PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1568759
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1568759
The Global Wireless Charging IC Market size is set to record over 22.8% CAGR from 2024 to 2032 fueled by technological advancements and the continuous rollout of new devices.
Recently, integrated circuits have evolved to provide faster and more efficient charging for various electronic devices. Manufacturers are rolling out innovative solutions to meet the rising demand for wireless power transfer, ensuring a seamless and convenient charging experience. Furthermore, these advancements are broadening the scope of wireless charging applications across various sectors, leading to their deeper integration into daily life. For example, in June 2023, indie Semiconductor, a trailblazer in Autotech solutions, unveiled an integrated automotive wireless power charging SoC. This cutting-edge chip boasts the industry's highest integration level, significantly boosting the efficiency of wireless charging ICs.
The wireless charging IC industry is segmented into type, power range, charging method, application, and region.
Wireless charging IC market share from the receiver IC type segment will record a decent growth rate between 2024 and 2032, driven by the surging demand for efficient power transfer across devices. These receiver ICs are being enhanced with superior power efficiency, miniaturization, and advanced thermal management, making them versatile for various applications. As manufacturers prioritize versatile solutions, these receiver ICs are becoming pivotal for faster and seamless charging experiences.
In terms of application, the wireless charging IC market from the automotive segment is anticipated to witness a significant CAGR from 2024-2032. This surge is fueled by the escalating demand for seamless charging in electric vehicles (EVs) and other automotive uses. The integrated SoC not only boosts power efficiency but also simplifies design and manufacturing. Moreover, engineers are leveraging this wireless charging IC to pave the way for next-gen automotive designs, making wireless charging a standard feature.
North America wireless charging IC industry size will record a significant CAGR through 2032, driven by increasing adoption in healthcare applications. Medical devices are integrating wireless charging to bolster patient safety, eliminating the hazards of exposed wires. Hospitals are adopting these systems to enhance device management and patient care. Furthermore, developers in the region are crafting advanced wireless charging ICs, underscoring their pivotal role in the medical technology evolution of North America.