USB Cable Market Research, 2031
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.
Segment Overview
The usb cable market is segmented into Type, Functionality, Product Type, Application, Industry Vertical and Charging Power Delivery.
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.
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.
By Application
Computer segment is projected to expand at the highest CAGR during the forecast period.
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, by Type Report Highlights
| Aspects | Details |
 By Type |
|
 By Functionality |
|
 By Product Type |
|
 By Application |
|
 By Industry Vertical |
|
 By Charging Power Delivery |
|
 By Region |
|
 Key Market Players | Nikon Corporation, Panasonic Corporation, Luxshare Precision Industry Co., Ltd., InMusic, LLC (ION Audio), Samsung Electronics Co. Ltd., Anker Innovations Technology Co. Ltd., Future Technology Devices International Ltd. (FTDI), FIT Hon Teng Limited (Belkin International, Inc.), Bose Corporation, NI (Digilent, Inc.), Eaton Corporation Plc (Tripp Lite), Advanced Micro Devices Inc.(Xilinx Inc.) |
Analyst Review
According to insights of CXOs of leading companies, USB cables are an important accessory that helps in transferring data quickly and charging devices. USB cables are used to supply electric power and communication between computers, peripherals, and other computers via a wide variety of USB connectors. They are inexpensive and allow connecting multiple devices using a single cable.
With the outbreak of the COVID-19 pandemic, there is a significant demand for USB cables, owing to the remote working strategy adopted by various companies. Besides, it also led to the digitalization of businesses, which in turn, fueled the demand for USB cables for deploying infrastructure.
USB cable market witnesses lucrative opportunities post-pandemic. Hence, market players are adopting necessary methods to improve quality and performance from desktops to critical infrastructure with a view to connecting computers, networking equipment, and electronic devices that form the foundation of the digital world.
For instance, in June 2020, Tripp Lite, a global manufacturer of power protection and connectivity solutions, launched USB-C high-wattage travel-friendly wall chargers that plug into a standard AC outlet and have a USB-C power delivery port for connection to a device charging cable. The models are U280-W01-40C1, U280-W01-50d C1, and U280-W01-60C1-G with power capacities of 40W, 50W, and 60W respectively that use Gallium nitride technology allowing powerful charging in small form factor.
Auto-sensing USB-C charging port quickly charges the latest laptops, tablets, smartphones, and other power devices and chargers protect from overheating, overcurrent, and overcharging. It offers more efficient charging in less space than chargers with silicon technology and is ideal for travel as the plug folds into the housing for easy transport; hence, making it convenient for anyone who carries a charger.
In addition, USB cables find ample use in the industrial sector for digital image processing and clean signal transfer, due to the robust nature of the connector system. Ongoing technological improvements in this low-cost, easy, affordable data transfer system imply that the USB cable market share will undergo significant growth in the coming years.
The upcoming trend of USB standard USB 3.X and USB 4 facilitates faster transfer rates has been directly influencing the growth of universal serial bus (USB) devices market over the forecast period of 2022 to 2031.
Computer and smartphone are the leading application of USB Cable Market.
North America is the largest regional market for USB Cable.
The global USB cable market was valued at $12.73 billion in 2021.
Samsung Electronics Co. Ltd., Eaton Corporation plc (Tripp Lite), and Panasonic Corporation are the top companies to hold the market share in USB Cable.
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