USD 26.9 billion
USB Charger Market Size, Share, Growth Analysis, By Charger Type(Car charger, wall charger and power bank), By Application(Laptop, desktop) - Industry Forecast 2024-2031
Report ID:
SQMIG45J2118 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
62 |
Figures:
75
USB Charger Market Insights
Global USB Charger Market size was valued at USD 26.9 billion in 2022 and is poised to grow from USD 28.68 billion in 2023 to USD 47.82 billion by 2031, growing at a CAGR of 6.6% during the forecast period (2024-2031).
The global USB charger market has witnessed substantial growth and evolution in recent years, driven by the increasing adoption of electronic devices, rising smartphone penetration, and the growing need for convenient charging solutions. USB chargers have become an integral part of our daily lives, offering a universal and standardized method for charging various devices such as smartphones, tablets, laptops, and wearable devices. The market has experienced a surge in demand due to the proliferation of smartphones worldwide, coupled with the rapid advancements in technology, resulting in the introduction of power-hungry devices that require efficient and fast charging capabilities. The market is characterized by a wide range of USB charger types, including wall chargers, car chargers, power banks, and wireless chargers, catering to diverse consumer needs and preferences. Wall chargers dominate the market, owing to their convenience, ease of use, and widespread availability. However, wireless chargers are gaining traction with the growing popularity of wireless charging-enabled devices and the desire for a cable-free charging experience.
Geographically, North America, Europe, Asia Pacific, and Latin America are key regions contributing to the global USB charger market growth. Asia Pacific holds a significant market share, driven by the presence of major manufacturing hubs, increasing disposable income, and the region's massive consumer base. China, in particular, plays a pivotal role as a leading producer and consumer of USB chargers. North America is witnessing substantial growth, primarily due to the high smartphone and gadget penetration rates, coupled with the rising demand for portable and efficient charging solutions. Key market players are focusing on product innovation, technological advancements, and strategic collaborations to gain a competitive edge. Additionally, the industry is witnessing a shift toward environmentally-friendly and energy-efficient USB chargers, driven by growing awareness of sustainability and the need to reduce electronic waste. Nevertheless, with the increasing dependence on electronic devices and the constant need for reliable charging solutions, the global USB charger market is expected to continue its upward trajectory in the coming years, presenting lucrative opportunities for manufacturers, retailers, and investors alike.
US USB Charger Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Wall charger
Fastest Growth
Power bank
Growth Rate
6.6% CAGR
Global USB Charger Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global USB Charger Market By Charger Type ($ Bn)
Global USB Charger Market By Charger Type (%)
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USB Charger Market Segmental Analysis
The Global USB Charger Market is segmented by charger type, application, and region. Based on charger type, the market can be segmented into car charger, wall charger and power bank. Based on application, the market is segmented into Laptop, desktop, smartphone and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
USB Charger Market Analysis by Charger Type
The wall charger segment dominated the global USB charger market. Wall chargers are widely used and readily available, making them the go-to charging solution for a wide range of electronic devices. They are convenient, easy to use, and typically come bundled with devices like smartphones and tablets. Wall chargers offer a reliable and efficient charging experience, making them a popular choice among consumers. The widespread adoption of wall chargers across various industries and sectors, including residential, commercial, and industrial, contributes to their dominant market position.
The power bank segment is experiencing rapid growth and is the fastest-growing charger type in the global USB charger market. Power banks provide portable charging solutions, allowing users to charge their devices on the go, without access to a power outlet. The increasing reliance on smartphones and other portable electronic devices, coupled with the need for uninterrupted power supply, drives the demand for power banks. Additionally, advancements in power bank technology, such as higher battery capacities, faster charging speeds, and the incorporation of additional features like wireless charging and multiple USB ports, further propel their growth. The versatility and convenience offered by power banks make them a preferred choice for travelers, outdoor enthusiasts, and individuals seeking portable charging solutions in various scenarios. As a result, the power bank segment is witnessing significant expansion and is expected to continue its upward trajectory in the coming years.
USB Charger Market Analysis by Application
The smartphone segment currently dominates the global USB charger market in terms of application. Smartphones have become an essential part of our daily lives, driving the demand for efficient and convenient charging solutions. With the increasing penetration of smartphones worldwide and the growing trend of multiple device ownership, the need for USB chargers specifically designed for smartphones has soared. The smartphone segment holds the largest market share due to the sheer volume of smartphones in use and the continuous demand for reliable charging options to keep these devices powered throughout the day.
The laptop segment is the fastest-growing application in the global USB charger market. Laptops have become indispensable tools for professionals, students, and individuals across various industries. The increasing need for portable computing power, coupled with remote work and e-learning trends, has propelled the demand for laptops. As a result, the demand for USB chargers tailored for laptops has surged. This growth is further accelerated by technological advancements in laptops, such as higher-performance processors, increased battery capacity, and lightweight designs, which drive the need for efficient and fast charging solutions. The laptop segment is experiencing significant growth and is expected to continue expanding as laptops become increasingly prevalent in both personal and professional settings.
Global USB Charger Market By Charger Type, 2023 (%)
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USB Charger Market Regional Insights
Asia Pacific (APAC) holds the dominant position in the global USB charger market. The region has a large population, significant smartphone penetration, and a growing middle class with increasing purchasing power. These factors have contributed to the high demand for USB chargers in APAC. Additionally, countries like China, India, and South Korea are major manufacturing and consumer hubs for electronic devices, further bolstering APAC's dominance in the USB charger market.
North America is the fastest-growing region in the global USB charger market. The region has a technologically advanced consumer base, high smartphone and gadget penetration rates, and a culture of early adoption of new technologies. The increasing demand for portable charging solutions and the rise in the number of devices per individual are driving the growth of the USB charger market in North America. The region also benefits from the presence of key market players and continuous advancements in USB charger technology, contributing to its position as the fastest-growing region in the market.
Global USB Charger Market By Region, 2024-2031
- Largest
- Fastest
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USB Charger Market Dynamics
USB Charger Market Drivers
Increasing adoption of electronic devices
- One key driver for the Global USB Charger Market is the increasing adoption of electronic devices. As the number of electronic devices such as smartphones, tablets, laptops, and wearable devices continues to rise globally, the demand for USB chargers grows in parallel. The proliferation of these devices and the need for efficient and convenient charging solutions act as a significant driver for the USB charger market.
USB Charger Market Restraints
Emergence of alternative charging technologies
- A notable restraint for the Global USB Charger Market is the emergence of alternative charging technologies. Wireless power transfer technologies, such as wireless charging pads and Qi-enabled devices, are gaining popularity and providing users with cable-free charging options. The availability of alternative charging methods poses a restraint to the USB charger market, as it presents competition and alternative solutions that may impact the demand for traditional USB chargers.
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USB Charger Market Competitive Landscape
The competitive landscape of the global USB charger market is characterized by intense competition among players striving to gain a significant market share. Key market participants focus on product innovation, technological advancements, and strategic collaborations to maintain a competitive edge. Continuous research and development efforts are aimed at enhancing charging speed, efficiency, and compatibility with various devices. Additionally, manufacturers are increasingly emphasizing eco-friendly and energy-efficient USB chargers to align with the growing consumer demand for sustainability. The market is dynamic, with new entrants and existing players constantly introducing new products and improving their offerings to cater to evolving consumer preferences and market trends. Effective distribution channels, strong retail networks, and brand reputation play vital roles in establishing a competitive position in the market.
USB Charger Market Top Player’s Company Profiles
- Baccus Global LLC (US)
- Inter IKEA Systems B.V. (Netherlands)
- Eaton (Ireland)
- Xiaomi (China)
- MIZCO International, Inc. (US)
- Mophie, Inc. (US)
- Just Wireless (US)
- Cyber Power Systems Inc. (US)
- Huntkey (China)
- Twin Star Home (US)
- E-filliate, Inc. (US)
- Anker Innovations (China)
- Belkin International, Inc. (US)
- Griffin Technology (US)
- Native Union (Hong Kong)
- Ventev (US)
- Scosche Industries (US)
- RavPower (China)
- Satechi (US)
- Jasco Products Company (US)
USB Charger Market Recent Developments
-
In February 2024, ROHM uncovered that its 650V GaN device, called EcoGaN™, will be used in the C4 Duo, a 45W USB-C charger made by Innergie, a brand under Delta. Delta, based in Taiwan, specializes in IoT-based Smart Green Solutions worldwide. ROHM's EcoGaN™ improves performance, reliability, and size reduction in power supply systems by boosting efficiency.
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In March 2024, as per an article, in North America, electric vehicle charging resembles the competition among smartphone chargers. Most use the Combined Charging System (CCS, Type 1) plug, like USB-C. Tesla has its plug, but it's broadly accessible through its Supercharger network. Now, Tesla is moving to a new standard called North American Charging Standard (NACS) to be like USB-C for electric vehicles. Ford and GM are on board. In Europe, all organizations, including Tesla, must use CCS2. In the US, different charging networks mean varying accounts and access methods for EV owners. The Biden administration plans to invest $7.5 billion to improve fast-charging infrastructure.
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In November 2023, Anker, a popular Chinese electronics company, launched the Anker 335 Power Bank globally following its successful debut in China. This power bank has a capacity of 20,000mAh and a 22.5W output, providing a robust and dependable charging solution.
USB Charger Key Market Trends
- One key market trend in the global USB charger market is the increasing demand for fast charging capabilities. Consumers are seeking chargers that can rapidly charge their devices, allowing them to minimize downtime and maximize productivity. With the growing reliance on smartphones, tablets, and laptops, the need for quick and efficient charging solutions has become crucial. As a result, manufacturers are focusing on developing chargers with higher wattage outputs and implementing technologies like GaN (gallium nitride) to enable faster charging speeds, catering to the market trend of fast charging.
USB Charger Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global USB Charger Market analysis, the market is experiencing significant growth driven by the increasing adoption of electronic devices and the need for convenient charging solutions. Wall chargers have emerged as the dominant charger type, offering convenience and widespread availability. Power banks is the fastest-growing segment due to their portable and on-the-go charging capabilities. Smartphones hold the dominant position in applications, while laptops represent the fastest-growing segment, fueled by remote work and e-learning trends. Asia Pacific dominated the market, driven by a large consumer base and manufacturing hubs. North America is the fastest-growing region, propelled by advanced technology adoption. The market is highly competitive, with players focusing on innovation, collaborations, and sustainability. However, challenges such as alternative charging technologies pose restraints.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 26.9 billion |
| Market size value in 2031 | USD 47.82 billion |
| Growth Rate | 6.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on USB Charger Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on USB Charger Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the USB Charger Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the USB Charger Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the USB Charger Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the USB Charger Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USB Charger Market Report Snapshots
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