Report : Asia-Pacific Automotive Chargers and USB Data Hubs Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Media Hub and Charge Port) and Connectivity (Wired and Wireless)
Media Hub Segment is Expected to be Fastest Growing Segment During the Forecast Period for APAC Region
According to a new market research study on “APAC Automotive Chargers and USB Data Hubs Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Connectivity” is expected to reach US$ 103.70 million by 2028 from 75.40 US$ million in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028. The report provides trends prevailing in the APAC automotive chargers and USB data hubs market along with the drivers and restraints pertaining to the market growth. Setup of in-vehicle smart chargers following device standards is the major factor driving the growth of the APAC automotive chargers and USB data hubs market. However, problems related to current requirements of portable devices hinders the growth of APAC automotive chargers and USB data hubs market.
The APAC 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 APAC automotive chargers and USB data hubs market is segmented into China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.
The COVID-19 pandemic has severely impacted APAC. Countries in this region are highly populated, which leads to greater risk of spread of infection. 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. Many global brands and technological companies are headquartered in the region. The restrictions imposed by governments to control the spread of COVID-19 and current inability to utilize production capabilities are the key factors impacting automotive chargers and USB data hubs market in Asian countries.
Aircharge; Amphenol Tecvox; Harman International; INFINEON TECHNOLOGIES AG; Japan Aviation Electronics Industry, Ltd.; Jumplux Technology Co., Ltd.; Microchip Technologies, Inc.; Molex, LLC.; Monolithic Power Systems, Inc.; and UniMax Electronics Inc. are among the leading companies in the APAC automotive chargers and USB data hubs market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, UniMax of the ASUS Group collaborated with NISSAN Taiwan to fully equip NISSAN Taiwan's new car, the Kicks, with smart in-vehicle wireless charging boards, ensuring that annoying cables are no longer strewn about, providing users with easy and convenient charging environments, and creating entirely new driving experiences for drivers with smart wireless charging.
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