Automotive Chargers and USB Data Hubs Market to Grow at a CAGR of 4.1% to reach US$ 196.88 Million from 2020 to 2028

The automotive chargers and USB data hubs market is expected to grow from US$ 148.07 million in 2021 to US$ 196.88 million by 2028; it is estimated to grow at a CAGR of 4.1% during 2021–2028.

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. Furthermore, parking assistance, predictive navigations, pre-trip planning, cloud-enabled synchronization, and other critical features are being implemented by technologically sophisticated infotainment businesses. In addition, customers can view their contact list, call records, and read messages using the USB hub. With the surging integration of smartphones with car infotainment systems, the number of people purchasing a high-end vehicle with a wireless and modern entertainment systems is increasing. Thus, the rapid increase in the manufacturing of high-resolution infotainment systems for a better user experience, in response to the growing preference for infotainment systems and DAS, is contributing to the automotive chargers and data USB hubs market growth.  

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Automotive Chargers and USB Data Hubs Market: Strategic Insights

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Impact of COVID-19 Pandemic on Automotive Chargers and USB Data Hubs Market

According to latest situation report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are some of the worst affected countries due to COVID-19 outbreak. The COVID-19 crisis is affecting the industries worldwide and the global economy is anticipated to take a worst hit in 2020 and likely in 2021. The outbreak has created significant disruptions in primary industries such as food & beverage, energy & power, electronics & semiconductor, and chemicals as well as automotive. A sharp decline in the production activities of automotive has negatively impacted the growth of the global automotive chargers and USB data hubs market.
The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted manufacturing, supply, and sales of various electronic components that are required for the manufacturing of car chargers and USB ports. The estimated impact of COVID-19 outbreak on the growth of global automotive chargers and USB data hubs market in various countries/regions is described below.

Automotive Chargers and USB Data Hubs Market Insights

Surge in Automotive Production Fuels Growth of Automotive Chargers and USB Data Hubs 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.

Type - Based Market Insights

Based on type, the automotive chargers and USB data hubs market is bifurcated into media hub and charge port. In 2020, the charge port segment accounted for a larger market share.

Connectivity-Based Market Insights

Based on connectivity, the automotive chargers and USB data hubs market is segmented into wired and wireless. In 2020, the wired segment accounted for a larger market share.

The players operating in the automotive chargers and USB data hubs market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In February 2020, Aircharge are delighted to display Wireless Charging tables as part of Hotel Suppliers Stand at The Hotel, Restaurant and Catering (HRC) convention, which is being held at ExCel, London 3-5 March 2020.
• In August 2019, Microchip announced two new solutions that simplify USB Type-C PD designs to remove the traditional complexity and high costs associated with implementing USB Type-C in a range of applications.

Automotive Chargers and USB Data Hubs Market Regional Insights

The regional trends and factors influencing the Automotive Chargers and USB Data Hubs Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automotive Chargers and USB Data Hubs Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive Chargers and USB Data Hubs Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive Chargers and USB Data Hubs Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Automotive Chargers and USB Data Hubs Market are:

1. UniMax Electronics Inc.
2. Jumplux Technology Co., Ltd.
3. INFINEON TECHNOLOGIES AG
4. Harman International
5. Molex, LLC

Disclaimer: The companies listed above are not ranked in any particular order.

The global automotive chargers and USB data hubs market has been segmented as mentioned below:

By Type

• Media Hub
• Charge Port

By Connectivity

• Wired
• Wireless

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM

Company Profiles

• UniMax Electronics Inc.
• Jumplux Technology Co., Ltd.
• INFINEON TECHNOLOGIES AG
• Harman International
• Molex, LLC.
• Monolithic Power Systems, Inc.
• Japan Aviation Electronics Industry, Ltd.
• Amphenol Tecvox
• Aircharge
• Microchip Technologies, Inc.