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The AC and DC adapters market size is forecast to increase by USD 3.40 billion, at a CAGR of 4.09% between 2023 and 2028. The market's growth trajectory is influenced by several pivotal factors. Firstly, there's a notable surge in the adoption of premium smartphones across emerging economies, driven by rising disposable incomes and a growing tech-savvy population. Moreover, the emergence of hybrid smartwatches and the increasing demand for smartwatches are reshaping the market landscape, fueled by consumers' desire for multifunctional wearable devices that blend style with advanced features. Additionally, there's a growing demand for laptops and tablets in educational institutions, propelled by the transition towards digital learning environments and the need for remote education solutions. These trends underscore the evolving consumer preferences and technological advancements driving the expansion of the AC and DC power adapters market, positioning it for continued growth in the foreseeable future. Our report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.
Furthermore, in recent years, the consumer electronics sector in APAC has changed dramatically due to advances and the emergence of various new technologies. Moreover, countries such as India and China contribute significantly to the regional sales of consumer electronics. The demand for devices such as smartphones, laptops, and smartwatches, among others, is expected to increase during the forecast period as Internet penetration increases in these countries. Additionally, Belkin International Inc. company offers AC and DC adapters such as USB C adapters for Mac, PC laptops, and Chromebook. Also, Chicony Power Technology Co. Ltd company offers AC and DC adapters such as NB 45W OTS, Networking 48W Custom, Consumer 180W Custom, and Smart home 33W Custom.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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