LONDON–()–The global USB car charger market is expected to post a CAGR of more
than 1% during the period 2019-2023, according to the latest market
research report by Technavio.

With constant technological innovations and declining prices of
electronic components, the sale of smartphones and wearables are growing
exponentially across the world. The need for charging these devices
while traveling is propelling the demand for USB car chargers. Some of
the smart wearable and IoT devices such as VR headsets, fitness
trackers, smartwatches, wireless sensors, and monitoring devices suffer
from short uptime issues. As a result, USB car charger manufacturers are
focusing on developing power-efficient technology solutions, such as
more than one output point and higher power output, to keep these
devices running for a long duration.

As per Technavio, the adoption of in-car wireless charging will have a
positive impact on the market and contribute to its growth significantly
over the forecast period. This global
USB car charger market 2019-2023
research
report also analyzes other important trends and market drivers that will
affect market growth over 2019-2023.

Global USB car charger market: Increasing
dependence on smartphones for applications while driving

Vehicle owners are extensively dependent on smartphones while driving
for several applications including entertainment and navigation.
Smartphones can be connected to Apple CarPlay or Android Auto when they
are charged on-the-go. In this context, USB car chargers help users to
use their phones while traveling and reduce battery drainage while using
battery-intensive navigation applications. Also, automakers are
developing advanced human-machine interface (HMI) capable of integrating
with smartphones which drains batteries faster, driving the USB car
charger market.

“The automotive industry is growing at a rapid pace across the world,
especially in emerging economies with the constant growth in sales of
passenger cars and commercial vehicles. This is mainly due to the
significant increase in urbanization in emerging countries such as India
and China. The robust growth of the automotive industry in emerging
economies will be a prime factor that will boost the growth of the USB
car charger market during the forecast period,”
says a senior
research analyst at Technavio.

Global USB car charger market: Segmentation
analysis

This market research report segments the global USB car charger market
by product (USB 2.0, and USB 3.0) and geographic regions (North America,
Europe, APAC, South America, and MEA).

The USB 2.0 segment held the largest USB car charger market share in
2018. USB 2.0 is a high-speed connection providing speeds up to 480 Mbps
in terms of data transfer. USB 2.0 has replaced several interfaces,
including conventional power delivering interfaces, which involved the
integration of different types of charging cables in a single charger.

The APAC region led the market in 2018 with a market share of close to
42%, followed by North America, Europe, South America, and MEA
respectively. The market growth in APAC can be attributed to the rising
sales of smartphones and the rapid growth of the automotive industry in
the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

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