The report covers the market study and projection of " Wireless Charging IC Market " on a territorial along with worldwide point . The report establishes subjective and quantitative valuation by industry examiners, direct information, help from industry specialists alongside their latest verbatim and every industry producers through the market value chain. The examination specialists have also evaluated the by and large sales and income creation of this specific market.
Wireless Charging IC market will register a 19.1% CAGR in terms of revenue, the global market size will reach US$ 5220 million by 2024, from US$ 2180 million in 2019.
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Wireless charging is the transmission of energy from a power source to a device without wires or cables. A wireless charging technology is comprised of two parts, a transmitter (the actual charging station itself) and a receiver (which is inside the device you are charging). Wireless Charging ICs are the core part of Wireless Charging technology.The market is fragment, the key players are IDT, Texas Instruments, NXP/Freescale, ADI/Linear Tech, Qualcomm, Broadcom, STMicroelectronics, On Semiconductor, Semtech, ROHM, Toshiba, Panosonic, Maxim, Generalplus, E-Charging Inc. (CPS), CVSMicro, Xiamen Newyea Tech, ZoneCharge, BOEONE and so on.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.Witnessing the huge market potential, several new players have entered the global market for wireless charging ICs over the past decade. It is expected that the entry of new players into the global market will prompt a counter response from the existing players.
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This response could take the shape of better and more innovative strategies, introduction new product lines, or expansion of geographical reach. Although the current competitive landscape of the global wireless charging IC market is largely consolidated, it is expected to undergo progressive fragmentation over the forthcoming years.Asia Pacific was the largest market for Wireless Charging IC market globally, with a share exceeding 70% in 2017. Growing use of the product owing to its superior characteristics has been fueling growth of the market in this region.
The Major Players Covered in this Report: IDT, Texas Instruments, NXP/Freescale, ADI/Linear Tech, Qualcomm, Broadcom, STMicroelectronics, On Semiconductor, Semtech, ROHM, Toshiba, Panosonic, Maxim, Generalplus, E-Charging Inc. (CPS), CVSMicro, Xiamen Newyea Tech, ZoneCharge, BOEONE & More.
By the product type, the market is primarily split into: Transmitter ICs, Receiver ICs
By the end users/application, this report covers the following segments: Smart Phones and Tablets, Wearable Electronic Devices, Medical Devices, Automobile Devices, Others
Regional Analysis Market:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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In the end, the objective of the market research report is the current status of the market and in accordance classifies it into a few object. The report takes into consideration the first market players in every area from over the globe.
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