The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on USB Devices Market. The growth sectors of the USB Devices Market are identified with precision for a better growth perspective.
USB devices have seen a tremendous adoption and ownership in past decade due to their accessibility and faster data rate compatibility. According to Market Research Future, 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, Others. Among these, the USB 3.0 segment is estimated to witness the highest growth during the forecast period. This type of USB offers a transfer rate of 4.8 Gbps which is 10 times faster than USB 2.0. Hence, it is highly adopted across several regions and countries.
Based on product, the global USB devices market has been segmented into webcam, USB flash drives, memory card readers, digital audio players, computer peripherals, scanners & printers, and others. Among the above-mentioned segments, the computer peripherals segment is estimated to grow at the fastest rate during the forecast period 2019–2025. One of the major reasons contributing to the growth of this segment is the use of USB for data transfer and plug-n-play operation.
On the basis of connector type, the global USB devices market has been segmented into type A, type B, type C, and lightning connector. Among these segments, the market for type C USB devices is estimated to grow at the fastest rate during the forecast period. The demand for type C based USB devices is increasing due to its ease of operation and faster data rates.
By application, the global USB devices market has been segmented into consumer electronics, IT & telecommunication, automotive, healthcare & medical devices, and others. Among these applications, the automotive segment is estimated to witness the fastest growth during the forecast period. This is due to increasing demand for electric vehicles, advanced driver assistance systems (ADAS), and infotainment systems which are usually USB operated
By region, the global USB devices market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. Among these regions, the North American region is expected to dominate the global market during the forecast period whereas the Asia-Pacific region is estimated to witness the fastest growth during the forecast period 2019–2025.
Key Players
The key players in the USB devices market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are 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 players contribute a significant share in the growth of the global USB Devices market.
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Despite being a “Universal” connector in its decade long market, it has procreated multiple versions with different connection speeds and many types of cables.In 2018, a report on global USB devices market size by Market Research Future revealed that the market gained close to a valuation of USD 19.00 Billion.
And now, the market is anticipated to reach USD 46.08 Billion by the end of the projection period with a compound annual growth rate (CAGR) of 13.9%.
A host PC can also have multiple host controllers, which surges the supreme number of USB devices that can be linked to a single computer.Brief History of USB DevicesUniversal Serial Bus (USB) is a familiar interface that connects peripheral devices to a host computer.
The USB system was initially developed by a group of companies such as Intel, IBM, Digital Equipment, Compaq, Microsoft, and Northern Telecom with an aim to replace the existing mixed connector system with the most straightforward architecture.Earlier, USB devices were designed to replace the multitude of cables and connectors to connect peripheral devices to a host computer.
Some devices can lure power from the USB, which excludes the need for extra power adapters.The USB devices’ market share has gained increased ground in the past few decades as the need to transfer media has amplified substantially.
The “Universal Serial Bus” refers to any device that can save data in flash memory with a USB integrated framework.
USB Devices Market ResearchLike all technology, USB has evolved over the time.
Despite being a “Universal” connector in its decade long market, it has procreated multiple versions with different connection speeds and many types of cables.In 2018, a report on global USB devices market size by Market Research Future revealed that the market gained close to a valuation of USD 19.00 Billion.
This percentage of growth has made USB devices the most undefeated connectivity solution worldwide.What is a USP Port?A USB device is an ordinary device which has a cable connection interface for personal computers and consumer electronics devices.
USB stands for Universal Serial Bus, a market evolving for short-distance digital data communications.
USB devices are connected to the ports for connecting each other to transfer digital data over USB cables.USB is a host-oriented and token-based serial bus protocol that allows a connection for up to 127 USB devices on a single USB host regulator.
The USB system was initially developed by a group of companies such as Intel, IBM, Digital Equipment, Compaq, Microsoft, and Northern Telecom with an aim to replace the existing mixed connector system with the most straightforward architecture.Earlier, USB devices were designed to replace the multitude of cables and connectors to connect peripheral devices to a host computer.
