The global automotiveUSB power delivery system market size 2023for 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.
Key Players in the Automotive USB PowerDelivery System Market:
· Cypress SemiconductorCorporation (US)
· Infineon TechnologiesAG (Germany)
· Lattice Semiconductor(US)
· NXP Semiconductors(Netherlands)
· Renesas ElectronicsCorporation (Japan)
· Texas InstrumentsIncorporated (US)
· ON Semiconductor (US)
· ROHM Semiconductor(Japan)
· STMicroelectronics(Switzerland)
Automotive USB Power Delivery System MarketHighlights:
USB technology provides a single cable solutionfor data and power transfer, particularly for audio and video applications. The
increasing generation of data and the growing demand for data transfer are
expected to drive the expansion of the automotive USB power delivery system
market in the near future. Moreover, the need to integrate combination and type
C USB devices, which include connector combination and a cable, is likely to
support market growth.
These USB systems offer benefits such as high datatransfer speeds and support for various interface specifications through
alternate modes, which are expected to have a positive impact on the market.
The availability of alternate modes, such as wired-data interface and wired
audio-video interface, is also expected to contribute to market expansion in
the coming years.
Automotive USB Power Delivery System MarketSegment Study:
The segment analysis of the automotive USB powerdelivery system market is based on type, distribution, vehicle type, and
application.
· Type-based Segments:The market segments based on type include type C and combination. The
combination segment is expected to generate substantial revenue in the forecast
period.
· Distribution-basedSegments: Distribution segments consist of online and offline channels. The
online segment is anticipated to contribute significantly to revenue in the
upcoming years.
· Application-basedSegments: The application segments of the market include rear-seat
entertainment, head units, and rear-seat chargers. The increasing utility of
head units is likely to drive market expansion in the forecast period.
· Vehicle Type-basedSegments: Vehicle type segments include commercial vehicles and passenger cars.
The growing use of passenger cars worldwide is expected to make a significant
contribution to the growth of the automotive USB power delivery system market
in the forecast period.
Automotive USB Power Delivery SystemMarket Regional Analysis
As per MRFR regional assessment, Europe is likelyto secure the largest market share in the worldwide market of automotiveUSB power delivery system. The expansion of theautomotive 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 electronicscan also support the expansion of the regional market. In Asia Pacific, the automotiveUSB power delivery system market share can riserapidly 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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