Research Nester published a report titled “Automotive USB-C Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalautomotive USB-C market in terms of market segmentation by distribution channel, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global automotive USB-C market is estimated to occupy a sizeable revenue by recording a CAGR of ~16% during the forecast period, i.e., 2022 – 2030, attributing to the increasing technological developments in automotive infotainment systems and growing shipments of USB-C cables across the globe. Apart from these, rising consumer preference to use automobiles well-equipped with developed in-car features is also expected to provide growth opportunities to the market in the upcoming years.
The market is segmented by distribution channel and application. Based on application, the smartphones segment is anticipated to grab the largest market share during the forecast period on the back of the escalating adoption of USB-C by smartphones and tablets. Additionally, the rear-seat entertainment segment is projected to occupy a significant share in the market ascribing to the growing investments from major display manufacturers for developing image-driven applications from automotive.
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Geographically, the global automotive USB-C market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific region is evaluated to witness noteworthy growth in the market during the forecast period attributing to the robust growth of consumer electronics and automotive industries in China and Japan, and rise in penetration of smartphones in the region.
The research is global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Rising Technological Advancements in Automotive Infotainment Systems to Drive Market Growth
Over the last few years, drivers and passengers across the world are raising the demand for automotive infotainment systems that provide radio and media streaming, phone connectivity for calls, and several audio and entertainment functions. This in turn is considered to be a crucial factor projected to drive market growth in the near future.
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However, stringent regulations associated with e-waste in developing countries is expected to operate as key restraint to the growth of the global automotive USB-C market over the forecast period.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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