The global USB Devices Market is likely to garner significant traction. The increasing use of charging banks that can meet the requirements of up to five gadgets on the go is a key driving force. According to Market Research Future (MRFR), the global USB devices market is poised to grow to USD 77.992 BN by 2032 from USD 27.9 BN in 2022, registering a 12.10% CAGR throughout the assessment period (2023-2032).
Besides, the spurring rise in the number of smart devices, such as cameras, printers, and scanners, that effortlessly connect to PCs and increasing preference for USB devices instead of old plug-and-play tech boost the market size. With the rising use of electronic devices such as smartphones, eBook readers, and game consoles, the market is projected to demonstrate an impressive growth rate in the upcoming period.
USB ports are standard in personal computers and are built into many other devices. The growing use of USB drives, sticks, and data cards and the rising sales of smartphones and portable devices escalate the market value. The market has been witnessing high growth in recent years, led by the increasing popularity of music streaming platforms.
Major Players
leading USB devices market players are Adata Technology Co. Ltd.(Taiwan), Corsair Memory Inc. (US), Sandisk Corporation (US), Toshiba Corporation (Japan), Kingston Technology Corporation (US), Samsung Electronics Co. Ltd.(South Korea), Verbatim Americas LLC (US), Micron Consumer Products Group Inc.(US), Transcend Information Inc.(Taiwan), HP Inc.(US), Intel Corporation (US), Imation Corporation (Ojin Corporation Co., Ltd., US), Netac Technology Co, Ltd.(China), Teclast Electronics Co., Ltd.(China), and Koninklijke Philips N.V. (Netherlands), among others.
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Global USB Devices Market – Segments
The report is segmented into types, products, connector types, applications, and regions. The type segment comprises USB 1.0, USB 2.0, USB 3.0, and others. The product segment comprises USB flash drives, memory card readers, webcams, digital audio players, computer peripherals, scanners & printers, and others.
The connector type segment comprises type A, type B, type C, and lightning connectors. The application segment comprises consumer electronics, IT & telecommunications, automotive, healthcare & medical devices, and others. By region, the USB devices market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
USB Devices Market – Regional Analysis
The Asia-Pacific region dominates the global USB devices market due to the vast popularity of smartphones. Besides, rising uses of portable devices, such as laptops and tablets, and the growing per capita disposable income in the region boost the market size. Moreover, government initiatives to promote digitization and booming digital platforms substantiate market shares.
USB Devices Market – Competitive Analysis
The highly competitive USB devices market appears diversified with the presence of many popular brands. Players initiate strategies, such as collaboration, mergers & acquisitions, expansion, and product/technology launches to gain a larger competitive share. Industry players make substantial investments to expand their production capacity and distribution network locally and in emerging countries.
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Industry/ Innovation/ Related News:
Sept. 12, 2023 — Apple introduced a USB-C charger, a new iPhone 15, and a carbon-neutral Apple Watch. The new USB-C charger tops the company’s “Wanderlust” event in Cupertino, Calif. Apple’s new upgraded product line-up is available for preorder and will be available for sale from Sept. 22 onwards. The company also confirmed that it is working on reversing the sales slump of the last three quarters and a 10% drop in stock since July.
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