ReportsnReports.com adds Global AC and DC Adapter Market 2016-2020 latest research report, analysts forecast global AC and DC adapters market to grow at a CAGR of 2.09% during the period 2016-2020. Although these mobile devices are developed with increased operational efficiency, battery chargers play a key role. This increases the need to charge devices frequently. However, problems such as lack of power sockets and compatibility issues of charger pins with other mobile devices make charging with conventional chargers difficult. The deployment of a common platform for charging devices in public places has become popular. Many public places such as railway stations, airports, and shopping malls have charging platforms. This leads to growth in the AC and DC adapters market.
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According to the AC and DC Adapter market report, the growing popularity of mobile devices such as smartphones, tablets, and smartwatches is one of the major drivers contributing to the growth in the global AC and DC adapters market. Mobile technology enables people to access the internet, which has made access to data, business information, and email easy for users at any time and any location. Power-intensive applications in mobile devices such as smartphones and tablets consume a great amount of power, thus requiring effective battery backup. Therefore, the demand for efficient battery chargers is increasing, leading to growth in the AC and DC adapters market.
Segmentation by application and analysis of the AC and DC adapters market
- Feature phone
- Portable gaming device
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.
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The AC and DC adapters market in the Americas was the largest among all the geographical segments in 2015 and accounted for close to 44% of the total market share. In the US and Canada, factors such as digitalization of education, online retail, and social networking have increased the demand for smartphones, tablets, and laptops. This rise in the demand for smartphones, tablets, and laptops will in turn spur the demand for adapters over the next four years.
The global AC and DC adapters 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.
Key players in the Global AC and DC Adapters Market: Anoma, Belkin, Delta Electronics, Dialog Semiconductor, Flextronics, Jeckson Electronics, Lester Electrical, Minwa Electronics, Panasonic and Salcomp.
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