Global USB Extender Market 2021 Forecast Analysis by 2029: ATEN International Co., Ltd, Extron Electronics, Advantech Co., Ltd, Shenzhen Langheng Technology Co

USB Extender Market Snapshot:

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.
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.

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.

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. On the other hand, USB 2.0 and USB 1.0 also held a substantial share in the market owing to the increasing penetration of computer peripherals in the market. The government of India is also taking the initiative to drive digitalization through programs including “National Knowledge Network” and “National Optic Fiber Network”, which has emerged as one of the crucial factors in the upswing of the electronics sector, driving the USB extender market in near future.

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.

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The Major Prominent 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. The current business environment is highly competitive in nature, witnesses intense rivalry between the main players to achieve market supremacy. Thus facilitating increasing market growth through strategic measures such as partnerships, mergers, and acquisitions. Industry participants have entered into strategic alliances to strengthen their product range and regional reach with suppliers and distributors.

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 2021-2029. 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.

Impact of COVID-19 -
COVID-19 has emerged as a global public health emergency that has set back the development of the global USB extender market. Globally, leading brand hypermarkets, stores, and showrooms have remained shut, impacting sales of different consumer electronics goods. As a result of the lockdown steps, businesses around the world have embraced remote work as a tool to continue their business processes. Work from home (WFH) has contributed to a rise in demand for computers, laptops, and peripherals for employees which is a positive sign for market growth.

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Key Questions Answered in The Report:
What will the USB Extender market growth rate?
What are the key factors driving the global USB Extender market?
Who are the key manufacturers in the USB Extender market space?
What are the market opportunities, market risk, and market overview of the USB Extender market?
What are sales, revenue, and price analysis of top manufacturers of the USB Extender market?
Who are the distributors, traders, and dealers of the USB Extender market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the USB Extender Industry?
What are sales, revenue, and price analysis by regions of USB Extender industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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.

Key USB Extender Market Trends:
- The report identifies, determines, and forecasts the Global USB Extender Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the USB Extender Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global USB Extender Market.

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