Global USB Devices Market Overview:
USB Devices Market Size was valued at USD 27.9 Billion in 2022. The USB devices market industry is projected to grow from USD 31.27 Billion in 2023 to USD 77.992 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.10% during the forecast period (2023 - 2032). The need for computer hardware, wireless technology, and small storage devices is rising globally, which is a major market driver for USB devices. Furthermore, significant technological developments and the emergence of the IoT have made it possible to produce USB devices more effectively, offering quicker data transmission rates and greater storage capacity.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
USB Devices Market Trends
The rising demand for small storage devices is one of the main drivers boosting the USB device industry. Due to the growing need for data storage among individual consumers and organizations, the industry is seeing an increase in demand for storage devices with large capacities and compact sizes. Furthermore, USB devices are trustworthy since they can withstand 200Gs of shock, store data for extended periods, and undergo several programming cycles. The need for USB devices is growing as a result. In handheld devices like feature phones, smartphones, tablets, cameras, and camcorders, USB devices typically provide additional storage. These devices need small, high-capacity components since they are becoming more elegant and fashionable. Thus, the large storage capacity and small size of USB devices serve a purpose and will advance the market CAGR.
Furthermore, cell phone use throughout all age groups has fueled the global expansion of the consumer electronics sector. Frequently referred to as USB keys or USB sticks, devices that use the Universal Serial Bus (USB) have a USB-integrated interface and can store data on flash memory. USB devices can connect various computer peripherals, including webcams, flash drives, memory card readers, digital music players, and more. The market for USB devices is expanding, and they are compatible with a wide range of devices, including smart TVs, tablets, smartphones, and computer and digital cameras. A significant range of emerging technologies also contributes to one of the quickest growth rates of consumer electronics. The most common way for end devices, such as laptops, mobile phones, PCs, and digital cameras, to exchange data is through USB devices. Due to the rising demand for consumer electronics and data transfer technologies, manufacturers of USB devices around the world are working extremely hard to develop new products. Therefore, it is anticipated that rising consumer electronics demand will be the main driver propelling the expansion of the worldwide USB device market.
Another factor promoting the rise of the market share for USB devices is the rising demand for high-capacity solutions. By 2025, there will likely be three times as many linked things as there are now due to rising Internet usage globally. Data transactions will expand as a result, driving up the demand for storage devices with large capacities. Producers of USB devices are creating models with large storage capabilities comparable to HDD and USB flash drives. Due to the growing popularity of social networking services like Facebook, Instagram, and WhatsApp, which use up a lot of space, vendors now offer USB devices with enormous storage capacities since young consumers prefer them. Thus, driving the USB devices market revenue.
USB Devices Market Segment Insights:
USB Devices Product Insights
The USB Devices Market segmentation, based on product includes webcam, USB flash drives, memory card readers, digital audio players, computer peripherals, scanners & printers and others. The computer peripherals segment dominated the market. Any external device that offers input and output to the computer is considered a computer peripheral. Any supplemental hardware, such as computer mouse or keyboard, that connects to and works with a computer is a peripheral device. A PC's peripheral devices are connected using the serial bus standard known as USB.
USB Devices Type Insights
The USB Devices Market segmentation, based on type, includes USB 1.0, USB 2.0, USB 3.0 and others. The USB 3.0 category generated the most income. The SuperSpeed USB is another name for USB 3.0. A maximum data transfer rate of 5 gigabits per second is supported by USB 3.0 ports, which include nine pins, greater full bus power, improved power management, and new connections and cables that enable faster transfer rates and more capacity. Additionally, USB 3.0 allowed for simultaneous data transmission in both ways, allowing for simultaneous downloads and uploads.
Figure 1: USB Devices Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
USB Devices Connector Type Insights
The USB Devices Market segmentation, based on connector type, includes type A, type B, type C and lightning connector. The type A category generated the most income. The rectangular, flat USB Type-A connectors are also referred to as Standard-A connectors. A variety of hosts, such as gaming consoles, media players, and desktop and laptop computers, typically had standard Type-A connectors. Although peripheral devices occasionally use the USB A connection as an upstream connector, it is most frequently employed on computer host controllers and hubs.
USB Devices Application Insights
The USB Devices Market segmentation, based on application, includes consumer electronics, IT & telecommunication, automotive, healthcare & medical devices and others. The consumer electronics category generated the most income. The connections, cables, and adaptors for USB Type-C are used in the creation of consumer electronics applications. They are connected to USB devices so that users can watch movies, listen to music, or even read books on those storage devices. Devices and hosts can be linked together using the USB Type-C connector. Its reversible plug position and cable direction mean that it does not matter which side of the connector or end of the cable is inserted into the device.
USB Devices Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American USB devices market area will dominate this market because more and more people demand improved connections between their electronic devices. The widespread acceptance of these standards can be credited with the significant penetration of this technology in North America. The serial, parallel, and gaming ports, as well as other connectors, all had compatibility problems that USB addressed.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: USB Devices Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe USB devices market accounts for the second-largest market share. There is a big demand for USB device security and data storage solutions in the European market for USB devices. An enormous amount of data has been produced in the area as a result of the IT sector's rapid growth. Due to their versatility and ease of use, USB devices like printers, scanners, flash drives, hard drives, and networking equipment have recently become more popular. Further, the German USB devices market held the largest market share, and the UK USB devices market was the fastest growing market in the European region
The Asia-Pacific USB devices Market is expected to grow at the fastest CAGR from 2023 to 2032. Some key variables that foresee the rise in USB Devices are the rising number of smartphone users, technological advancements in mobile devices, and advanced network connectivity in the area. Additionally, the major US and UK-based manufacturers of USB devices are growing their operations in the Asia-Pacific region. The reasons in the developing nations of the Asia-Pacific region also include rising digital platforms and government attempts to promote digitization. Moreover, China’s USB devices market held the largest market share, and the Indian USB devices market was the fastest growing market in the Asia-Pacific region.
USB Devices Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the USB devices market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, USB devices industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global USB devices industry to benefit clients and increase the market sector. In recent years, the USB devices industry has offered some of the most significant advantages to market. Major players in the USB devices market attempting to increase market demand by investing in research and development operations include Corsair Memory Inc. (US), Adata Technology Co. Ltd. (Taiwan), Sandisk Corporation (US), Kingston Technology Corporation (US), Toshiba Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Micron Consumer Products Group Inc. (US), Verbatim Americas LLC (US), Transcend Information Inc. (Taiwan), Intel Corporation (US), HP Inc. (US), Imation Corporation (Ojin Corporation) (US), Koninklijke Philips N.V. (Netherlands), Netac Technology Co Ltd. (China) and Teclast Electronics Co. Ltd. (China).
SanDisk is a Western Digital brand for flash memory goods, such as memory cards and readers, USB flash drives, solid-state drives, and digital music players. In 2016, Western Digital bought the original business, SanDisk Corporation. SanDisk LLC creates, develops, and produces data storage products. SanDisk serves customers in the US.
Intel Corp creates technological components and products. Microprocessors, chipsets, embedded processors, microcontrollers, flash memory, graphic, network, and conferencing solutions are all included in the company's product line. Additionally, it provides motherboards, SSDs, servers, wireless connection equipment, software, and applications. Original equipment manufacturers, producers of industrial and communication equipment, and producers of original designs are the customers of Intel.
Key Companies in the USB devices market include
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Corsair Memory Inc. (US)
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Adata Technology Co. Ltd. (Taiwan)
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Sandisk Corporation (US)
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Kingston Technology Corporation (US)
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Toshiba Corporation (Japan)
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Samsung Electronics Co. Ltd. (South Korea)
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Micron Consumer Products Group Inc. (US)
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Verbatim Americas LLC (US)
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Transcend Information Inc. (Taiwan)
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Intel Corporation (US)
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HP Inc. (US)
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Imation Corporation (Ojin Corporation) (US)
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Koninklijke Philips N.V. (Netherlands)
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Netac Technology Co Ltd. (China)
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Teclast Electronics Co. Ltd. (China)
USB Devices Industry Developments
January 2023: The US-based secure data storage company Kanguru recently announced the addition of a cutting-edge and commercially successful USBtoCloud portable software tool by ClevX 2 its Defender product line of hardware-encrypted USB drives, which is the industry standard.
December 2022: India joined the EU in requiring USB-C ports for smartphones, yet Americans are still forced to use three distinct ports and cables.
August 2021: Kingston Digital provided new DataTraveler Max USB drive launch information. According to the manufacturer, the USB-C 3.2 flash drive is expected to achieve record-breaking data transmission speeds of up to 1,000 MB/s read and 900 MB/s write, making it one of the best USB drives models on the market. The high-speed DataTraveler Max uses USB 3.2 Gen 2 to provide speeds that are roughly twice as fast as Gen 1.
USB Devices Market Segmentation:
USB Devices Product Outlook (USD Billion, 2018-2032)
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Webcam
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USB Flash Drives
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Memory Card Readers
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Digital Audio Players
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Computer Peripherals
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Scanners & Printers
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Others
USB Devices Type Outlook (USD Billion, 2018-2032)
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USB 1.0
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USB 2.0
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USB 3.0
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Others
USB Devices Connector Type Outlook (USD Billion, 2018-2032)
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Type A
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Type B
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Type C
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Lightning Connector
USB Devices Application Outlook (USD Billion, 2018-2032)
USB Devices Regional Outlook (USD Billion, 2018-2032)
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Middle East
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Africa
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Latin America
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Report Attribute/Metric
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Details
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Market Size 2022
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USD 27.9 Billion
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Market Size 2023
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USD 31.27 Billion
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Market Size 2032
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USD 77.992 Billion
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Compound Annual Growth Rate (CAGR)
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12.10% (2023-2032)
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Base Year
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2022
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Market Forecast Period
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2023-2032
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Historical Data
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2018- 2022
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Market Forecast Units
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Value (USD Billion)
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Report Coverage
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Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
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Segments Covered
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Product, Type, Connector Type, Application and Region
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Geographies Covered
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North America, Europe, Asia Pacific, and the Rest of the World
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Countries Covered
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The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
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Key Companies Profiled
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Corsair Memory Inc. (US), Adata Technology Co. Ltd. (Taiwan), Sandisk Corporation (US), Kingston Technology Corporation (US), Toshiba Corporation (Japan), Samsung Electronics Co. Ltd.(South Korea), Micron Consumer Products Group Inc. (US), Verbatim Americas LLC (US), Transcend Information Inc. (Taiwan), Intel Corporation (US), HP Inc. (US), Imation Corporation (Ojin Corporation) (US), Koninklijke Philips N.V. (Netherlands), Netac Technology Co Ltd. (China) and Teclast Electronics Co. Ltd. (China)
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Key Market Opportunities
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Increasing demand for better connectivity between electronic devices
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Key Market Dynamics
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Growing demand for usb products in automotive entertainment and infotainment systems
Rising demand for consumer electronics
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USB Devices Market Highlights:
Frequently Asked Questions (FAQ) :
The USB Devices Market size was valued at USD 27.9 Billion in 2022.
The global market is projected to grow at a CAGR of 12.10% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Corsair Memory Inc. (US), Adata Technology Co. Ltd. (Taiwan), Sandisk Corporation (US), Kingston Technology Corporation (US), Toshiba Corporation (Japan), Samsung Electronics Co. Ltd.(South Korea), Micron Consumer Products Group Inc. (US), Verbatim Americas LLC (US), Transcend Information Inc. (Taiwan), Intel Corporation (US), HP Inc. (US), Imation Corporation (Ojin Corporation) (US), Koninklijke Philips N.V. (Netherlands), Netac Technology Co Ltd. (China) and Teclast Electronics Co. Ltd. (China).
The USB 3.0 category dominated the market in 2022.
The consumer electronics had the largest share in the global market.
