"USB Type C Set to Gradually Replace the Previous USB Types"

The USB type C market worldwide is expected to grow with a CAGR of 25.7% during the forecast period from 2023 to 2030, starting from US$ 575.3 Mn in 2020. USB Type-C connectors are designed to help manufacturers provide a sleek & slim design for mobile devices and enable robust enough connections for industrial applications. These connectors have reversible interface and can accept a plug from any direction. This offers easy and reliable connection to electronic appliances and devices. USB-C supports wide range of different protocols and is rearward compatible to HDMI, DisplayPort, VGA and various others with the help of adapters. The market growth is highly driven by superior performance features of USB-C over conventional USB types. USB-C are highly convenient to use, offer faster charging & data transfer and compatible with wide range of devices and protocols. Subsequently, USB-C is expected to soon replace the existing USB types, thereby propelling rapid market growth.

"Asia Pacific to Register the Fastest Growth"

In 2020, Asia Pacific led the USB-C market worldwide with more than 1/3rd of the global market revenue. Majority of the Asian companies have embraced USB-C standard in their premium as well as mid-range phones. Since Asia Pacific is the largest market for smartphones, USB-C has witnessed substantial penetration in smartphones sector in the region. Considering the consistently growing smartphones & tablets industry in Asia Pacific, the region would retain its dominant position in the market, exhibiting highest CAGR through the forecast period.

Some of the prominent players operating in the USB type C market include TE Connectivity Ltd., Belkin International, Inc., ON Semiconductor Corporation, Diodes, Inc., STMicroelectronics NV, Texas Instruments, Inc., Analog Devices, Inc., NXP Semiconductors N.V., Infineon Technologies AG and Microchip Technology, Inc. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of USB Type C market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the USB Type C market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of USB Type C market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the USB Type C market?
• Which is the largest regional market for USB Type C market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving USB Type C market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the USB Type C market worldwide?