The Global Wireless Charging Receiver Chip Market size is projected to grow from $1.2 billion in 2020 to $4.8 billion by 2028, at a CAGR of 16%. The major drivers for the growth of this market are increasing demand for wireless chargers with high power output, the growing adoption of smartphones and tablets worldwide, and raising awareness about environmental issues among consumers.
Wireless Charging Receiver Chip can be defined as a chip that receives energy from a wireless charging pad. The Wireless Charging Receiver Chip converts the received energy to electricity and then feeds it into the battery of a mobile device.
Wireless charging is a process that uses an electromagnetic field to transfer energy between two objects. This process can be used for recharging electric batteries, such as the ones in cell phones and MP players. It also has other applications like powering home appliances (such as ceiling fans) or wirelessly transmitting power outside of the battery’s range using harvesting techniques like radio waves which would allow users to charge their devices even when they are not near any outlets.
On the basis of Types, the market is segmented into 5W, 15W, and Others.
The first generation of Wireless Charging Chips is the slowest type with a charging speed of up to about five watts. This allows users to charge their devices in less than two hours while minimizing overheating and guarantees optimal battery life, but it takes longer for the device to be completely charged.
At 15W, the average power consumption is around 0.12A for a wireless charger with an output voltage of 12V and input voltage of 100-240V AC at 50/60Hz. The device can be charged up to 80% in just 35 minutes (0:35h). The uses of 15W are limited to devices with very high power requirements such as laptops, gaming consoles, and certain electric vehicles.
On the basis of Application, the market is segmented into Mobile Phone, Tablet, Other.
Wireless Charging Receiver Chip is primarily being used for mobile phones which offers a convenient way to charge by simply placing the device over or adjacent with an inductive power source, and this technology has been considered as one of the best ways for wirelessly transferring energy from one place to another.
Wireless Charging Receiver Chips can be used in tablets. These chips are found in the battery of a tablet device and help power it up without having to use cables which makes it easier for Tablet users to charge their devices on the go, especially when they travel outside home or office often.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market accounted for a major share due to rising demand from across different industries including Automotive Industry which leads to increasing adoption rates among end-users such as OEMs & Tier-I & II Suppliers.
Latin American region also gained traction on account of factors like growing smartphone penetration coupled with government investments in infrastructure development projects that would help improve charging equipment distribution networks. Europe accounted for significant revenue share owing to various initiatives undertaken by governments in this regard along with improvement in technological advancements which are driving growth potential opportunities over upcoming years. The Asia Pacific is witnessing the fastest growth on account of the increasing demand for wireless charging solutions coupled with government initiatives in infrastructure development projects.
The increasing use of wireless charging technology in smartphones and other devices, for example, tablets are driving the market. Other factors include an increasing number of patents filed for new technologies in order to produce better quality products at a lower price point. Additionally, companies such as Apple Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd. have been investing heavily into marketing their respective brands through sponsorships and advertising campaigns, etc.; also coupled with various governmental initiatives including mandated adoption policies and investments into research programs aimed at developing better wireless charging solutions.
Up Market Research published a new report titled “Wireless Charging Charger Receiver Chip Sales Market research report which is segmented by Types (5W, 15W, Others), By Applications (Mobile Phone, Tablet, Others), By Players/Companies IDT, Broadcom, Qualcomm, STMicroelectronics, E-Charging, ROHM Semiconductor”.
Report Attributes | Report Details |
Report Title | Wireless Charging Charger Receiver Chip Sales Market Research Report |
By Type | 5W, 15W, Others |
By Application | Mobile Phone, Tablet, Others |
By Companies | IDT, Broadcom, Qualcomm, STMicroelectronics, E-Charging, ROHM Semiconductor |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 212 |
Number of Tables & Figures | 149 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 5W, 15W, Others and By Application Mobile Phone, Tablet, Others.
Some of the companies that are profiled in this report are:
Wireless Charging Charger Receiver Chip Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Wireless Charging Charger Receiver Chip Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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