According to a recent report published by Future Market Insights, the USB Type C market is expected surpass US$ 127.2 Bn by 2030 at 29.7% CAGR, with applications in the telecommunication industry gaining major market share.
Due to the coronavirus outbreak and the rising need for smartphones, tablets, and laptops to support work-from-home and e-learning needs, the market for USB type C technology is expected to grow globally in 2020, albeit more slowly than in 2019.
Get Sample PDF Brochure @
https://www.futuremarketinsights.com/reports/sample/rep-gb-8618
According to FMI researchers, applications for the telecommunications sector will play a significant role in the industry’s revenue growth for data transmission and power delivery systems. On the other hand, market participants face competition from various alternative technologies like micro-USB.
Due to efforts made by manufacturers in the consumer electronics and industrial electronics sectors to standardise component specifications, the USB type C market is anticipated to experience exponential expansion over the course of the research period. Additionally, the expected spike in demand for electric vehicles would ultimately improve market dynamics.
Even if the market for USB type C is predicted to grow even further, concerns with voltage fluctuations and heat dissipation in automotive applications continue to be significant problems for industry participants.
The study by FMI covers a comprehensive overview of the industry, discussing key dynamics of the market. Some of the critical takeaways of the report include:
- The USB type C market was valued at 15.9 Bn in 2022, with growth in demand marginally impacted during the coronavirus outbreak, with supply chain disruptions.
- Telecommunication industry applications of USB type C products contribute substantially to revenues, with the development and implementation of power delivery and connector technologies.
- Smartphone and tablet applications of USB type C technology is reflecting higher demand than computers, cameras, TVs, and media players. However, charger and adapter applications are likely to reflect faster growth through 2030.
- North America remains a major market, supported by demand for smartphone charging and internet applications. However, East Asia is generating lucrative growth opportunities with investments in production facilities from international players, and growing focus on industrial and automotive electronics.
Browse Detailed Summary of Research Report @
https://www.futuremarketinsights.com/reports/usb-type-c-market
Covid-19 Impact on USB Type C Market
The increasing penetration and use of smartphones, tablets, and laptops, as well as the rise in data transmission and power consumption applications in the consumer electronics industry, have continued to be major drivers of the USB type C market. However, it is predicted that the coronavirus pandemic will have a negligible short-term effect on the market.
Due to the limitations put in place by governments all over the world, the industry is anticipated to see problems with the supply of components and raw materials.
However, it is projected that the popularity of remote learning choices and the trend toward home-based business models would increase application and demand for USB type C goods.
USB Type-C Industry Survey
USB Type-C Market by Protocol:
- DisplayPort
- HDMI
- MHL
- Thunderbolt
- USB Audio over USB Type-C
USB Type-C Market by Application:
- Smartphones & Tablets
- Personal Computers & Laptops
- Digital Cameras
- TVs
- Chargers & Adapters
- Media Players
- Others
USB Type-C Market by Industry:
- Consumer Electronics
- Automotive
- Media & Entertainment
- Telecommunications
- Healthcare
- Others
USB Type-C Market by Region:
- North America USB Type-C Market
- Latin America USB Type-C Market
- Europe USB Type-C Market
- East Asia USB Type-C Market
- South Asia & Pacific USB Type-C Market
- Middle East & Africa (MEA) USB Type-C Market
Request For TOC @
https://www.futuremarketinsights.com/toc/rep-gb-8618
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.
Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs