Global Wireless Charging ICs Market to Rise at a CAGR of 24.54% during the period of 2016–2024

Albany, New York, April 3, 2017:  The global wireless charging ICs market is greatly influenced by the mounting demand for consumer electronics. Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new research report to its enormous online archive. This research report is titled as “Global Wireless Charging ICs Market–Industry Analysis Size Share Growth Trends and Forecast 2016–2024”. It is a professional and thorough analysis on the current state and future prospect of the global wireless charging ICs market. The report includes a wide-ranging executive summary along with a market overview providing comprehensive picture about all aspects related to the industry.

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According to key findings of the report, the global market for wireless charging ICs is predicted to grow at a remarkable CAGR of 24.54% between 2016 and 2024. Rising at this pace, the market evaluation will reach a value of US$10.14 billion by the end of 2024 from US$1.43 billion in 2015. This growth rate is attributed to the rising demand from the consumer electronics, medical devices and automobile sector. The report provides precise assessment of various growth drivers, impacting the market, along with the restraints, risks and opportunities.

Furthermore, the global market for wireless charging ICs is scrutinized by segmenting it on the basis of type, components, power solution and application. Based on type, the market has been divided into transmitter ICs and receiver ICs. Also, on the basis of components, the market is fragmented into relays, circuit breakers and others. Moreover, the application types mentioned in the study are:

  • Smart phones and tablets
  • Wearable electronics devices
  • Medical devices
  • Automobile devices
  • Others

Market dynamics and challenges have been analyzed for each segment within the scope of the report. All these aspects helps in identifying various market trends, which have been effecting the progress of the market. After taking these aspects into account, a comprehensive analysis of segment wise growth parameters along with the overall assessment of revenue, market share and market size with a forecast for the period 2016-2024 have been provided in the report. On the basis of geographical locations, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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Some of the major companies operating in the market include NXP Semiconductors (Netherlands), Qualcomm Inc. (U.S), Broadcom Corporation (U.S), MediaTek Inc. (Taiwan), Toshiba Corporation (Japan), On Semiconductor (U.S), Texas Instruments Inc. (U.S), Linear Technology (U.S) and ROHM Co. Ltd.(Japan) among others. The report provide the profiles of major players operating in the market in terms of various aspects such as company overview, business strategies, financial overview, SWOT analysis, market presence (by Segment and geography) and major recent developments.

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