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Wireless Charging IC Market Share

Report ID: GMI2908
Published Date: Jul 2024
Report Format: PDF

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Wireless Charging IC Market Share

Samsung and Qualcomm Incorporated hold a significant share of over 30% in the market. Samsung Electronics, a global leader in consumer electronics, has integrated wireless charging technology into a wide range of its flagship smartphones and wearable devices. The company's innovative approach to wireless charging has helped drive adoption among consumers worldwide, contributing significantly to its market share. Samsung's commitment to advancing wireless charging standards and improving charging efficiency has solidified its position as a key player in shaping the evolution of wireless charging ICs.

Qualcomm Incorporated, renowned for its expertise in semiconductor and wireless technology, plays a pivotal role in developing and supplying wireless charging ICs to manufacturers across various sectors. Qualcomm's Snapdragon platforms often integrate advanced wireless charging capabilities, supporting fast charging protocols and ensuring compatibility with multiple wireless charging standards. The company's continuous innovation in wireless power technology and strategic partnerships with leading device manufacturers further strengthen its market presence and influence.

Wireless Charging IC Market Companies

Major players operating in the wireless charging IC industry are:

Samsung
Qualcomm Incorporated
STMicroelectroncis
Infineon Technologies AG
Texas Instruments Incorporated
MediaTek Inc.
ConvenientPower HK Limited

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Industry size for wireless charging IC was worth USD 2.81 billion in 2023 and will grow at 22.8% CAGR between 2024 and 2032, fueled by the increasing adoption of smartphones, wearables, and electric vehicles equipped with wireless charging capabilities.

Wireless charging IC market from the transmitter IC segment captured 50% share in 2023, propelled by its critical role in transmitting power efficiently to charging devices.

Asia Pacific industry registered 45% share in 2023, owing to the robust electronics manufacturing base, high smartphone penetration, and rapid adoption of electric vehicles.

Key players operating in the wireless charging IC industry are Samsung, Qualcomm Incorporated, STMicroelectroncis, Infineon Technologies AG, Texas Instruments Incorporated, MediaTek Inc., and ConvenientPower HK Limited, among others.