Pune, India -- (SBWIRE) -- 11/09/2018 -- Universal Serial Bus (USB) is an interface medium that connects cables, connectors, ports and communication protocols between the devices for ensuring proper communication and power supply. The USB connector provides benefits such as plug and play and enhanced transfer of data rate to the end users. Hence, owing to its wide range of applications it is in demand. The two types of USBs, USB A and USB B offers different applications such as, the former one is useful in downstream connection and the latter is used in upstream connection. Depending on their features of providing and receiving power in computer and other electronic peripherals, the need for USB connector device is growing.
The USB connector Market was valued at US$ 8.69 Bn in 2017 is expected to reach US$ 14.55 Bn by 2022.
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The USB connector devices are evolving at a rapid pace. Initially the storage device could hold up to 8 megabytes of data but after a decade the storage capacities surpassed the limit of 256 gigabytes. Rapid shift in technologies has increased the transfer of data and power supply through the USB connector. The present USB devices include NAND flash technology which could speed up the models to a 20 time faster than the old models. Furthermore, devices such as high-resolution cameras, audio and external devices that operates on higher bandwidth often uses USB 3.0 technology ports, since it boosts the speed of writing and reading data. Therefore, with the evolved USB wireless cable, data transfer from host device to other computing devices has become easy and reliable and has reduced the complexity of different connector type and hardware requirements. This device also communicates error detection while data transfer. The low-cost versatile nature has enabled the growth of USB connector device market. However, the troubleshooting process and diversion of investments in wireless infrastructure can limit the development of the market. Despite the challenges in revolution of wireless USB connector, the growing demand for smart phones and other connecting device has surged the growth of the market. Moreover, the growing demand in emerging economies for storage devices, smart phones and other plug and play smart peripherals has also reflected the growth in demand of USB connector device market.
USB Connector Market, By Type
Based on type, the market is segmented in to USB data cable, USB chargers, USB power adapter, USB hubs and USB dongles. Among them, USB power adapter dominates the market type. The power adapter is inclusive of short cables that connects from small plugins to large jacks. These power adapters have wide variety of DC connector styles and voltages. Further, with the growing technological shift in mobile devices and other remote electronic devices are increasingly adopting power chargers. Therefore, the growing trends of power voltage and charging has fueled the growth of USB power adapter type.
USB Connector Market, By Region
North America region holds the largest market share among other regions in the market. The growth in computer, mobile phone and TV applications coupled with increased attractiveness of USB type C connector type in comparison to other regions has collectively expanded the growth of USB connector market in North America.
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Competitive Landscape
The report covers both, qualitative and quantitative research of the market, as well as include comprehensive insights and developments methods adopted by the key players. The report encompasses competitive detailed analysis of the key players which are driving the market. The key business strategies such as Mergers & Acquisitions, affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.
Some of the USB connector market participants are 3M, Delphi Connection Systems, OMRON Corporation, Samtec, TE Connectivity, Wurth Elektronik GmbH & Co. KG, Tripp Lite, Cicoil Corporation amongst others.