USB Type C Market By Application (Industrial Automation, Medical Devices, Accessories & Connectors, Automotive, PCs & Laptops, Smartphones & Tablets, Consumer Electronics & Wearables, Data Centers and Others) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

USB Type C Is Set to Replace Previous USB Types Gradually

The global USB Type-C market is expected to grow at a CAGR of 25.7% from 2019 to 2027, with a starting value of US$ 380.0 million in 2018.USB Type-C connectors are designed to help manufacturers provide a sleek and slim design for mobile devices and enable robust enough connections for industrial applications. These connectors have a reversible interface and can accept a plug from any direction. This offers an easy and reliable connection to electronic appliances and devices.

USB-C supports a wide range of different protocols and is backward compatible with HDMI, DisplayPort, VGA, and various others with the help of adapters. The market's growth is highly driven by the superior performance features of USB-C over conventional USB types. USB-C is highly convenient to use, offers faster charging and data transfer, and is compatible with a wide range of devices and protocols. Subsequently, USB-C is expected to soon replace the existing USB types, thereby propelling the rapid market growth.

Market Synopsis

Asia-Pacific to Register the Fastest Growth

In 2018, Asia Pacific led the USB-C market worldwide with more than 1/3rd of the global market's revenue. The majority of Asian companies have embraced the 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 the smartphone sector in the region. Considering the consistently growing smartphone and tablet industry in Asia Pacific, the region would retain its dominant position in the market, exhibiting the highest CAGR through the forecast period.

Some of the prominent players operating in the USB type C market include T.E. 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.

Periods of History and Forecast

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The USB-C market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global USB-C market based on application and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of USB type C in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market for USB type C?
  • What are the major trends followed in overall USB type C across different regions?
  • Who are the key USB-C companies leading the market?
  • What are the key strategies adopted by the leading USB type C companies in the market?

This report's distinct data points

  • Statistics on smartphone unit shipments worldwide
  • Recent trends across different regions in terms of the adoption of USB-C across various applications
  • Notable developments are going on in the USB industry.
  • attractive investment propositions for application segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently Asked Question:

The market for USB Type C Market is expected to reach USD$ 380.0 Mn in 2027.

The USB Type C Market is expected to see significant CAGR growth over the coming years, at 25.7%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Belkin International, Inc., ON Semiconductor Corporation, Diodes, Inc., STMicroelectronics NV, Texas Instruments, Inc. are some of the major players in the global market.

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Published Date:  May 2019
Category:  Semiconductor & Electronics
Report ID:   59693
Report Format:   PDF
Pages:   120
Rating:    4.2 (69)
Delivery Time: 24 Hours to 48 Hours   
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