USB Car Charger Market to Grow at 4% CAGR to 2020

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Sep 02, 2016, 06:00 ET

PUNE, India, September 2, 2016 /PRNewswire/ --

The global USB car charger market 2016-2020 research says availability of products with equal charging through multiple slots will be a key trend for market growth. The products that are already present in the market with two slots on the same charger are currently not able to charge two products with the same efficiency. The charging efficiency often depends on the products being charged. There are, however, a number of products such as the Scosche's USBC242M reVOLT dual that are able to charge two products with the same efficiency. We can expect more vendors to offer products that meet this specification during the forecast period.

Complete report on USB car charger market spread across 65 pages, analyzing 4 major companies and providing 41 data exhibits now available at http://www.sandlerresearch.org/global-usb-car-charger-market-2016-2020.html.

The analysts forecast global USB car charger market to grow at a CAGR of 4% during the period 2016-2020. According to the USB car charger market report, development of broadband and wireless infrastructure will be a key driver for market growth. Availability of high-speed internet has increased the adoption of advanced video communications, resulting in higher demand for digital content and high-bandwidth network connectivity. Service providers need to increase their wireless network infrastructure and electronic equipment to meet the increased need in the market. To address this demand, smartphone and tablet vendors are integrating high-powered processors into their devices to handle complex networking operations.

The Americas to be the largest USB car charger market during the forecast period. The market in this region is saturated and is, therefore, anticipated to grow moderately at a CAGR of around 1% during the forecast period. Factors such as the early adoption of smartphones and tablets and the proliferation of mobile internet will impel market growth in this region. However, it has been estimated that regions like the APAC will surpass the Americas by the end of 2020 as the demand for automobiles in this region is continually increasing. As a result, the USB car charger market in APAC will grow at an impressive CAGR of around 7% during the forecast period.

The delay in the onset of connected cars plays a vital role in fueling the demand for USB car charger market. The onset of connected cars in the mid-range automotive sector is not likely to witness any large volumes of connected cars in the coming years. As a result, consumers are happy connecting their electronic devices to the infotainment features of their automobiles. With this in mind, automotive manufacturers have started offering multiple USB car chargers in the vehicle to accommodate multiple devices

The following companies are the key players in the global USB car charger market: AmazonBasics, Anker, Belkin, and Sony. Other prominent vendors in the market are: Aukey, Griffin Technology, Maxboost, Omaker, and Sanoxy. Order a copy of Global USB Car Charger Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=59379.

Global USB Car Charger Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in USB car charger market. To calculate the market size, the report considers the sale of USB car chargers.

Another related report is Global Wireless Charging Market 2016-2020, The global wireless charging market is likely to grow significantly in the future because of certain emerging trends. One such trend is the increased adoption of wireless EV charging, which necessitates wireless technology. The high growth potential of wireless charging has compelled many automobile companies to implement wireless charging systems for EVs and plug-in hybrid electric vehicles (PHEVs). Browse complete report @ http://www.sandlerresearch.org/global-wireless-charging-market-2016-2020.html

Explore other new reports on Semiconductor & Electronics Market @ http://www.sandlerresearch.org/market-research/semiconductor-electronics.

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