Global Wireless Charging ICs Market - Ahmadnagar

Global Wireless Charging ICs Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of around XX % during a forecast period.

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The major growth driver of global wireless charging ICs market is the increasing penetration of technologically advanced electronic devices. Because of the rising demand and popularity of wireless charging, the ICs have found wide applications in varied electronic equipment such as mobiles, laptops, and tablets. This in order is expected to positively impact this global market. This global market is expected to grow significantly in the upcoming years because of technical developments such as the compact and miniaturization designing of these IC packages for their proficient incorporation into different portable customer electronic devices. The rising operation of these ICs in automobiles is also expected to boost the wireless charging ICs market in the forecast period.

The growing popularity of wireless charging ICs market might be restrained by the market’s saturation with duplicate items. This, in turn, has reduced the consumer’s trust.

Based on type, Receiver ICs enjoy a larger demand from consumers than transmitter ones and is predicted to remain the most valued product in this market over the coming years. The former accounted for a demand share of over 64% in 2015. The phenomenal growth of wireless charging is projected to fuel the sales of receiver ICs in the future, on account of their multiple product charging capabilities.

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