North America Automotive Chargers and USB Data Hubs Market

Market Introduction

The US, Canada, and Mexico are the major economies in North America that have witnessed growth in their automotive industry. The region has the largest vehicle industry due to the presence of many car manufacturers. Increased supply of passenger cars and light commercial vehicles is expected to increase the demand of car accessories. North America is witnessing an exponential rise in the vehicle production in past a few years owing to favorable economic conditions and government initiatives to promote safety while driving and reducing road accidents. These factors have helped in improving the economy and increasing disposable income of consumers. Therefore, with the boosted demand for improved performance and luxury cars in North America, the demand for different USB ports and car chargers will grow in coming years. Electric vehicles are projected to play an increasingly important role in North American transportation networks due to falling electric vehicle prices and increased acceptance by the costumers. Studies claim that electric vehicles would account for at least 65% of overall car purchases in the US by 2050. For instance, in 2020, the automobile industry in the US, delivered almost 14.5 million light vehicle units. The rising vehicle sales is a key enabler for the automotive market, especially in the US and Canada. The rising demand for electric cars is expected to create lucrative growth opportunities for the sales of USB ports. Also, growing disposable income of individuals is propelling the demand and supply of car accessories. With the rising penetration of smart features and vehicle connectivity, the scope of wireless charging pads is gaining momentum. Massive production of car units is projected to positively influence the demand of car chargers.

North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led the US government to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection. The four megatrends of connected autonomous, electrified, and shared driving produce significant technological and business model changes in the automotive sector. The ‘Detroit 3' automakers (and other OEMs) followed suit and halted production in the US, Canada, and Mexico. Due to unprecedented lockdowns of vehicle operations in industries, corporate sectors, and commercial companies, followed by mobility restrictions, the market for automotive chargers and USB data hubs is currently experiencing a demand shortfall. However, with the economic activities regaining their pace, the automotive chargers and USB data hubs market is expected to steadily revive.   

North America Automotive Chargers and USB Data Hubs Strategic Insights

Strategic insights for the North America 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.

North America Automotive Chargers and USB Data Hubs Report Scope

North America Automotive Chargers and USB Data Hubs Regional Insights

The geographic scope of the North America 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 North America is expected to grow from US$ 27.26 million in 2021 to US$ 34.34 million by 2028; it is estimated to grow at a CAGR of 3.4% from 2021 to 2028. Wireless charging in cars is being touted as a fast-emerging solution for modern automobiles. The popularity and demand for faster in-car wireless charging is expected to grow further in the coming years. The introduction of advanced wireless charging systems with Increased efficiency has resulted in the rise in their acceptance in both luxury and mid-range automobiles. Automakers are implementing in-car wireless charging systems to provide luxurious amenities in automobiles, which were limited to high-end car models earlier. Rise in competitive rivalry among manufacturers has compelled them provide high-end features such as in-car wireless charging systems in their medium-range vehicles to attract a larger number of customers. This is expected to be emerge as a profitable trend in the car chargers and data USB hubs market during the forecast period.

Key Market Segments

The North America 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 North America automotive chargers and USB data hubs market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.  

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the automotive chargers and USB data hubs market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Aircharge; Amphenol Tecvox; Harman International; INFINEON TECHNOLOGIES AG; Japan Aviation Electronics Industry, Ltd.; Microchip Technologies, Inc.; Molex, LLC.; and Monolithic Power Systems, Inc.      

Reasons to buy report

• To understand the North America automotive chargers and USB data hubs market landscape and identify market segments that are most likely to guarantee a strong return.
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America automotive chargers and USB data hubs market.
• Efficiently plan M&A and partnership deals in North America automotive chargers and USB data hubs market by identifying market segments with the most promising probable sales.
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America automotive chargers and USB data hubs market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America

Automotive Chargers and USB Data Hubs Market

Segmentation

North America Automotive Chargers and USB Data Hubs Market -

By Type

• Media Hub
• Charge Port

North America Automotive Chargers and USB Data Hubs Market - By

Connectivity

• Wired
• Wireless

North America Automotive Chargers and USB Data Hubs Market - By Country

• US
• Canada
• Mexico

North America Automotive Chargers and USB Data Hubs Market - Company Profiles

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