Report : Automotive Chargers and USB Data Hubs Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Media Hub and Charge Port) and Connectivity (Wired and Wireless)
Growing Popularity of Automotive Infotainment to Provide Growth Opportunities for Automotive Chargers and USB Data Hubs Market during 2021–2028
According to our latest market study on “Automotive Chargers and USB Data Hubs Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Connectivity,” the market was valued at US$ 148.07 million in 2021 and is projected to reach US$ 196.88 million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028.
The global automotive chargers and USB data hubs market is segmented into five major regions— North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. In 2020, Asia Pacific led the market with a substantial revenue share, followed by Europe and North America. 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.
The global automotive chargers and USB data hubs market is segmented based on type and connectivity. Based on type, the market is segmented into media hub and charge port. Based on connectivity, the market is bifurcated into wired and wireless.
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.
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. are among the major companies operating in the automotive chargers and USB data hubs market.