Wireless Charging IC Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Wireless Charging IC Market
The global wireless charging IC market size was valued at USD 3.83 billion in 2023, and the market is now projected to grow from USD 4.66 billion in 2024 to USD 23.32 billion by 2032, exhibiting a CAGR of 22.3% during the forecast period of 2024-2032.
A wireless charging IC is a chip that transfers energy from transmitter to receiver in wireless charging systems. This market focuses on the manufacturing and sales of these ICs, which are designed for wireless charging applications. They provide numerous advantages such as efficient energy transfer, battery management, and safety, thereby driving the wireless charging IC market growth.
The COVID-19 pandemic had a mixed impact on the market for wireless charging IC. The pandemic led to surged demand for consumer electronics and health-related devices.
The growing demand for consumer electronics, including smartphones and wearables, drives the wireless charging IC market. The expansion of the smartphone industry has led to increased sales of wearable devices, driving the demand for compact and efficient wireless charging solutions. With the increased adoption of standardized wireless charging methods, market growth is anticipated to rise.
Comprehensive Analysis of Wireless Charging IC Market
The market is segmented into three categories including component, power range, and application. In terms of components, the market is divided into transmitter ICs and receiver ICs, with receiver ICs leading the market. This is due to their capability to convert received energy into usable power for devices. In terms of power range, the market is segmented into low (up to 5W), medium (5W-15W), and high (15W and above). The medium power range dominates the market owing to its versatility in supporting different consumer electronics. In terms of application, the market is categorized into consumer electronics, automotive, industrial, healthcare, and others. Consumer electronics leads the market due to the extensive use of wireless charging ICs in various portable devices.
North America accounts for the largest wireless charging IC market share owing to the region’s high demand for innovative consumer electronics and a strong infrastructure for implementing new technologies. The U.S. holds the major market share driven by its advanced competitive landscape and a robust consumer demand for innovative electronics.
The major players in the market are Qualcomm Technologies, Inc. (U.S.), Texas Instruments Incorporated (U.S.), NXP Semiconductors (Netherlands), Broadcom (U.S.), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), ROHM Co., Ltd. (Japan), MediaTek (Taiwan), Semtech (U.S.), Analog Devices, Inc. (U.S.), Cirrus Logic, Inc. (U.S.), ChargerLab (U.S.), Wireless Power Consortium (U.S.), Microchip Technology Inc. (U.S.), Premier Farnell Limited (U.K.), indie Semiconductor (U.S.), and EDOM Technology (Taiwan).
In February 2023, Renesas Electronics Corporation showcased its advanced power transmission technology at the ISSCC in San Francisco. Notable highlights include a single-chip wireless power transmitter that improves accuracy and safety, as well as adaptive Zero-Voltage Switching (ZVS) technology, which reduces EMI and enhances efficiency. This technology enables wireless power transmission of up to 25W with Qi receivers and 40W with proprietary solutions.
Segmentation Table
Global Wireless Charging IC Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 22.3% from 2024 to 2032
Segmentation By Component, Power Range, Application, and Region
By Component
Transmitter ICs
Receiver ICs
By Power Range
Low (up to 5W)
Medium (5W-15W)
High (15W and above)
By Application
Consumer Electronics
Automotive
Industrial
Healthcare
Others (Aerospace and Defense)
By Region
North America (By Component, Power Range, Application, and Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
South America (By Component, Power Range, Application, and Country)
Brazil (By Application)
Argentina (By Application)
Rest of South America
Europe (By Component, Power Range, Application, and Country)
U.K. (By Application)
Germany (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Russia (By Application)
Benelux (By Application)
Nordics (By Application)
Rest of Europe
Middle East & Africa (By Component, Power Range, Application, and Country)
Turkey (By Application)
Israel (By Application)
GCC (By Application)
North Africa (By Application)
South Africa (By Application)
Rest of the Middle East & Africa
Asia Pacific (By Component, Power Range, Application, and Country)
China (By Application)
Japan (By Application)
India (By Application)
South Korea (By Application)
ASEAN (By Application)
Oceania (By Application)
Rest of Asia Pacific
Companies Profiled in the Report
Qualcomm Technologies, Inc. (U.S.)
Texas Instruments Incorporated (U.S.)
NXP Semiconductors (Netherlands)
Broadcom (U.S.)
STMicroelectronics (Switzerland)
Infineon Technologies AG (Germany)
ROHM Co., Ltd. (Japan)
MediaTek (Taiwan)
Semtech (U.S.)
Analog Devices, Inc. (U.S.)