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Wireless Charging ICs Market Growth Propelled by Growing Demand for Electric Vehicles in The Automobile Industry Over 2018-2024

Author : Ronak Bora | Published Date : 2019-05-03 

The Global Wireless Charging ICs Market Report 2018-2024 analyzes the important factors of this market based on present industry situations, market demands, business strategies utilized by the market players and their growth synopsis. This report divides based on the key players, type, application and regions are mentioned below.

The growing demand for electric vehicles in the automobile industry is expected to drive the wireless charging ICs market growth. The integration of these components into electric vehicles will provide advanced charging features, which will drive the wireless charging ICs industry growth. Manufacturers of these components will then target their offerings to the automobile industry. With the growing adoption of these vehicles in the future due to several air pollution initiatives by governments, component manufacturers will experience a high demand in the industry creating new opportunities for the wireless charging ICs market.

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The growing demand for miniaturized components in several electronic devices is augmenting the wireless charging ICs market growth. Several advantages provided by the miniaturization of the components are portability, reduction in cost, energy, and material consumption. It also enhances the configuration & design, sensing & control, and the fabrication of the devices. Electronic components, such as semiconductors, capacitors, chips, and electronic circuits, are being manufactured in small sizes to offer portable and slim shapes to electronic devices. Such enhancements and innovations in the semiconductor industry are projected to propel the wireless charging ICs industry.

Receiver ICs are expected to witness a high growth in the wireless charging ICs market. Several advantages offered by the integration of these components include high efficiency, flexibility, and compact design, which will enhance the physical size and the battery life of the devices. These components are integrated into several devices such as tablets, smartphones, smart watches, and several other related accessories. Several component manufacturers are developing new technologies to cater to the demand and specifications of the customer.

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Asia Pacific holds a high industry share in the wireless charging ICs market among other regions. The growing demand for consumer electronic devices, such as smartphones and smart wearables in the region, is expected to drive the wireless charging ICs industry growth. Manufacturers of these components are targeting their products for the consumer electronics market, encouraging developers of smart devices to integrate these components into their devices. Furthermore, incorporating medical devices with these components ensures efficiency and productivity thereby having a high potential for growth, providing an opportunity to the manufacturers.

Key players operating in the wireless charging ICs market are Qualcomm, Inc., NXP Semiconductors Texas Instruments, Inc., Broadcom Corp., MediaTek, Inc., Toshiba Corp., ROHM Semiconductor, On Semiconductor, Integrated Device Technology, Inc., WÜRTHELEKTRONIK GMBH & CO. KG, ROHM Semiconductor, Vishay Intertechnology, Inc., TDK Corporation, Elytone Electronic Co., Ltd., Linear Technology, among others.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/wireless-charging-ics-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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