The wireless charging chip market is projected to grow at a CAGR of 22.45% during the projected period (2022-2030).
The wireless charging chip has emerged as one of the most important equipment in electronics and semiconductor industries due to increased demand for easy and cable-free power solutions in consumer electronics, automotive, healthcare, and industrial applications. The wireless charging chips market is growing significantly because they meet the demands for convenience from the user's end and progress from the technological perspective. This chip is integrated for power delivery in diverse devices, from smartphones and wearables to electric vehicles (EVs) and medical implantable devices, creating a cable-free environment and enhancing the device's durability by eradicating wear and tear on physical ports. Moreover, the demand for sustainable product design and digitalization with a seamless consumer experience is also contributing to the wireless charging chip market's considerable growth.
Market Trends:
- Surge in Consumer Electronics Adoption: The growing use of wireless charging in consumer electronics, driven by increasing demand for smartphones, wearables, laptops, and tablets, is a key market growth driver. According to July 2024 PIB data, India's electronics sector reached USD 155 billion in FY23, doubling from USD 101 billion in 2017, with mobile phones accounting for 43% of production. This boom fuels demand for transmitter and receiver chips that integrate wireless charging into premium devices, enhancing performance and user experience, a key selling point for manufacturers.
- Trend Toward Faster Wireless Charging: Consumers increasingly demand wireless charging speeds comparable to wired solutions. This trend is evident in flagship smartphones with rapid wireless charging and in electric vehicles (EVs) with dynamic charging systems to minimize downtime. Research into advanced coil designs and efficient thermal management for chips is critical to improving power transfer efficiency, ensuring safety, and optimizing performance.
- Asia-Pacific Growth: Rapid economic development, urbanization, and high-tech adoption make Asia-Pacific a fast-growing market. The surge in EV adoption, supported by government incentives like India's FAME Subsidy (offering ₹20,000 per kWh to state transport units), drives demand for wireless charging solutions in the automotive sector.
Some of the major players covered in this report include ROHM Co., Ltd, Infineon Technologies AG, Maxic Technology, Inc., Texas Instruments Incorporated, and Samsung Electronics Co., Ltd, among others.
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Report Coverage:
- Historical data from 2022 to 2024 & forecast data from 2025 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
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- Revenue Growth and Forecast Assessment of segments and regions including countries
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Wireless Charging Chip Market Segmentation:
By Power Range
- Low Power
- Medium Power
- High Power
By Type
By Application
- Consumer Electronics
- Automotives
- Healthcare
- Industrial Equipment
- Others
By Region
- Americas
- Europe, Middle East & Africa
- Asia Pacific