The wireless charging ICs market is anticipated to expand its boundaries at a steady CAGR of 16.7% during the forecast period. The market holds a share of USD 2.8 Billion in 2023 while expecting revenue of USD 13.1 Billion by 2033.
The wireless charging ICs market outlook explains that the higher penetration of advanced smartphone technology along with the vendors are trying to assemble the device to make a difference in the flagship category. The faster, more reliable, and easier way to charge the smartphone is the major factor that fuels the sales of wireless charging ICs. Furthermore, the integrated chips expanding its manufacturing for wireless power and charging is also helping the IC market. The advanced systems in automobiles that provide wireless charging and power control are also adopting wireless charging ICs globally.
The research report on wireless charging ICs states the need for advanced technology, such as transmitter-based wireless charging ICs and receiving panels. Wireless charging has slightly taken over wired charging. This takes away the fiddling with cables, reducing the wear and tear on your device, and enabling different smartphones that charge faster and smoother instead of carrying multiple cables.
Another factor that fuels the sales of wireless charging ICs is this becoming a safer way to transfer power without any data theft, putting your safety and security at risk. The global wireless charging market is undergoing changes as a result of the growing smart device charging landscape. Wireless charging solutions are becoming more widely adopted due to advantages such as safety, cost-effectiveness, and reliability
The better and enhanced look of wireless charging makes it more sophisticated and presentable. Though most wireless charging systems deliver slower and less efficiently than wired charging. However, wireless charging becoming a technological trend, making it thrive at a higher CAGR between 2023 and 2033.
| Attributes | Details |
|---|---|
| Wireless Charging ICs Market CAGR (2023 to 2033) | 16.7% |
| Wireless Charging ICs Market Size (2023) | USD 2.8 billion |
| Wireless Charging ICs Market Size (2033) | USD 13.1 billion |
Short-term Growth: Wireless charging technology earlier was introduced in very rare consumer electronics to enhance the ease of operations along with the higher demand from the healthcare sector.
Mid-term Growth: During this phase, the market took a blow as covid-19 expanded and the research around wireless techniques crashed. Therefore, the phase can be defined as the lowest phase for the market.
Long-term Growth: Wireless charging ICs are now being commonly used in electric as well as fuel-based vehicles, making them exclusive to common masses. The flagship phones and smart devices are adopting wireless power and charging support. The market now thrives at a CAGR of 16.7% during the forecast period.
Users are readily adopting wireless charging pads and wireless charging power banks for a quick charge of their electrical gadgets in a dependable, convenient, and safe way.
By eliminating the use of physical connectors and wires, wireless charging delivers efficient, cost-effective, and safety advantages over traditional charging systems. It also ensures constant power transfer to ensure that all types of devices (handheld industrial gadgets, smartphones phones with wireless charging, heavy-duty equipment, and others) are charged and ready to use.
Increasing applications of wireless charging in heavy-duty industrial devices for continuous power delivery is expected to fuel market expansion in the future. The wireless changing landscape is evolving into a lucrative ecosystem in terms of usability and product design, thanks to drop & charge trends and wireless radiofrequency (RF) energy base chargers.
The market is primarily driven by increased internet usage in smart devices. Furthermore, disruptive technologies and wearable gadgets are paving the way for market growth.
The wireless changing landscape is evolving into a lucrative ecosystem in terms of usability and product design, thanks to drop & charge trends and wireless radiofrequency (RF) energy base chargers. The market is primarily driven by increased internet usage in smart devices. Furthermore, disruptive technologies and wearable gadgets are paving the way for market growth.
The demand for wireless charging solutions is substantially increasing as the electric vehicle (EV) sector continues to evolve. In the whole value chain of electric vehicles, wireless EV charging technology is expanding in tandem with maturing technological standards. Research and Development initiatives in far-field wireless charging technologies are creating profitable opportunities for market players in order to meet the expanding demand.
| Region | Absolute Market Growth |
|---|---|
| USA | 1.1 Billion |
| United Kingdom | 401.5 Million |
| China | 887.8 Million |
| Japan | 937.3 Million |
| South Korea | 794.9 Million |
Due to the advancements in the electronics sector and increased EV sales, North America is anticipated to contribute significantly from 2022 to 2032.
By region, the wireless charging market trends have been assessed for North America, Europe, Asia-Pacific, and LAMEA. Due to the rise in demand for fuel-efficient and durable charging systems for electronic devices such as power tools and portable gadgets, Europe was the second largest revenue contributor, while North America is predicted to dominate the market throughout the forecast period.
The presence of Major Wireless Technology Players makes it the Biggest Market.
| Region | Attributes |
|---|---|
| USA Market CAGR (2023 to 2033) | 13.5% |
| USA Market Absolute Doller Growth (USD Million/Billion) | USD 1.1 billion |
According to FMI, the USA plays a crucial role in the expansion of wireless charging ICs market size as it holds the major implementation and hardware giants. These players have extended research and development teams that constantly go through the different integration solutions of wireless power delivery to enhance charging operations.
Therefore, the USA market for wireless charging ICs is likely to cross a value of USD 1.5 Billion by 2033.
The Asian Hub for Transforming Technology, South Korea extends its Research while Booming at the Fastest CAGR
| Region | Attributes |
|---|---|
| South Korean Market CAGR (2023 to 2033) | 19.9% |
| South Korean Market Absolute Doller Growth (USD Million/Billion) | 795.9 Million |
South Korea has been the house of innovative technologies such as wireless headphone technology and is known for its niche work based on research. The country is currently developing extensive research for wireless charging ICs to make them faster.
For instance, a South Korean research team has developed a wireless charging method with an operation area of 30 meters. The market is likely to cross a value of USD 949.2 Million by 2033.
In-house Projects of Wireless Power Delivery, China Pushes the Universal Charging Standard for Smartwatches.
| Region | Attributes |
|---|---|
| Chinese Market CAGR (2023 to 2033) | 17% |
| Chinese Market Absolute Doller Growth (USD Million/Billion) | USD 887.8 Million |
According to FMI analysis, China is estimated to reach a value of USD 1.1 Billion by 2033.
Just like South Korea, China also thrives in the technological race with its high manufacturing power. The higher production of ICs in China and Taiwan fuels the export of IC technology, pushing the vendors to implement them according to their needs.
The jump in the production of wireless charging ICs has been witnessed over the last two years and is expected to be the same in the future.
| Segment | Top Product Type |
|---|---|
| Top Sub-segment | Transmitters |
| CAGR (2017 to 2022) | 15.1% |
| CAGR (2023 to 2033) | 16.2% |
| Segment | Top Application |
|---|---|
| Top Sub-segment | Consumer Electronics |
| CAGR (2017 to 2022) | 15.4% |
| CAGR (2023 to 2033) | 16.6% |
The transmitter technology is easy and has a higher bandwidth to support fast wireless charging. The technology can easily be adopted across different power delivery systems. Furthermore, the wider application of this segment makes it grow at a CAGR of 16.2% between 2023 and 2033, while it previously thrived at a CAGR of 15.1%.
The advent of wireless charging ICs for smartphones, smartwatches, and other consumer electronics is fueling the demand for the segment. Furthermore, the flagship category of mobile phones is adopting wireless charging technology.
Wireless charging technology is being more widely adopted in the industrial sector due to its advantages of increased safety and uninterrupted power supply. High demand for wireless charging in a sterile hospital environment is producing new revenue pockets for device manufacturers.
By industry vertical, the market is divided into electronics, automotive, industrial, healthcare, and aerospace & defense. The healthcare wireless charging segment is also predicted to develop at the fastest CAGR between 2022 and 2032.
The major companies in the market focus on extending their research and development programs while also making their technology futuristic. Wireless power delivery, wireless transmission, and faster charging are some concepts players focus on. Key players in the market are Convenient Power HK Ltd, WiTricity Corporation, Murata Manufacturing Co. Ltd, and Texas Instruments, Inc.
Latest Developments:
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Product, 2017 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Power Range, 2017 to 2033
Table 4: Global Market Value (US$ Million) Forecast by Application, 2017 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Product, 2017 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Power Range, 2017 to 2033
Table 8: North America Market Value (US$ Million) Forecast by Application, 2017 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Product, 2017 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Power Range, 2017 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by Application, 2017 to 2033
Table 13: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 14: Europe Market Value (US$ Million) Forecast by Product, 2017 to 2033
Table 15: Europe Market Value (US$ Million) Forecast by Power Range, 2017 to 2033
Table 16: Europe Market Value (US$ Million) Forecast by Application, 2017 to 2033
Table 17: East Asia Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 18: East Asia Market Value (US$ Million) Forecast by Product, 2017 to 2033
Table 19: East Asia Market Value (US$ Million) Forecast by Power Range, 2017 to 2033
Table 20: East Asia Market Value (US$ Million) Forecast by Application, 2017 to 2033
Table 21: South Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 22: South Asia Pacific Market Value (US$ Million) Forecast by Product, 2017 to 2033
Table 23: South Asia Pacific Market Value (US$ Million) Forecast by Power Range, 2017 to 2033
Table 24: South Asia Pacific Market Value (US$ Million) Forecast by Application, 2017 to 2033
Table 25: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2033
Table 26: MEA Market Value (US$ Million) Forecast by Product, 2017 to 2033
Table 27: MEA Market Value (US$ Million) Forecast by Power Range, 2017 to 2033
Table 28: MEA Market Value (US$ Million) Forecast by Application, 2017 to 2033
Figure 1: Global Market Value (US$ Million) by Product, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Power Range, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Product, 2017 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Power Range, 2017 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Power Range, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Power Range, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 17: Global Market Attractiveness by Product, 2023 to 2033
Figure 18: Global Market Attractiveness by Power Range, 2023 to 2033
Figure 19: Global Market Attractiveness by Application, 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Product, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Power Range, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Product, 2017 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Power Range, 2017 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Power Range, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Power Range, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 37: North America Market Attractiveness by Product, 2023 to 2033
Figure 38: North America Market Attractiveness by Power Range, 2023 to 2033
Figure 39: North America Market Attractiveness by Application, 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Product, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Power Range, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Product, 2017 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Power Range, 2017 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Power Range, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Power Range, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 57: Latin America Market Attractiveness by Product, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Power Range, 2023 to 2033
Figure 59: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Europe Market Value (US$ Million) by Product, 2023 to 2033
Figure 62: Europe Market Value (US$ Million) by Power Range, 2023 to 2033
Figure 63: Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 64: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Europe Market Value (US$ Million) Analysis by Product, 2017 to 2033
Figure 69: Europe Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 71: Europe Market Value (US$ Million) Analysis by Power Range, 2017 to 2033
Figure 72: Europe Market Value Share (%) and BPS Analysis by Power Range, 2023 to 2033
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Power Range, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 75: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 76: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 77: Europe Market Attractiveness by Product, 2023 to 2033
Figure 78: Europe Market Attractiveness by Power Range, 2023 to 2033
Figure 79: Europe Market Attractiveness by Application, 2023 to 2033
Figure 80: Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: East Asia Market Value (US$ Million) by Product, 2023 to 2033
Figure 82: East Asia Market Value (US$ Million) by Power Range, 2023 to 2033
Figure 83: East Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 84: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: East Asia Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 86: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: East Asia Market Value (US$ Million) Analysis by Product, 2017 to 2033
Figure 89: East Asia Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 90: East Asia Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 91: East Asia Market Value (US$ Million) Analysis by Power Range, 2017 to 2033
Figure 92: East Asia Market Value Share (%) and BPS Analysis by Power Range, 2023 to 2033
Figure 93: East Asia Market Y-o-Y Growth (%) Projections by Power Range, 2023 to 2033
Figure 94: East Asia Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 97: East Asia Market Attractiveness by Product, 2023 to 2033
Figure 98: East Asia Market Attractiveness by Power Range, 2023 to 2033
Figure 99: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 100: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 101: South Asia Pacific Market Value (US$ Million) by Product, 2023 to 2033
Figure 102: South Asia Pacific Market Value (US$ Million) by Power Range, 2023 to 2033
Figure 103: South Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 104: South Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: South Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 106: South Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: South Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: South Asia Pacific Market Value (US$ Million) Analysis by Product, 2017 to 2033
Figure 109: South Asia Pacific Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 110: South Asia Pacific Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 111: South Asia Pacific Market Value (US$ Million) Analysis by Power Range, 2017 to 2033
Figure 112: South Asia Pacific Market Value Share (%) and BPS Analysis by Power Range, 2023 to 2033
Figure 113: South Asia Pacific Market Y-o-Y Growth (%) Projections by Power Range, 2023 to 2033
Figure 114: South Asia Pacific Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 115: South Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 116: South Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 117: South Asia Pacific Market Attractiveness by Product, 2023 to 2033
Figure 118: South Asia Pacific Market Attractiveness by Power Range, 2023 to 2033
Figure 119: South Asia Pacific Market Attractiveness by Application, 2023 to 2033
Figure 120: South Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Product, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Power Range, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by Application, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2033
Figure 126: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 127: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 128: MEA Market Value (US$ Million) Analysis by Product, 2017 to 2033
Figure 129: MEA Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 130: MEA Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 131: MEA Market Value (US$ Million) Analysis by Power Range, 2017 to 2033
Figure 132: MEA Market Value Share (%) and BPS Analysis by Power Range, 2023 to 2033
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Power Range, 2023 to 2033
Figure 134: MEA Market Value (US$ Million) Analysis by Application, 2017 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 137: MEA Market Attractiveness by Product, 2023 to 2033
Figure 138: MEA Market Attractiveness by Power Range, 2023 to 2033
Figure 139: MEA Market Attractiveness by Application, 2023 to 2033
Figure 140: MEA Market Attractiveness by Country, 2023 to 2033
The wireless charging ICs market is estimated to be worth USD 2.8 billion in 2023.
The wireless charging ICs market is expected to have a CAGR of 16.7% by 2033.
The wireless charging ICs market expanded at an elevated 15.6% CAGR in the last five years, from 2017 to 2022.
Japan accounted for 18.4% CAGR in the global wireless charging ICs market by 2033.
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Wireless Charging ICs Market
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