Press release
USB C Charging Cable Market Share, Statistics, Trends And Forecast 2024 To 2033
USB C Charging Cable Market
The Business Research Company offers in-depth market insights through USB C Charging Cable Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The usb-c charging cable market size has grown rapidly in recent years. It will grow from $2.97 billion in 2023 to $3.5 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to transition to usb-c standard, rising device compatibility, increased data transfer speed, enhanced power delivery, industry standardization.
The usb-c charging cable market size is expected to see rapid growth in the next few years. It will grow to $6.33 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to continued device proliferation, e-commerce growth, increasing connectivity needs, rising consumer expectations, slimmer design and reversible connecto. Major trends in the forecast period include advancements in charging technologies, increased device adoption, fast charging technology, universal compatibility, durability and longevity.
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Market Segmentation:
The usb-c charging cable market covered in this report is segmented -
1) By Port Type: USB 2.0, USB 3.0, USB 3.1, USB 3.2, Other Port
2) By Protocols: DisplayPort, HDMI, MHL, Thunderbolt
3) By Industries: Consumer Electronics, Automotive Media And Entertainment, Telecommunications, Healthcare
4) By Application: Smartphones And Tablets, Personal Computers And Laptops, Digital Cameras, Chargers And Adapters, Media Players, TV
Major Driver - Explosive Growth In Consumer Electronics Fuels The USB-C Charging Cable Market
The rise in consumer electronics is expected to propel the growth of the USB-C charging cable market going forward. Consumer electronics refer to electronic devices and gadgets designed for everyday use by individuals, primarily for entertainment, communication, and productivity purposes. USB-C cables are used to charge and transfer data between various consumer electronic devices that have a USB-C port, including laptops, smartphones, tablets, and gaming consoles. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in the country amounted to $52,365,535 million. Furthermore, the production of consumer electronics in May 2023 rose to $2,178,430 million, showcasing an increase from $1,714,724 million reported in May 2022. Therefore, the rise in consumer electronics is driving the growth of the USB-C charging cable market.
Competitive Landscape:
Major companies operating in the usb-c charging cable market report are Apple Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co. Ltd., Lenovo Group Limited, IKEA Systems B.V., Xiaomi Corporation, Luxshare Precision Industry Co. Ltd., Richtek Technology Corporation, Texas Instruments Incorporated, Koninklijke Philips N.V., STMicroelectronics, Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., ON Semiconductor, Microchip Technology Inc., ROHM Semiconductor, Anker Innovations Limited, Diodes Incorporated, Hirose Electric Group, OnePlus Technology (Shenzhen) Co., Ltd., Silicon Laboratories Inc., Belkin International Inc., Aukey Technology Co. Ltd., Pisen Electronics Co. Ltd., Analogix Semiconductor Inc., Ugreen Group Limited, Satechi Corporation , AmazonBasics, PYS Enterpris
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