Global Automotive USB-C Market TOC
Automotive USB-C Market size was valued at USD 39.79 Million in 2023 and is projected to reach USD 1.45 Billion by the end of 2036, expanding at around 31.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of automotive usb-c is assessed at USD 51.21 Million. The major factor to influence the growth of the market is the growing demand for electric vehicles. The worldwide sales of electric vehicles crossed over 9 million in 2022, and this year's sales are predicted to surge by another about 34% to 14 million. Hence, the demand for automotive USB-C is projected to grow.
Moreover, a robust network of charging stations needs to be established for fleets and individual customers to accommodate the increasing number of EVs in use. As a result, great investments and various schemes have been launched has been made by the governments of various nations for the development of various changing centers for EVs. Hence, the automotive USB-C market revenue is set to rise.
Author Credits: Saima Khursheed
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