Frequently asked questions
The global wired interface market was valued at USD 840.29 Million in 2022.
The wired interface market is expected to grow at a CAGR of 6.40% between 2023 and 2030, reaching USD 1,385.44 Million in 2030.
USB (universal serial bus) is the leading segment by interface type, holding over 31% share in value in 2022.
The consumer electronics segment governs the demand for wired interface globally, holding a massive share of over 20% in 2022.
The smartphone segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the wired interface industry, with over one-third share in 2022.
The top players include Texas Instruments, NXP Semiconductors N.V., Japan Aviation Electronics Industry, Ltd., Amphenol Corporation, Molex Inc., TE Connectivity Ltd., Microchip Technology Inc, Rohm Co., Ltd., Cypress Semiconductor Corp., STMicroelectronics N.V. and Others.
Increased use of consumer electronics like smartphones, rising demand for wired interface due to its benefits of high data and power transfer capacity, rising data transferability and security concerns, and increased production of automotive infotainment are the main factors propelling the wired interface market forward.
The main factors limiting the growth of wired interface in the previously indicated anticipated period were the dropping shipment of PCS and tablets and the general decline in global commodity costs.
The market expansion is anticipated to be fueled by the rising consumer adoption of new technologies, such as AR and VR headsets and cameras.