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

 According to a new market research study on “SAM 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$ 9.00 million by 2028 from 6.64 US$ million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the SAM automotive chargers and USB data hubs market along with the drivers and restraints pertaining to the market growth. Automotive infotainment is getting more popular is the major factor driving the growth of the SAM automotive chargers and USB data hubs market. However, issues related to present portable devices requirements hinders the growth of SAM automotive chargers and USB data hubs market.  

 The SAM 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 SAM automotive chargers and USB data hubs market is segmented into Brazil, Argentina, and rest of SAM. Brazil held the largest market share in 2020.

 Brazil has reported the highest number of COVID-19 cases in SAM, followed by Ecuador, Chile, Peru, and Argentina. Most of the commercial operations in the region have been shut down to prevent the spread of the disease. Lockdowns imposed in cities have compelled most production plant operators to suspend their operation indefinitely, which has led to the discontinuation in the demand for mechanical and electronic parts. Therefore, the COVID-19 pandemic is restraining the automotive chargers and USB data hubs market growth in SAM.

Aircharge; Harman International; INFINEON TECHNOLOGIES AG; Japan Aviation Electronics Industry, Ltd.; Microchip Technologies, Inc.; and Molex, LLC. are among the leading companies in the SAM 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, 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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