Wireless Charging ICs Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026
Sarasota, FL -- (SBWIRE) -- 12/07/2018 -- Global Wireless Charging ICs Market: Overview
Wireless charging technology comprises transmission of power to electrical devices, through an air gap for energy transfer. Wireless technology helps in the elimination of using physical cables and connectors. This technology provides reliable and safe method for charging several devices at varied locations. The growing popularity of wireless charging ICs is due to its application in varied products, such as wearable devices, computing devices, and smartphones.
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Global Wireless Charging ICs Market: Growth Factors
The major growth driver in the global wireless charging ICs market is the increasing penetration of customer electronics. Due to the growing demand and popularity of wireless charging, the ICs have found extensive applications in varied electronic equipment, such as mobiles, laptops, and tablets. This, in turn, is likely to positively impact this global market. This global market is likely to grow significantly in the upcoming years due to technical developments, such as the compact and miniaturization designing of these IC packages for their proficient incorporation into different portable customer electronics. Furthermore, aerospace and healthcare industries are projected to offer profitable opportunities and scope for wireless changing ICs technology in the future. This, in turn, is anticipated to profit this global market considerably. The growing operation of these ICs in automobiles is also likely to propel the wireless charging ICs market in the forecast time period.
The growing popularity of the wireless charging ICs market might be restrained by the market's saturation with duplicate items. This, in turn, has reduced the consumers' trust.
Global Wireless Charging ICs Market: Segmentation
The wireless charging ICs market is fragmented based on type, substrate, component, and application. Based on type, the market for wireless charging ICs is bifurcated into receiver ICs and transmitter ICs. On the basis of substrate, this market is categorized into organic and inorganic materials. Based on component, the wireless charging ICs market is divided into relays and circuit breakers and power solution. The power solution is further fragmented into low, high, and medium power solutions. On the basis of application, the wireless charging ICs market is divided into tablets and smartphones, medical devices, wearable electronics devices, and automobile devices.
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Global Wireless Charging ICs Market: Regional Analysis
Based on region, the wireless charging ICs market is divided into the Middle East and Africa, North America, Asia Pacific, Europe, and Latin America. The Asia Pacific is likely to dominate the market for wireless charging ICs and hold a significant share of the market. This is due to the increasing demand and requirement for wireless charging ICs in the customer electronics division. The growing demand and popularity for tablets and smartphones in several Asian countries, such as Japan, India, and China, are also projected to support the expansion of the Asia Pacific wireless charging ICs market in the upcoming years. The North American wireless charging ICs market is likely to be the fastest growing during the forecast time period, owing to growing supply of wireless charging ICs, like integrated device technology, etc.
Global Wireless Charging ICs Market: Competitive Players
Some key market players of the global wireless charging ICs market are Qualcomm, NXP Semiconductors, Texas Instruments, Vishay Intertechnology, Broadcom Corp., MediaTek, Toshiba, On Semiconductor, Linear Technology, and ROHM Semiconductor, among others.
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Global Wireless Charging ICs Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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