Growing popularity of driver assistance systems (DAS) is drawing the attention of the automotive firms toward vehicle automation. The manufacturers are creating vehicles integrated with superior entertainment systems in response to the growing preference for safe, luxurious, and smart vehicles. Automobile accessory makers have responded by developing sophisticated USB systems for a better in-vehicle experience. Jumplux Technology Co., Ltd. offers SPD102 – USB2.0 MEDIA HUB SOC. The SPD102 is a high-speed USB 2.0 hub with two downstream ports and a card reader. Unlike a regular USB hub, the SPD102 USB hub supports carplay, which allows iOS devices to communicate with built-in display of the vehicle head units, when connected via the USB. On downstream ports, the USB-IF Battery Charging Specification version 1.2 (BC 1.2) is also supported.
UNIMAX ELECTRONICS INC, JUMPLUX TECHNOLOGY CO., LTD., INFINEON TECHNOLOGIES AG, MOLEX, LLC, AMPHENOL TECVOX – PROMINENT MARKET PARTICIPANTS IN AUTOMOTIVE CHARGERS AND USB DATA HUBS MARKET
The global Automotive Chargers and USB data hubs market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. APAC holds the dominant share in the Automotive Chargers and USB data hubs market, whereas North America is expected to be the fastest-growing region in the global market. The automobile sales are reaching new heights owing to the growing popularity of trucks and SUVs as well as with the rising demand for compact sedans. For a handful of automakers, sales rose by double digits, with Tesla’s total deliveries more than tripling from the first quarter of last year. Toyota, Hyundai, Nissan, Subaru, and Kia all reported sales increases in the double digits. In 2020, 78 million vehicles will be produced globally. This number reflects a 15 percent decrease from the previous year. In 2020, China, Japan, and Germany were the top automobile and commercial vehicle manufacturers. With such huge vehicle manufacturing volumes, the need for automotive automobile accessories is also rising. The high consumer focus on handy infotainment systems in vehicles and rising popularity of personal devices are boosting the automotive chargers and data USB hubs market growth.
Many countries in the world have set objectives emphasizing on reducing the car emissions. As a part of this, they have begun to promote the production and marketing of electric vehicles as well as related charging infrastructure. In 2017, the US government spent US$ 5 billion for the improvement of electric car infrastructure, including charging stations. Several governments are offering incentives, including cheap or no registration costs, as well as exemptions from import tax, sales tax, and road tax. Furthermore, Norway and Germany are heavily investing in EV sales promotion. Thus, the surge in automotive production, with the growing focus on electric vehicles, is bolstering the automotive chargers and data USB hubs market growth.
The top five companies in the Automotive Chargers and USB data hubs market include Unimax Electronics Inc, Jumplux Technology Co., Ltd., Infineon Technologies Ag, Molex, Llc, Amphenol Tecvox. The above listing of key players is derived by considering multiple factors such as overall revenue, current Automotive Chargers and USB data hubs portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global Automotive Chargers and USB data hubs market ecosystem such as Harman International, Monolithic Power Systems, Inc, Japan Aviation Electronics Industry, Ltd., Aircharge, Microchip Technologies, Inc. amongst others.
As a global producer of automotive lead-acid batteries, APAC is expected to be one of the fastest-growing markets. Automotive chargers and USB data hubs are in high demand in countries such as Japan, China, India, Australia, among others. Asian countries are in the process of accepting electric and environment-friendly mobility as a prominent means of transportation. With the increasing adoption of electric vehicles, the demand for regenerative breaks will grow exponentially in coming years, which would play an influencing role in boosting the production cycle of automotive chargers and USB data hubs. Below is the data of automotive production in Asia, published by OICA, for the last three consecutive years.
