ID: MRFR/SEM/7199-HCR | February 2021 | Region: Global | 111 pages
Global 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%.
Universal serial bus (USB) is an industry-standard that states specification for cables and connectors to establish a connection, communicate, and supply power between computers, peripheral devices, and other computers. USB allows users to connect up to 127 devices, either directly or through a USB hub. A USB device functions by host or data source to send a class code, which further allows the device to select specific drivers compatible with it, and thus initiates the process of transfer. The adoption of USB devices is largely witnessed in consumer electronics, IT & telecom devices, automobiles, and medical devices. Ease of development and manufacturing of custom products and increasing demand for better connectivity performance between electronic devices are the major factors attributing to the growth of the global USB devices market. However, security issues are expected to hamper the growth of the global market. Also, the complexity associated with the replacement of old USB standards with new ones is creating a challenge for the market vendors.
The Global USB Devices Market has been segmented on the basis of Type, Product, Connector Type, Application, and Region.
By Type, the Global USB Devices Market has been segmented into USB 1.0, USB 2.0, USB 3.0, and others.
Based on product, the global USB devices market has been segmented into webcams, USB, flash drives, memory card readers, digital audio players, computer peripherals, scanners & printers, others.
On the basis of connector type, the global USB devices market has been segmented into type A, type B, type C, and lightning connector.
Based on application, the global USB devices market has been segmented into consumer electronics, IT & telecommunication, automotive, healthcare & medical devices, others.
By region, the global USB devices market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America.
The Global Market for USB Devices is estimated to grow at a significant rate during the forecast period from 2019 to 2025. The geographic analysis of the USB devices market has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. As per MRFR analysis, North America dominated the global USB devices market. The region has witnessed a strong presence of automotive, consumer electronics, and manufacturing companies. This has increased the demand for USB devices for use in various consumer electronic applications. On the other hand, the Asia-Pacific region is expected to witness the fastest growth in the production of USB devices during the forecast period. Increasing adoption of consumer electronics and growing IT & telecom industry in the region leading to the continuous growth of the USB device market. Additionally, mature markets such as China, Japan, India, and South Korea has attributed to the growth of the global USB devices market.
Global USB Devices Market, USD Billion
Source: MRFR Analysis
The companies in the global USB devices market are primarily focused on improving their portfolio of USB devices to stay competitive in the market. To accomplish this, these companies have invested a significant share of their revenues in research & development. Growing demand for high data transfer rate has encouraged manufacturers to develop USB devices. Also, growing demand from the automotive sector has encouraged the manufacturers to research new technology in the market and therefore, stay abreast in the market. As a part of their market development strategy, the companies also focus on inorganic growth approaches such as acquisitions, partnerships, joint ventures, and collaborations to expand their geographic presence and gain a competitive advantage in the global USB devices market.
MRFR has identified a few companies as prominent players in the Global USB Devices Market. These include 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), and Koninklijke Philips N.V. (Netherlands). These companies are analyzed on the basis of their geographic presence, origin, product portfolio, key developments, and expertise in USB device manufacturing and technology.
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.