OTG Pen Drive

OTG Pen Drive

Global OTG Pen Drives Market to Reach $5.1 Billion by 2027

In the changed post COVID-19 business landscape, the global market for OTG Pen Drives estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$5.1 Billion by 2027, growing at a CAGR of 11.4% over the analysis period 2020-2027. Micro USB Type B, one of the segments analyzed in the report, is projected to record a 13% CAGR and reach US$2.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the USB Type C segment is readjusted to a revised 9.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $708.1 Million, While China is Forecast to Grow at 10.8% CAGR

The OTG Pen Drives market in the U.S. is estimated at US$708.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$893.2 Million by the year 2027 trailing a CAGR of 10.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 9.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.

Lightning Connector Segment to Record 10.6% CAGR

In the global Lightning Connector segment, USA, Canada, Japan, China and Europe will drive the 10.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$405 Million in the year 2020 will reach a projected size of US$815.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 47 Featured) -

• Hewlett-Packard Development Company LP
• Kingston Technology Co., Inc.
• Sony Corporation
• Strontium Technology Pte., Ltd.
• Transcend Information, Inc.
• Western Digital Corporation

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