Wireless Charging ICs Market Outlook – 2027
Wireless charging IC is an inductive charging Integrated Circuit (IC) that uses electromagnetic induction to provide electricity through power transfer from receiver coil to transmitter coil. Portable equipment such as vehicles, power tools, and electric toothbrushes can be charged by placing near a charging station or inductive pad without any precise alignment or plug. These chips occupy less space thus making the device compact, light-weight, and allow manufacturers to integrate other technology into the products.
Wireless charging ICs are used in large-scale in automotive and consumer electronics industry among others in applications such as smartphone, smartwatch, laptops, tablet, and camera as it offers multiple device charging and is energy-efficient, and provides durable solutions. This wireless charging solution protects electrical connection by reducing the number of cables and improves consumer experience by facilitating miniaturization of devices.
Integration of this component into electronic devices features reduction in energy, material consumption and provides high security, mobility, which enhances product quality standards in the market. Further innovations in this sustainable and reliable technology is anticipated to boost the wireless charging ICs market share in the future.
The global wireless charging ICs market is segmented on the basis of type, substrate type, component, power solution, application, industry vertical, and region. Based on type, the market is bifurcated into transmitter ICs, receiver ICs. In terms of substrate type, the market is categorized into organic, and inorganic. On the basis of component, the market is divided into relays, circuit breaker and others. In terms of power solution, the market is categorized into low, medium, and high. On the basis of application, the market is segmented into smartphone, tablets, medical devices, wearable electronic devices and others. In terms of industry vertical, the market is divided into consumer electronics, automotive, IT and telecommunication, oil and gas, mining, healthcare, and others. Geographically, the market is analysed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Top Impacting Factors
Rise in interest for smart, electric and light-weight vehicles to minimize energy-storage demands as well as growing demand of miniaturized components such as smartphone and smartwatches are primary factors driving market growth. However, high cost due to integration of costly electronic components such as transmitter, receiver, controllers into this chip, fluctuating price of raw materials and relatively slower performance as compared to traditional wired chargers are factors hampering wireless charging ICs market growth.
On the contrary, installation of wireless charging devices at retail, public outlets and use of this technology in healthcare such as heartbeat monitoring, blood pressure monitoring attribute to propel the revenue of wireless charging ICs market. High adoption of autonomous technologies and long-range application such as airplane charging, heavy vehicle charging are expected to present new pathways to the wireless charging ICs industry.
New Product Launches to Flourish the Market
Key market players are adopting necessary steps to replace wired charging connection with more reliable, flexible wireless charging. In February 2020, Panthronics, an established semiconductor products company, launched a wireless charger IC that increases power output and decreases wireless charging time for earbuds, lifestyle-tracker wristbands.
The PTX100W NFC charger IC provides output power of greater than 2.5W which enables much faster charging popularly in smartphones. The PTX100W uses a sine wave architecture that helps to achieve an antennae matching impedance two times lower of that of conventional solution using EMC filter. The PTX100W makes wireless charging via NFC interface and drives much higher power. The PTX100W NFC charger minimizes power loss due to introduction of external components and is compatible with standard low-power MCU device.
Surge in Use of DCPs in Automotive and Industrial Applications
Wireless charging is the most convenient, flexible, unique solution for automobile manufacturers to provide better charging performance to passengers globally. This method enables charging of a number of devices at a time without cables getting tangled or creating a safety hazard. This technology can also be used for authentication, simple pairing or as car key generating more opportunities in smart car solution.
In January 2020, Power Integration launched ChiPhy charger interface IC, the latest in the series CHY103D. The CHY103D IC optimizes charging efficiency and prevents smartphone from over-heating during high-speed charging. CHY103D can detect local short circuit. This device has power consumption of less than 1mW at 5V output and provides improved charging efficiency.
Key Benefits of the Stakeholders
- The study gives an analytical overview of the wireless charging ICs market forecast with current trends and future estimations to determine imminent investment pockets.
- The report provides information related to key drivers, restraints, and opportunities along with detailed wireless charging ICs market analysis.
- The current wireless charging ICs market trends are quantitatively analyzed.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
COVID-19 Impact Analysis
- The ongoing COVID-19 pandemic is unsettling for people as well as organizations and business firms worldwide. With the shutdown of manufacturing operations and travel and transportation ban worldwide, the demand for wireless charging ICs has also plunged. The exact measure of the scale and scope of the challenge cannot be anticipated.
- Most car manufacturers and tier-1 manufacturers had to suspend operations or are working at a reduced capacity, which has resulted in reduction in demand for large-scale semiconductor devices such as IC chips used in cars at least for short-term. The movement of raw materials to suppliers and finished ICs to the consumer is hindered due to worldwide travel restriction.
- In June 2020, IPC, a trade organization, reported that 75% of the companies expect to return to normal operations by October 2020.
Questions Answered in the Wireless Charging ICs Market Research Report
- Who are the leading players in the wireless charging ICs market?
- What are the current trends that would influence the wireless charging ICs market size in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
- What would be the detailed impact of COVID-19 on wireless charging ICs market?
Wireless Charging ICs Market Report Highlights
| Aspects | Details |
 By Type |
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 By Substrate Type |
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 By Component |
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 By Power Solution |
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 By Application |
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 By Industry Vertical |
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 By Region |
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 Key Market Players | NXP Semiconductor, Broadcom Corp., MediaTek Inc., Analog Devices Inc., Texas Instruments, Linear Technology, Qualcomm Inc., Toshiba Corp., ROHM Semiconductor |
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