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Wireless Charging ICs Sales to Grow by 16.7% CAGR as Adoption of Wireless Technology Picks Up in Consumer Electronics Industry: Future Market Insights- Future Market Insights' incisive analysis on the global wireless charging ICs market provides readers with 360-degree view of the entire landscape. The study reveals key information regarding growth drivers, opportunities, and trends across multiple segments and major regions for the forthcoming decade. For the purpose of the study, the market has been classified in terms of products, power range, and applications. DUBAI, U.A.E, Sept. 23, 2021 /PRNewswire/ -- ESOMAR-certified consulting firm Future Market Insights (FMI) has published a report on the global wireless charging ICs market, studying its growth trajectory for the forecast period between 2021 and 2031. As per the study, increasing adoption of wireless charging technology in automotive and consumer electronics industries will drive sales in the market. The market will continue to exhibit remarkable growth through 2021 with worldwide revenue up by 15.8% year-over-year in 2021. FMI also projects the market to register growth at 16.7% CAGR, reaching US$ 9.7 Bn by 2031. Key manufacturers are continuously upgrading their product portfolio through the integration of artificial intelligence (AI) and internet of thinking (IoT). Recent developments offers by market players are aimed at meeting the consistent demand for advanced technologies in automotive and consumer electronics industries. Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-13304 Growing sales of electric vehicles across emerging economies such as India, China, and Japan also will spur the sales of wireless charging ICs. Consumers' preference for autonomous, connected, electric, and wireless vehicles will increase the application of wireless charging technology. Subsequently, adoption of electric and autonomous-advanced home appliances such as electric toothbrush, earphones, notebooks, and smartphones will increase the sales during the forecast period. "Demand for sensor and advanced technology to make consumer goods more efficient and smarter has compelled manufacturers to increase the adoption of cutting-edge technologies such as AI and IoT. This is expected to increase the competition in the market, while creating ample growth opportunities for players," says the Future Market Insights analyst. Key Takeaways from Wireless Charging ICs Market Survey
Key Drivers
Key Restraints
Competitive Landscape As per Future Market Insights, NXP Semiconductors, Qualcomm Inc., Renesas Electronics Corporation, Analog Devices Inc., and Texas Instruments Inc. are identified as the top 5 players. Adoption of cutting-edge technologies such as artificial intelligence and internet of thinking to improve existing cyber security solutions is the new growth strategy of key players. Key players are also focusing on expanding their product portfolio through adding innovative capabilities which will assist them in upgrading their existing products.
Prominent players operating in wireless charging ICs market profiled by Future Market Insights include:
More Valuable Insights into Wireless Charging ICs Market In its latest report, Future Market Insights offers comprehensive insights on the global wireless charging ICs market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study offers incisive coverage on the global wireless charging ICs market with an unbiased analysis, segmented on the basis of: By Product:
By Power Range:
By Application:
By Region:
Key Questions Covered in the Wireless Charging ICs Market Report
Purchase a report to know more about the Wireless charging ICs Market: https://www.futuremarketinsights.com/checkout/13304 Explore FMI's Extensive Coverage on Technology Web Real Time Communication Solution Market : The demand for web real time communication solution is expected to top US$ 4,528.3 Mn in 2021. As per Future Market Insights (FMI) analysis, the market will register impressive growth at 44.4% CAGR between 2021 and 2031, as enterprises around the world are exhibiting high demand for web real time communication solutions and services. AI in Fraud Management Market : The AI in fraud management solutions revenue totaled ~US$ 6.5 Bn in 2020, according to Future Market Insights. The overall market is expected to reach ~US$ 39.5 Bn by 2031, growing at a CAGR of 18.0% for 2021 – 31. Industrial Access Control Market : Future Market Insights (FMI) projects the industrial access control product demand outlook to remain positive, with sales predicted to surpass US$ 3,653.5 Mn by 2021. Continued use of access control systems across various industrial sectors such as automotive, paper and pulp, chemicals is expected to propel the year over year growth at 9.0% in the market in 2021. About Future Market Insights Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centres in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. Contact: Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg |