According to a new report, published by KBV research, The Global Wireless Charging IC Market size is expected to reach $13.72 billion by 2031, rising at a market growth of 20.2% CAGR during the forecast period.
Establishing universal wireless charging standards, such as Qi, has also contributed to widespread adoption. The Qi standard has become the de facto standard for wireless charging in consumer electronics, and support from major companies like Apple, Samsung, and others has helped drive the proliferation of wireless charging-enabled devices.
The Receiver ICs segment is experiencing a CAGR of 19.9 % during the forecast period. Receiver ICs play a crucial role in converting the received wireless power into a usable form for the device, making them a key component in the wireless charging process. As wireless charging technology becomes increasingly common in smartphones, tablets, wearables, and other consumer electronics, the demand for receiver ICs has risen, driving their dominant share in the market.
The Medium (5W-15W) segment led the maximum revenue in the Global Wireless Charging IC Market by Power Range in 2023, thereby, achieving a market value of $7.1 billion by 2031. This power range is widely used in various consumer electronics, such as smartphones, tablets, wearables, and other devices that require moderate charging power. The popularity of medium-power wireless charging solutions is driven by their ability to deliver efficient charging speeds while being compatible with a wide range of devices.
The Consumer Electronics segment is growing at a CAGR of 19.1 % during the forecast period. This segment leads the market due to the widespread adoption of wireless charging technology in smartphones, tablets, wearables, and smart home devices. As consumer demand for wireless charging solutions continues to grow, especially in smartphones and other portable electronics, the consumer electronics sector remains a major contributor to the market’s revenue share.
Full Report: https://www.kbvresearch.com/wireless-charging-ic-market/
The North America region dominated the Global Wireless Charging IC Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4.8 billion by 2031. The Europe region is anticipated to grow at a CAGR of 19.9% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 20.9% during (2024 - 2031).
By Component
By Power Range
By Application
Unique Offerings 
