The
presence of a large pool of participants, such as NXP Semiconductors,
Qualcomm Inc., and Vishay Intertechnology Inc., points towards a
highly fragmented and competitive structure of the global wireless
charging ICs market, states a reserch report by Transparency Market
Research (TMR). Researchers predict the rivalry between the players
to intensify in the near future.
According
to the research report, the global market for wireless charging ICs
was worth US$1.43 bn in 2015. Rising at a noticeable CAGR of 24.54%
during the period from 2016 to 2024, researchers estimate this market
to cross US$10.14 bn mark in terms of value by the end of the
forecast period. The demand for receiver ICs is greater than other
ICs and is projected to remain enjoying the lead in this market over
the years to come.
Browse
The Report:
http://www.transparencymarketresearch.com/wireless-charging-ics-market.html
Rising
Demand for Wireless Charging ICs in Consumer Electronics to Ensure
Asia Pacific’s Lead
An
assessment of the worldwide market for wireless charging ICs on the
basis of its geographical spread across North America, the Middle
East and Africa, Europe, Asia Pacific, and Latin America has also
been provided in this research study. In 2015, Asia Pacific led the
global market with a share of more than 31%. Analysts project this
regional market to retain its dominance over the period of the
forecast, thanks to the rising demand for these ICs in the consumer
electronics sector. The escalating demand for smartphones and tablets
in a number of Asian countries, such as India, Japan, and China, is
also expected to support the growth of the Asia Pacific market for
wireless charging ICs in the years to come.
North
America, which stood second in 2015, is anticipated remain seated in
this position throughout the forecast period, owing to the rising
usage of wireless charging electronics devices in the public sector.
The swelling demand for wireless charging technology across various
consumer electronic devices, such as laptops, computers, televisions,
gaming devices, tablets, and mobiles are also expected to add to the
progress of the North America wireless charging ICs market
significantly in the near future, notes the research study.
Increasing
Demand for Consumer Electronics to Propel Market
“The
rising penetration of consumer electronics across the world is having
the most prominent impact on the global wireless charging ICs
market,” says an analyst. Owing to the increasing demand for
wireless charging, these ICs have found a widespread application in
electronic devices, such as mobile, tablet, and laptops, which as a
result, is reflecting positively on the worldwide market for wireless
charging ICs. However, the market may face issues from the
manufacturing standardization to some extent during the forecast
period.
Going
forwards, the market is likely to gain significantly in the near
future from the technological advancements, such as the
miniaturization and compact designing of these IC packages for their
efficient integration into various portable consumer electronics.
Apart from this, the healthcare and the aerospace industries are
likely to offer lucrative opportunities for wireless changing
technology in the coming years, which in turn, will benefit the
market substantially. The increasing deployment these ICs in
automobiles is also projected to boost this market considerably in
the near future, states the report.
About
Us
Transparency
Market Research (TMR) is a next-generation provider of syndicated
research, customized research, and consulting services. TMR’s
global and regional market intelligence coverage includes industries
such as pharmaceutical, chemicals and materials, technology and
media, food and beverages, and consumer goods, among others. Each TMR
research report provides clients with a 360-degree view of the market
with statistical forecasts, competitive landscape, detailed
segmentation, key trends, and strategic recommendations
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