USB Device Market Overview
Global USB Device market was valued at US$ 46.00 Billion in 2023. It is estimated that the Global Market is to grow at a CAGR of 9% over the forecast period.
USB stands for universal serial bus, and it is an industry standard that specifies the cables, connectors, and communication protocols for connecting, communicating, and powering computers and other electronic devices. Earlier interfaces such as serial and parallel connections, as well as separate power charges for portable devices, were effectively supplanted by USB. Another noteworthy aspect is the wide range of transfer modes it offers, including controlled, continuous, bulk, and isochronous transfers. They allow users to connect up to 127 devices directly or via a USB hub.
USB Device Market Report Scope and Research Methodology
The growing popularity of modern vehicle entertainment and infotainment systems is pressuring automakers to provide a secure link between the vehicle’s display and the consumers’ smartphones or tablets. As a result, USB device suppliers for the automotive market are developing USB products that are interoperable with a variety of vehicle systems. Microchip Technology Inc. offers five USB 2.0 smart hub ICs in diverse designs that are simple to use and adapt to the design needs of automobile makers. Furthermore, Microchip Technology Inc. released a USB 3.1 Gen1 Smart Hub IC in February 2019 that enables quicker data rates and reduces indexing times to improve the car user experience.
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USB Device Market Regional Insights
The Asia Pacific area dominated the luxury electric car sector, accounting for more than 60% of the market share in 2022. Due to increased government focus on creating battery charging infrastructure and hydrogen fuelling stations in developing nations such as China and India, the region is likely to maintain its dominance during the projection period. For example, the Chinese government’s rising emphasis on replacing existing fleets with hydrogen fuel cell vehicles. By 2030, the goal is to have one million fuel-cell electric vehicles on the road and 1,000 hydrogen-fuelling stations. As a result, government initiatives are projected to boost market penetration of battery electric and fuel cell electric luxury models.
VUSB Device Market Segmentation
By Type, USB Device Market is segmented into USB 2.0, USB 3.0 and USB 4.0. The USB 3.0 standard is the industry leader and estimated to grow at a CAGR of 20.7%, thanks to its capacity to enable data transfer speeds of 1.25 Gbps to a maximum of 5 Gbps, which is more than 10 times faster than USB 2.0’s 480 Mbps speed. USB 3.0 allows for faster data transfer rates, improved power management, and increased maximum bus power, all of which have supplemented to the market’s success. USB 3.0 can be connected to a wide range of computers or devices, including tablets, phones, keyboards, flash drives, cameras, and so on, which is helping to promote its market growth.
USB Device Market Key Players
Corsair Memory, Inc (U.S.)
ADATA Technology Co. Ltd (Taiwan)
Hewlett Packard Company (U.S.)
Western Digital Corporation (SanDisk) (U.S.)
Kingston Technology Corporation (U.S.)
Toshiba Corporation (Japan)
Samsung Corporation (South Korea)
Micron Technology, Inc (U.S.)
Verbatim Americas LLC (U.S.)
Imation Corporation (U.S.)
Transcend Information, Inc (Taiwan)
Teclast Electronics Co. Ltd. (China)
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Key questions answered in the USB Device Market are:
- What is USB Device?
- What was the USB Device market size in 2023?
- What is the growth rate of the USB Device Market?
- Which are the factors expected to drive the USB Device market growth?
- What are the different segments of the USB Device Market?
- What growth strategies are the players considering to increase their presence in USB Device?
- What are the upcoming industry applications and trends for the USB Device Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the USB Device Market?
- What segments are covered in the USB Device Market?
- Who are the leading companies and what are their portfolios in USB Device Market?
- What segments are covered in the USB Device Market?
- Who are the key players in the USB Device market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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