Wireless Charging Integrated Circuit (IC) Market, By Type (Transmitter ICs, Receiver ICs), Application (Automotive, Consumer Electronics, Healthcare, Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Wireless Charging Integrated Circuit (IC) Market, By Type (Transmitter ICs, Receiver ICs), Application (Automotive, Consumer Electronics, Healthcare, Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)....
"The global wireless charging integrated circuit (IC) market is estimated to grow from USD 1.9 billion in 2020 to USD 4.9 billion by 2026 at a healthy CAGR of 17.1% during the forecast period."
Wireless Charging Integrated Circuit (IC) is referred to as an inductive charging circuit (IC) which uses electromagnetic induction to offer electricity via power transfer from receiver coil to transmitter coil. Portable equipment such as power tools, vehicles, and electric toothbrushes can be charged by placing near a charging station or inductive pad without any precise plug or alignment. These chips take up less space, thus making the device light weight, compact, and enable product manufacturers to integrate other technology into products.
The Wireless Charging Integrated Circuit (IC) market is mainly driven by surging interest for electric, smart, and light-weight vehicles to reduce energy-storage demands coupled with rising demand for miniaturized components such as smartwatches and smartphones. This wireless charging solution protects electrical connections by minimizing the number of cables & thus enhances the consumer experience by facilitating miniaturization of devices. In addition, the growing adoption of autonomous technologies as well as long-range application such as heavy vehicle charging, airplane charging, are likely to create new pathways to the wireless charging ICs industry, thus augmenting the market growth in the coming years.
COVID-19 Impact
The outbreak of COVID-19 negatively affected the Wireless Charging Integrated Circuit (IC) industry. The shutdown of manufacturing activities along with ban on travel & transportation ban across the globe, the demand for wireless charging ICs was affected. Most automakers and tier-1 manufacturers had to halt operations or are working at a limited capacity, thus led to a reduction in demand for large-scale semiconductor devices such as IC chips used in cars.
Wireless Charging Integrated Circuit (IC) Market- Research Scope
Base Year of Study
2020
Trend Period
2015-2019
Forecast Period
2021-2026
Market Size in 2020
US$ 1.9 billion
Market Size in 2026
US$ 4.9 billion
Market Growth (2021-2026)
17.1% CAGR
Key Players
Key players operating in the Wireless Charging Integrated Circuit (IC) Market are:
NXP Semiconductors (Netherlands)
Renesas Electronics Corporation (Japan)
ROHM CO., LTD. (Japan)
Semiconductor Components Industries, LLC (US)
Qualcomm Inc. (US)
Texas Instruments (US)
Analog Devices, Inc. (US)
Vishay Intertechnology, Inc. (US)
Toshiba Corporation (Japan)
WiTricity Corporation (US)
Segment’s Analysis
Test Insights
"The consumer electronics segment accounted for the largest market share."
Based on test type, the wireless charging integrated circuit (IC) market has been divided into automotive, consumer electronics, healthcare, and others. The consumer electronics segment accounted for the largest market share in 2020. Increasing penetration of smartphones and other consumer electronics devices such as tablets, laptops, smartwatches coupled with increasing disposable income are likely to augment segment growth.
Regional Trends
"Asia-Pacificaccounted for the largest market share."
By region, the Asia-Pacific Wireless Charging Integrated Circuit (IC) market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The Wireless Charging Integrated Circuit (IC) market growth is mainly propelled by mainly attributed to strong presence of consumer electronics manufacturers, a hub for semiconductor production, and high purchasing power of consumers. Moreover, rising research and development activities in Japan, Taiwan, China, and South Korea in wireless charging, further bolsters the regional market growth.
The North American Wireless Charging Integrated Circuit (IC) market is expected to grow at a healthy CAGR during the review on account of growth of the major end-use industries. This growth is mainly attributed to robust sales of consumer electronics as well as strong presence of automotive manufacturers in the US. Increasing R&D activities and investments for product innovation further boosts the regional market expansion.
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In-depth analysis of the Wireless Charging Integrated Circuit (IC) Market
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Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Wireless Charging Integrated Circuit (IC) is referred to as an inductive charging circuit (IC) which uses electromagnetic induction to offer electricity via power transfer from receiver coil to transmitter coil. Portable equipment such as power tools, vehicles, and electric toothbrushes can be charged by placing near a charging station or inductive pad without any precise plug or alignment. These chips take up less space, thus making the device light weight, compact, and enable product manufacturers to integrate other technology into products.
The wireless charging integrated circuit market is estimated to grow from USD 1.9 billion in 2020 to USD 4.9 billion by 2026 at a healthy CAGR of 17.1% during the forecast period.
Growing adoption of autonomous technologies as well as long-range application such as heavy vehicle charging, airplane charging, are likely to create new pathways to the wireless charging ICs industry, thus augmenting the market growth in the coming years.
Asia-Pacific Wireless Charging Integrated Circuit (IC) market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period.
