USB Cable Market

The global USB cable market was valued at $12.73 billion in 2021, and is projected to reach $69.86 billion by 2031, growing at a CAGR of 20.24% from 2022 to 2031.

Universal Serial Bus (USB) is high-speed connectivity and a "plug and play" interface between a computer and peripherals. USB cables are used for communication, data transfer, and to provide power supply from computers to electronic devices. It is used to connect various electronic devices, such as keyboards, mouse, printers, scanners, cameras, and others. The USB cable market is also experiencing rapid growth due to the replacement of serial and parallel ports. The surge in demand for consumer electronics is the prime reason that drives the growth of the USB cable industry during the forecast period. Further, the rise in penetration of Video on Demand, video conferencing, gaming, and home surveillance devices accelerates the USB cable market growth rapidly. Moreover, the increase in the number of data centers, is opportunistic for market growth. Considering these factors, the USB cable market is estimated to experience rapid growth in the future. Some of the other drivers for the USB cable market are technological developments of USB and the emergence USB 4. The automotive industry offers a lucrative growth opportunity for the USB cable market. Also, the emergence of USB type C provides impetus to market growth. However, security issues from USB act as a major restraint for the USB cable market growth.

The outbreak of COVID-19 has significantly impacted the growth of the USB Cable market in 2021, owing to a significant impact on prime players operating in the supply chain. However, the rise in investment in commercial & automotive expenditure globally is acting as one of the major factors that propelled the market growth during the COVID-19 pandemic. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdown, globally. Furthermore, the surge in demand for consumer electronics and increase in number of data centers in the USB cable globally is strengthening the USB cable market globally post COVID-19. Asia-Pacific is a crucial market for the adoption of USB cables due to the penetration of video on demand, video conferencing, gaming, and home surveillance devices. For market participants, obtaining raw materials is one of their top priorities, with time and shipping prices as the two main factors. However, COVID-19's adverse effect on USB cable market growth is anticipated to be limited in scope and disappear by the end of 2020 since post-pandemic demand for USB cable products is anticipated to soar significantly.

The usb cable market is segmented into Type, Functionality, Product Type, Application, Industry Vertical and Charging Power Delivery.

On the basis of type, it is fragmented into USB type A, USB type B, and USB type C.

On the basis of functionality, the market is segregated into USB 1.x, USB 2.0, USB 3.x, and USB 4.

By product type, the market is divided into USB data cable, USB charger, and multifunctional USB cable.

On the basis of application, the market is categorized into smartphone, camera, camcorder, printer, scanner, computer, TV, and others.

On the basis of industry vertical, the market is categorized into commercial, IT & telecommunication, industrial, automotive, healthcare, and others.

On the basis of charging power delivery, the market is categorized into 0.5 To 15 W, 15 To 27 W, 27 To 45 W, 45 To 100 W and 100 To 240 W.

Region wise, the USB cable market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, 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 USB cable market is expected to grow at the highest rate during the forecast period.

Significant factors that impact the growth of the USB cable market size include the surge in demand for consumer electronics, a rise in penetration of video demand, video conferencing, gaming, and home surveillance devices, and an increase in the number of data centers. However, USB poses security issues that hampers USB cable market share. On the contrary, potential opportunities in automotive industry, and emergence of USB type C poses lucrative opportunities for USB cable market forecast.

Competitive analysis and profiles of the major USB cable market players that have been provided in the report include, Bose Corporation, Eaton Corporation plc (Tripp Lite), FIT Hon Teng Limited (Belkin International, Inc.), Future Technology Devices International Ltd. (FTDI), inMusic, LLC (ION Audio), NI (Diligent, Inc.), Nikon Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., and Xilinx Inc.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the USB cable market analysis from 2021 to 2031 to identify the prevailing USB cable market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the USB cable market overview assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global USB cable market trends, key players, market segments, application areas, and market growth strategies.

 USB Cable Market Report Highlights