Report : Europe 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)

Wired Segment to Dominate Europe Automotive Chargers and USB Data Hubs Market during 2020–2028             

According to a new market research study on “Europe 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$ 44.40 million by 2028 from 34.41 US$ million in 2021. The market is estimated to grow at a CAGR of 3.7% from 2021 to 2028. The report provides trends prevailing in the Europe automotive chargers and USB data hubs market along with the drivers and restraints pertaining to the market growth. Automotive production is increasing is the major factor driving the growth of the Europe automotive chargers and USB data hubs market. However, portable devices requirement related issues hinders the growth of Europe automotive chargers and USB data hubs market.

 The Europe 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 Europe automotive chargers and USB data hubs market is segmented into France, Germany, Italy, UK, and Russia, and rest of Europe. Germany held the largest market share in 2020.

In Europe, the COVID-19 pandemic has had a diverse impact on different countries, as only selective countries have witnessed the rise in the number of cases. Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of their strong healthcare systems. These countries have been investing significantly to make the diagnosis and treatment of the disease more effective and less time-consuming. Traditional corporate frameworks have been swiftly replaced by more innovative business concepts. Despite the fact that everything is unlikely to return to normal very soon, the automotive chargers and USB data hubs industry is projected to rebound quickly.       

Aircharge; Amphenol Tecvox; Harman International; INFINEON TECHNOLOGIES AG; Japan Aviation Electronics Industry, Ltd.; Microchip Technologies, Inc.; Molex, LLC.; and Monolithic Power Systems, Inc. are among the leading companies in the Europe 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, in 2020, Aircharge are delighted to display Wireless Charging tables as part of Hotel Suppliers Stand at The Hotel, Restaurant and Catering (HRC) convention, which is being held at ExCel, London 3-5 March 2020.  

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