Automotive Chargers and USB Data Hubs Market Size, Trends and Growth Analysis by 2027

The global market for automotive chargers and USB data hubs is projected to expand from US$ 148.07 million in 2021 to US$ 196.88 million by 2028, reflecting a compound annual growth rate (CAGR) of 4.1% during the period from 2021 to 2028.

In today?s technology-driven world, fast charging has become an essential feature for modern devices, ensuring that batteries remain charged throughout the day. Quick charging capabilities enable users to continue their activities after just a few minutes of charging. Many contemporary gadgets incorporate some form of rapid charging, typically characterized by adjustable current demands. However, the standards for charging speed can vary significantly among different manufacturers, often influenced by the type of connections and chargers used. As consumers increasingly carry personal devices (PDs) like smartphones, tablets, and media players with them at all times, manufacturers are focusing on providing intelligent in-vehicle charging solutions to meet this growing demand. For instance, Molex, LLC offers In-Vehicle Smart Charging Modules designed for both passenger and commercial vehicles. These modules adhere to the Battery Charging (BC) 1.2 standards, capable of delivering up to 5V DC / 1.5A for BC 1.2 compatible devices. Additionally, Molex provides customization options through smart technology that connects with plugged-in devices, ensuring optimal battery charging tailored to various device profiles. Consequently, the development of sustainable USB modules for diverse device types is anticipated to be a significant growth area for manufacturers of automotive chargers and USB data hubs in the near future.

The automotive chargers and USB data hubs market is categorized based on type, connectivity, and geographical regions. In terms of type, the market is divided into two segments: media hub and charge port. The charge port segment held a larger share of the overall market in 2020. Regarding connectivity, the market is further segmented into wired and wireless categories, with the wired segment accounting for a substantial portion of the market in 2020. Geographically, the market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, the Asia Pacific region represented a significant share of the global market.

In Europe, the impact of the COVID-19 pandemic has varied across different countries, with only certain nations experiencing a surge in cases that led to strict and extended lockdowns or social distancing measures. However, countries in Western Europe, including Germany, France, Russia, and the UK, have experienced a relatively modest decline in their growth activities, thanks to their robust healthcare systems. These nations have made considerable investments to enhance the efficiency and effectiveness of disease diagnosis and treatment. Despite the ongoing state of emergency in Europe, many countries are beginning to see a glimmer of hope. Traditional business models are being rapidly replaced by more innovative approaches. Although a complete return to normalcy may take time, the automotive chargers and USB data hubs sector is expected to recover swiftly.

The overall size of the automotive chargers and USB data hubs market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aids in providing an overview and forecast for the automotive chargers and USB data hubs market across all segments. Furthermore, it offers insights and forecasts based on the segmentation across five key regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America. Primary interviews were also conducted with industry participants and commentators to validate the data and gain deeper analytical insights. Participants included industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the automotive chargers and USB data hubs market.

Several prominent players in the global automotive chargers and USB data hubs market include 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, and Microchip Technologies, Inc..