Asia-Pacific Automotive Chargers and USB Data Hubs Market

Market Introduction

China, India, South Korea, Malaysia, the Philippines, and Taiwan are major economies in APAC. Stable economies and technological advancements support the growth of diversified industries and markets in the region. As a global producer of cars and other parts used in cars, APAC is expected to be one of the fastest-growing markets in coming years. The automotive chargers and USB data hubs are in high demand in countries such as Japan, China, and India. The growth of the automotive chargers and USB data hubs market in APAC is attributed to rise in population, rapid urbanization, and investments in automotive industries. Asian countries are in the process of accepting electric and environment-friendly mobility as a prominent means of transportation. With the increasing adoption of electric vehicles, the demand for regenerative breaks will grow exponentially in coming years, which would play an influencing role in boosting the production cycle of automotive chargers and USB data hubs.

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.                                

Market Overview and Dynamics

The automotive chargers and USB data hubs market in APAC is expected to grow from US$ 75.40 million in 2021 to US$ 103.70 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028. houses some of the major automotive manufacturers such as SAIC Motor, Dongfeng Motor Corporation, FAW, and Changan. It also has the presence of several major luxury car manufacturers, such as Mercedes-Benz, Audi, and BMW. According to China.org.cn, the country’s automotive market enters into a new phase of its development, which is the “2.0 era” and is set to create opportunities for auto manufacturers. There has been a quantum leap in the automotive market in China; it is highly involved in developing standards for next generation of vehicles by 2025.

In addition, the Chinese appetite for high-end cars is showcasing a benefit of eastern European economies which previously fretted about over-reliance on auto plants. Also, companies like Jaguar Land Rover Automotive Plc that opened a factory in western Slovakia has marked a raise in car demand. In this increase, China sales was seen to be particularly encouraging. BMW is another leading auto player that witnessed a rise 9.8% in deliveries during the quarter owing to 30% spike from China. According to China Passenger Car Association, the retail sales of SUV, cars, and multiple-purpose vehicles got raised 8% from a year earlier to 2.02 million units. Such high demand for high end cars and increase in sales of luxurious cars will play a significant role in impacting the market growth.   

Key Market Segments

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 China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the automotive chargers and USB data hubs market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.       

Reasons to buy report

• To understand the APAC automotive chargers and USB data hubs market landscape and identify market segments that are most likely to guarantee a strong return.
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC automotive chargers and USB data hubs market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Automotive Chargers and USB Data Hubs Market Segmentation

APAC Automotive Chargers and USB Data Hubs Market - By Type

• Media Hub
• Charge Port

APAC Automotive Chargers and USB Data Hubs Market - By Connectivity

• Wired
• Wireless

APAC Automotive Chargers and USB Data Hubs Market - By Country

• China
• India
• Japan
• South Korea
• Rest of APAC     

APAC Automotive Chargers and USB Data Hubs Market - Company Profiles

• 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. 
• UniMax Electronics Inc.

Asia-Pacific Automotive Chargers and USB Data Hubs Market Strategic Insights

Asia-Pacific Automotive Chargers and USB Data Hubs Market Segmentation Analysis

Asia-Pacific Automotive Chargers and USB Data Hubs Market Report Highlights

Asia-Pacific Automotive Chargers and USB Data Hubs Report Scope

Asia-Pacific Automotive Chargers and USB Data Hubs Market Country and Regional Insights