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

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)

  • Report Code : TIPRE00009310
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 257
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The USB device market was valued at US$ 35,339.3 million in 2021 and is projected to reach US$ 65,857.2 million by 2028; it is estimated to register 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.

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USB Device Market: Strategic Insights

USB Device Market

  • CAGR (2021 - 2028)
    9.3%
  • Market Size 2021
    US$ 35.34 Billion
  • Market Size 2028
    US$ 65.86 Billion

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • ADATA Technology Co., Ltd
  • Corsair
  • Imation Corporation
  • Kingston Technology Corporation
  • Samsung Corporation
  • SanDisk Corporation
  • Toshiba Corporation
  • Transcend Information, Inc
  • Diodes Incorporated

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Device Standard Type
  • USB 2.0
  • USB 3.0
  • USB 4.0
Product
  • Webcams
  • Flash Drives
  • Memory Card Reader
  • Digital Audio Player
  • USB Hub and Docking Station
  • Computer Peripherals
  • Others
Connector Type
  • Type A
  • Type B
  • Type C
  • Lightning Connector
Applications
  • Consumer Electronics
  • IT and Telecommunication
  • Automotive
  • Healthcare and Medical Devices
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Impact of COVID-19 Pandemic on USB Device Market

The COVID-19 hampered the adoption of USB devices worldwide in 2020 as sales of industries such as electronics and automotive were hampered due to the impact on supply lines. Meanwhile, the adoption of USB devices across IT & telecom and healthcare was reported on the higher side owing to the high emphasis on remote working and remote learning practices following a rise in the number of patients across hospitals due to COVID-19. However, from Q1 of 2021, the supply lines of the automotive and electronics industry started to stabilize, and revenue of these industries showcased positive momentum, which subsequently propelled the USB devices market.

Lucrative Regions for USB Device Market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights – USB Device Market

Surging Adoption of USB Type-C in Medical Industry

The growing technological advancements in USB Type-C are likely to increase its scope in the medical industry. Prominent players are highly designing next-generation USB devices to stay ahead in the competitive market. For instance, TE Connectivity launched its onboard USB Type-C receptacle connector; it is a waterproof device that protects systems in severe environments with IPX8 (waterproof rating) dust and water ingression performance. With the given waterproof rating, the USB Type-C connector maintains a continuous connection at a water depth of 1.5 m for a minimum of 30 minutes. Further, the growing aging demographics, combined with increasing demand for early-stage diagnosis of chronic diseases, is boosting the demand for medical imaging equipment worldwide, thereby boosting the demand for next-generation USB Type-C devices. Thus, such a rise in the use of USB Type-C systems, especially in the medical device manufacturing industry, is likely to provide growth opportunities to the USB device market players in the coming years.

Application-Based Insights

Based on type, the USB device market is segmented into consumer electronics, automotive, IT & telecommunication, and healthcare and medical devices. The IT & telecommunication segment is likely to hold the largest market share in 2021.

Players operating in the USB device market are mainly focused on the development of advanced and efficient products.

  • In October 2021, SK hynix Inc. announced its launch of the first DDR5 DRAM. It is a high-speed and high-density product optimized for big data, artificial intelligence (AI), and machine learning (ML) as a next-generation standard of DRAM.
  • In August 2021, Analog Devices, Inc. announced the acquisition of Maxim Integrated Products, Inc. The combination further strengthens ADI’s position as a high-performance analog semiconductor company with trailing 12-month revenue of over US$ 9 billion, industry-leading margins, and free cash flow of over US$3 billion on a pro forma basis.

The USB device market is segmented into device standard type, product, connector type, application, and geography. Based on the device standard type, the market is segmented into USB 2.0, USB 3.0, and USB 4.0. In 2021, the USB 3.0 segment is likely to hold the largest market share. 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 2021, the computer peripherals segment is likely to hold the largest market share. Based on connector type, the USB device market is segmented into Type A, Type B, Type C, and lightning connector. In 2021, the type B segment is likely to hold the largest market share. Based on application, the market is segmented into consumer electronics, IT and telecommunications, automotive, healthcare and medical devices, and others. In 2021, the IT & telecom segment is likely to hold the largest market share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share of the global market.

USB Device Market – Company Profiles

  • ADATA Technology Co., Ltd
  • Corsair
  • Imation Corporation
  • Kingston Technology Corporation
  • Samsung Corporation
  • SanDisk Corporation
  • Toshiba Corporation
  • Transcend Information, Inc
  • Diodes Incorporated
  • MaxLinear
  • SK Hynix Inc
  • VIA Labs, Inc
  • KIOXIA Corporation
  • Dialog Semiconductor
  • ROHM CO., LTD
  • Silicon Laboratories, Inc.
  • ON Semiconductor Corporation
  • NXP Semiconductors
  • Cypress Semiconductor Corporation
  • Texas Instruments Incorporated
  • Renesas Electronics Corporation
  • Microchip Technologies, Inc
  • Maxim Integrated

USB Device Market Report Scope

Report Attribute Details
Market size in 2021 US$ 35.34 Billion
Market Size by 2028 US$ 65.86 Billion
Global CAGR (2021 - 2028) 9.3%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Device Standard Type
  • USB 2.0
  • USB 3.0
  • USB 4.0
By Product
  • Webcams
  • Flash Drives
  • Memory Card Reader
  • Digital Audio Player
  • USB Hub and Docking Station
  • Computer Peripherals
  • Others
By Connector Type
  • Type A
  • Type B
  • Type C
  • Lightning Connector
By Applications
  • Consumer Electronics
  • IT and Telecommunication
  • Automotive
  • Healthcare and Medical Devices
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • ADATA Technology Co., Ltd
  • Corsair
  • Imation Corporation
  • Kingston Technology Corporation
  • Samsung Corporation
  • SanDisk Corporation
  • Toshiba Corporation
  • Transcend Information, Inc
  • Diodes Incorporated
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Device Standard Type, Product, Connector Type, and Applications

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    Which product dominated the market in 2020?

    The global USB device market was dominated by the computer peripherals segment with highest market share in 2020. A number of USB devices are included in computer peripherals, such as mouse, key board, printers, external modems, and handheld computers. These devices connect to PCs via USB. The segment also includes peripherals that can be connected to laptops. The demand for laptops and desktops across the world is expected to increase due to the rising spending capabilities of people living in developing economies, evolving lifestyles, and growing online education.

    What are key driving factors behind USB device market growth?

    The USB devices have been in use for several years worldwide, however, the technology has been experiencing immense demand in recent years. The noteworthy growing demand for USB products in automotive entertainment and infotainment systems is supporting the growth of USB device market. Increasing demand for consumer electronics is one of the crucial growth parameters for the USB device market.

    What are key market opportunities for USB device market?

    The growing technological advancements in USB Type-C are likely to increase its scope in the medical industry. As, the USB-Type C devices are gaining huge popularity in the medical industry as their installation in any medical system abides with the industry standards such as IEEE 11073 and the Personal Health Care Device Class (PHDC) standards. This, in turn, will provide growth opportunities to the market players during the forecast period.

    The List of Companies - USB Devices Market

    1. ADATA Technology Co., Ltd
    2. Corsair
    3. Imation Corporation
    4. Kingston Technology Corporation
    5. Samsung Corporation
    6. SanDisk Corporation
    7. Toshiba Corporation
    8. Transcend Information, Inc
    9. Diodes Incorporated
    10. MaxLinear
    11. SK Hynix Inc
    12. VIA Labs, Inc
    13. KIOXIA Corporation
    14. Dialog Semiconductor
    15. ROHM CO., LTD
    16. Silicon Laboratories, Inc.
    17. ON Semiconductor Corporation
    18. NXP Semiconductors
    19. Cypress Semiconductor Corporation
    20. Texas Instruments Incorporated
    21. Renesas Electronics Corporation
    22. Microchip Technologies, Inc
    23. Maxim Integrated

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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