlook, By Capacitive Charging (2021-2030) ($MN)
19 Global Wireless Charging ICs Market Outlook, By Radio Frequency (RF) Charging (2021-2030) ($MN)
20 Global Wireless Charging ICs Market Outlook, By Application (2021-2030) ($MN)
21 Global Wireless Charging ICs Market Outlook, By Consumer Electronics (2021-2030) ($MN)
22 Global Wireless Charging ICs Market Outlook, By Smartphones (2021-2030) ($MN)
23 Global Wireless Charging ICs Market Outlook, By Tablets (2021-2030) ($MN)
24 Global Wireless Charging ICs Market Outlook, By Wearables (2021-2030) ($MN)
25 Global Wireless Charging ICs Market Outlook, By Laptops (2021-2030) ($MN)
26 Global Wireless Charging ICs Market Outlook, By Automotive (2021-2030) ($MN)
27 Global Wireless Charging ICs Market Outlook, By Electric Vehicles (EVs) (2021-2030) ($MN)
28 Global Wireless Charging ICs Market Outlook, By Hybrid Electric Vehicles (HEVs) (2021-2030) ($MN)
29 Global Wireless Charging ICs Market Outlook, By Electric Bicycles (2021-2030) ($MN)
30 Global Wireless Charging ICs Market Outlook, By Healthcare (2021-2030) ($MN)
31 Global Wireless Charging ICs Market Outlook, By Medical Devices (2021-2030) ($MN)
32 Global Wireless Charging ICs Market Outlook, By Wearable Health Monitors (2021-2030) ($MN)
33 Global Wireless Charging ICs Market Outlook, By Industrial (2021-2030) ($MN)
34 Global Wireless Charging ICs Market Outlook, By Manufacturing Equipment (2021-2030) ($MN)
35 Global Wireless Charging ICs Market Outlook, By Robotics (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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