Press release
Explosive Growth In Consumer Electronics Fuels The USB-C Charging Cable Market: Major Factor in the Transformation of the USB-C Charging Cable Market in 2025
USB C Charging Cable Market Size
The market size of the USB-C charging cable has seen significant expansion in recent times. It is expected to rise from $3.5 billion in 2024 to $4.14 billion in 2025, with a compound annual growth rate (CAGR) of 18.2%. The historical growth surge is traced back to the adoption of the USB-C standard, improvement in device compatibility, a surge in data transfer speed, superior power delivery, and uniform industry standards.
The market for USB-C charging cables is projected to expand significantly in the coming years, reaching a value of $8.06 billion in 2029, at a compound annual growth rate (CAGR) of 18.1%. This predicted growth during the forecast period can be associated with various factors such as the continued widespread use of devices, the expansion of e-commerce, heightened connectivity requirements, enhanced consumer demands, sleeker design and the convenience of a reversible connector. The projected period is also expected to witness certain trends like advancements in charging technology, increased usage of devices, the advent of fast charging tech, universal compatibility, and improved durability and lifespan.
What Key Elements Are Boosting Growth in the USB-C Charging Cable Market?
Consumer electronics' surging popularity is believed to bolster the USB-C charging cable market's growth moving forward. Consumer electronics are essentially electronic devices and gadgets intended for daily use by individuals, predominantly for entertainment, communication, and increased efficiency. USB-C cables are utilised to charge and move data between various consumer electronic devices that come with a USB-C port, such as laptops, smartphones, tablets, and gaming consoles. For example, the Japan Electronics and Information Technology Industries Association, a trade association based in Japan, reported in May 2023 that electronic equipment production in the country reached a whopping $52,365,535 million. Moreover, consumer electronics production in May 2023 swooped up to $2,178,430 million, reflecting an increase from $1,714,724 million reported in May 2022. Hence, the bolstering of consumer electronics is fueling the growth trajectory of the USB-C charging cable market. Increasing e-commerce activities are anticipated to push forth the growth of the USB-C charging cable market moving forward. E-commerce basically covers all sales and purchases of goods and services over the Internet. It encompasses a vast array of online activities, including online shopping, electronic payments, and digital advertising. In the USB-C charging cable market, e-commerce is pivotal in expanding product accessibility and offering customers a convenient platform to compare and purchase a variety of options. For example, according to the US Census Bureau, a subsidiary of the US Department of Commerce, U.S. retail e-commerce sales amounted to an estimated $271.7 billion in the third quarter of 2023. This marked a 0.9% increase from the previous quarter. Furthermore, when compared to the third quarter of 2022, e-commerce sales saw a 7.8% (±1.2%) increase and total retail sales saw a 2.0% increase during the same period. Hence, the burgeoning of e-commerce activities is stimulating the growth of the USB-C charging cable market.
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Who Are the Major Industry Players Fueling USB-C Charging Cable Market Expansion?
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
Which Key Developments Are Influencing the USB-C Charging Cable Market?
Trend 1:
Main players in the USB-C charging cable market are intensifying efforts to roll out charging power delivery technologies as a strategy to stay ahead in the market. This is a fast-charging technology centered on the USB-C standard. A case in point is September 2023 when a German semiconductor manufacturing corporation, Infineon Technologies, introduced an Electronically-Marked Cable Assembly (EMCA) with Extended Power Range (EPR) defensive mechanism up to 54 V for inactive USB-C cables. This novel controller, equipped with an adaptable 47-byte storage space, operates within a 2.7 to 5.5V CONN supply range, guaranteeing smooth compatibility with a variety of USB-C devices and cables.
Companies are leading the transition to more sustainable innovation in the USB-C charging cable market by concentrating their efforts on creating novel products such as bio-based USB-C charging cables. These new cables are produced using plant-based materials like corn and sugarcane, replacing conventional petroleum-based plastics. To illustrate, in September 2022, Anker Innovations Co Ltd, an electronics manufacturing enterprise based in China, unveiled its Bio-based USB-C Charging Cables. Anker's Bio-based USB-C Cables are tailored to fit a wide range of needs, with two lengths (3ft and 6ft) and the capacity to work with diverse devices via both USB-C to USB-C and USB-C to Lightning variations. Anker's Bio-based USB-C cables are designed for fast charging, thereby powering devices rapidly and effectively.
How Is the Segmentation of the USB-C Charging Cable Market Defined?
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
Subsegments:
1) By USB 2.0: Standard USB 2.0 Type-C Cables, High-Speed USB 2.0 Type-C Cables
2) By USB 3.0: USB 3.0 Type-C Cables, USB 3.0 SuperSpeed Type-C Cables
3) By USB 3.1: USB 3.1 Gen 1 Type-C Cables, USB 3.1 Gen 2 Type-C Cables
4) By USB 3.2: USB 3.2 Gen 1 Type-C Cables, USB 3.2 Gen 2 Type-C Cables
5) By Other Port: Thunderbolt 3 Type-C Cables, USB 4.0 Type-C Cables
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What Is the Leading Region in the USB-C Charging Cable Market?
North America was the largest region in the usb-c charging cable market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the usb-c charging cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The USB-C Charging Cable Global Market Report?
- Market Size Analysis: Analyze the USB-C Charging Cable Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the USB-C Charging Cable Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall USB-C Charging Cable Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the USB-C Charging Cable Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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