USB Devices Market Research Report - Global Forecast till 2027

USB Devices Market Research Report: By Type (USB 1.0, USB 2.0, USB 3.0, Others), By Product (Webcam, USB Flash Drives, Memory Card Readers, Digital Audio Players, Computer Peripherals, Scanners & Printers, Others), By Connector Type (Type A, Type B, Type C, Lightning Connector), Medium (20A–50A), High (50A & Above)), By Application (Industrial Automation, Building Equipment, Industrial OEM, Energy & Infrastructure, Automotive & Transportation, Medical Devices, Food & Beverages, Others), By Region (North America, Europe, Asia-Pacific, Middle East & Africa, Central & South America) - Forecast till 2027

ID: MRFR/SEM/7199-HCR | February 2021 | Region: Global | 111 pages

USB Devices Market Overview:
According to the latest research report, the USB Devices Market size was valued at USD 19.00 Billion in 2018 and is expected to reach USD 46.08 Billion by the end of the forecast period with a compound annual growth rate (CAGR) of 13.9%. USB, which is an abbreviation for Universal Serial Bus, has essentially superseded a number of earlier interfaces, including serial and parallel connections, as well as independent chargers for portable electronic devices. The fact that it supports a wide range of transfer modes, including regulated, continual, huge, and isochronous transmissions, is another noteworthy characteristic of it.

The Universal Serial Bus (USB) is an industry-standard that specifies the specifications for wiring that are used to connect, interact, and utility grid among computer systems, passive components, and other computer systems. The USB standard was developed by the International Organization for Standardization (ISO). USB enables users to connect up to 127 devices, either directly or via a USB hub, allowing them to expand their computing capabilities. It is possible for a USB device to operate by sending a class code to a host or a data source, which further enables the device to choose particular drivers that are compatible with it and so starts the transfer. Consumer electronics, information technology, and telecommunications devices, vehicles, and medical devices have all seen a significant increase in the use of USB devices


This report contains all the information on the global USB Devices Market analysis strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global USB Devices Market forecast for 2025 is also included in the report.


USB Devices Market Covid 19 Analysis:
Since the emergence of the COVID-19 pandemic in December of this year, the USB devices industry has seen a significant decline in sales in recent times. As a consequence of the epidemic, many nations have implemented lockdowns and closed their companies save for those providing vital products and services (allowed with a minimal workforce). In recent years, the desire for cloud storage among customers has led to a decrease in the quantity of USB devices. The Universal Serial Bus (USB) is an industry-standard that specifies specifications for cables and connectors that are used to connect, interact, and utility grid between computer systems, passive components, as well as other computers


USB Devices Market Dynamic:
Drivers:
Consumer gadgets such as cellphones and laptops are becoming more popular in both developed and developing nations, and this can be ascribed mostly to increasing disposable incomes, an expanding population, and increased Internet penetration. The continuous and substantial technical advancements have resulted in an increase in the prevalence of these gadgets in a number of different economies. As a result of the increasing supply for consumer electronics and data transmission product lines, the global USB devices market players are placing a high emphasis on the introduction of new products in order to achieve sustainable growth and differentiate themselves from their competitors, thereby contributing to the market's expansion.

Opportunities:
Several recent advances in this USB device market, as well as the emergence of new Asian economies, are creating new possibilities for industry players and producers. Furthermore, the introduction of the USB 3.1 standard, as well as the already need for wireless USB devices in the automotive sector, are anticipated to fuel the market's growth in the coming years.


Restraints:
The market is being stymied by security concerns and challenges in replacing outdated USB standards with newer ones

Challenges:

Manufacturers are facing increasing difficulties as a result of the rising complexity associated with the replacement of outdated USB standards with new ones.

Cumulative Growth Analysis:
The USB device has simply replaced a number of earlier interfaces, including serial ports, as well as independent charges for portable electronic devices, with great success. The Universal Serial Bus (USB) Devices Market has grown significantly in recent years as a result of the many uses of this technology, its simplicity of development, and the ability to produce customized goods on a large scale. Additionally, the desire for improved connection efficiency between digital equipment and sophisticated peripherals leads to a rise in the sales of USB-connected products. The European Union is the leader in the worldwide market for these gadgets.


Value Chain Analysis:
According to the reports, the Global USB Devices Market has been divided on the basis of Type, Product, Connector Type, Application, and Region. Type is the most important category, followed by Product and Connector Type. USB 1.0, USB 2.0, USB 3.0, and others are the many types of USB devices available on the market today. The worldwide USB devices market share has been divided into the following product categories: webcams, USB, flash drives, memory card readers, digital audio players, computer peripherals, scanners & printers, and others. The worldwide USB devices market has been divided into four types of connectors: type A, type B, type C, and lightning connection. Kind A connectors are the most common type of connector, followed by type B connectors and type C connectors.


USB Devices Market Segmentation Overvie:
The market is segmented on the basis of the kind of h Type, Product, Connector Type, Application, and Region. The global USB Devices Market is expected to witness decent growth during the forecast period.


By Application:
Based on the application, the market is segmented into consumer electronics, information technology and telecommunications, automotive, health and medical devices, and others.


By end-users:
Based on the propulsion types, the market is segmented into webcams, USB, flash drives, memory card readers, digital audio players, computer peripherals, scanners & printers, and others.


USB Devices Market Regional Analysis:
The Global Market for USB Devices is expected to expand at a considerable pace during the projected period of 2019 to 2025, according to industry analysts. The geographical study of the USB equipment market has been carried out for the following regions: North America, Europe, Asia-Pacific, the Middle East, and Africa, and Central and South America.. According to MRFR's research, North America led the worldwide market for Universal Serial Bus Devices Market. The area has seen a significant increase in the number of automotive, consumer electronics, and industrial corporations. Thus, there is a greater demand for USB devices, which are used in a variety of consumer electronic applications. The Asia-Pacific area, on the other hand, is projected to see the fastest increase in the manufacturing of USB devices over the projection period. The increasing use of consumer electronics in the area, as well as the expansion of the IT and telecommunications industries, has resulted in the continued development of the USB device market. Aside from that, the development of mature markets such as China, Japan, India, and South Korea has contributed to the expansion of the worldwide USB devices market.


USB Devices Market Competitive Landscape:
The businesses operating in the worldwide USB market are mainly concerned with expanding their product portfolios in order to remain competitive in the marketplace. In order to do this, many corporations have allocated a substantial portion of their profits to research and development. Manufacturers have been pushed to create USB devices in response to the growing need for fast data transmission rates.


Major Key Players:


  • Corsair Memory, Inc. (US)

  • ADATA Technology Co., Ltd (Taiwan)

  • SanDisk Corporation (US)

  • Kingston Technology Corporation (US)

  • Toshiba Corporation (Japan)

  • Samsung Corporation (South Korea)

  • Micron Consumer Products Group Inc. (US)

  • Verbatim Americas LLC. (Japan)

  • Imation Corporation (US)

  • Transcend Information Inc.(Taiwan)

  • Teclast Electronics Co., Ltd.(China)

  • Netac Technology Co., Ltd.(China)

  • Intel Corporation(US)

  • Koninklijke Philips N.V. (Netherlands)


Report Overview:
The following report comprises of:


  • Market overview

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview

  • By Application

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Developments:
In September of this year, CORSAIR launched the industry-leading 4,866MHz Vengeance LPX DDR4 Memory, which is utilised in computer peripherals such as 3rd Generation AMD Ryzen desktop CPUs and X570 motherboards, among others. This new module has been specially developed and thoroughly tested to reach its record-breaking highest frequency of 4,866MHz on the Ryzen 3000 platform in the ASUS ROG Crosshair VIII Formula, which is a first for the company.


The global USB Devices market has been segmented as follows:
USB Devices Market – by Device Standard type



  • USB 2.0

  • USB 3.0

  • USB 4.0


USB Devices Market – by Product



  • Webcams

  • Flash Drives

  • Memory Card Reader

  • Digital Audio Player

  • Computer Peripherals

  • Others


USB Devices Market – by Connector Type



  • Type A

  • Type B

  • Type C

  • Lightning


USB Devices Market – by Applications



  • Consumer Electronics

  • IT and Telecommunications

  • Automotive

  • Healthcare and Medical Devices

  • Others


USB Devices Market – By Region


North America


  • US

  • Canada

  • Mexico


Europe:


  • France

  • Germany

  • Italy

  • UK

  • Russia

  • Rest of Europe


Asia Pacific (APAC):


  • China

  • India

  • South Korea

  • Japan

  • Australia

  • Rest of APAC


Middle East & Africa (MEA):


  • South Africa

  • Saudi Arabia

  • UAE

  • Rest of MEA


South America (SAM):


  • Brazil

  • Argentina

  • Rest of SAM



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Frequently Asked Questions (FAQ) :


At 13.9% CAGR, the USB devices market can value at USD 46.08 Bn by 2025.

Corsair Memory, Inc. (US), SanDisk Corporation (US), and ADATA Technology Co., Ltd (Taiwan) are some major players of the USB devices market.

In 2018, the USB devices market valued at USD 19.00 Bn.

Type B, type A, type C, and lightning connector, are types of connector used by USB devices.

USB, webcams, memory card readers, and flash drives are USB devices products.