PUBLISHER: Acute Market Reports | PRODUCT CODE: 1176016
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1176016
The USB type C market worldwide is expected to grow with a CAGR of 25.7% during the forecast period from 2021 to 2029, starting from US$ 575.3 Mn in 2020. USB Type-C connectors are designed to help manufacturers provide a sleek & slim design for mobile devices and enable robust enough connections for industrial applications. These connectors have reversible interface and can accept a plug from any direction. This offers easy and reliable connection to electronic appliances and devices. USB-C supports wide range of different protocols and is rearward compatible to HDMI, DisplayPort, VGA and various others with the help of adapters. The market growth is highly driven by superior performance features of USB-C over conventional USB types. USB-C are highly convenient to use, offer faster charging & data transfer and compatible with wide range of devices and protocols. Subsequently, USB-C is expected to soon replace the existing USB types, thereby propelling rapid market growth.
In 2020, Asia Pacific led the USB-C market worldwide with more than 1/3rd of the global market revenue. Majority of the Asian companies have embraced USB-C standard in their premium as well as mid-range phones. Since Asia Pacific is the largest market for smartphones, USB-C has witnessed substantial penetration in smartphones sector in the region. Considering the consistently growing smartphones & tablets industry in Asia Pacific, the region would retain its dominant position in the market, exhibiting highest CAGR through the forecast period.
Some of the prominent players operating in the USB type C market include: TE Connectivity Ltd., Belkin International, Inc., ON Semiconductor Corporation, Diodes, Inc., STMicroelectronics NV, Texas Instruments, Inc., Analog Devices, Inc., NXP Semiconductors N.V., Infineon Technologies AG and Microchip Technology, Inc. among others.
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of USB Type C market are as follows:
Micro and macro environment factors that are currently influencing the USB Type C market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.