Facts and Factors Market Research has published a new report titled “USB Connectors Market By Type (USB Data Cable, USB Charger, and USB Dongle), By Connector Type (USB A, USB B, and USB C), By USB Charger (Power Adapters and USB Hubs), and By Application (Computer, Cellphone, Camera, TV, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027”. According to the report, the global USB connectors market was valued approximately USD 9,827 million in 2018 and is expected to reach a value of around USD 25,291 million by 2027, at a CAGR of around 11.1% between 2019 and 2027.
A universal serial bus (USB) connector is a connector between a computer and input/output devices, such as monitor, printer, mouse, scanner, or keyboard. It offers various benefits, including increased data transfer rate, plug-and-play, reduced number of connectors, and addressing usability concerns with present interfaces. USB connectors are communication links between a device and computer via a cable. USB connectors were developed to simplify the connection between computers and other outlying devices. USB data cables supply power and transfer data from one device to another. USB chargers supply power to the connected devices. An adapter of some type that plugs into the USB port, including a mouse/keyboard transceiver, 3G/4G cellular adapter or security device is called a USB dongle. USB dongles generally range from one to three inches in length.
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Rising product demand by various end-user industries majorly driving the USB connectors market
The primary growth driver of the USB connectors market is the rising consumption of various kinds of consumer electronics devices, which is fuelling the demand for USB connectors. USB connector devices are developing at a quick pace across the globe and major technological advancements are made related to USB connectors as well. The rapid shift in technologies has increased the rate of data transfer and power supply through USB connectors. There has been proliferation of smartphones and tablets and adoption of USB devices for storing, transferring, and sharing content, particularly in the Asia Pacific region.
USB C segment is projected to grow rapidly in the type segment
The USB C segment is estimated to grow at a CAGR of 11.7% over the forecast time period, as USB C types have a double-sided design to support high-speed data transfer and offer enhanced power supply in comparison to other connector types. Additionally, most of the upcoming consumer electronics in the market are adopting USB C connector C, which is the next-gen USB connector type.
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Power adapters are likely to lead the USB charger segment in the future
The power adapters segment dominates the global market, as these adapters come in both in short and long cable variants that connect to large jacks as well as small plugins. These adapters come in a wide range of DC voltages and connector styles.
Asia Pacific to record the highest CAGR over the estimated timeline
The Asia Pacific is the fastest-growing USB connectors market and will register a CAGR of 11.6% in the future. This can be attributed to the growing technological advancements across the region and consistent innovation of super-speed USB data cables. Additionally, the rising consumption of consumer electronics across the region is propelling the demand for USB connectors, which is driving the Asia Pacific USB connectors market.
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Key players operating in the USB connectors market are Shenzhen yilink Electronics, Tripp Lite, Shenzhen STC Cable Manufacturer, BizLink Group, Switchcraft, TE Connectivity, HDMI Licensing Administrator, Renhotec Group, Amphenol ICC, Molex, and Belkin International, among others.
This report segments the USB connectors market into:
Global USB Connectors Market: By Type
- USB Data Cable
- USB Charger
- USB Dongle
Global USB Connectors Market: By Connector Type
- USB A
- USB B
- USB C
Global USB Connectors Market: By USB Charger
- Power Adapters
- USB Hubs
Global USB Connectors Market: By Application
Global USB Connectors Market: By Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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