Wireless Segment is Expected to be Fastest Growing Segment During the Forecast Period for MEA Region              

 According to a new market research study on “MEA 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$ 5.45 million by 2028 from 4.36 US$ million in 2021. The market is estimated to grow at a CAGR of 3.3% from 2021 to 2028. The report provides trends prevailing in the MEA automotive chargers and USB data hubs market along with the drivers and restraints pertaining to the market growth. Accelerated wireless charging in the vehicle is the major factor driving the growth of the MEA automotive chargers and USB data hubs market. However, problems related to present portable devices requirements hinders the growth of MEA automotive chargers and USB data hubs market.  

 The MEA 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 MEA automotive chargers and USB data hubs market is segmented into South Africa and rest of MEA. South Africa held the largest market share in 2020.

 The sudden spread of the pandemic resulted in the economy becoming stagnant and declined the technological investments of the companies across the region, thereby negatively impacting the market. As a result of social distancing measures, several electronic component manufacturers have been compelled to temporarily shut down, lay off staff, or initiate remote operations, posing both obstacles and opportunities for the automotive chargers and USB data hubs market. Thus, the COVID-19 pandemic is limiting the development of automotive chargers and USB data hubs in the MEA.       

Aircharge; INFINEON TECHNOLOGIES AG; Japan Aviation Electronics Industry, Ltd.; Microchip Technologies, Inc.; and Molex, LLC. are among the leading companies in the MEA 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, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) had announced the Closing of the acquisition of Cypress Semiconductor Corporation. The San Jose-based company has become part of Infineon effective as of the Closing. Asset firm TPG, have entered into a definitive agreement with Dell Technologies (NYSE:DELL) to acquire Boomi, a leading provider of cloud-based integration platform as a service (Automotive chargers and USB data hubs).    

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