The USB car charger market will register a CAGR of more than 1% by 2023.
Consumer electronics and communication devices constitute a major end-use area for USB car chargers. The sale of smartphones and wearables and IoT devices will have a direct impact on the demand for USB car chargers during the forecast period. The speed of charging in smartphones as well as the availability of more than one charging sockets have been increasing with each incremental generation.
The demand for USB car chargers is also expected to witness growth due to increasing adoption of smart wearables and IoT devices, such as smartwatches, fitness trackers, VR headsets, wireless sensors, and monitoring devices. Some of these devices are considerably smaller than a smartphone and suffer from short uptime issues. To keep these devices running for a long duration, USB car charger manufacturers are turning to power-efficient technology solutions, such as more than one output point and greater power output.
Rising penetration of smartphones and access to internet
Improved internet connectivity, along with rising consumer awareness, has contributed to a rise in the demand for on-the-go services such as ridesharing, car and bike pooling, online music streaming, thereby increasing the extensive usage of smart devices while travelling in a car that aids in battery drainage, and eventually driving the growth in the global USB car charger market during the forecast period.
Improved battery life in latest smartphones
The availability of smartphones with higher battery capacity and better battery backup poses a challenge to the growth of the global USB car charger market as the primary utility of USB car chargers will be diminished with smartphones lasting for longer hours on a single charge.
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2018
Total addressable market size and forecast 2018-2023
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY PRODUCT
Market segmentation by product
Comparison by product
USB 2.0 - Market size and forecast 2018-2023
USB 3.0 - Market size and forecast 2018-2023
Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
APAC - Market size and forecast 2018-2023
North America - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
Key leading countries
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
Growing penetration of wireless charging outlets
Increasing dependence on smartphones for applications while driving