Global USB Charger Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

In 2022, USB-C and USB4 together mark a significant data rate improvement over previous USB standards, with up to 40 gigabytes per second

The Global USB Charger Market is estimated to be USD 30.37 Bn in 2023 and is expected to reach USD 45.1 Bn by 2028 growing at a CAGR of 8.23%.

Universal Serial Bus (USB) is high-speed connectivity and a 'plug and play'interface between a computer and its peripherals. The USB charger market has grown rapidly in recent years due to the widespread use of portable electronic devices that require charging. USB chargers offer several advantages over traditional chargers, including smaller sizes, faster charging times, and compatibility with various devices. The market for USB chargers is highly competitive, with many manufacturers offering various products at different price points. Some of the major players in the market include Apple, Samsung, LG, Sony, and Belkin. These companies offer a range of USB chargers, including wall, car, and portable chargers. As these devices become more powerful and feature-rich, their battery life decreases, leading to a greater need for charging. The growing trend of wireless charging also drives the demand for USB chargers that support wireless charging.

The market is driven by the increasing power consumption of electronic devices due to the consistent use of Internet services. This is because many electronic devices, such as smartphones, laptops, and tablets, rely on internet connectivity to function properly. With the growing popularity of online services such as streaming media, social media, and e-commerce, more and more people are using their devices for longer periods, leading to increased power consumption. Several factors contribute to the increased power consumption of electronic devices when using internet services. One factor is the display screen, which is typically a device's most significant power drain. When streaming video or browsing the web, the display screen is constantly active, which requires significant power. Another factor is wireless communication technologies such as Wi-Fi and cellular data.

While data centers may use USB chargers to power and charge electronic devices, it is unlikely that there has been a significant increase in the number of data centers using USB chargers specifically. Data centers typically require high-capacity power systems and backup generators to ensure uninterrupted power supply to their critical infrastructure. Some data centers may use USB chargers in certain areas, such as in employee break rooms or for testing and troubleshooting. USB charging stations may also be used in public areas such as airports, hotels, and conference centers, which may be adjacent to or part of a data center.

Overheating issues challenge the market. It is the most common issue in USB chargers, particularly those designed for high-power devices such as laptops and tablets. Various factors, including overloading and inadequate heat dissipation, can cause overheating. Overheating can pose a safety risk, as it can cause the charger to malfunction, catch fire, or even explode in extreme cases. In addition to the safety risk, overheating can damage the charged electronic devices, leading to additional consumer costs.

Market Segmentations

• The Global USB Charger Market is segmented based on Product Type, Charger Type, Functionality, Charging Power Delivery, Applications, Industry Vertical, and Geography.
• By Product Type, the market is classified into USB Type A, USB Type B, and USB Type C. Compared to the previous USB Type-A and Type-B connectors, USB-C has several advantages. One of the biggest advantages is its size and shape, which is much smaller and more versatile than previous USB connectors. This makes using various devices, including laptops, smartphones, tablets, and other portable devices easier. Another advantage of USB-C is its reversible design, which means it can be inserted into a device in any orientation. Overall, USB-C is a versatile and powerful connector that is quickly becoming the standard for USB connections. As more devices adopt USB-C, it is likely to become even more popular in the future.
• By Charger Type, the market is classified into Wall chargers, Portable Power Banks, and Car chargers. The increasing adoption of wall chargers can be attributed to the growing usage of electronic devices such as smartphones, tablets, and laptops. As these devices become more sophisticated and power-hungry, users need reliable and efficient ways to charge them. Wall chargers offer a convenient and easy-to-use solution for this purpose. The demand for fast charging has also contributed to the popularity of wall chargers. Furthermore, the availability of USB chargers has made it easier for users to charge their devices on the go, regardless of whether they can access a computer or a power outlet. USB chargers are compact and portable, making them an ideal travel companion.
• By Functionality, the market is classified into. USB 1. x, USB 2.0, USB 3. x, and USB 4USB 4 is the latest version of the Universal Serial Bus (USB) standard, released in 2019. It is the successor to USB 3.2 and is designed to provide faster data transfer speeds, improved connectivity, and better power delivery capabilities. SB 4 is the ability to provide a maximum data transfer rate of up to 40 Gbps, which is twice the speed of USB 3.2. This makes it ideal for high-bandwidth applications such as video editing, gaming, and virtual reality. USB 4 simultaneously supports multiple data and display protocols, including Thunderbolt 3, DisplayPort, and HDMI. In addition, USB 4 has improved power delivery capabilities, allowing it to provide up to 100 watts of power to connected devices.
• By Power, the market is classified into. 0 30W - 45W, 45W - 60W, 60W - 75W, and Above 75W.USB charger market for power above 75W is one of the largest segments. The market size for power above 75W would depend on factors such as the geographical region, target market, and commonly used devices. Other factors that could affect the market size include the availability of alternative charging solutions, regulatory requirements, and consumer preference.
• By Port, the market is classified into One, Two, Three, Four, and Others. The USB 4 segment is expected to grow in the USB charger market. USB 4 chargers can deliver higher power levels than previous USB standards, which makes them well-suited for charging high-power devices such as laptops and tablets. USB 4 also offers faster data transfer speeds, which can be beneficial for transferring large files or streaming high-quality video. USB 4 is a newer standard for USB connectivity that offers faster data transfer speeds, increased power delivery, and improved compatibility with other USB standards.
• By Applications, the market is classified into Smartphones, Cameras, Camcorders, Printers, Scanners, computers, TV, and Others. The computer segment is expected to remain a major application segment in the USB cable market as more devices adopt USB technology and require faster data transfer speeds and higher power delivery levels. USB cables are widely used in computers for a variety of purposes, such as data transfer, charging, and connecting peripherals. Adopting USB-C technology in laptops and desktops is also expected to drive the demand for USB cables supporting this standard. In addition, the rise of remote work and distance learning has also increased the demand for USB cables for use with webcams, microphones, and other peripherals used in virtual meetings and online classes.
• By Distribution Channel, the market is classified into. Online and Offline. The online distribution channel for USB chargers has increased as more consumers turn to online shopping for convenience and a wider selection of products. The growth of e-commerce platforms such as Amazon, eBay, and Alibaba have made it easier for consumers to purchase USB chargers online from various sellers. Additionally, many manufacturers and retailers have established their e-commerce websites to sell their products directly to consumers. Online stores often have a wider selection of USB chargers than Offline stores, allowing consumers to find the exact product that meets their needs.
• By Geography, the market is classified into the Americas, Europe, Middle-East & Africa, and Asia-Pacific. The Asia Pacific region is expected to be the fastest-growing market for USB chargers. The region is home to several emerging economies, including China and India, where the demand for electronic devices and accessories is increasing rapidly. Additionally, the region has several USB charger manufacturers, offering competitive prices, driving demand.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Eaton Corp. PLC, Advanced Micro Devices Inc, Prime Wire & Cable, Inc., The Douglas Stewart Company, Inc., AT&T Inc., etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxemburg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global USB Charger Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the company's growth. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global USB Charger Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global USB Charger Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market