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Wireless Charging IC Market Trends

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

Wireless Charging IC Market Trends

The integration of wireless charging ICs with the Internet of Things (IoT) and smart devices is a significant trend driving the market forward. As the adoption of IoT continues to expand across various industries, the demand for seamless and efficient power solutions for connected devices increases. Wireless charging ICs provide a convenient and efficient way to power a wide range of IoT devices, including sensors, wearables, smart home devices, and industrial IoT applications.
 

In smart homes, wireless charging pads and surfaces are becoming more common, enabling users to charge multiple devices simultaneously without the need for numerous cables. In industrial settings, IoT sensors and devices that monitor and optimize processes benefit from wireless charging solutions, reducing maintenance and downtime associated with wired connections. This trend is expected to continue as the IoT ecosystem grows, driving the demand for advanced wireless charging ICs that offer higher efficiency, faster charging speeds, and compatibility with various device form factors.
 

For instance, in August 2022, The South Korean research team at Sejong University has developed a wireless charging system that can safely transfer high levels of power over distances of up to 30 meters. This wireless charging technology was developed to eliminate the need for power cords and cables, enabling wireless power transfer for a variety of applications such as IoT devices, sensors, and even mobile devices with further development.
 

Radio Frequency (RF)-based wireless charging technologies have seen significant advancements, paving the way for innovative and flexible power solutions across various applications. One of the primary advancements in RF-based wireless charging technology is the extended charging range. Traditional inductive charging methods require close proximity and precise alignment between the charger and the device. In contrast, RF-based charging allows devices to be charged from a distance, providing greater flexibility and convenience. This technology can deliver power over several meters, making it suitable for powering a wide range of devices within a specific area, such as wearables, IoT sensors, and smart home devices.
 

For example, in January 2023, The AirFuel Alliance has announced the release of a new global standard for RF (radio frequency) wireless power transfer called AirFuel RF. This standard enables wireless charging of multiple devices simultaneously at a distance of up to a few meters, providing true freedom of movement without the need for precise device placement or wired connections.
 

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.

Wireless Charging IC Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 24
  • Tables & Figures: 367
  • Countries covered: 21
  • Pages: 270
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