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Higher smartphone and smartwatch penetration is likely to stimulate innovation in wireless charging IC production, propelling the market during the forecast period.

The global wireless charging IC market is expected to grow from $2.86 billion in 2022 to $3.48 billion in 2023 at a compound annual growth rate (CAGR) of 21.6%. The global wireless charging IC market size is expected to grow to $7.37 billion in 2027 at a CAGR of 20.6%.

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Global Wireless Charging IC Market Segments Include:

• By Type: Receiver IC, Transmitter IC
• By Power Range: Low Range, Medium Range, High Range
• By Application: Smartphones, Tablets, Medical Devices, Wearable Electronic Devices, Other Applications
• By Industry Vertical: Consumer Electronics, Automotive, IT and Telecommunication, Oil and Gas, Mining, Healthcare, Other Industry Verticals
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global wireless charging IC market in 2021.

Major Market Players in the wireless charging IC market include NXP Semiconductors, Broadcom Corporation, Toshiba Corporation, Semiconductor Components Industries LLC, Qualcomm Inc., Texas Instruments Inc., ROHM Semiconductor.

Technological advances have emerged as a significant trend gaining traction in the wireless charging integrated circuit market. To strengthen their market position, major firms in the wireless charging IC market are focusing on creating advanced technologies and solutions. Spark Connected, a US-based wireless power technology startup, for example, unveiled The Beast 2.0 in October 2021, which is a vehicle in-cabin wireless charging system based on TDK’s (TDK Corporation, a Japan-based electronics corporation) newest pattern coil technology. The new Beast 2.0 is a 15-watt Qi v1.3-compliant in-car wireless charging device. It has a wide input supply range, continuous charging even during vehicle stop/start events, and improved user safety features including Foreign Object Detection.

The Wireless Charging IC Global Market Report 2023 provides a wireless charging IC market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The wireless charging IC market forecast analyzes wireless charging IC market size, wireless charging IC market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Wireless charging, also known as wireless power transmission, is a way of electrically charging battery-powered devices such as laptop computers, cellphones, and electric vehicles without the use of a cable connection. It is utilised in electromagnetic waves to charge and transfer energy wirelessly. Wireless charging integrated circuits have a precise power supply, a small dimension, a compact design, and a lightweight operation.

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