Navigating US USB Charger Market Trends: USD 10.88 BILLION IN 2023 and Boasting a CAGR of 7.2% Projections by 2030

US USB Charger Market Research Report: Forecast (2024-2030)

The US USB Charger Market size is valued at around USD 10.88 billion in 2023 and is estimated to grow at a CAGR of about 7.2% during the forecast period, i.e., 2024-30. The market is experiencing significant growth, driven by the widespread availability & functionality of smartphones, along with the rising demand for fast charging. The industry’s expansion can be attributed to the growing popularity of wireless charging, rapid charging, multi-port chargers, and environmentally friendly charging solutions.

As smartphones and other portable electronic devices become more ubiquitous, the demand for charging devices is on the rise. Furthermore, the introduction of superfast charging technology has enabled devices to charge much faster, catering to the needs of individuals who are constantly on the go.

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Market Dynamics

The US USB Charger Market Driver: Smartphone Proliferation to Influence the Soaring Demand for USB Chargers in the United States

The proliferation of smartphones and portable devices has had a profound impact on the US USB Charger Market. In recent years, there has been a remarkable surge in the usage of smartphones, tablets, smartwatches, and various other portable electronic devices across the United States. For instance, according to the GSMA report of North America 2022, around 85% of the total US population is using smartphones. This surge is indicative of a rapidly evolving digital landscape, where these devices have become indispensable in daily life for communication, entertainment, productivity, and more. As a result, the demand for USB chargers has experienced a considerable upswing.

Consumers require efficient and versatile charging solutions to keep their devices powered up and ready for use, contributing to the US USB charger Markets. Additionally, the ongoing development of fast-changing technologies and eco-friendly charging options aligns with evolving consumer preferences, further underscoring the market’s potential for sustained growth in the coming years.

Leading Companies in US USB Charger Market:

Samsung, Eaton, myCharge, Belkin, Apple Inc., AT & T Intellectual Property, Goal Zero, Mirzo International Inc., J5 Create, Native Union, Others

The US USB Charger Industry Recent Development:

• 2023: Belkin introduces innovative qi2 chargers, high-powered USB-C solutions, across its power, audio and connectivity categories.
• 2023: Apple Inc. introduces new AirPods Pro (2nd generation) with USB?C charging capabilities. To use a single cable to charge Mac, iPad, AirPods, and the iPhone 15 lineup.

Segmentation of the Industry

The US USB Charger Market is highly fragmented and bifurcates into the following segmentations:

By Product

-USB A

-USB B

-USB C

–With Power Delivery

–Without Power Delivery

• USB C captures the highest share of the US USB Charger Market.

By Charger Type

-Wall Charger

-Portable Power Banks/Docking System/Alarm Clock

-Car Charger

By Port Type

-One

-Two

-Others (Three, Four, etc.)

By Power

-Up to 30W

-31W – 45W

-46W – 60W

-61W – 75 W

-Above 75W

By Application

-Smartphone

-Laptop

-Tablet

-Desktop

-Others (Camera, Speaker, etc.)

By Multiport

-Multi-Port with Fixed Power

-Multi-Port with Fluctuation Power

-Same Port with Fluctuation Power

-Different Port with Fluctuation Power

By Distribution Channel

-Online

-Offline

–Organized

–Unorganized

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Regional Landscape

On the geographical front, the US USB Charger Market expands across the following:

By Region

-Northeast

-South

-Midwest

-West

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