Market Insights

USB power switches are employed to charge electronic devices. These are also called power management devices. Electronic devices can easily be charged on electronic USB ports on multiple devices such as computers and docking stations. USB power switches help to keep tabs on the device current.

The rising usage of USB power switches in the automotive sector is a key factor boosting product demand. These switches mainly come with the AECQ-100 specification, which implies that they are qualified for use in automotive applications. Also, these switches help in maintaining automotive applications while limiting the over-loaded current, which helps in circuit protection during short-circuiting, which further augments the market growth during the review period.

The COVID-19 outbreak has moderately affected the USB Power Switches industry. This is mainly due to soaring coronavirus cases, implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. Owing to the worsening pandemic situation, the market dynamics have changed to a great extent. The nations’ lockdown and other government restrictions are affecting the economies over the globe.

Key Players

Key players operating in the USB power switches market are-

• Texas Instruments Incorporated (US)
• Maxim Integrated (US)
• Diodes Incorporated (US)
• Microchip Technology Inc. (US)
• NXP Semiconductors (Netherlands)
• TE Connectivity (Switzerland)
• STMicroelectronics (Switzerland)
• Richtek Technology Corporation (Taiwan)
• RICOH Electronic Devices Co., Ltd. (Japan)
• ROHM CO., LTD. (Japan).

Segments' Analysis

Number of Switches Insights

"The household segment accounted for the largest market share."

Based on the number of switches, the USB power switches market is categorized into one, two, and three. The household segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. Rapid industrialization, mainly in developing countries, and the growing demand for power & electricity from the residential sectors spur market growth. Furthermore, a rise in the adoption of USB power with 3 switches to support USB 2.0 and 3.0 standards and to protect from continuous load current, further bolsters the segment growth.

Regional Trends

"Asia Pacific accounted for the largest market share."

By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to the strong presence of consumer electronics and semiconductor companies in South Korea, China, Taiwan, and Japan. Also, several manufacturers of USB power switches are constantly investing in the development of technologically advanced products to be used in several industry verticals, which further proliferates regional market growth.

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