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USB Cable Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
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Innovation of super speed USB cables are expected to drive the global universal serial bus (USB) cable market over the next few years. This USB cable with latest technology will provide enhanced speed and performance like transferring files from 480 Mbps to 10 Gbps and above. Moreover, other factors like improved power efficiency, interoperability of power supply are expected to drive the global universal serial bus (USB) cable market over the next few years. Latest innovation and growth in wireless technology is key factor restraining the global universal serial bus (USB) cable market over the next few years. Internal substitutes like the Type C USB cable has replaced traditional used USB cables and thus latest devices are no longer compatible with the traditional used USB type, thus restraining the market further.
The global universal serial bus (USB) cable market has been segmented by type and application. The Universal Serial Bus (USB) cable market by type has been further segmented into lighting, USB C, Micro USB, USB 2.0 (male), USB 2.0 (female), USB 3.0 (Male), USB 3.0 (female), MICRO B, MINI B, 30 PIN and USB B. Further the global universal serial bus (USB) cable by application has been further segmented into portable smart computing devices, digital camera, USB charger, hardware (keyboard, mouse, printer, scanner, others). In terms of revenue in 2015 Micro USB cable accounted for the largest market share in the global universal serial bus (USB) cable market segmented by type. Micro USB cables are used in smart phones, tablets, hard drive and digital cameras. Thus with the rise in consumption of these consumers electronics the demand for USB cable is also expected to grow over the next few years. USB 2.0 (female) accounted for the send largest market share in 2015. In 2015, portable smart computing devices accounted for the largest market share in the USB cable market in terms of revenue.
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Geographically the global universal serial bus (USB) market has been broadly segmented into Asia Pacific, Rest of World (RoW), North America and Europe. North America accounted for the largest market share in 2015 owing to wide adoption and market penetration of smart computing devices in the region. Asia Pacific is the most attractive region for the global universal serial bus (USB) market due to presence of large volume markets like China, India and Singapore. Europe followed North America in the global universal serial bus (USB) market in 2015.
The key players operating in the global universal serial bus (USB) market includes Tripp Lite, Nikon Corporation, Digilent Inc, Samsung Electronics Co., Xiling Inc., Future Technology Devices International Ltd., Belkin, Sony Corporation, Digtus, Hardwaresecrets, ION Audio, Bose Corporation and Panasonic Corporation among others.
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