USB type-C market (2019-2028) is projected to expand at a CAGR of 25.8%

The global USB type-C market was valued at US$ 489.8 Bn in 2019 and is projected to expand at a CAGR of 25.8% during the forecast period 2019-2028. The growing adoption of USB type-C devices along with changing USB technology trends in consumer electronics are the key reasons driving the global USB type-C market. Also, the rapidly changing infotainment systems in the automotive industry and growing sales of USB type-C devices (such as smartphones, laptops, tablets, and others) is another major factor for the global market growth. According to a recent report, the global USB type-C device sales are anticipated to reach over 5 billion by 2022. The capability of instantaneous transfer of data coupled with fast charging feature USB type-C are some is one of the key factors projected to support the global market USB type-C market growth during the forecast period.

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The growing application of USB type-C in healthcare, automotive, consumer electronics, and other industries is another major factor projected to enhance the global market demand during the forecast period. In addition, the market players are focusing on launching innovative products along with improving the operability & flexibility of its products to boost sales. For instance, in February 2020, ON Semiconductor introduced innovative USB type-C PD 3.0 controllers with enhanced efficiency and advanced features. The aforementioned controllers provide high integration level & reliability and enable high power density for numerous applications such as AC-DC power auxiliary & adapters, smartphone chargers, and others.

Based on the product type, the global USB type-C market is segmented into smartphones & tablets, automobiles, medical devices, computers & laptops, drones, and others. The smartphones & tablets segment had a major share in the global USB type-C market in 2019 and had over 1/2th market revenue share in the same year. The smartphones & tablets had its dominance owing to the early adoption of USB type-C and the development of slim phones. The growing adoption of smartphones across the globe along with advanced features (such as fast charging, elimination of 3.5mm audio jack, fast charging, and others) are some other key reasons anticipated to enhance the segment growth. As a result of the aforementioned factors, the smartphones & tablets segment is estimated to continue its dominant position in the global USB Type-C market during the forecast period.

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The major manufacturers in the global USB type-C market are focusing on various strategies such as mergers, innovative product launches, acquisitions, strategic partnerships, and geographical expansion to increase their market share. For instance, in October 2018, Belkin International, Inc. the market frontrunner in connectivity solutions launched USB type-C to HDMI Adapter. The aforementioned adapter had numerous features such as a stunning image that support 4K at 60Hz, connects video-enabled USB-C to display, maximizes WiFi signal & minimizes interferences, and others.

The global research report on the global USB type-C market offers a complete analysis of key USB type-C manufacturers, geographic presence analysis, market revenue analysis, and new technological developments. Competitive developments of the key organizations working within the global USB type-C market, along with development, mergers & acquisitions, new product launches, and strategic partnerships among the market players, have been offered within this market research report. A SWOT analysis has been accomplished on every organization summarized within the global USB type-C market report.

Product Type (Revenue in USD Billion)

Smartphones & Tablets
Automobiles
Medical Devices
Computers & Laptops
Drones
Others

Application (Revenue in USD Billion)
Automotive
Consumer Electronics
Healthcare
Industrial Automation
Others

Protocols (Revenue in USD Billion)
HDMI
Thunderbolt
DisplayPort
MHL
USB Audio over USB Type-C

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Alchemy Market Research is an innovative market intelligence company, helping customers to enrich their business scenario and make superior decisions using future intelligence tools. With lucid information database, we accomplish client’s expectation with high standard of commitments and addressing possible competitors in the market with complete SWOT analysis and exclusive market research reports.

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