Market Research Future (MRFR) in its new published half-cooked report on the global automotive USB power delivery system market size 2023 for the analysis period 2023 to 2030 reveals factors that are expected to support and limit the market. As per MRFR study, the automotive USB power delivery system market is likely to thrive at 18.30% CAGR in the analysis period 2023 to 2030.
Automotive USB Power Delivery System
Market Key Players
- Cypress
Semiconductor Corporation (US)
- Infineon
Technologies AG (Germany)
- Lattice
Semiconductor (US)
- NXP
Semiconductors (Netherlands)
- Renesas
Electronics Corporation (Japan)
- Texas
Instruments Incorporated (US)
- ON
Semiconductor (US)
- ROHM
Semiconductor (Japan)
- STMicroelectronics
(Switzerland)
Automotive USB Power Delivery System
Market Highlights
USB technology offers single cable solution for
the transfer of data and power for audio and video applications. The increase
in the generation of data resulting in surge in need for data transfer can
support the expansion of the automotive USB power delivery system market in the
near future.
The growing the need to assemble combination and
type C USB devices that comprises connector combination and a cable can support
the expansion of the market in the analysis period. The data transfer speed and
support for different interface specifications via several alternate modes
benefits offered by them are likely to positively impact the market. The
availability of alternate modes, such as wired-data interface and wired
audio-video interface can support the expansion of the market in the years to come.
Automotive USB Power Delivery System
Market Segment Study
The segment analysis of the automotive USB power
delivery system market is done by type, distributed, vehicle type, and
distribution.
The type based segments of the automotive USB
power delivery system market are type C and combination. The combination
segment can earn substantial turnover in the forecast period for the global
market.
The distribution based segments of the automotive
USB power delivery system global market are online and offline. The Online
segment is anticipated to garner considerable revenue in the upcoming years.
The application based segments of the automotive
USB power delivery system global market are rear-seat entertainment, head
units, and rear-seat chargers. The rise in head unit utility can bolster the
expansion of the market in the forecast period.
The vehicle type based segments of the automotive
USB power delivery system global market are commercial vehicle and passenger
cars. The growing use of Passenger cars across the globe can make significant
contribution to the rise of the automotive USB power delivery system market in
the forecast period.
Automotive USB Power Delivery System
Market Regional Analysis
As per MRFR regional assessment, Europe is likely
to secure the largest market share in the worldwide market of automotive USB
power delivery system. The expansion of the automotive USB power delivery
system market in Europe can be attributed to rise in R&D institutions and
growing industrial value chain integration in mechanical and electronic
engineering sectors, along with automotive industry. The increase in the need
to create conducive investment atmosphere for players across the global can support
the expansion of the regional market.
The rise in the need for automotive electronics
can also support the expansion of the regional market. In Asia Pacific, the automotive
USB power delivery system market share can rise
rapidly due to the existence of top notch marketers in the region, those
constantly invested in research and development of effective solutions. The
need to introduce innovative specifications for solution for power delivery
systems is likely to contribute significantly to the rise of the automation USB
market in the near future.
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