Global Universal Serial Bus (USB) Charger Market, By Product Type (USB Type A, USB Type B and USB Type C), Charger Type (Wall Charger, Portable Power Banks/Docking System/ Alarm Clock and Car Charger), Port (One, Two, Three, Four and Multi-port), Power (30W – 45W, 45W – 60W, 60W – 75W and Above 75W), Application (Smartphone, Tablet, Laptop, Desktop and Others), Distribution Channel (Online and Offline) – Industry Trends and Forecast to 2029.
Universal Serial Bus (USB) Charger Market Analysis and Size
Since the mid-1990s, there has been a Universal Serial Bus, or USB as it is more widely known. These days, it is typically utilized for data connectivity, device connections, and charging. From its humble beginnings, it has developed into USB 2.0, 3.0, the Micro-USB, and the Type C. Data transfer was the only purpose of older USB generations.
Global universal serial bus (USB) charger market was valued at USD 25.42 billion in 2021 and is expected to reach USD 42.48 billion by 2029, registering a CAGR of 6.63% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Universal Serial Bus (USB) Charger Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (USB Type A, USB Type B and USB Type C), Charger Type (Wall Charger, Portable Power Banks/Docking System/ Alarm Clock and Car Charger), Port (One, Two, Three, Four and Multi-port), Power (30W – 45W, 45W – 60W, 60W – 75W and Above 75W), Application (Smartphone, Tablet, Laptop, Desktop and Others), Distribution Channel (Online and Offline)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Just Wireless (U.S.), Cyber Power Systems (USA), Inc. (U.S.), Huntkey (China), Baccus Global LLC. (U.S.), Inter IKEA Systems B.V. (Netherlands), Eaton (Ireland), Twin Star Home (U.S.), E-filliate, Inc. (U.S.), Xiaomi (China), MIZCO International Inc. (U.S.), Best Buy (U.S.), Verizon (U.S.), Monster Store (U.S.), Goal Zero (U.S.), j5create (U.S.), NATIVE UNION (Hong Kong), Klein Electronics (U.S.), VOXX International Corp. (U.S.), myCharge (U.S.)
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Market Opportunities
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Market Definition
An "plug and play" interface for high-speed interaction between a computer and peripherals is the Universal Serial Bus (USB). USB cables are used to connect electrical devices to computers, transport data, and deliver power. Keyboards, mice, printers, scanners, cameras, and other electronic devices are connected using it.
Global Universal Serial Bus (USB) Charger Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Advancing demand for multi-port USB chargers
As the use of electronic gadgets with limited battery lives is projected to rise significantly, multi-port USB chargers are in high demand. Due to its capacity to provide high-speed charging by automatically detecting the kind of the connected device, advanced technology is increasingly being used into multi-port USB wall chargers. To keep customers in the cutthroat market for USB wall chargers, businesses are providing high warranties in the event of any flaws.
- Opportunities presented by in APAC region
Some of the key reasons propelling the USB charger market include technological advancements, and rising consumer electronics expenditure. Improved smartphone performance with a constant Internet connection need a high battery level throughout the day. Electronic devices now use more energy as a result of the availability of Internet-based services brought on by rising disposable income among consumers in emerging nations.
Furthermore, the factors such as rising urbanization, industrialization and mounting awareness regarding the importance of USBs for data safety and security purposes are some other important market drivers. Additionally, growing support by the government on the promotion of the technology and solutions and increasing per capita income are anticipated to drive the growth rate of the market.
Opportunities
- Growth and expansion
Growth and expansion of the consumer electronics industry especially in the developing economies will present very many opportunities for the growth of the market. Additionally, the increasing trend of digitalization further offers numerous growth opportunities within the market. Rising number of end users on daily basis, both at large and small scale and complete digitization of operations will also work in favor of the market.
Restraints/Challenges
- Presence of cheap products in the market
Cheap USB chargers may appear to be a good deal, but they come with a number of drawbacks, including the risk of fire and user electrocution in addition to harm to the electronic equipment. According to data from a PCWorld investigation, the Consumer Affairs Agency of Japan noted roughly 100 instances of smoke, fire, or overheating in 2014 that were attributed to smartphone chargers and cords.
This universal serial bus (USB) charger market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the universal serial bus (USB) charger market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Universal Serial Bus (USB) Charger Market
The COVID-19 has severely impacted all company operations around the world. The impact of supply chain disruptions on the world economy is evident. Due to the protracted lockdown and commercial halt, the electronics industry has also been greatly impacted. Market participants are working hard to make up for the losses brought on by the COVID-19 epidemic by launching cutting-edge items to meet the rising demand for electronic devices. Due of this, the market for USB chargers has expanded in value. Manufacturers are prepared to start up again in order to maintain the economies during the epidemic. The market for USB charging is expanding as a result of increased consumer electronics adoption brought on by technological developments.
Recent Developments
- Anker Innovations released a Nano II series charger in 2021 that uses the Gallium Nitride (GaN) II technology and includes 30, 65, and 45 Watt chargers with fast charging capabilities.
- Fast charging for smartphones, tablets, and laptops is ensured by BG Electrical's 30 W USB-C & USB-A integrated wall socket, which was introduced in 2021.
Global Universal Serial Bus (USB) Charger Market Scope
The universal serial bus (USB) charger market is segmented on the basis of product type, charger type, port, power, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- USB Type A
- USB Type B
- USB Type C
- With PD
- Without PD
Charger Type
- Wall Charger
- Portable Power Banks/Docking System/ Alarm Clock
- Car Charger
Port
- One
- Two
- Three
- Four
- Multi-port
- Multi-Port with Fixed Power
- Multi-Port with Fluctuation Power
- Same Port with Fluctuation Power
- Different Port with Fluctuation Power
Power
- 30W – 45W
- 45W – 60W
- 60W – 75W
- Above 75W
Application
- Smartphone
- Tablet
- Laptop
- Desktop
- Others
Distribution Channel
- Online
- Offline
- Organized
- Unorganized
Universal Serial Bus (USB) Charger Market Regional Analysis/Insights
The universal serial bus (USB) charger market is analyzed and market size insights and trends are provided by country, product type, charger type, port, power, application and distribution channel as referenced above.
The countries covered in the universal serial bus (USB) charger market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is flourishing its dominance in the global universal serial bus (USB) charger market due to factors the ageing infrastructure, and growing demand for consumer electronics especially in China and India. Rising per capita income combined with flourishing e-commerce platforms is also bolstering the market's growth.
Over the forecast period, North America is anticipated to have the highest CAGR. The growth of the region is attributed to the increasing adoption of augmented and virtual reality technologies in APAC nations. Additionally, presence of major players in this region and rising number of product innovations are bolstering the growth of this territory.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Universal Serial Bus (USB) Charger Market Share Analysis
The universal serial bus (USB) charger market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to universal serial bus (USB) charger market.
Some of the major players operating in the universal serial bus (USB) charger market are
- Just Wireless (U.S.)
- Cyber Power Systems (USA), Inc. (U.S.)
- Huntkey (China)
- Baccus Global LLC. (U.S.)
- Inter IKEA Systems B.V. (Netherlands)
- Eaton (Ireland)
- Twin Star Home (U.S.)
- E-filliate, Inc. (U.S.)
- Xiaomi (China)
- MIZCO International Inc. (U.S.)
- Best Buy (U.S.)
- Verizon (U.S.)
- Monster Store (U.S.)
- Goal Zero (U.S.)
- j5create (U.S.)
- NATIVE UNION (Hong Kong)
- Klein Electronics (U.S.)
- VOXX International Corp. (U.S.)
- myCharge (U.S.)
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