Wireless Charging ICs Market Size, Share, And Growth Report 2032

Wireless Charging ICs Market: Size

The global Wireless Charging ICs Market size was worth around USD 5.21 billion in 2023 and is predicted to grow to around USD 32.37 billion by 2032 with a compound annual growth rate (CAGR) of roughly 22.5% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Wireless Charging ICs Market on a global and regional level.

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Wireless Charging ICs Market: Overview

The wireless charging ICs market globally is likely to experience notable growth in the years ahead, owing to the various advancements witnessed in technology. Moreover, the increase in the number of wireless charging ICs applications in medical, automobile, and electronic devices will further drive the market for wireless charging ICs over the upcoming years. Subsequently, the use of wireless charging ICs in wearable products like smartwatches, electric trimmers, mobile phones, tablets, and smart glasses is another factor contributing to the wireless charging ICs market growth. In recent years, portable consumer goods like different electronic devices have become an integral part of an individual’s life across the world. Significant growth can be observed and estimated in the wireless charging ICs market globally, due to the rising demand for smartphones, laptops, digital cameras, and tablets. However, the wireless charging ICs market may be hampered due to duplication of products, which has led to the loss of customers’ trust. Alternatively, substantial technological developments in terms of compact and miniature designs of electronic devices are likely to offer multiple growth opportunities to the wireless charging ICs market globally.

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Wireless Charging ICs Market: Segmentation

The study provides a crucial view of the global wireless charging ICs market by segmenting it based on substrate, component, application, type, and region. All the segments of wireless charging ICs market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By type, the wireless charging ICs market is fragmented into receiver and transmitter ICs. Receiver ICs are anticipated to witness notable demand for wireless charging ICs, owing to their compact design, flexibility, and efficiency. These elements are united into several devices like smartwatches, smartphones, tablets, and laptops. Thus, to serve the growing demands and specifications of customers, various component manufacturers are developing new technologies. One such example is Belkin, the U.S.-based manufacturer. In April 2018, the company launched a wireless charging pad for Apple products. Moreover, aerospace and healthcare industries are anticipated to provide lucrative growth opportunities to the players operating in the wireless charging ICs market.

Wireless Charging ICs Market: Report Scope

Wireless Charging ICs Market: Regional Analysis

The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe. 

The Asia Pacific region is expected to grow notably in the wireless charging ICs markets globally in the years ahead, owing to the rising demand for smartphones across the region. Countries like India, Japan, and China are the major locations for the wireless charging ICs market in the region. The demand for wireless charging ICs in the Middle East and Africa is expected to rise, due to the increasing product adoption in various medical devices across the region.

Wireless Charging ICs Market: Competitive Players

Some prominent players of the global wireless charging ICs market are:

• Broadcom
• Qualcomm Incorporated
• Texas Instruments
• Toshiba Corp.
• On Semiconductor
• NXP Semiconductors
• Vishay Intertechnology
• MediaTek
• Linear Technology
• ROHM Semiconductor

The Global Wireless Charging ICs Market is segmented as follows:

Global Wireless Charging ICs Market: Substrate Analysis

• Organic
• Inorganic

Global Wireless Charging ICs Market: Type Analysis

• Transmitter ICs
• Receiver ICs

Global Wireless Charging ICs Market: Application Analysis

• Tablets and Smartphones
• Medical Devices
• Wearable Electronic Devices
• Automobile Devices
• Others

Global Wireless Charging ICs Market: Component Analysis

• Relays
• Circuit Breakers
• Power Solution

Global Wireless Charging ICs Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa