Automotive USB Power Delivery System Market 2019 Enabling Technologies, Applications, Standardization, Key Trends And Global Forecasts To 2023

Automotive USB Power Delivery System Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023.

Pune, India - August 19, 2019 /MarketersMedia/ —

The global automotive USB power delivery system market is expected to exhibit a robust 15.71% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The automotive USB power delivery system market is mainly driven by the growing demand for cellphone charging capabilities in cars and commercial vehicles. The increasing importance of cellphones in the daily behavior of the customers is likely to make this a major driver for the global automotive USB power delivery system market over the forecast period. The global automotive USB power delivery system market is expected to rise to a valuation of more than USD 623.8 million by 2023, from USD 276.5 million in 2017.

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Competitive Analysis:

Leading players in the global automotive USB power delivery system market include STMicroelectronics, ROHM Semiconductor, ON Semiconductor, Texas Instruments Inc., Renesas Electronics Corporation, NXP Semiconductors, Lattice Semiconductor, Infineon Technologies AG, and Cypress Semiconductor Corporation.

The 2020 Cadillac XT6, launched in July 2019, comes with USB C charging for all three rows of the vehicle, in addition to USB A charging for the first two.

Segmentation:

The global automotive USB power delivery system market is segmented on the basis of type, application, distribution, vehicle type, and region.

By type, the global automotive USB power delivery system market is segmented into combination and type C. Type C systems are likely to be increasingly in demand in the automotive sector over the forecast period, due to the growing use of USB C systems in smartphones due to their fast charging capability and hassle-free plug-in.

By application, the global automotive USB power delivery system market is segmented into head units, rear seat entertainment, and rear seat chargers.

By distribution, the global automotive USB power delivery system market is segmented into online and offline.

By vehicle type, the global automotive USB power delivery system market is segmented into passenger vehicles and commercial vehicles.

Regional Analysis:

Europe is the leading regional player in the global automotive USB power delivery system market at present and is likely to hold on to the position over the forecast period due to the growing demand for automotive USB power delivery systems in premium and luxury automobiles. The growing demand for premium automobiles in the bracket of the Mercedes S-class and the BMW 7 series has driven the demand for automotive USB power delivery systems, as these vehicles have to come equipped to fulfill all the automotive needs of the driver or passenger. The growing use of smartphones and laptops for working while commuting and the presence of USB charging mechanisms on the consumer electronic devices is the leading driver for the automotive USB power delivery system market in Europe. Europe also houses major semiconductor market players such as NXP, STMicroelectronics, and Infineon, leading to smooth product distribution across the board in the region. The availability of advanced USB devices and technology, due to the growing presence of suppliers, is likely to be a major driver for the automotive USB power delivery system market in Europe over the forecast period.

Asia Pacific is likely to exhibit robust growth in the automotive USB power delivery system market in the coming years, as the region is rife with high net worth individuals looking to purchase premium automobiles offering convenient charging options. The increasing demand for mobile phones for in-car entertainment has also driven the need for charging points for the same, thus driving the automotive USB power delivery system market in Asia Pacific.

North America is also likely to be a major market for automotive USB power delivery systems over the forecast period due to the growing prevalence of major auto manufacturers providing top-notch 21st-century solutions to customers, including but not limited to USB charging points. This is likely to drive the automotive USB power delivery system market in North America over the forecast period. The strong presence of semiconductor product manufacturers in North America is also likely to be a major driver for the automotive USB power delivery system market in the region over the forecast period.

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Release ID: 88909340