Wireless Charging SOC Chips Market

Market Overview

According to Reed Intelligence the Wireless Charging SOC Chips Market Size will approximately grow at a CAGR of 4.1% during the forecast period.

This technology's market is expanding due to the exploding demand for wireless charging System on Chip (SOC) processors in numerous industries. Utilizing a system-on-a-chip (SOC) designed specifically for wireless charging has made it possible for individuals to charge their electronic devices without the hassle of managing cables and connections.

The wireless charging SOC processor market is anticipated to develop considerably over the next few years due to the increasing use of wireless charging technology in a variety of products, including but not limited to smartphones, wearables, and electric vehicles. The increasing prevalence of wireless charging indicates that the technology is becoming more practical and user-friendly. Positive indication of the increasing utility and usability of the technology.

Market Dynamics

Market Drivers

Demand for wireless charging SOC processors rises in step with the growing number of users who have discovered the convenience of this charging method. Wireless charging is hassle-free since it doesn't require any connections or wires, and it frees up valuable space on work surfaces.

Demand for wireless charging technologies is on the rise in tandem with the proliferation of smartphones and wearable electronics. The proliferation of wireless charging features among smartphone and wearable device makers is a key factor propelling the SOC chip market for wireless charging forward.

With the increased popularity of EVs comes a corresponding rise in demand for wireless charging infrastructure. The increasing popularity of electric vehicles is fueling the development of the wireless charging SOC chips industry.

The expansion of the wireless charging SOC chips market is being fueled by technological advancements like as better power efficiency, faster charging periods, and compatibility with a larger variety of devices. Manufacturers are spending extensively on R&D to enhance the features of wireless charging SOC chips, which is contributing to the market's expansion.

Market Restraints

Some consumers and businesses may be hesitant to embrace wireless charging System-on-Chip (SOC) processors due to their higher price compared to more conventional charging options.

Currently, there exist several wireless charging protocols, thereby providing a plethora of alternatives for selection. Although challenges related to compatibility may emerge between electronic devices and charging devices, there are viable remedies that can be employed to guarantee the wireless charging of your devices. Despite encountering certain obstacles, wireless charging exhibits promising prospects for extensive adoption in the forthcoming times.

Market Opportunities

Since more people are starting to consider purchasing electric vehicles, there has been a rise in interest in wireless charging systems. Since effective and convenient charging options are needed for electric cars, this bodes well for the market for wireless charging SOC processors.

Exponential growth into new markets Medical devices, drones, and smart home gadgets are just a few examples of other fields that might benefit from wireless charging technology. Because of this, the market for wireless charging System-on-Chip (SOC) has a great chance to grow and enter new fields.

• Technology Development

As wireless charging technology progresses, chances to enhance power efficiency, shorten charging periods, and make it compatible with more devices arise. As a result, the wireless charging System-on-Chip (SOC)  market has an opportunity to expand and better serve the demands of consumers and businesses.

New prospects for the wireless charging System-on-Chip (SOC)  chip industry may arise as a result of government measures encouraging the use of electric cars and renewable energy sources. Incentives for improved charging infrastructure and widespread use of wireless charging technology are part of this.

Consumers want wireless charging choices that are as fast as or faster than their current wired ones. The widespread use of energy-intensive gadgets like cell phones, laptops, and electric cars has spurred this development.

Market Scope

Segmental Analysis

Segment by Type

• 10W Below

These System-on-Chip (SOC) devices are capable of wirelessly transmitting up to 10W of charging power. Perfect for charging that wristwatch, Bluetooth headset, or smartphone.

• 10-15W

In this market, System-on-Chip (SOC) processors can deliver 10W to 15W of power for wireless charging. These may be used to power bigger gadgets like tablets and even certain smaller laptops.

• 15W Above

In this space, System-on-Chip (SOC)  processors have the potential to deliver an impressive 15W or more of wireless charging power. Smaller gadgets can also benefit from them as they provide sufficient charging power.

Segment by Application

• Wearable Device

These System-on-Chip (SOC)  processors are designed to make wireless charging of compact wearables such as smartwatches, fitness monitors, and wireless headphones a breeze! These chips are small and energy-efficient, which makes them an ideal choice for embedded applications.

• Industrial Electronics

Industrial equipment including scanners, point-of-sale systems, and portable terminals can benefit from wireless charging thanks to SOC processors in this market. These gadgets are sturdy, trustworthy, and constructed to last through the roughest of environments.

• Medical Electronics

The System-on-Chip (SOC) devices available in the market are designed with a specific purpose of providing wireless power to medical equipment such as insulin pumps and hearing aids. The charging system adheres to medical safety regulations and guarantees a safe charging encounter.

Regional Analysis

The Global Wireless Charging SOC Chips Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The vast number of smartphone and wearable device users in North America is a major factor in the region's predicted leadership in the wireless charging SOC processors market. The North American market for wireless charging SOC processors is led by the United States, with Canada and Mexico close after.

As wireless charging technology becomes more widely used, the European market is predicted to expand rapidly over the next several years. In Europe, the biggest markets for wireless charging SOC processors are the UK, Germany, and France.

The enormous number of smartphone and wearable device users in Asia and the Pacific should make this area the most rapidly expanding market for wireless charging SOC processors. In the Asia-Pacific region, the biggest markets for wireless charging SOC processors are China, Japan, and South Korea.

As wireless charging technology becomes more widely used, the Latin American industry is forecast to expand at a modest rate over the next several years. In Latin America, wireless charging system on a chip (SOC) sales are highest in Brazil and Mexico.

The rising acceptance of wireless charging technology in a wide range of applications is likely to fuel moderate development in the Middle East and Africa market in the coming years. When it comes to SOC processors for wireless charging, the Middle East and Africa's biggest markets are Saudi Arabia, the United Arab Emirates, and South Africa.

Key Players

1. NXP
2. Broadcom
3. ROHM
4. Infineon Technologies
5. STMicroelectronics
6. Richtek Technology
7. Texas Instruments
8. Toshiba
9. Microchip Technology
10. Analog Devices
11. Semtech
12. Maxic Technology
13. NuVolta
14. ConvenientPower Semiconductor
15. Injoinic Technologies

Recent Developments

The new wireless charging solutions from Qualcomm were revealed in February 2021, and they will be available for smartphones and other mobile devices. Platforms from Qualcomm's Snapdragon 4 and 7 series are included in the solutions; they provide built-in wireless charging support.