Wireless Charging ICs Market Growth Dynamics, Potential Opportunities and Regional Outlook to 2024
Date: 2019-02-04   Author: Ronak Bora  Category: #market

Wireless Charging ICs Market Growth Dynamics, Potential Opportunities and Regional Outlook to 2024

Wireless Charging ICs Market size is anticipated to grow substantially over the forecast time span owing to the rise in the demand of compact design for portable consumer electronic devices. These chips occupy less space, which allows device manufacturers to integrate other technologies into the products. It offers several features such as multiple device charging, compatibility, and connection with different devices and convenient solutions. Several advantages of the integration of these components into the electronic devices are high security, mobility, prolonged usage, and technical innovations. This is one of the factors driving the wireless charging ICs market.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2908

The rise in the demand for these components in smart devices, such as smartphones and smartwatches, is contributing substantially to the growth of wireless charging ICs market. Smart devices are integrated with these chips to provide desirable shapes and additional features & functions, which will improve the performance of the products such as sensors. Several smartphone manufacturers, such as iPhone and Samsung, are providing this function in their offerings. Apple’s iPhone 8, iPhone X, Sony Xperia XZ3, and LG are some of the mobile phones integrated with these chips. Similarly, Samsung’s S7, S7 edge, S6, Note 5, and Note 7 are some of the devices, which are offering this feature to the customers. This is eventually growing the demand for these chips in the wireless charging ICs market.

The growing demand for electric vehicles in the automobile industry is expected to drive the wireless charging ICs market growth. The integration of these components into electric vehicles will provide advanced charging features, which will drive the wireless charging ICs market growth. Manufacturers of these components will then target their offerings to the automobile industry. With the growing adoption of these vehicles in the future due to several air pollution initiatives by governments, component manufacturers will experience a high demand in the industry creating new opportunities for the wireless charging ICs market.

Request for customization @ https://www.gminsights.com/roc/2908

The healthcare sector is expected to witness a high industry growth over the forecast timespan in the wireless charging ICs market. The growing demand for wearable devices in the sector is increasing rapidly. The integration of the technology with these devices is providing the customers to use these products even when it is in the charging condition. Fitness bands, which are used by sportspersons do not need the charging chords and wire. Several medical devices, which are integrated with this feature are neuro simulators and pacemakers. The applications of these components in the medical sector will enhance the operability and performance of these medical devices, thereby driving the growth of the wireless charging ICs market.

Asia Pacific holds a high industry share in the wireless charging ICs market among other regions. The growing demand for consumer electronic devices, such as smartphones and smart wearables in the region, is expected to drive the wireless charging ICs market growth. Manufacturers of these components are targeting their products for the consumer electronics market, encouraging developers of smart devices to integrate these components into their devices. Furthermore, incorporating medical devices with these components ensures efficiency and productivity thereby having a high potential for growth, providing an opportunity to the manufacturers. This will spur the growth of the wireless charging ICs market in the future.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/wireless-charging-ics-market

Key players operating in the wireless charging ICs market are Qualcomm, Inc., NXP Semiconductors Texas Instruments, Inc., Broadcom Corp., MediaTek, Inc., Toshiba Corp., ROHM Semiconductor, On Semiconductor, Integrated Device Technology, Inc., WÜRTHELEKTRONIK GMBH & CO. KG, ROHM Semiconductor, Vishay Intertechnology, Inc., TDK Corporation, Elytone Electronic Co., Ltd., Linear Technology, among others. These players are competing based on the demand and specifications of their customers.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

...

Read More

More from Ronak


Post Recommendents

Neuromorphic Computing Market Global Outlook on Key Growth Trends, Factors
Author: Partha Ray

The latest report on ' Neuromorphic Computing market' as Added by Market Study Report, LLC, offers comprehensive details on industry size, regional spectrum and revenue estimates of the business. In addition, the report stresses on major challenge...


Nerve Monitoring System Market 2019 Global Analysis, Trends, Forecast up to 2025
Author: Partha Ray

The newest report on ' Nerve Monitoring System market' now available a MarketStudyReport.com, offers concise facts about the geographical landscape, industry size and revenue estimation of the business. Additionally, the report focuses on challeng...


Needles Market Detail Analysis focusing on Application, Types and Regional Outlook
Author: Partha Ray

The latest report on ' Needles market' now available at MarketStudyReport.com, delivers facts and numbers regarding the market size, geographical landscape and profit forecast of the ' Needles market'. In addition, the report focuses on major obst...