Global USB Extender Market 2019 Forecast Analysis by 2023: ATEN International Co., Ltd, Extron Electronics etc.

The global USB extender market is estimated at USD325.5 million in 2020 and is projected to reach USD 357.1 million by 2023, registering a CAGR of 3.1% from 2019 to 2023.

Some of the factors propelling the market growth of USB extenders are portability, convenience, widespread compatibility, higher read and write speed, interoperability across all platforms, and improvements in security in the form of password protection. These are important advantages that have enabled the mass adoption of USB extenders over the years.

USB stands for Universal Serial Bus, which is an industry standard that specifies the cable, connector, and protocols of communication between computers and other electronic devices for connection, communication, and power supply. The multitude of transfer modes it enables is another notable feature, which supports managed, continuous, bulk, and isochronous transfers. Due to the various applications, ease of growth, and production of custom products, the USB device market has experienced a massive expansion in recent years. Sales of USB products are also boosted by the demand for improved networking performance between electronic devices and advanced peripherals. The latest revision of the USB standard 'USB 3.0' allows faster transfer speeds, superior power management features, and higher maximum bus power in terms of technical advances, which is a crucial contributing factor to the success of this industry.

The USB 3.0 segment is foreseen to hold the largest market share in 2020 and is expected to grow with the highest CAGR during the forecast period. USB 3.0 is used in high power, higher bandwidth, and large mass storage application which is common with innovations of cloud-based technology. Also, a faster speed of 4.8 Gbps enables it to complete duplex communication, and increasing the amount of power available to connected devices is the key enhancement in this segment, making it the most favorable USB for industrial usage. Favorable government initiatives focusing on imparting automation and digital technologies in the manufacturing industry have also widened the scope of the USB 3.0 market.

However, security concerns and difficulties in replacing old USB specifications with new ones are major restricting factors in the market. New opportunities for industry participants are being introduced by several innovations in this sector and emerging markets in Asia. Besides, the introduction of the USB 3.1 standard and the ever-increasing need for automotive wireless USB devices are expected to drive the market in near future.

Grab a Free Sample PDF copy of the USB Extender Market Report 2019 @ 
https://straitsresearch.com/report/usb-extender-market/request-sample

The Major Players Covered in this Report: ATEN International Co., Ltd, Extron Electronics, Advantech Co., Ltd, Shenzhen Langheng Technology Co, Icron Technologies Corporation, NOREL Systems Ltd, Lontium Semiconductor Corporation, ADATA Technology Co. Ltd., Corsair Components Inc., Dexxon Group, Samsung Electronics Co., Ltd., SanDisk Corporation and Sony Corporation., & More...

By Type, USB 1.0, USB 2.0, USB 3.0,
By Application, Commercial, Medical, Industrial

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for USB Extender in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global USB Extender market during the forecast period 2019-2023. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of USB Extender and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of USB Extender. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

Emergence of 5G Technology has Benefitted the Commercial Segment: The commercial segment is anticipated to dominate the market in 2020 and it is expected to grow at the highest CAGR during the forecast period. The emergence of advanced technologies such as IoT, cloud computing, and 5G wireless, has helped in improving the efficiency of business processes, further widening digital ecosystems, thereby augmenting the market growth. For instance, the emergence of 5G testing services in various countries such as the U.S., China, Switzerland, and others, coupled with several government initiatives have widely influenced the growth of the telecom sector.

Thriving Electronics and Autonomous Industry: The shift from conventional pen and paper to advanced electronic gadgets has resulted in ensuring the safety and durability of important data. The growth of electronics in the automotive industry is influenced by three determinants, such as electric vehicles, connected autonomous vehicles, and advanced driving assistance systems. Further, several countries are focusing on the adoption of clean energy initiatives for reducing the overall carbon content, which has raised the demand for USB extenders.

View this report with a detailed description and TOC @ https://straitsresearch.com/report/usb-extender-market/toc

Asia-Pacific’s Flourishing Healthcare Sector: Asia-Pacific accounted for the largest market share in 2020 and is expected to dominate the market and is presumed to exhibit the fastest growth in the USB extender market during the forecast period. This is due to the enormous demand for computer peripherals and technologies which is supported by the exponential growth of the IT and Telecom sector. China Mobile is one of the world's largest mobile phone operators with around 800 million subscribers. Also, Prominent telecom players such as Huawei and ZTE hold a strong share in the 5G technology, which eventually has propelled the telecom sector’s growth. In addition to that, Southeast Asian countries such as Indonesia, Malaysia, the Philippines, and others also possess immense potential for the USB extenders market growth due to the burgeoning automotive and telecom sector.

Extensive of Adoption of USB Extenders Among North American Healthcare Facilities: In North America, the increasing transition toward the adoption of digital interfaces and data center-based applications has propelled the market in the region. The growth of the market is also attributed to the usage of USB extenders in medical facilities which need a fast and accurate transfer of data. For instance, Ontario’s MedTech sector is experiencing surging growth with innovations in the medical technologies used in the treatment, mitigation, diagnosis, and prevention of disease.

View Full Report @ 
https://straitsresearch.com/report/usb-extender-market/

Recent Developments:
InSeptember2019, Advantech and Acronis signed a “Global Distribution Agreement” for enhanced IoT cyber protection. With this agreement, Advantech aims to build a secure distribution channel and provide its customers with the benefits of Acronis product quality

In August 2019, ATEN introduced two new models of USB peripherals—the US3310 2-port USB-C Dock Switch and the US3342 2-port USB-C Gen 2 Sharing Switch, facilitating new ways of connecting devices to a computer. Both these models support 85W USB-C Power Delivery 3.0 pass-through.
In June 2019, Extron collaborated with Lifesize, a cloud-based video conferencing services provider, to provide AV control technology for its meeting room systems.
In June 2019, Icron collaborated with Jabra, a manufacturer of the 180-degree Panoramic-4K plug-and-play video camera system, to provide Jabra’s PanaCast teleconferencing cameras an extended reach of USB 3.0 connections up to 100m over a single CAT 6a/7 cable using Icron’s USB 3-2-1 Raven Extender.

Buy Full Report with Detail Analysis with COVID-19 Impact – https://straitsresearch.com/buy-now/usb-extender-market/global/

Would you like to discuss USB Extender Market challenges with the experts at Straits Research?

For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs.

This release was published on openPR.