USB Devices Market Report Perceives A Fabulous Growth Prospects; Unleashed Market Insights Till 2025 (SARS-CoV-2, Covid-19 Analysis)
Global USB Devices Market size was valued at USD 19.00 Billion in 2018 and is expected to reach USD 46.08 Billion by the end of the forecast period with a compound annual growth rate (CAGR) of 13.9%.
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The global USB devices market is expected to depict a significant market growth during the forecast period. Over the past few decades, the adoption of plug-n-play devices across consumer electronics, automotive, medical, and other applications have gained a considerable pace. This has also resulted in low energy consumption, high efficiency, and high operating life of device ports rather than relying on bulky and brittle port connectors. The demand for USB devices is accelerated due to increasing adoption in the automotive, manufacturing, and healthcare industries. Furthermore, the miniaturization of electronic devices has encouraged device manufacturers to focus on developing highly efficient USB devices.
The USB devices are increasing substantially, primarily due to their use in sending power to devices, such as tablets and smartphones, by charging their batteries. The first USB devices i.e., the Universal Serial Bus (version 1.0), were initially released commercially in January 1996. Following this launch, they were incorporated rather quickly by companies such as Compaq, Intel, and Microsoft. This intense proliferation of USBs has led to their prevalence in just about any electronic that is bought these days comes with several Universal Serial Bus connectors. Furthermore, the USB connectors enable the attachment of a device like printers, mouse, and other accessories to the computer immediately and effortlessly. The operating systems that are available recently support USB as well, so the setting up of the device drivers is speedy and stress-free. In comparison to other connecting devices such as serial ports, parallel ports, and special cards that are usually put inside the computer's case, the USB devices are particularly simple.
The USB 3.2 standard became official in July 2017 has speeds 10 times faster than USB 3.0. The new USB can be used for applications such as transferring high-definition video footage or backing up a complete hard drive to an exterior drive. With the upsurge in hard drive capacity, the need for a high-speed data transfer method is also developing. The appliances that utilize USB connection have developed over time, but the ones that can be plugged into computers through USB are comparatively new. As computers become more important in daily lives and people work longer hours, the number of time-saving convenience devices that plug into PCs are set to increase. For instance, the use of USB has changed drastically over the years as Samsung has introduced some innovative options. Samsung’s newest battery banks offer 25W fast charging and have dual USB-C ports as well. These two new battery banks from Samsung are 10,000mAh batteries that have the specialty of fast charging. Though the batteries don’t hit the laptop speeds of some other batteries, they are expected to gain a significant user base in the coming period.
As computers are steadily replacing humans in terms of services, USB devices are expected to expand further as almost all devices are equipped with a USB port. The expansion of USB devices currently covers devices such as vacuum cleaners, coffee machines, pregnancy tests, universal USB ports further bank on the need for convenience and "all-in-one" devices that are easy to handle. For example, Belkin launched an 8-Socket surge protector that has 8 sockets which is more than adequate for all the gadgets that are connected to the TV. They also have a 2-meter power cord which is extended enough to connect with a wall socket far near the intended setups. The device is expected to act as a surge protector averting damage to the linked equipment through voltage fluctuations. The device also enables connection to any electronic equipment with 2 or 3 pin plugs. The device is also compatible with international plug formats and can handle the highest spike current of 19,000 Amps.
Factors Boosted USB Devices Market
USB came with USB 2.0 and USB 3.0's rise in speeds to 5Gbps. This has made USBs even more useful for all the use cases as it takes less time to perform system backups or to move big video files or data around. It's moderately comfortable to run entire operating systems from USB devices such as hard drives or flash drives, especially if there is troubleshoot observed in a machine or recover data from it. USB ports are usually the only ports available on laptops, especially since Wi-Fi has condensed the need for dedicated Ethernet ports. The ubiquity of the interface guarantees supports from major chipmakers, which is from Intel to Qualcomm to AMD. As per the study, Intel's latest chipsets are known for supporting a total of 14 USB ports that were not available on old systems.
In other words, USB devices can be managed by gaining and keeping extensive support from technology companies and the primary USB Type-A connector found on most computers. Since rising to power, various kinds of ports have attempted to challenge USB devices' leading pattern. These usually accomplish success on a small scale or in certain types of devices with the help of features that help USB devices to perform the desired functionality. So far, it is the USB's ubiquity that has kept it dominant till the present time. As a result of this, USB devices have gained traction as high-end external storage products that required a lot of bandwidth.
Main Developments in Market: USB Devices
In September 2019, CORSAIR released cord-setting 4,866MHz Vengeance LPX DDR4 Memory. These are used in computer peripherals of 3rd Gen AMD Ryzen desktop processors and X570 motherboards. The new module was specifically designed and thoroughly tested to accomplish its record-breaking maximum frequency of 4,866MHz on the Ryzen 3000 platform in ASUS ROG Crosshair VIII Formula.
Giant investors such as SanDisk Corporation, Samsung Corporation, Verbatim Americas LLC, Intel Corporation have been known for developing and expertise in USB device manufacturing and technology.
The key players in the USB devices market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Corsair Memory, Inc. (US), ADATA Technology Co., Ltd.(Taiwan), SanDisk Corporation (US), Kingston Technology Corporation (US), Toshiba Corporation (Japan), Samsung Corporation (South Korea), Micron Consumer Products Group Inc. (US), Verbatim Americas LLC.(Japan), Imation Corporation (US), Transcend Information Inc.(Taiwan), Teclast Electronics Co., Ltd.(China), Netac Technology Co., Ltd.(China), Intel Corporation(US), and Koninklijke Philips N.V. (Netherlands). These players contribute a significant share in the growth of the global USB Devices market.
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