PUBLISHER: Value Market Research | PRODUCT CODE: 1547889
PUBLISHER: Value Market Research | PRODUCT CODE: 1547889
The global demand for Wireless Charging ICs Market is presumed to reach the market size of nearly USD 216.44 Billion by 2032 from USD 20.72 Billion in 2023 with a CAGR of 29.78% under the study period 2024-2032.
Wireless charging or inductive charging is gaining popularity owing to its wireless properties. Wireless charging IC includes power receiving and charge/discharge system, and the power transmitter system. To transfer energy from a charging station to a wireless device transformer coupling of two inductor coils is used. An inductive charger or the charging station consists of a sender coil. The wireless device receiver coil is placed adjacent to the sender coil. High-performance AC is injected into the sender coil. A transformer is formed and current is induced in the adjacent receiver coil. Wireless charging is beneficial as it does not require conductive connectors and makes charging connections insulated and devices secured. Wireless charging ICs are applicable in various end-user industries including electronics, automobile, and medical sectors.
The major aspects that are driving the global market at a fast pace, include increasing usage of wireless charging in electronic devices such as smartphones and tablets, increasing usage in electric vehicles, and growing demand for wearable medical devices such as smartwatches, fitness bands, etc. The factor such as increased application in other medical devices such as pacemakers and neuro-simulators is further driving the global market. The global pandemic COVID-19 is likely to hamper the growth of the wireless charging ICs due to a major disruption in a supply chain across the globe owing to lockdown conditions in many countries.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Wireless Charging ICs. The growth and trends of Wireless Charging ICs industry provide a holistic approach to this study.
This section of the Wireless Charging ICs market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Wireless Charging ICs market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Wireless Charging ICs market include NXP Semiconductors, Vishay Intertechnology Inc., MediaTek Inc., Qualcomm Inc., Texas Instruments Inc., Broadcom Corporation, Toshiba Corporation, On Semiconductor, Analog Devices Inc., ROHM Semiconductor, Integrated Device Technology Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.