In 2023, the Automotive USB Power Delivery System Market was estimated to be worth USD 0.47 billion. The Automotive USB Power Delivery System Market is expected to increase from USD 0.559 billion in 2024 to USD 2.14 billion by 2032, at a compound annual growth rate (CAGR) of 18.3% between 2024 and 2032. Increased sales of type C USB and increased demand for automotive entertainment systems are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
One of the primary factors of the growth of the automotive USB power delivery system market CAGR is the increasing demand for rapid charging technologies. With the growing popularity of electric vehicles and the increasing number of electronic gadgets in cars, people are looking for faster and more effective ways to charge their devices. USB power delivery systems provide a practical and dependable solution to this problem, allowing users to charge their gadgets fast and effortlessly while on the go.
Furthermore, the growing demand for electric vehicles is propelling the automotive USB power delivery system market forward. As electric vehicles become more prevalent, the demand for dependable and efficient charging options grows. USB power supply systems provide a versatile and cost-effective solution to this issue, allowing customers to charge their automobiles fast and conveniently with a typical USB cable.
Moreover, the increasing usage of advanced driver assistance systems (ADAS) is another significant driver of the growth of the automotive USB power delivery system market. These systems, which include features like blind spot recognition, lane departure warning, and adaptive cruise control, demand a lot of electricity to run. USB power supply systems, which allow ADAS devices to be powered via a conventional USB cable, provide a convenient and dependable solution to this problem.
Furthermore, the growing trend for connected cars is propelling the automotive USB power supply system market forward. As more automobiles become internet-connected, the demand for dependable and efficient charging options grows. USB power delivery systems provide a versatile and cost-effective solution to this issue, allowing customers to charge their gadgets quickly and easily with a typical USB cable.
The growing demand for in-car entertainment systems is another significant driver of the growth of the automotive USB power supply system market. With the growing popularity of streaming services like Netflix and Spotify, customers are looking for methods to watch their favourite content while on the go. USB power supply systems provide a simple and dependable solution to this problem, allowing users to charge their devices quickly and effortlessly while watching their favourite content.
As an example, many new cars include USB power supply systems that are designed to interact with a variety of devices, including cellphones, tablets, and laptop computers. These solutions let customers to rapidly and effortlessly charge their devices while on the go, ensuring that they always have access to their favourite content.
The Automotive USB Power Delivery System Market segmentation, based on type includes Combination, Type C. The type C category dominates the vehicle USB power delivery system market. This is due to the growing popularity of Type C connectors, which have several advantages over regular USB ports. These benefits include faster charging speeds, increased power delivery, and the flexibility to accommodate a wide range of devices.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Automotive USB Power Delivery System Market segmentation, based on Application, includes Head Units, Rear-Seat Entertainment, Rear-Seat Chargers. The rear-seat entertainment category is one of the market's fastest growing. This is owing to an increase in consumer demand for in-car entertainment systems, which are becoming increasingly popular. The operation of rear-seat entertainment systems, which include amenities such as television screens and audio systems, necessitates a large amount of power. USB power supply systems provide a simple and dependable solution to this problem, allowing users to charge their devices quickly and effortlessly while watching their favourite content.
The Automotive USB Power Delivery System Market segmentation, based on distribution, includes Online, Offline. The online segment dominates the market. This is due to the growing popularity of internet shopping, which has made it easier than ever for people to purchase automotive USB power supply devices from the comfort of their own homes. Many online merchants offer a diverse choice of USB power supply systems at low costs, making it simple for customers to find the products they require at a price they can afford. Furthermore, internet merchants frequently provide a larger assortment of products than traditional brick-and-mortar stores, which can be especially useful for customers looking for certain features or functionality.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Automotive USB Power Delivery System Market area will dominate this market, because of the increased presence of major semiconductor manufacturers in this region. Moreover, China’s Automotive USB Power Delivery System Market held the largest market share, and the Indian Automotive USB Power Delivery System Market was the fastest growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Automotive USB Power Delivery System Market accounts for the second-largest market share because of the increased presence of major semiconductor manufacturers such as Infineon Technologies AG, NXP Semiconductors, and STMicroelectronics, who produce USB power delivery components and modules, particularly for premium automobiles in this region. Further, the German Automotive USB Power Delivery System Market held the largest market share, and the UK Automotive USB Power Delivery System Market was the fastest growing market in the European region
The North America Automotive USB Power Delivery System Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to increasing demand for electric automobiles and the growing popularity of connected car technologies.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Automotive USB Power Delivery System Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive USB Power Delivery Systemindustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Automotive USB Power Delivery System industry to benefit clients and increase the market sector. In recent years, the Automotive USB Power Delivery System industry has offered some of the most significant advantages to medicine. Major players in the Automotive USB Power Delivery System Market, including STMicroelectronics (Switzerland), ON Semiconductor (US), Renesas Electronics Corporation (Japan), and Infineon Technologies AG (Germany) and others, are attempting to increase market demand by investing in research and development operations.
Texas Instruments Incorporated (TI) is an American technology corporation based in Dallas, Texas, that designs and manufactures semiconductors and different integrated circuits for sale to electronics designers and manufacturers worldwide. It is one among the top ten semiconductor firms in the world in terms of sales volume. The company's primary concentration is on analogue chips and embedded processors, which account for more than 80% of its revenue. TI also manufactures calculators, microcontrollers, and multi-core processors, as well as TI digital light processing technology and education technology solutions. In 2019, TPS65987D is a new USB Type-C and USB Power Delivery controller by Texas Instruments. This controller is intended to handle a wide range of applications, including automotive USB power supply systems.
STMicroelectronics N.V., sometimes known as ST or STMicro, is a Dutch multinational corporation and technological company of French-Italian ancestry located in Plan-les-Ouates, Switzerland, and listed on the French stock exchange. ST is Europe's largest semiconductor contract manufacturing and design firm. In 1987, two government-owned semiconductor companies, Thomson Semiconducteurs of France and SGS Microelettronica of Italy, merged to form the company. In 2020, The STUSB4500L is a new USB Type-C and USB Power Delivery controller from STMicroelectronics. This controller is intended for use in a variety of automobile applications, including infotainment and rear-seat entertainment systems.
May 2021,NXP Semiconductors launched the TJA1044GT, a new USB Type-C and USB Power Delivery controller. This controller is intended to handle a wide range of automotive applications, such as electric automobiles and charging stations.
August 2021,The EiceDRIVER 2EDL8 by Infineon Technologies is a new USB Type-C and USB Power Delivery controller. This controller is intended to handle a wide range of automotive applications, such as electric vehicle charging stations and battery management systems.
January 2022,Renesas Electronics Corporation unveiled the R9A02G011 USB Type-C and USB Power Delivery controller. This controller is intended to handle a wide range of automobile applications, including infotainment systems and rear-seat entertainment systems.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 0.47 Billion |
| Market Size 2024 | USD 0.559 Billion |
| Market Size 2032 | USD 2.147 Billion |
| Compound Annual Growth Rate (CAGR) | 18.30% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2023 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, Distribution and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | STMicroelectronics (Switzerland), ON Semiconductor (US), Renesas Electronics Corporation (Japan), and Infineon Technologies AG (Germany) |
| Key Market Opportunities | The commercial vehicle sector is rapidly evolving technologically. |
| Key Market Dynamics | Increased usage of technology features in automobiles |
Automotive USB Power Delivery System Market Highlights:
Frequently Asked Questions (FAQ) :
The Automotive USB Power Delivery System Market size was valued at USD 0.4 Billion in 2022.
The market is projected to grow at a CAGR of 18.30% during the forecast period, 2024-2032.
Asia Pacific had the largest share in the market
The key players in the market are STMicroelectronics (Switzerland), ON Semiconductor (US), Renesas Electronics Corporation (Japan), and Infineon Technologies AG (Germany).
The type C category dominated the market in 2022.
The Rear-Seat Entertainment had the largest share in the market.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
