Charge Port Segment to Dominate North America Automotive Chargers and USB Data Hubs Market during 2020–2028      

According to a new market research study on “North America 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$ 34.34 million by 2028 from 27.26 US$ million in 2021. The market is estimated to grow at a CAGR of 3.4% from 2021 to 2028. The report provides trends prevailing in the North America automotive chargers and USB data hubs market along with the drivers and restraints pertaining to the market growth. Automotive infotainment getting popular is the major factor driving the growth of the North America automotive chargers and USB data hubs market. However, issues associated with current requirements of portable devices in automotive chargers and USB data hubs hinders the growth of North America automotive chargers and USB data hubs market.

The North America 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 North America automotive chargers and USB data hubs market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.

North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led the US government to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection. The four megatrends of connected autonomous, electrified, and shared driving produce significant technological and business model changes in the automotive sector. The ‘Detroit 3' automakers (and other OEMs) followed suit and halted production in the US, Canada, and Mexico. Due to unprecedented lockdowns of vehicle operations in industries, corporate sectors, and commercial companies, followed by mobility restrictions, the market for automotive chargers and USB data hubs is currently experiencing a demand shortfall. However, with the economic activities regaining their pace, the automotive chargers and USB data hubs market is expected to steadily revive.  

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 North America 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, HARMAN International was named FCA Supplier of the Year in the category of Innovation Supplier of the Year during the virtual 2020 North America Annual Supplier Conference and Awards program held on Oct. 23, 2020.

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