Global ICs for Wireless Charging System Market Size By Type (Transmitter Ics, Receiver ICs), By Application (Smartphones and Tablets, Wearable Electronic Devices), By Region, And Segment Forecasts, 20...

The Global ICs for Wireless Charging System Market was valued at USD 3.2 billion in 2023 and is projected to reach USD 7.4 billion by 2031, with a CAGR of 11.2% over the forecast period (2023-2031). The demand for integrated circuits (ICs) in wireless charging systems is growing due to the increasing adoption of wireless charging technology in consumer electronics, electric vehicles (EVs), and industrial applications. Wireless charging ICs enable efficient power transfer, convenience, and enhanced device safety, making them crucial for powering a wide array of devices without the need for physical connectors.

Drivers

Growing Demand for Wireless Charging in Consumer Electronics: The rise in smart devices and wearables has led to a surge in demand for wireless charging, with ICs being a key component for efficient power management.

Expansion of Electric Vehicles (EV) Infrastructure: With the growth of EVs, the need for wireless charging technology in automotive applications is increasing, further driving the market for ICs tailored to these systems.

Technological Advancements in Wireless Power Transfer: The ongoing improvements in wireless charging IC technology, such as higher efficiency, compact designs, and heat management capabilities, are propelling the market growth.

Restraints

High Cost of Advanced Wireless Charging ICs: The cost of developing and manufacturing advanced wireless charging ICs can be prohibitive, limiting adoption in cost-sensitive sectors.

Compatibility and Standardization Issues: Variability in standards (such as Qi, AirFuel, and proprietary technologies) can create challenges in the adoption of ICs for wireless charging systems, as devices may lack universal compatibility.

Opportunity

Growing Demand in Industrial and Healthcare Applications: Wireless charging ICs are finding new applications in healthcare devices and industrial automation equipment, where cord-free operation is beneficial for hygiene, safety, and ease of use.

Integration of AI for Smart Power Management: The integration of AI in wireless charging ICs for enhanced power optimization and predictive maintenance is an emerging opportunity for manufacturers.

Market by System Type Insights

The market is segmented into two primary system types: Resonant Wireless Charging ICs and Inductive Wireless Charging ICs. Among these, Inductive Wireless Charging ICs accounted for the largest share in 2023 due to their efficiency and compatibility with various consumer devices. However, Resonant Wireless Charging ICs are expected to witness the fastest growth due to their extended range and ability to charge multiple devices simultaneously, making them suitable for automotive and industrial applications.

Market by End-use Insights

The Consumer Electronics segment held the largest market share in 2023, driven by the widespread adoption of wireless charging in smartphones, tablets, and wearable devices. The Automotive segment is expected to experience substantial growth, supported by the increasing adoption of EVs and the need for efficient, integrated wireless charging solutions for vehicle batteries and accessories.

Market by Regional Insights

North America dominated the market in 2023, supported by high demand for consumer electronics, a strong EV infrastructure, and significant investment in wireless technology R&D.

Asia-Pacific is expected to witness the highest growth rate during the forecast period, driven by the rapid adoption of wireless charging technology in China, Japan, and South Korea, and the region's position as a hub for electronic manufacturing.

Competitive Scenario

Key players in the Global ICs for Wireless Charging System Market include Texas Instruments, Qualcomm, NXP Semiconductors, STMicroelectronics, Broadcom, Renesas Electronics, and ON Semiconductor. These companies are focusing on strategic partnerships, R&D investments, and product innovation to enhance their market share. Notable developments include Qualcomm’s launch of multi-device wireless charging ICs in 2023 and Texas Instruments' release of high-efficiency ICs for automotive wireless charging applications in 2024.

Scope of Work – Global ICs for Wireless Charging System Market

Key Market Developments

2023: Qualcomm launched a new multi-device wireless charging IC capable of charging up to three devices simultaneously, aimed at consumer electronics.

2024: Texas Instruments introduced high-efficiency wireless charging ICs specifically designed for EV applications, improving thermal management and charging efficiency.

2025: NXP Semiconductors announced a collaboration with an automotive giant to develop wireless charging ICs for next-generation electric vehicles.

FAQs

What is the current market size of the Global ICs for Wireless Charging System Market?

The market was valued at USD 3.2 billion in 2023.

What is the major growth driver of the Global ICs for Wireless Charging System Market?

The primary growth drivers are the increased adoption of wireless charging in consumer electronics and the expansion of EV infrastructure.

Which is the largest region during the forecast period in the Global ICs for Wireless Charging System Market?

North America held the largest market share in 2023, while Asia-Pacific is expected to exhibit the highest growth rate during the forecast period.

Which segment accounted for the largest market share in the Global ICs for Wireless Charging System Market?

The Consumer Electronics segment accounted for the largest share in 2023 due to widespread use in smartphones, wearables, and other devices.

Who are the key market players in the Global ICs for Wireless Charging System Market?

Key players include Texas Instruments, Qualcomm, NXP Semiconductors, STMicroelectronics, Broadcom, Renesas Electronics, and ON Semiconductor.