This market research report presents a detailed segmentation of the global AC and DC adapters market by application (smartphone, laptop, feature phone, tablet, DSC, portable gaming device, and smartwatch) and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are Anoma, Belkin, Delta Electronics, Dialog Semiconductor, Flextronics, Jeckson Electronics, Lester Electrical, Minwa Electronics, Panasonic, and Salcomp.
Technavio has released a new market research report on the global AC and DC adapter market, which is expected to grow at a CAGR of 2% between 2016 and 2020. The growing popularity and use of mobile devices like tablets, smartwatches, and smartphones is a major contributor to the growth of the global AC and DC adapters market. Since many of the applications on these devices consume a lot of power, the demand for efficient batteries and chargers is increasing. This increase in the demand for mobile chargers will aid in the growth of the global AC and DC adapters market during the estimated period. The Americas is the leading region in the global AC and DC adapters market, accounting for 44% of eth total market share. Digitalization of education, online retail, and social networking have increased the demand for smartphones, tablets, and laptops in the region, thereby spurring the demand for adapters over the next four years.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
”The market is expected to witness the rising popularity of universal power adapters during the forecast period. These adapters can be used with devices like laptops, smartphones, or tablets by changing the voltage and current settings. These adapters are highly useful when an individual is traveling to another place where the power supply must be converted to make it compatible with the device. Since universal adapters have multiple plugs that match the sockets used in most countries, its rising demand during the forecast period will lead to the growth of the global AC and DC adapters market,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research
The smartphone segment is the largest in the global AC and DC adapters market and is expected to be the market leader with close to 50% of market share by the end of 2020. Much of this segment’s growth can be attributed to the rising adoption of smartphones, which in turn will necessitate the utilization of adapters to charge such devices. Rising disposable income and growing internet usage are the two factors impelling the demand for smartphones in emerging countries.
The leading vendors in the global AC and DC adapter market are Anoma, Belkin, Delta Electronics, Dialog Semiconductor, Flextronics, Jeckson Electronics, Lester Electrical, Minwa Electronics, Panasonic, and Salcomp. This market has a number of well-established players who are adopting new technologies to gain an edge over their competitors. The market is also fragmented with the presence of many large and small vendors. Since entry barriers are high, the possibility of new players entering into this market is low. Existing providers are establishing relationships with customers to ensure their market share.
A more detailed analysis is available in the Technavio report, Global AC and DC Adapter Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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