Type B Segment to dominate Asia Pacific USB Device Market during 2020–2028
According to The Insight Partners market research study on “Asia Pacific USB Device Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Device Standard Type, Product, Connector Type, and Application” is expected to reach US$ 19,625.70 million by 2028 from US$ 11,253.88 million in 2021. The market is estimated to grow at a CAGR of 8.3% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific USB device market along with the drivers and restraints pertaining to the market growth. Burgeoning adoption of USB Type C in medical industry, thriving demand for consumer electronics, and elevating demand for USB products in automotive entertainment and infotainment systems are the major factor driving the growth of the Asia Pacific USB device market. However, growing security concerns hinders the growth of Asia Pacific USB device market.
In Asia Pacific China, Japan, India, are among the countries that have large number of electronics manufacturer and end users. Despite increase in number of infections these countries have eased containment measures and allowed the manufacturing facilities to operate in 2021. For instance, through there were emergence of second wave in Q2 of 2021 in India, manufacturers were operational in India. Similarly, with ongoing rise in cases in China, factories are still operational. As the region adopted remote learning and working practices positively, the COVID-19 had a positive impact on the USB devices market in Asia Pacific.
The Asia Pacific USB device market is segmented on the basis of device standard type, product, connector type, application, and country. Based on the device standard type, the market is segmented into USB 2.0, USB 3.0, and USB 4.0. In 2020, USB 2.0 segment held the largest share in the market, USB 3.0 is expected to be the fastest growing segment during the forecast period. Based on the product, the USB device market is segmented into webcams, flash drives, memory card readers, digital audio players, computer peripherals, and others. In 2020, computer peripherals segment held the largest share in the market, flash drives is expected to be the fastest growing segment during the forecast period. On the basis of the connector type, the USB device market is segmented into Type A, Type B, Type C, and lightning connector. In 2020, Type B segment held the largest share in the market, Type C is expected to be the fastest growing segment during the forecast period. The USB device market, by application, is segmented into consumer electronics, IT and telecommunications, automotive, healthcare and medical devices, and others. In 2020, IT and telecommunications segment held the largest share in the market, others is expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. In 2020, China held the largest share in the market, and Japan and Australia is expected to be the fastest growing country during the forecast period.
Samsung Group; Toshiba Corporation; ADATA Technology Co., Ltd.; CORSAIR; Imation Corporation; Kingston Technology Company, Inc.; SanDisk Corporation; Transcend Information, Inc.; Diodes Incorporated; NXP Semiconductors; ON Semiconductor Corporation; Silicon Laboratories, Inc.; Texas Instruments Incorporated; SK Hynix Inc.; VIA Labs, Inc.; Renesas Electronics Corporation; Cypress Semiconductor Corporation; Dialog Semiconductor; KIOXIA Corporation; Maxim Integrated; Microchip Technologies, Inc.; ROHM CO., LTD.; and MaxLinear. For instance, Toshiba Memory Corporation and Western Digital Corp. have finalized a formal agreement to jointly invest in the “K1” manufacturing facility that Toshiba Memory is currently constructing in Kitakami, Iwate Prefecture, Japan.
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