The North America Wireless Charging IC Market would witness market growth of 19.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Wireless Charging IC Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,424.3 million by 2031. The Canada market is experiencing a CAGR of 22.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 21.2% during (2024 - 2031).
The wireless charging industry has experienced remarkable growth over the past decade, driven by technological advancements and a shift toward more convenient and efficient power delivery systems. At the center of this evolution is this market, which enables wireless power transfer for various electronic devices. Wireless charging integrated circuits (ICs) are essential components in this process, enabling the regulation and conversion of power for both the transmitting and receiving ends.
These ICs are used in many devices and systems, providing the backbone for wireless power transfer solutions. Smartphones, tablets, smartwatches, and other consumer electronics have been some of the earliest adopters of wireless charging technology. These ICs are essential in these devices, enabling easy, contactless charging via compatible charging stations.
The increasing revenues in Canada’s computer and electronic manufacturing industry and the anticipated proliferation of self-driving vehicles in the United States present significant growth opportunities for North America's wireless charging IC market. These trends highlight a growing demand for advanced, efficient, innovative charging solutions across various sectors. In the United States, the forecasted rise in self-driving vehicles—from 3.5 million on the roads by 2025 to 4.5 million by 2030, with 75% of cars expected to be autonomous by 2040—significantly impacts this market. Autonomous vehicles rely heavily on advanced electronics and require efficient, reliable power sources. Thus, the combined effect of rising manufacturing revenues in Canada’s electronic industry and the projected increase in self-driving vehicles in the United States underscores a significant growth trajectory for this market.
Free Valuable Insights: The Wireless Charging IC Market is Predict to reach USD 13.72 Billion by 2031, at a CAGR of 20.2%
Based on Component, the market is segmented into Receiver ICs, and Transmitter ICs. Based on Power Range, the market is segmented into Medium (5W-15W), High (15W and above), and Low (up to 5W). Based on Application, the market is segmented into Consumer Electronics, Automotive, Healthcare, Industrial, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Power Range
By Application
By Country
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