Description:Global USB Power Switches market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~6% during the forecast period.
... moreGlobal USB Power Switches market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~6% during the forecast period.
Global USB Power Switches Market
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Global USB Power Switches market Definition
USB power switches are components which are used to manage the power levels for single or multiple devices on a USB interface. These switches are also used to monitor temperature, voltage and current levels and provide current limiting up to 4 Amps. These switches are also known as power management devices.
Global USB Power Switches market Dynamics
A surge in the adoption of USB power switches in automotive applications and rising need to protect USB ports from high current and voltage levels are the major driving factors behind the growth of the market. The USB power switches provide some benefits such as low loss, improved fault handling and monitoring capabilities, high efficiency power management, less design work, integrated designs, and improved system performance are making them more ideal choice for various applications. In addition, rising adoption of USB technology to enable video and data transfer and power delivery is expected to propel the growth of the market during the forecast period.
However, network connectivity issues are the major restraining factor that could hamper the growth of the market.
Global USB Power Switches Market: Segmentation Analysis
By application, the automotive segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. A rising adoption of USB power switches in automotive vehicles such as cars to enable in-car charging of tablets, phones and mobile PCs and to control power level of these devices is attributed to the growth of the market. An increasing demand of USB power switches with benefits such as low-cost and advanced features from automotive vehicle OEMs, rising requirement for extra ESD protection to protect the USB data lines and growing demand for robust automotive solutions are anticipated to expand growth of the market in the coming years.
However, electronics segment is projected to witness fast growth at a CAGR of XX% during the forecast period. Growing adoption of computers and peripherals, laptops and tablet and Smartphone is making more demand for USB power switch in electronics market, which is attributed to the growth of the market.
Global USB Power Switches Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The economies such as China, India, Japan, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the massive presence of leading USB power switch manufacturers and continuous investments by them in the development of products with advanced features to use in various industries such as consumer electronics and automotive.
Rising research and development activities by market players to gain competitive advantage in global market, well established automotive and manufacturing sectors and availability of low cost raw materials are driving the growth of the market.
The objective of the report is to present a comprehensive analysis of the Global USB Power Switches Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global USB Power Switches Market dynamics, structure by analyzing the market segments and projects the Global USB Power Switches Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global USB Power Switches Market make the report investor’s guide.
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Global USB Power Switches Market, By Type
• USB High-side Power Switch
• USB Power Distribution Switch
• USB Power Switch
• Others
Global USB Power Switches... less
