Micro SD Card Adapter Market Research, 2031
The global micro SD card adapter market size was valued at $32.5 million in 2021, and is projected to reach $40.4 million by 2031, growing at a CAGR of 2.4% from 2022 to 2031.
Micro SD card adapter acts as a bridge between card and host device for storing several data such as music files, and video. Micro SD card reader are used in a wide range of applications, such as tablets, PCs, smartphones, and cameras. Continuous advancements in usb micro SD card reader have enhanced functionalities and performance of various types of micro SD card adapter, which, in turn, result in increased productivity, and enhanced quality.
This micro SD card adapter industry is growing, owing to rise in demand for connected devices that need more storage. Technological innovations, particularly Internet of Things, is a significant factor for the market expansion. A number of applications and expanding gaming trend have a positive impact on growth of this market. In addition, rise in labor & energy costs and increase in use of micro SD cards in different applications are expected to contribute toward micro SD card adapter market growth.However, availability of several wireless technologies such as WiFi and Bluetooth hinders the market growth. Conversely, surge in adoption of drones in emerging economies and increase in use in adverse applications are expected to provide lucrative micro SD card adapter market opportunity during the forecast period. The micro SD card adapter market is projected to grow at a good pace in the upcoming years after the recovery from the COVID-19 pandemic.
The micro sd card adapter market is segmented into application.
By application,the micro SD card adapter market outlook is divided into cameras, smartphones, tablets/pcs, healthcare, and others.Cameras segment was accounted for largest micro SD card adapter market share, in 2021.
Region wise, the micro SD card adapter market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific, specifically the China, remains a significant participant in the global micro SD card adapter market forecast. Major organizations and government institutions in the country are intensely putting resources into these usb micro sd card reader.
TOP IMPACTING FACTORS
The market top impacting factors include increase in need for more storage space in camera and surge in adoption of micro SD card adapter in IoT21 devices. In addition, rise in labor & energy costs and increase usage of micro SD card adapter in different applications impact the growth of the market. Furthermore, the market growth is affected by limited shelf life associated with robotic sensors. In addition, emerging trends toward micro SD card acceptance in emerging applications influence the market growth. However, each of these factors is expected to have a definite impact on growth of the market in the coming years.
The key players profiled in this report include Samsung electronics, Sandisk, Fujitsu, Inc., Verbatim, Transcend Information Inc., Kingston Technology, Lexar, UNIREX, Inc., NavionTruck, and Schneider Electric. These players have adopted various strategies such as product launch and merger & acquisition to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- This micro SD card adapter market overview comprises analytical depiction of the global micro SD card adapter market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall global micro SD card adapter market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The global micro SD card adapter market forecast is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
- The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
- The report includes the share of key vendors and market trends.
Micro SD Card Adapter Market Report Highlights
Market Size By 2031
USD 40.4 million
CAGR of 2.4%
2021 - 2031
Key Market Players
Transcend Information, SanDisk Corporation, Schneider Electric, UNIREX, Verbatim, Samsung Electronics Co Ltd, Naviontruck, Longsys, Kingston Technology, Fujitsu Ltd.
The global micro SD card adapter market is anticipated to depict moderate growth during the forecast period, owing to increase in demand for micro SD cards for several applications such as tablets, PCs, smartphones, and cameras. In addition, surge in need for data storage has increased the adoption of micro SD card adapters across various applications.
The micro SD card adapter market exhibits adequate growth in the semiconductor industry. The current business scenario has witnessed increase in demand for micro SD cards, particularly in developing countries, such as China and India, owing to surge in population and rise in demand for smartphones. The market growth is supplemented by proactive industrialization efforts and surge in use of tablets and pcs. These factors have allowed emerging markets to evolve as leading markets during the forecast period, both from demand and supply sides.