Wireless charging has become a popular way to power devices, such as smartphones and tablets. With so many people carrying devices that need charging, the market for Wireless Charging SOC Chips is growing rapidly. In this blog post, we will explore the global wireless charging SOC chips market growth from 2022-2028. We will also provide insights into the drivers and restraints of the wireless charging SOC chip market.
The wireless charging market is expected to grow from $2.1 billion in 2022 to $5.9 billion by 2028, at a CAGR of 19%. The market is driven by the increasing demand for wireless charging infrastructure and devices, as well as the increasing popularity of electric vehicles.
Absolute Radio offers an overview of the global Wireless Charging SOC Chips market:
The global Wireless Charging SOC Chips market is expected to grow from $2.1 billion in 2022 to $5.9 billion by 2028, at a CAGR of 19%. The market is driven by the increasing demand for wireless charging infrastructure and devices, as well as the increasing popularity of electric vehicles.
Some major players in the Wireless Charging SOC Chips market are RF Microelectronics Corp., Broadcom Inc., Intel Corporation, Qualcomm Inc., Texas Instruments Inc., and Samsung Electronics Co Ltd. These companies are focused on developing and manufacturing wireless charging SOC chips for various applications such as automotive, mobile phones, wearable devices, digital home products, industrial automation, and security systems.
Asia-Pacific will account for the largest share of the global Wireless Charging SOC Chips market in terms of revenue in 2018 owing to the increasing adoption of these technologies in this region. However, growth rates in this region are expected to moderate over the next five years owing to low adoption rates of these technologies among end users. North America will be another key region for Wireless Charging technology due to growing concerns about air pollution.
- Infineon Technologies
- Richtek Technology
- Texas Instruments
- Microchip Technology
- Analog Devices
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Wireless charging is a popular technology that allows devices to be charged by connecting the device to a wireless energy transmitter. The global Wireless Charging SOC Chips market is expected to grow at a CAGR of 19% during the forecast period 2022-2028. This growth can be attributed to the increasing demand for wireless charging across various industries, such as automotive, retail, and healthcare.
The Wireless Charging SOC Chips market has been segmented on the basis of type, application, and region. The type segment is dominated by microchips, which are used in small devices such as smartphones and tablets. The applications segment is expected to witness the highest growth rate owing to their widespread deployment across various industries, such as automotive and health care. The region segment is divided into North America, Europe, Asia Pacific, and RoW. North America dominates the market owing to its large population base and untapped market potential. Asia Pacific is projected to grow at a higher rate than other regions owing to the rising adoption of wireless charging in this region across various industries.
Wireless charging technology is quickly gaining popularity due to its eco-friendly and convenient features. The market for Wireless Charging SOC Chips is expected to grow at a CAGR of 24.2% from 2022 to 2028. This growth can be attributed to the increasing demand for wireless charging consumer electronics, as well as the increasing trend of electric vehicles.
The global Wireless Charging SOC Chips market is expected to grow at a CAGR of over 20% during the forecast period 2018-2023. The market is witnessing an increasing uptake of wireless charging technology owing to its benefits such as environmental friendliness, reduced clutter and improved convenience. This is particularly beneficial for major consumer electronics companies (CE) as it offers them a new way to reduce device weight and size, which in turn leads to increased sales.
• Growing demand for green technology: Advances in green technology are driving the adoption of wireless charging among consumers. Increased awareness about sustainability and reducing negative environmental impact is resulting in increased adoption of this technology. As a result, vendors are innovating their products to include more eco-friendly features such as low power consumption and no emissions. This is benefiting the vendors in terms of increased sales and lower product costs.
• Increasing popularity of wearable devices: Wireless charging is becoming increasingly popular among wearable devices such as smartwatches and wearables, especially among younger users who want more convenient and lightweight gadgets. This trend would continue over the next few years owing to the rising adoption of fitness trackers, smart glasses, headbands etc., which also rely on wireless charging for functionality. Major CE manufacturers are investing in developing innovative wireless chargers that can be used with their respective products. This would augment sales and promote user satisfaction while driving down
The global wireless charging SOC chips market is expected to grow at a CAGR of over 7% during the forecast period 2022-2028. Increasing adoption of wireless charging technology across various end-users such as passenger vehicles, electronic equipment, and portable devices are anticipated to drive the growth of the market.
North America is expected to be the leading region in terms of revenue during the forecast period 2022-2028. The increasing popularity of wireless charging among users in North America is primarily attributed to the increased deployment of smartphones and tablets in this region. Asia Pacific is another lucrative market for Wireless Charging SOC Chips owing to the high demand for chargers and devices in this region. Europe is expected to witness moderate growth during the forecast period 2022-2028 due to the increasing adoption of wireless charging among consumers in this region. Latin America is also emerging as a key market for Wireless Charging SOC Chips owing to the growing demand for mobile devices and chargers in this region.
- To study and analyze the global Wireless Charging SOC Chips market size by key regions/countries, product type and application, history data from 2016 to 2022, and forecast to 2028.
- To understand the structure of the Wireless Charging SOC Chips market by identifying its various subsegments.
- Focuses on the key global Wireless Charging SOC Chips players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in the next few years.
- To analyze the Wireless Charging SOC Chips with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Wireless Charging SOC Chips submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead of the competition. This will give the reader an edge over others as a well-informed decision can be made by looking at the holistic picture of the market
Key question answered in this report
- What will the market size be in 2028 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Table of Contents| Wireless Charging SOC Chips Market
- Part 1: Overview of Wireless Charging SOC Chips Market
- Part 2: Wireless Charging SOC Chips Carts: Global Market Status and Forecast by Regions
- Part 3: Global Market Status and Forecast by Types
- Part 4: Global Market Status and Forecast by Downstream Industry
- Part 5: Market Driving Factor Analysis
- Part 6: Market Competition Status by Major Manufacturers
- Part 7: Major Manufacturers Introduction and Market Data
- Part 8: Upstream and Downstream Market Analysis
- Part 9: Cost and Gross Margin Analysis
- Part 10: Marketing Status Analysis
- Part 11: Market Report Conclusion
- Part 12: Wireless Charging SOC Chips: Research Methodology and Reference
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