South America Automotive Chargers and USB Data Hubs Market
No. of Pages: 85 | Report Code: TIPRE00024829 | Category: Automotive and Transportation
No. of Pages: 85 | Report Code: TIPRE00024829 | Category: Automotive and Transportation
Geographically, the automotive chargers and USB data hubs market in SAM region is bifurcated into Brazil and Argentina. South America's automotive industry is booming owing to increased credit supply, economic prosperity, and low interest rates. It has been estimated that the South American automotive industry exported 5.72 million units in 2019, up 4.3% year over year. The revival of the Brazilian economy and the strong success of the SUV segment are largely responsible for the industry's growth. The automobile market in Brazil is one of the most dynamic markets in South America, as the nation has established itself as a major country in the global automotive market. The nation has attracted the attention of the world's leading automobile companies in recent decades, with many of these companies establishing manufacturing facilities in the country. As a result of the region's rising vehicle production and sales, demand for automotive chargers and USB data hubs is also increase. Moreover, the execution of tax cuts on new vehicles is another factor helping in transitioning the automotive industry in the region. In addition, various prominent and well-established automobile manufacturers, such as Subaru, General Motors, and Land Rover are looking ahead to invest their monetary and non-monetary resources in the South American automotive market. The establishment of such players in SAM will help in increasing the production of cars and other car related parts, which would drive the growth of the automotive chargers and USB data hubs market during the forecast period.
Brazil has reported the highest number of COVID-19 cases in SAM, followed by Ecuador, Chile, Peru, and Argentina. Most of the commercial operations in the region have been shut down to prevent the spread of the disease. Lockdowns imposed in cities have compelled most production plant operators to suspend their operation indefinitely, which has led to the discontinuation in the demand for mechanical and electronic parts. Therefore, the COVID-19 pandemic is restraining the automotive chargers and USB data hubs market growth in SAM.
Strategic insights for the South 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 6.64 Million |
| Market Size by 2028 | US$ 9.00 Million |
| Global CAGR (2021 - 2028) | 4.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South 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 SAM is expected to grow from US$ 6.64 million in 2021 to US$ 9.00 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. Automotive chargers and USB data hubs have become an essential component of today's automobile entertainment systems. Passengers are becoming accustomed for using their vehicle's electrical system to power and utilize their cellphones (or other portable devices) for a range of vehicle information and entertainment activities. USB charging ports address a variety of system requirements in terms of power, data transfer, and robustness in the face of real-world hazardous situations to support both power and data capabilities and enable adaptability in always fast-changing mobile device markets. Furthermore, a USB port in a vehicle has become standard equipment in recent years and is frequently located directly beneath or on the infotainment system. For instance, the Ford EcoSport and practically all Maruti Suzuki automobiles have a single USB charging port and an AUX port beneath an infotainment system.
The SAM 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 SAM automotive chargers and USB data hubs market is segmented into Brazil, Argentina, and rest of SAM. Brazil 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 SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Aircharge; Harman International; INFINEON TECHNOLOGIES AG; Japan Aviation Electronics Industry, Ltd.; Microchip Technologies, Inc.; and Molex, LLC.
The South America Automotive Chargers and USB Data Hubs Market is valued at US$ 6.64 Million in 2021, it is projected to reach US$ 9.00 Million by 2028.
As per our report South America Automotive Chargers and USB Data Hubs Market, the market size is valued at US$ 6.64 Million in 2021, projecting it to reach US$ 9.00 Million by 2028. This translates to a CAGR of approximately 4.4% during the forecast period.
The South America 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 South America Automotive Chargers and USB Data Hubs Market report:
The South America 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 South America Automotive Chargers and USB Data Hubs Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Automotive Chargers and USB Data Hubs Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South America Automotive Chargers and USB Data Hubs Market
