About Wireless Charging ICs
Wireless charging is a type of wireless power transfer that uses electromagnetic induction to provide electricity to portable devices. Wireless charging ICs are integrated all functions needed for wireless charging, rectification, charging control for small Lithium-Ion battery and top level of the power-efficiency DC-DC converter in a single chip as 3.22mm x 2.77mm small package.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Wireless Charging ICs market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NXP Semiconductors (Netherlands), Qualcomm (United States), Vishay Intertechnology, Inc. (United States), Texas Instruments (United States), MediaTek (Taiwan), Broadcom Corporation (United States), Toshiba (Japan), ON Semiconductor (United States), Linear Technology Corporation (United States) and Rohm Semiconductor (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Wireless Charging ICs market by Type (Transmitter Ics and Receiver Ics), Application (Smartphones and Tablets, Wearable Electronic Devices, Medical Devices and Automobile Products) and Region.
On the basis of geography, the market of Wireless Charging ICs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Solution, the sub-segment i.e. Low Power Solution will boost the Wireless Charging ICs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Relays will boost the Wireless Charging ICs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in the Technology and Rise in the Demand from Automotive Industry
Market Growth Drivers:
Increased Demand for Smartphones and Smartwatches with Wireless Charging and Increased Adoption of Autonomous Technologies
Challenges:
Duplication of the Products
Restraints:
High Cost of the Wireless Charging ICs and Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand from End-users and Robust Increase in the Distribution Channels
Market Leaders and their expansionary development strategies
In November 2021, NuVolta Technologies , a leading provider of fast charging power ICs with world's highest charging power and highest efficiencies, laucnhed its third generation SoC Wireless Charging Solution - Nu170x families that consists of NU1705 and NU1708 to enhance market share of wireless charging transmitter. This dedicated solution targets medium and low power market, especially 5W to 30W applications.
In April 2020, Chipmaker Qualcomm has announced a new version of its quick charge technology, called Qualcomm Quick Charge 3+. This new charging tech lies in between Quick Charge 3..0 and Quick Charge 4.0 and with it, the company wants to bring fast charge support to slightly more affordable smartphones.
Key Target Audience
Wireless Charging ICs Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.