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U.S. USB Charger Market – Industry Trends and Forecast to 2030

FMCG

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U.S. USB Charger Market – Industry Trends and Forecast to 2030

  • FMCG
  • Published Report
  • Sep 2023
  • Country Level
  • 350 Pages
  • No of Tables: 1
  • No of Figures: 16

U.S. USB Charger Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2030
Diagram Market Size (Base Year) USD MILLION
Diagram Market Size (Forecast Year) USD 11,032.46
Diagram CAGR %

Major Markets Players

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U.S. USB Charger Market, By Product (USB-A, USB-C, Micro-USB, Mini-USB, USB-3, and USB-B), Charger Type (Portable Power Bank/Docking System/Alarm Clock, Wall Chargers, Car Chargers, and Others), Port (Single Port and Multi-Port), Distribution Channel (Online and Offline), Power (30W-44W, 45W-59W, 60W-75W, and Others), Connector (Macro Connectors, Micro Connectors, and Others), Functionality (USB 2.0, USB 3.0, and Others), Application (Smartphones, Laptops, Desktop, Tablets, Headsets/Audio Accessories, Smartwatches, Camera/Video Cameras, Game Controllers, E-Readers, Smart Clocks, Music Players, Toys, Printers, Optical Drive and Hard Drive, and Others) - Industry Trends and Forecast to 2030.

U.S. USB Charger Market Analysis and Size

The rise in demand for smartphones is expected to drive market growth. In addition, an upsurge in the need for simultaneous charging of multiple devices and the growing demand for certified USB chargers are expected to further propel market growth. The major restraint that may negatively impact the market is the increase in the presence of counterfeit products. The enhanced R&D activities for a better experience are expected to provide opportunities for market growth. However, device fragmentation and compatibility issues are expected to pose a challenge to market growth.

U.S. USB Charger MarketU.S. USB Charger Market

The U.S. USB charger market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.2% in the forecast period of 2023 to 2030 and is expected to reach USD 11,032.46 million by 2030. The growing demand for certified USB chargers and increasing usage of smartphones is the major factor expected to drive market growth.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million

Segments Covered

Product (USB-A, USB-C, Micro-USB, Mini-USB, USB-3, and USB-B), Charger Type (Portable Power Bank/Docking System/Alarm Clock, Wall Chargers, Car Chargers, and Others), Port (Single Port and Multi-Port), Distribution Channel (Online and Offline), Power (30W-44W, 45W-59W, 60W-75W, and Others), Connector (Macro Connectors, Micro Connectors, and Others), Functionality (USB 2.0, USB 3.0, and Others), Application (Smartphones, Laptops, Desktop, Tablets, Headsets/Audio Accessories, Smartwatches, Camera/Video Cameras, Game Controllers, E-Readers, Smart Clocks, Music Players, Toys, Printers, Optical Drive and Hard Drive, and Others)

Countries Covered

U.S.

Market Players Covered

Goal Zero, J5create, MIZCO International Limited, myCharge, Nekteck, Ravpower, Spigen, Inc., Native Union, Belkin, ZAGG Inc., Fantasia Trading LLC, Apple Inc., Eaton, SAMSUNG, and AT&T Intellectual Property among others

Market Definition

A Universal Serial Bus (USB) is a plug-and-play interface that allows computers to communicate with peripherals and other devices. USB-connected devices cover a broad range of keyboards and mice, music players, and flash drives. USB is used to send power to the devices, such as powering smartphones and tablets and charging their batteries. A power adapter that generates the 5-volt DC standard is required by USB. The amperage varies typically from .07A to 2.4A. The charger is plugged into an AC outlet, while a USB cable is plugged into the charger. USB ports on computers have an upper limit of up to 500 milliamps; however, USB chargers that come with cellphones and other devices handle the current of one or more amps.

U.S. USB Charger Market Dynamics

This section deals with understanding the market drivers, restraints, opportunities, and challenges. All of this is discussed in detail below:

Drivers

  • Upsurge in the Need for Simultaneous Charging of Multiple Devices

Demand for USB wall chargers is rising very rapidly due to the short battery lives of the electronic devices. Also, people wants to charge all their electronic devices at the same time in order to utilize their time. This has risen the demand of multiport charger market as it is known to be a compact, and a convenient solution and is also very productive in every day’s life. It has also been witnessed that not only traveler but even entertainment, work and others too can use the multiport which helps them to charge its multiple devices at a fast rate. Thus, due to the increase in demand, many companies has come up with different multiport charger. The charger now contains two to seven ports in it which can help the customers to charge all their electronic devices at the same time.

Thus, an increase in the demand for multiport chargers will definitely cater to the need for charging multiple devices such as smartphones, laptops, and others at the same time and at fast rate, which is expected to drive market growth.

  • Growing Demand for Certified USB Chargers

People are opting for a certified charger in the market as they are becoming aware of the advantages of certified products over fake chargers. This charger comes not only with good quality but with safety and protection making people opt for certified chargers, which leads to a rise in its demand in the market. Many companies are trying to get the USB IF certification to prove their product is of high quality and safe to use. Also, USB-IF cable certification program aims to provide USB end users with a list of cables that meet the quality standards necessary to operate in a USB environment. Moreover, many companies try for Qi certification as Qi-certified products are tested to international regulatory standards to increase safety, assure quality, reduce risk, prove interoperability, and ensure reliability.

Customers demand certified products to ensure product quality and safety, which is expected to drive market growth.

U.S. USB Charger Market

Opportunity

  • Expansion in Demand for Fast Charging Charger in the Market

People nowadays have a fast life due to which they do not have much time to spare charging their devices, which leads to the increase in demand for fast-charging technology in the market. Many new technologies such as USB PD technology, USB 4.0, and others are developing which will help the consumer to charge his device in less time and carry on his work. Many companies are incorporating new and advanced technology in their charging solutions to cater to the rising demand of the market.

Thus, with the advancement in charging technology, companies can provide their consumers with fast chargers which will be safer and more efficient. This is expected to drive market growth.

Restraint

  • Increase in the Presence of Counterfeit Products

The rise in the presence of fake products in the USB charger market is a significant concern for consumers, manufacturers, and regulatory bodies alike. Fake or counterfeit USB chargers refer to those products that imitate the appearance and branding of genuine chargers but often do not meet the safety, quality, and performance standards established by regulatory authorities. This issue has become more prevalent with the increasing demand for electronic devices and accessories. The manufacturing and distribution of electronic accessories including USB chargers can be subject to limited regulations and oversight in certain regions. This regulatory gap provides an opportunity for counterfeiters to exploit the market. Many companies are creating structurally similar products and selling them as real ones. But the quality of such product is very low which hamper the consumer and their devices. Fake product also damages the brand image of the company in the market. Counterfeit chargers often lack proper safety mechanisms, leading to a higher risk of electrical accidents, overheating, fires, and even electric shocks. The use of substandard components can result in serious safety issues. Poor-quality chargers can damage electronic devices by delivering incorrect voltage or current levels, leading to reduced battery life, performance issues, or complete device failure. Adding to this, their presence can decrease the total sales of the company.

Manufacturers, governments, and regulatory bodies also play a crucial role in combating the presence of fake products in the market. They can work together to establish and enforce stricter regulations to enhance product traceability and conduct regular market surveillance to make consumers aware of the risks associated with counterfeit products.

Challenge

  • Device Fragmentation and Compatibility Issues

Device fragmentation specially refers to the wide range of devices with different charging requirements, connector types, and compatibility issues that manufacturers and consumers have to deal with while manufacturing. Different devices use various types of USB connectors such as USB-A, USB-C, and micro USB. These connectors have varying physical designs and capabilities, leading to the need for different types of chargers and cables. Devices have different battery capacities and power consumption levels. Some devices like smartphones and tablets require less power to charge, while laptops and others need higher wattages for efficient charging. Consumers need to navigate a complex landscape of charging options to find chargers that are compatible with their devices and provide the desired charging speeds.

Recent Developments                

  • In 2021, Spigen Inc. extended its range of ‘ArcStation Pro’ GaN-based fast chargers and introduced GaNFast 45W ArcStation Pro charger especially for Samsung’s flagship smartphone, the S21 Ultra. GaN, a next-generation semiconductor technology, is used in the charger that runs up to 100x faster than old, slow silicon (Si) and enables up to 3x more power or 3x faster charging in half the size & weight. In addition, it has dual USB-C outputs, which will help charge two devices at the same time. Thus, the company will be able to provide its customers with another fast multi-port charger
  • In 2021, Belkin launched two new products SoundForm true wireless earbuds and a MagSafe compatible BoostCharge Pro Wireless charger. This charger has a quick charge feature, which gives 2 hours of playback with just 15 minutes of charging. Thus, the company has brought forward another fast wireless charger for its customers

U.S. USB Charger Market Scope

The U.S. USB charger market is segmented into eight notable segments based on product, charger type, port, distribution channel, power, connector, functionality, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Product  

  • USB-A
  • USB-C
  • Micro-USB
  • Mini-USB
  • USB-3
  • USB-B

On the basis of product, the market is segmented into USB-A, USB-C, Micro-USB, Mini-USB, USB-3, and USB-B.

Charger Type

  • Portable Power Bank/Docking System/Alarm Clock
  • Wall Chargers
  • Car Chargers
  • Others

On the basis of charger type, the market is segmented into portable power bank/docking system/alarm clock, wall chargers, car chargers, and others.

Port  

  • Single Port
  • Multi-Port

On the basis of port, the market is segmented into single port and multi-port.

Distribution Channel

  • Online
  • Offline

On the basis of distribution channel, the market is segmented into online and offline.

Power  

  • 30W-44W
  • 45W-59W
  • 60W-75W
  • Others

On the basis of power, the market is segmented into 30W-44W, 45W-59W, 60W-75W, and others.

Connector

  • Macro Connectors
  • Micro Connectors
  • Others

On the basis of connector, the market is segmented into macro connectors, micro connectors, and others.

Functionality

  • USB 2.0
  • USB 3.0
  • Others

 On the basis of functionality, the market is segmented into USB 2.0, USB 3.0, and others.

Application

  • Smartphones
  • Laptops
  • Desktop
  • Tablets
  • Headsets/Audio Accessories
  • Smartwatches
  • Camera/Video Cameras
  • Game Controllers
  • E-Readers
  • Smart Clocks
  • Music Players
  • Toys
  • Printers
  • Optical Drive and Hard Drive
  • Others

On the basis of application, the market is segmented into smartphones, laptops, desktop, tablets, headsets/audio accessories, smartwatches, camera/video cameras, game controllers, e-readers, smart clocks, music players, toys, printers, optical drive and hard drive, and others.

U.S. USB Charger Market

Competitive Landscape and U.S. USB Charger Market Share Analysis

The USB charger market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the USB charger market.

Some of the major market players operating in the market are Goal Zero, J5create, MIZCO International Limited, myCharge, Nekteck, Ravpower, Spigen, Inc., Native Union, Belkin, ZAGG Inc., Fantasia Trading LLC, Apple Inc., Eaton, SAMSUNG, and AT&T Intellectual Property among others.


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FREQUENTLY ASK QUESTIONS

The U.S. USB charger market size will be worth USD 11,032.46 million by 2030.
The growth rate of the U.S. USB charger market is 6.2% by 2030.
Upsurge in the Need for Simultaneous Charging of Multiple Devices & Growing Demand for Certified USB Chargers are the growth drivers of the U.S. USB charger market.
Product, charger type, port, distribution channel, power, connector, functionality, and application are the factors on which the U.S. USB charger market research is based.
Major companies in the U.S. USB charger market are Goal Zero, J5create, MIZCO International Limited, myCharge, Nekteck, Ravpower, Spigen, Inc., Native Union, Belkin, ZAGG Inc., Fantasia Trading LLC, Apple Inc., Eaton, SAMSUNG, and AT&T Intellectual Property among others
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