Global USB Type-C Market Size Rising at 23.6% CAGR by 2028

By Ashwin Naphade  | Date: November 01, 2022

Global USB Type-C Market Size Rising at 23.6% CAGR by 2028

The recent research report on ‘Global USD Type-C Market’ available with MarketStudyReport, states that global USB Type-C market is poised to exhibit a 23.6% CAGR during 2022-2028.

Rising number of consumer electronics, the growing tendency toward remote learning & work-from-home routines, the number of innovations & technological breakthroughs, and rapid urbanization are the reasons that are causing the expansion of global USB Type-C market.

Request sample copy of this report:

https://www.marketstudyreport.com/request-a-sample/5587028/  

For those unaware, the fifth and the most recent iteration of the universal serial bus (USB) family is Type-C. As USB Type-C offers high-speed data transfer, a high-wattage power supply cable, and a safe means to connect peripheral devices, consumers benefit from it.

These connectors' reversible interface enables them to accept plug connections in any direction, making it simple to connect to modern equipment and gadgets. The USB Type-C has been accepted by several well-known IT companies, including Apple Inc., Google LLC, and Microsoft Corporation.

Besides, the adoption of new power supply and USB Type-C connector technologies is likely to create several profitable opportunities for businesses in this line of work during the review period.

 However, obstacles to commercial expansion include the availability of replacements like micro-USB and compatibility problems, which may hinder the progress of the business sphere in the forthcoming years.

Worldwide USB Type-C market has been segmented on the basis of application model, protocol type, and end-user scope. Based on the application model, the market is segregated into personal computers & laptops, smartphones & tablets, digital cameras, TVs, printers & scanners, and others (chargers & adapters, etc.).  

On the basis of protocol type, the market is divided into HDMI, display-port, MHL, USB audio, and thunderbolt. In terms of end-user scope, this business space is categorized into automotive, consumer electronics, telecommunications, media & entertainment, and others (healthcare, etc.).

Geographically the market is studied across North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, North America is predicted to dominate in terms of market share over the forecast duration, due to the number of innovations & technological breakthroughs, and the growing urbanization.

Some of the key players that contribute remarkably to global USB Type-C industry include Diodes Inc., Texas Instruments, Silicon Laboratories Inc., Microchip Technology Inc., Richtek Technology Corporation, NXP Semiconductor Corporation, Anixter International Inc., Infineon Technologies AG, STMicroelectronics N.V., and Belkin International Inc.

Questions & Answers: Global USB Type-C market

Question 1: What factors will drive global USB Type-C market growth?

Answer: Rising number of consumer electronics, the growing tendency toward remote learning and work-from-home routines, the number of innovations & technological breakthroughs, and rapid urbanization are the reasons that are causing the expansion of global USB Type-C market.

Question 2: How will North America boost global USB Type-C market growth?

Answer: Due to the number of innovations & technological breakthroughs, and the growing urbanization, the demand for USB Type-C is increasing in North America, thereby boosting overall market growth.

Question 3: Which are the major companies formulating the competitive landscape of global USB Type-C market?

Answer: Some of the key players contributing to global USB Type-C market revenues include Diodes Inc., Texas Instruments, Silicon Laboratories Inc., Microchip Technology Inc., Richtek Technology Corporation, NXP Semiconductor Corporation, Anixter International Inc., Infineon Technologies AG, STMicroelectronics N.V., and Belkin International Inc.

For more details on this report:

https://www.marketstudyreport.com/reports/global-usb-type-c-market-analysis-and-forecast-2019-2028/   

About US:

Market Study Report is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, is the platform that can help you in achieving any of these objectives.

Contact Us:

Ritesh Tiwari

Corporate Sales,

Phone: 1-866-764-2150

Email: [email protected]

About Author

Ashwin Naphade     ibmag.com

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

Read More