PUBLISHER: The Business Research Company | PRODUCT CODE: 1664805
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664805
Wireless charging, also known as wireless power transfer, is a method used to electrically recharge battery-operated devices such as laptops, cellphones, and electric cars without the need for a physical cable connection. This technology employs electromagnetic waves to wirelessly transfer energy and charge electronic gadgets. Wireless charging integrated circuits (ICs) are designed to provide precise power supply, compact size, and lightweight operation.
The main types of wireless charging ICs include receiver ICs and transmitter ICs. A receiver IC is a circuit that receives signals from a transmission medium, which can be either wired or wireless, and decodes or converts them into a format capable of powering nearby circuits. Power ranges for wireless charging ICs include low range, medium range, and high range, applicable in various devices such as smartphones, tablets, medical devices, wearable electronics, and more. These ICs find applications across multiple industry verticals, including consumer electronics, automotive, IT and telecommunications, oil and gas, mining, healthcare, and others.
The wireless charging IC market research report is one of a series of new reports from The Business Research Company that provides wireless charging IC market statistics, including wireless charging IC industry global market size, regional shares, competitors with a wireless charging IC market share, detailed wireless charging IC market segments, market trends and opportunities, and any further data you may need to thrive in the wireless charging IC industry. This wireless charging IC market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
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.
The anticipated growth in the wireless charging IC market is driven by the higher penetration of smartphones and smartwatches. Smartwatches, resembling wristwatches, and smartphones, mobile phones with advanced computer features, contribute significantly to the increasing demand for wireless charging ICs. With the prevalence of 71.8 million mobile connections in the UK in 2022, a further surge is expected, as projections indicate 68.3 million people residing in the UK by 2025, with 95% of them equipped with smartphones. This higher adoption of smartphones and smartwatches is a key factor fueling the expansion of the wireless charging IC market.
The rising adoption of smart home devices is anticipated to drive the growth of the wireless charging IC market in the future. Smart home devices refer to interconnected electronic appliances that leverage internet connectivity and advanced technologies, enabling users to remotely monitor, control, and automate various elements of their home environment. Wireless Charging ICs are integral to these smart home devices, providing convenient, cable-free charging that enhances user experience and device integration. For example, in August 2024, a report from Coolest Gadgets, a US-based online platform focusing on the latest gadgets, indicated that the number of households in the U.S. utilizing smart home devices is projected to increase from 63.43 million in 2023 to 93.59 million by 2027, with significant annual growth expected. Consequently, the growing prevalence of smart home devices is propelling the wireless charging IC market.
Technological advancements have become a significant trend gaining traction in the wireless charging IC market. Major companies in this sector are concentrating on developing cutting-edge technologies and solutions to enhance their market positions. For instance, in June 2023, indie Semiconductor, a US-based automotive semiconductor firm, introduced an integrated automotive wireless power charging system-on-chip (SoC) that offers the highest level of industry integration. The iND87200 simplifies and accelerates the development of cost-effective wireless power consortium (WPC) 'Qi'-compliant in-cabin portable device charging solutions. This dual-core architecture features an Arm Cortex M4F CPU with 2MB of integrated Flash and 256kB of SRAM, along with a specialized Arm Cortex M0 processor for the wireless protocol stack.
Leading companies in the wireless charging IC market are committed to creating innovative solutions, such as the Qi2 MPP wireless charging transmitter, to meet the growing demand for enhanced wireless charging efficiency and safety in automotive and consumer applications. The Qi2 MPP (Magnetic Power Profile) wireless charging transmitter is a new standard developed by the Wireless Power Consortium, utilizing magnetic alignment technology to improve charging efficiency and speed, allowing devices to charge up to 15 watts while ensuring optimal positioning between the charger and the device. For example, in October 2023, Infineon Technologies AG, a Germany-based semiconductor manufacturer, launched the REF-WLC-TX15W-M1, a 15 W Qi2 Magnetic Power Profile (MPP) wireless charging transmitter solution. This product features magnet-based fixed positioning, a compact design, and supports both 15W fast charging and backward compatibility with 5W devices. Its significance lies in its highly integrated design, which enhances charging efficiency and safety, making it suitable for automotive, consumer electronics, and healthcare applications while providing a more intuitive and secure wireless charging experience.
In October 2023, PULS, a Germany-based provider of innovative power supply solutions for industrial applications, acquired Wiferion for an undisclosed sum. This acquisition aims to bolster PULS's wireless charging capabilities and capitalize on Wiferion's established technology in inductive charging for mobile robots and forklifts, with the objective of setting a global market standard. Wiferion is a Germany-based company that specializes in advanced wireless charging solutions designed for industrial applications.
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.
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
The countries covered in the wireless charging ic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wireless charging IC market consists of sales of wireless charging ICs used for radio charging, inductive charging, and resonance charging. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wireless Charging IC Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wireless charging ic market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wireless charging ic ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wireless charging ic market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.