USB devices Market—Forecast till 2027

USB devises Market—Forecast till 2027

Market Overview

According to Market research future examination, the global USB devices market is evaluated to witness a healthy CAGR of 9.6% during the forecast period to reach the largest market value of USD 41.006 Million by 2027.

Because of the boundless utilization of mobile phones among people, all things considered, the overall purchaser hardware business is blasting. With a USB-incorporated interface, widespread sequential transport (USB) or USB key or USB stick gadgets store information in streak memory. There has been a huge development in the worldwide interest for electronic parts, which obviously affects lead times for created things. The interest in electronic parts has increased at a remarkable rate over the most recent year. The attractiveness of inventive vehicle products is vigorously affected by buyer interest and innovation. Buyers think about diversion and infotainment frameworks, as well as sound frameworks while buying vehicles. The USB Type-C norms are experienced, and the reception pace is consistent and on time.

However, the growing security issues of USB devices may limit the global market in the future. Another challenge for the market is to replace the existing USB standards with new ones to acquire more speed, power, and compatibility.

Market Segmentation

The global USB devices market has been categorized in terms of connector type, application, type, product, and region.

The type segment divides into USB 1.0, USB 2.0, USB 3.0, and others. In terms of product segment, the global market is categorized into Webcam, USB flash drives, digital audio players, computer peripherals, memory card readers, scanners & printers, and others. The connector segment divides the global USB devices market into Type A, Type B, Type C, and Lightning Connector. In terms of the application, the global market has been segmented into consumer electronics, it & telecommunication, automotive, healthcare & medical devices, and others.

Regional Analysis

The global USB devices market has been studied across Asia-Pacific, North America, Europe, and the Rest of the World.

The Asia Pacific represented the biggest market portion of 37.24% in 2019. The major USB devices market organizations situated in the US and the UK are growing their business in Asia-Pacific. Moreover, government drives to advance digitization and blasting computerized stages are the elements in the agricultural nations of Asia-Pacific.

The USB devices market in Europe is seeing an appeal for USB gadget security and information stockpiling arrangements. The market is likewise essentially determined by the ascent of IT businesses in the market, which is day by expanding the utilization of USB devices like consoles, mice, chargers, cell phones, projectors. In North America, the high entrance of this innovation can be credited to general norms acknowledged around the world.

Major Players

The key competitors of the global USB devices market are Corsair Memory Inc. (US), Adata Technology Co. Ltd. (Taiwan), Samsung Electronics Co. Transcend Information Inc. (Taiwan), Intel Corporation (US), HP Inc. (US), Ltd. (South Korea), Micron Consumer Products Group Inc. (US), Verbatim Americas LLC (US), Sandisk Corporation (US), Kingston Technology Corporation (US), Toshiba Corporation (Japan), Netac Technology Co, Ltd. (China), Teclast Electronics Co., Ltd. (China).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Companies Mentioned

Corsair Memory Inc. (US)
Adata Technology Co. Ltd. (Taiwan)
Samsung Electronics Co. Transcend Information Inc. (Taiwan)
Intel Corporation (US)
HP Inc. (US)
Ltd. (South Korea)
Micron Consumer Products Group Inc. (US)
Verbatim Americas LLC (US)
Sandisk Corporation (US)
Kingston Technology Corporation (US)
Toshiba Corporation (Japan)
Netac Technology Co
Ltd. (China)
Teclast Electronics Co.
Ltd. (China)