A USB charger is utilized to charge different devices that include mobiles and tablets with different types of USB ports, primarily type A, type B, and type C, which are generally used by the residential and commercial sectors. The popularity of the type C charger is rapidly increasing in the USB charger market owing to the advent of advanced products with power delivery functions. The numerous types of USB chargers are USB wall chargers, USB car chargers, and portable power banks/docking systems/alarm clocks. Additionally, type C is available with the PD and without the PD functionality. Surge in the demand for type C for device charging in order to cater to the demand for a fast charging facility is leading the USB charger market. Moreover, USB power delivery increases the basic USB charging speeds for up to 100W of output power. The amount of available power is divided into different power ratings, which operates at different voltages. Consumers mostly prefer portable power banks/docking systems/alarm clocks or wall USB chargers owing to easy availability and easy to use while traveling.
USB chargers have gained massive popularity across the world, thanks to the high usage and availability of numerous products that require USBs for charging. The increasing demand for enhanced functionality in smartphones demands high battery power to support different functions throughout the day. Feature-sets, sensors, and processing are hindered with the standard battery power capacity of smartphones, currently surviving barely above 1500 mAh. Smartphone companies are launching new phones every day with superior features such as camera efficiency, Internet-based applications, and social networking, which require continuous Internet access such as 4G, LTE, and Wi-Fi that consume comparatively more battery power, thereby resulting in insufficient battery power or storage capacity in the smartphone. Additionally, the demand for wireless charging, due to the rise in the preference by smartphone users, is anticipated to increase during the forecast period. The high rate of adoption of wireless processing devices, such as smartphones and tablets, is expected to drive the demand for wireless charging devices. These devices help charge whenever and wherever required, thereby eradicating the need for mobile chargers, which, in turn, is anticipated to fuel the USB charger market during the forecast period. However, the growing adoption of counterfeit and forged products is expected to restrain the USB charger market during the forecast period.
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In terms of geographical perspective, Asia Pacific USB charger market is likely to be a very attractive region in the global USB charger market during the forecast period, owing to the high adoption of USB chargers. Manufacturers are keen on entering the Asia Pacific USB charger market to grab a substantial market share in the global USB charger market. After Asia Pacific, North America and Europe are major regions in the global USB charger market, owing to the increased demand for smartphones, high demand for the latest technology, and changing lifestyles of people living in urban areas in the region. Preferences for device charging among consumers in these regions have been changing in the last few years, moving from non-portable to portable charging, which is a key factor driving the USB charger markets in these regions. As compared to other regions, the Middle East & Africa and South America USB charger markets are expected to experience slower growth rates during the forecast period.
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