USB Device Market is expected to reach US$ 65,857.2 Million by 2028

PRESS RELEASE BY The Insight Partners 27 Dec 2021

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Increasing Demand for Consumer Electronics to Provide Growth Opportunities for USB Devices Market During 2021–2028


According to our new research study on “USB Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Device Standard Type, Product, Connector Type, Application, and Geography,” the market is projected to reach US$ 65,857.2 million by 2028 from US$ 35,339.3 million in 2021; it is estimated to grow at a CAGR of 9.3% from 2021 to 2028.


The increasing use of consumer electronics such as smartphones and laptops in developed and developing countries is mainly attributed to rising disposable income, increasing population, and growing Internet penetration. The ongoing significant technological developments have led to a rise in the penetration of these devices across several economies. In 2020, as per the Consumer Technology Association (CTA), sales of smartphones in the US accounted for 152 million units. USB devices have become a dominant interface to address growing requirements for swift data transfer between end devices, such as laptops, smartphones, PCs, and digital cameras. Thus, with the escalating demand for consumer electronics and data transmission products, the global USB devices market players focus on launching new products to achieve sustainable growth and distinguish themselves from their competitors, thereby contributing to the market growth.


The USB device market is segmented into standard type, product, connector type, application, and geography. Based on device standard type, the market is segmented into USB 2.0, USB 3.0, and USB 4.0. Based on product, the USB device market is segmented into webcams, flash drives, memory card readers, digital audio players, computer peripherals, USB hub and docking station, and others. On the basis of connector type, the USB device market is segmented into Type A, Type B, Type C, and lightning connector. The USB device market, by application, is segmented into consumer electronics, IT and telecommunications, automotive, healthcare and medical devices, and others. Geographically, the market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).


Impact of COVID-19 Pandemic on USB Devices Market

The COVID-19 hampered the adoption of USB devices across North America in 2020 as sales of industries such as electronics and automotive were hampered due to impact of supply lines. Meanwhile, the adoption of USB devices across IT & telecom and healthcare was reported at higher side due to high emphasis on remote working and remote learning practices, followed by a rise in the number of patients across hospitals due to COVID-19. However, from the Q1 of the supply lines of the automotive and electronics industry started to stabilize, and revenue of these industries were showcased positive momentum, which subsequently propelled the USB devices market in North America.


ADATA Technology Co., Ltd.; Corsair; Hewlett-Packard Development Company; Imation Corporation; Kingston Technology Corporation; Samsung Corporation; SanDisk Corporation; Toshiba Corporation; Transcend Information, Inc.; Diodes Incorporated; MaxLinear; SK Hynix Inc.; VIA Labs, Inc.; and Verbatim Americas LLC are among the major companies operating in the USB Devices market.

USB Devices Market - by Geography

USB Device Market Size & Share | Global Analysis 2021-2028

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USB Device Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Device Standard Type (USB 2.0, USB 3.0, and USB 4.0), Product (Webcams, Flash Drives, Memory Card Reader, Digital Audio Player, USB Hub and Docking Station, Computer Peripherals, and Others), Connector Type (Type A, Type B, Type C, and Lightning Connector), and Applications (Consumer Electronics, IT and Telecommunication, Automotive, Healthcare and Medical Devices, and Others)

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