Global USB Car Charger Market 2019-2023 | Increasing Dependence on Smartphones Applications to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Oct 15, 2019--
The global USB car charger market is expected to post a CAGR of more than 1% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191015005765/en/
Technavio has announced its latest market research report titled global USB car charger market 2019-2023. (Graphic: Business Wire)
The sales volume of smartphones and wearables are growing exponentially across the world due to declining prices of electronic components and constant technological innovations. The need for charging these devices while traveling is propelling the demand for USB car chargers. Some of the smart wearable and IoT devices such as VR headsets, fitness trackers, smartwatches, wireless sensors, and monitoring devices encounter short uptime issues. As a result, USB car charger manufacturers are focusing on developing power-efficient technology solutions. These solutions use more than one output point and higher power output to keep these devices running for a long duration. Thus, technological innovations will boost the growth of the USB car charger market during the forecast period.
To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR31076
As per Technavio, the increasing dependence on smartphones for applications while driving, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global USB Car Charger Market: Increasing Dependence on Smartphones for Applications While Driving
Smartphones are extensively being used by vehicle owners for several purposes such as entertainment and navigation while driving. Smartphone devices can be connected to Apple CarPlay or Android Auto when they are charged on-the-go. USB car chargers help users to use their phones while traveling and reduce battery drainage while using battery-intensive navigation applications. Also, automakers are developing advanced human-machine interface (HMI) that are integrated with smartphones to address battery drain issues. Thus, with the increasing dependence on smartphones while driving, the market for USB car charger is expected to showcase a positive outlook during the forecast period.
“Apart from the increasing dependence on smartphones for applications while driving, the growing penetration of wireless charging outlets and adoption of in-car wireless charging are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 10,000+ market research reports.
Global USB Car Charger Market: Segmentation Analysis
This market research report segments the global USB car charger market by product (USB 2.0 and USB 3.0) and geography (North America, APAC, Europe, South America, and MEA).
The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the increasing penetration of electric vehicles and high purchasing power of the middle-class population in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191015005765/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: TECHNOLOGY HARDWARE CONSUMER ELECTRONICS
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 10/15/2019 10:30 AM/DISC: 10/15/2019 10:30 AM