Middle East & Africa Automotive Chargers and USB Data Hubs Market
No. of Pages: 81 | Report Code: TIPRE00024785 | Category: Automotive and Transportation
No. of Pages: 81 | Report Code: TIPRE00024785 | Category: Automotive and Transportation
The automotive chargers and USB data hubs market in the MEA is segmented into South Africa, Saudi Arabia, and the UAE. The region is witnessing a rapid increase in commercialization and industrialization, which would further boost the growth of various sectors in future. The Gulf countries are economically developed, while the African countries are yet to match up to the economic conditions of these countries. In the era of continuous technological developments, the integration of advanced technologies is increasing in a range of industries such as automotive in Middle East. In the MEA, South Africa is one of the major shareholders in the automotive chargers and USB data hubs market. In recent years, the nation has seen an increase in demand for vehicles. According to the Bureau of Transportation Statistics, South Africa produced 631,983 passenger and commercial vehicles in 2019. In many Middle Eastern countries, a shared mobility model based on electric vehicles is being introduced in public transportation. For instance, the government of the UAE is planning to have 42,000 hybrid cars on the road by 2025, including passenger cars and commercial vehicles. Similarly, in Saudi Arabia, the government is taking initiatives to strengthen their automotive sector to have diversified economic growth besides oil sector.
The COVID-19 pandemic has severely impacted MEA due to wide disease spread; countries in this region are among the highly populated, which leads to the greater risk infection spread. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. India is the worst-hit country by the pandemic in this region. Many global brands and technological companies are headquartered in the region. The limitations imposed by governments to control the spread of COVID-19, the impact of the disease on populations of different countries in the region, and current inability to utilize production capabilities are the key factors impacting automotive chargers and USB data hubs in Asian countries. Therefore, the COVID-19 pandemic is likely to continue to hinder the automotive chargers and USB data hubs market growth in MEA.
Strategic insights for the Middle East & Africa Automotive Chargers and USB Data Hubs provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 4.36 Million |
| Market Size by 2028 | US$ 5.45 Million |
| Global CAGR (2021 - 2028) | 3.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Automotive Chargers and USB Data Hubs refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The automotive chargers and USB data hubs market in MEA is expected to grow from US$ 4.36 million in 2021 to US$ 5.45 million by 2028; it is estimated to grow at a CAGR of 3.3% from 2021 to 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.
The MEA automotive chargers and USB data hubs market is segmented on the bases of type, connectivity, and country. Based on type, the market is segmented into media hub and charge point. Charge point segment held the largest market share in 2020. Based on connectivity, the market is segmented into wired and wireless. Wired segment held the largest market share in 2020. Based on country, the MEA automotive chargers and USB data hubs market is segmented South Africa and rest of MEA. South Africa held the largest market share in 2020.
A few major primary and secondary sources referred to for preparing this report on the automotive chargers and USB data hubs market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Aircharge; INFINEON TECHNOLOGIES AG; Japan Aviation Electronics Industry, Ltd.; Microchip Technologies, Inc.; and Molex, LLC.
The Middle East & Africa Automotive Chargers and USB Data Hubs Market is valued at US$ 4.36 Million in 2021, it is projected to reach US$ 5.45 Million by 2028.
As per our report Middle East & Africa Automotive Chargers and USB Data Hubs Market, the market size is valued at US$ 4.36 Million in 2021, projecting it to reach US$ 5.45 Million by 2028. This translates to a CAGR of approximately 3.3% during the forecast period.
The Middle East & Africa Automotive Chargers and USB Data Hubs Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Automotive Chargers and USB Data Hubs Market report:
The Middle East & Africa Automotive Chargers and USB Data Hubs Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Automotive Chargers and USB Data Hubs Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Automotive Chargers and USB Data Hubs Market value chain can benefit from the information contained in a comprehensive market report.
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