DUBLIN–(BUSINESS WIRE)–The “USB Peripherals Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Standard Device Type, Product (Webcams, USB Drives, Memory Card Reader, Digital Audio Player, USB Hub and Docking Station, computer and other peripherals), connector type, and Applications” report has been added to from ResearchAndMarkets.com offer.
USB Peripherals 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 growing inclination for modern in-vehicle entertainment and infotainment systems requires car manufacturers to provide a reliable connection between the car display and users’ smartphones or tablets. Thus, vendors of USB devices for the automotive segment design USB products that are compatible with different automotive systems.
Microchip Technology Inc. offers five USB 2.0 smart hub ICs available in various architectures; they are easy to use and offer the flexibility to adapt to the design requirements of vehicle manufacturers.
Additionally, in February 2019, Microchip Technology Inc. deployed a USB 3.1 Gen1 SmartHub IC that provides faster data rates and mitigates indexing times to improve the in-car user experience. Today, consumers expect vehicle entertainment and infotainment systems to respond instantly.
Thus, companies are focusing on offering rugged USB drives to ensure maximum functionality in the automotive media hub. Thus, the growing demand for USB devices in entertainment and infotainment systems is driving the overall market growth.
COVID-19 hampered the adoption of USB devices globally in 2020 as sales in industries such as electronics and automotive were hampered due to the impact on supply lines. Meanwhile, the adoption of USB devices in IT, telecommunications and healthcare has been reported to be higher due to the emphasis on remote working and learning practices following the increased number of patients in hospitals due to COVID-19.
However, from the first quarter of 2021, the automotive and electronics industry supply lines began to stabilize, and the revenues of these industries showed positive momentum, which subsequently propelled the USB device market into the world.
In 2021, Type B segment is expected to hold the largest market share. On the basis of application, the market is segmented into consumer electronics, IT & telecommunications, automotive, healthcare & medical devices, etc.
In 2021, the IT and telecom segment is expected to hold the largest market share. Geographically, the market is broadly segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share of the global market.
ADATA Technology Co.,Ltd
Kingston Technology Society
Transcend Information, Inc.
SK Hynix Inc
VIA Labs, Inc.
ROHM CO., LTD
Silicon Laboratories, Inc.
ON Semiconductor Corporation
Cypress Semiconductor Corporation
Texas Instruments Incorporated
Renesas Electronics Corporation
Microchip Technologies, Inc.
Main topics covered:
2. Main Takeaways
3. Research methodology
4. USB Peripherals Market Landscape
4.1 Market Overview
4.2 PEST analysis
4.3 Ecosystem analysis
4.4 Expert Opinions
5. USB Peripherals Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Consumer Electronics
5.1.2 Growing Demand for USB Products in Automotive Entertainment and Infotainment Systems
5.2 Market Constraints
5.2.1 Growing security concerns
5.3 Market Opportunities
5.3.1 Growing Adoption of USB Type-C in Medical Industry
5.4 Future trends
5.4.1 Increase in popularity of smart homes
5.5 Impact analysis of drivers and constraints
6. Global USB Peripherals Market Overview
6.1 USB Peripherals Market- Revenue and Forecast to 2028 (Million USD)
6.2 Market Positioning – Ranking of Global Market Players
7. USB Peripherals Market Revenue and Forecast to 2028 – By Standard Device Type
7.2 Global USB Peripherals Market Breakdown, By Standard Device Type, 2020 & 2028
8. USB Peripherals Market Revenue and Forecast to 2028 – By Product
8.2 Global USB Peripherals Market Revenue and Volume, by Product, 2020 & 2028
8.3.2 Webcams: USB Devices Market – Revenue and Volume, Forecast to 2028 (USD Million)
8.4 USB sticks
8.5 Memory card reader
8.6 Digital audio player
8.7 Computer Peripherals
8.8 USB hub and docking station
9. USB Peripherals Market Revenue and Forecast to 2028 – By Connector Type
9.2 Global USB Peripherals Market Breakdown, By Connector Type, 2020 & 2028
9.3 Type A
9.3.2 Type A: USB Peripherals Market – Revenue and Volume, Forecast to 2028 (USD Million)
9.4 Type B
9.6 Lightning connector
10. USB Peripherals Market Revenue and Forecast to 2028 – By Applications
10.2 Global USB Peripherals Market Split, by Applications, 2020 & 2028
10.3 Consumer Electronics
10.3.2 Consumer Electronics: USB Device Market – Revenue and Volume Forecast to 2028 (USD Million)
10.4 IT and Telecommunications
10.6 Health Care and Medical Devices
11. USB Peripherals Market – Geographical Analysis
12. USB Peripherals Market – Impact Analysis of COVID-19
13. Industry Landscape
13.1 Market initiative
13.2 Merger and acquisition
13.3 New development
For more information on this report, visit https://www.researchandmarkets.com/r/r44fel