Europe Automotive Chargers and USB Data Hubs Market

Market Introduction

Germany, Russia, France, the UK, and Italy are major countries in Europe. These countries are known for large-scale industrialization and urbanization. Thus, they hold great potential for adopting advanced solutions that boost the productivity of industrial and urban processes. Germany, the UK, Poland, France, and Czech Republic are a few prominent countries with the well-established automotive industry. In 2020, the region has produced more than 15,545,000 units of automotive. With the well-established automotive industry in European countries, the scope of manufacturing, and integrating automotive chargers and USB data hubs will also grow, which would drive the growth of the automotive chargers and USB data hubs market in Europe. In addition, Norway, Finland, Sweden, the Netherlands, Denmark, and Switzerland are other European countries with robust contribution to the tech strength of the region, which is anticipated to support the market growth during the forecast period.

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.                      

Market Overview and Dynamics

The automotive chargers and USB data hubs market in Europe is expected to grow from US$ 34.41 million in 2021 to US$ 44.40 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2021 to 2028. Wireless charging in cars is being touted as a fast-emerging solution for modern automobiles. The popularity and demand for faster in-car wireless charging is expected to grow further in the coming years. The introduction of advanced wireless charging systems with Increased efficiency has resulted in the rise in their acceptance in both luxury and mid-range automobiles. Automakers are implementing in-car wireless charging systems to provide luxurious amenities in automobiles, which were limited to high-end car models earlier. Rise in competitive rivalry among manufacturers has compelled them provide high-end features such as in-car wireless charging systems in their medium-range vehicles to attract a larger number of customers. This is expected to be emerge as a profitable trend in the car chargers and data USB hubs market during the forecast period.

Key Market Segments

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.

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 Europe 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.; Microchip Technologies, Inc.; Molex, LLC.; and Monolithic Power Systems, Inc.      

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Europe Automotive Chargers and USB Data Hubs Market Segmentation

Europe Automotive Chargers and USB Data Hubs Market - By Type

• Media Hub
• Charge Port

Europe Automotive Chargers and USB Data Hubs Market - By Connectivity

• Wired
• Wireless

Europe Automotive Chargers and USB Data Hubs Market - By Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe 

Europe Automotive Chargers and USB Data Hubs Market - Company Profiles

• Aircharge
• Amphenol Tecvox
• Harman International
• INFINEON TECHNOLOGIES AG
• Japan Aviation Electronics Industry, Ltd.
• Microchip Technologies, Inc.
• Molex, LLC.
• Monolithic Power Systems, Inc.

Europe Automotive Chargers and USB Data Hubs Market Strategic Insights

Europe Automotive Chargers and USB Data Hubs Market Segmentation Analysis

Europe Automotive Chargers and USB Data Hubs Market Report Highlights

Europe Automotive Chargers and USB Data Hubs Report Scope

Europe Automotive Chargers and USB Data Hubs Market Country and Regional Insights