PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401451
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401451
Global USB Charger Market is valued at approximately USD 27.11 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.63% over the forecast period 2023-2030. USB is charger is used to charger electronic devices such as smartphones, Wireless earphones, laptops and more. It is also used of transferring of files. The USB Charger Market is expanding because of factors such as the increasing popularity of smartphones and other portable electronic devices and the popularity of multi-port USB chargers. However, the presence of duplicate USB chargers and cheap USB chargers which are risky and tends to lower the market.
The increase in people buying smartphones have resulted in an increase in the market of USB charger. Smartphone shipments globally added up to around 1.2 billion units in 2022 according to Statista 2023. In 2021, the number of mobile devices operating globally stood at almost 15 billion. Additionally, revenue in the Consumer Electronics market amounts to USD 1,028.00 billion in 2023. and the market is expected to grow annually by 2.32% CAGR for forecast period. Many consumer electronics are chargeable and needs a USB charger for its charging such as smartphones, tablets, laptops and more. So increase in electronics market results in increase of USB Charger Market. Superfast charging helps the individual to save time and the rise in the number of products innovations in USB Charger Market results as an opportunity for this market.
The key regions considered for the Global USB Charger Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the growing demand for consumer electronics and rising disposable income among people of this region. According to Statista 2023, in 2020, the market size of the consumer electronics Market in the Asia-Pacific region amounted to USD 257 billion. North America is expected to grow significantly over the forecast period, owing to factors such as increase in demand of virtual reality and consumer electronics among population. Moreover, availability of key players in the market leads to growth of consumer electronics market in this region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable