NEW
YORK, June 18, 2024 /PRNewswire/ -- The global
USB car charger market size is estimated to grow by USD 191 million from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of almost
2.93% during the forecast period. Rising penetration of
smartphones and access to internet is driving market growth, with a
trend towards growing penetration of wireless charging outlets.
However, improved battery life in latest smartphones poses a
challenge. Key market players include AINOPE E COMMERCE Ltd.,
Amazon.com Inc., Anker Technology UK Ltd., Apple Inc., AUKEY
Online, Belkin International Inc., Fujitsu Ltd., Huawei
Technologies Co. Ltd., Intex Technologies India Ltd., Koninklijke
Philips N.V., Moshi Corp., Samsung Electronics Co. Ltd., Scosche
Industries, Sony Group Corp., Spigen Inc., Targus, The Duracell
Co., Trianium, Xiaomi Communications Co. Ltd., and Zebronics India
Pvt. Ltd..
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the snapshot
of this report
Usb Car Charger
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
2.93%
|
Market growth
2024-2028
|
USD 191
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
2.81
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 56%
|
Key
countries
|
China, US, India,
Germany, and France
|
Key companies
profiled
|
AINOPE E COMMERCE Ltd.,
Amazon.com Inc., Anker Technology UK Ltd., Apple Inc., AUKEY
Online, Belkin International Inc., Fujitsu Ltd., Huawei
Technologies Co. Ltd., Intex Technologies India Ltd., Koninklijke
Philips N.V., Moshi Corp., Samsung Electronics Co. Ltd., Scosche
Industries, Sony Group Corp., Spigen Inc., Targus, The Duracell
Co., Trianium, Xiaomi Communications Co. Ltd., and Zebronics India
Pvt. Ltd.
|
Market Driver
The global retail market trend towards installing wireless
charging pads in outlets, such as cafes and restaurants, is
expected to negatively impact the demand for USB car chargers. This
shift is due to the convenience and compatibility advantages of
wireless charging, allowing multiple device types to be charged on
a single pad. Notable adopters include Starbucks in the US and
various outlets in South Korea.
This development may expand the USB car charger market during the
forecast period, as the need for these chargers becomes less
essential.
The USB car charger market is experiencing significant growth
with the increasing use of portable devices. Power and convenience
are key factors driving this trend. USB chargers come in various
forms such as wall chargers, car chargers, and portable chargers.
The market offers a range of charging solutions for consumers,
including fast charging and wireless charging options. Devices
support multiple USB ports, allowing users to charge multiple
devices simultaneously. The market also caters to different power
needs, with chargers offering outputs ranging from 5W to 60W.
Additionally, some chargers come with added features like LED
lighting and temperature control. The US market size for USB
chargers is projected to reach USDXX billion by 2025.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• The USB car
charger market may face challenges due to advancements in
smartphone technology. With larger screens, high-definition
displays, powerful processors, and larger batteries, smartphones
can last longer on a single charge. Companies like Samsung and
OnePlus have increased battery capacities to 3,000 mAh and 3,700
mAh, respectively. This reduces the need for constant charging on
long trips, potentially impacting the demand for USB car
chargers.
• The USB car
charger market faces several challenges. With the increasing use of
electronic devices, there is a growing demand for multiple USB
ports in car chargers. However, implementing this feature can be
complex and costly. Another challenge is ensuring compatibility
with various devices and their charging requirements. Additionally,
consumers seek fast charging capabilities, which can be a technical
hurdle for manufacturers. Furthermore, the market is competitive,
with numerous brands offering similar products. Therefore,
differentiating offerings through unique features or pricing
strategies is essential. Lastly, ensuring safety standards and
regulations are met adds to the complexity of the market.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This usb car charger market report extensively covers market
segmentation by
- Type
- End-user
- 2.1 Passenger car
- 2.2 Commercial vehicle
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 USB 2.0- The USB car charger market continues
to grow, driven by the widespread use of USB 2.0 technology. With
speeds up to 480 Mbps and the ability to transfer current up to 500
mA, USB 2.0 has replaced various interfaces, including charging
ones. The USB Battery Charging Specification, released in 2007,
enables charging of both data transfer and dedicated charging
ports, with up to 1.5 A of current. Despite the emergence of USB
3.0, major vendors like Belkin International, Portronics, and Cable
Matters still produce USB 2.0 car chargers, ensuring market
expansion.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The USB car charger market caters to the increasing demand for
charging electronic devices on-the-go. With the proliferation of
various electronic gadgets, power consumption has become a
significant concern. USB car chargers offer reliability and
portability, making them an essential accessory for smartphone
users. These chargers come in various types, including single port
and multi-port options, catering to different user needs. Fast
charging nature is a crucial factor in the market, with USB-C and
Lightning Connector being the latest trends. Additionally, features
like multiple ports, mobile functionality, battery life extension,
data transfer, and docking system enhance the value proposition.
USB-3, USB-B, Micro-USB, Mini-USB, and Portable Power Bank are
other essential components of the market. Wall Chargers and Car
Chargers are the primary application areas for USB car
chargers.
Market Research Overview
The U.S.B car charger market encompasses a range of devices
designed to charge electronic devices in vehicles. These chargers
come in various forms, including portable and mounted options. They
utilize charging technologies such as USB, Type-C, and wireless
charging. The market caters to the growing demand for on-the-go
charging solutions for smartphones, tablets, laptops, and other
portable devices. Consumers seek chargers that offer fast charging,
multiple ports, and compatibility with various devices. The market
is driven by factors such as increasing vehicle electrification,
the proliferation of electronic devices, and the need for longer
battery life. The market is expected to grow significantly in the
coming years due to these trends.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- End-user
-
- Passenger Car
- Commercial Vehicle
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/usb-car-charger-market-size-is-set-to-grow-by-usd-191-millionn-from-2024-2028-rising-penetration-of-smartphones-and-access-to-internet-boost-the-market-technavio-302175358.html
SOURCE Technavio