The global USB Type C market was valued at US$ 380.0 million in 2018 and is set to grow with a double-digit CAGR over the forecast period.
The USB Type-C specification brings a new paradigm that will set the interface technology market on its head. USB Type-C, part of the USB 3.1 specification, includes a new combination of cable and connector that incorporates faster data transmission, as well as accommodating competing interface specifications through different alternative modes. Moreover, it offers power delivery of up to 100 watts, giving device vendors the option of having a single cable to deliver data, audio, video and power.
As the consumer electronics industry is moving rapidly toward device miniaturization and high performance, USB Type C connectors are expected to gain momentum in the coming years. These are reversible connectors that are easy to use and allow users to connect their devices without worrying about orientation (unlike conventional USB connectors). USB-C is a truly universal standard and can be used across a wide range of devices, irrespective of their operating system. So far, USB-C has been used in automotive, consumer electronics, IT equipment, medical devices and other industries, making it more versatile and promising than conventional USB types.
The growth of the USB Type C market is highly governed by its exceptional performance capabilities compared to conventional USB standards. The USB-C can achieve a data transfer rate of more than 10 Gbps. The connector supports various protocols. The USB-C is backward compatible with HDMI, DisplayPort, VGA and other connections from a single USB-C port through the use of adapters. Moreover, these connectors are designed to power even larger devices such as printers, high-resolution monitors and various others. These connectors can provide faster charging and deliver ultra-HD (UHD) to HDMI displays. As a result, USB-C is expected to rapidly replace the existing USB types in the years to come.
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Based on applications, the smartphones & tablets segment is the largest consumer of USB-C connectors. Smartphones are the first to adopt USB-C because of their high emphasis on developing slimmer phones. Using USB-C helps eliminate the traditional 3.5mm audio jack that allows manufacturers to further reduce the thickness of smartphones. Due to the ever-increasing market for smartphones worldwide, the segment would retain its dominant market position throughout the forecast period.
Based on the geography, Asia Pacific governs the overall USB type C market worldwide contributing to over 40% of the global market size. China is the largest market worldwide (in terms of production and consumption) for smartphones, tablets and laptop PCs. Moreover, the country is home to some of the leading smartphone brands that have already embraced to USB-C standard. As a result, the region would continue leading the market throughout the forecast period.
Based on the product type, the global market for USB type C is divided into smartphones and tablets, automobiles, medical devices, computers and laptops, drones and others. The segment of smartphones and tablets had a major share of the global USB Type-C market in 2019 and had a market share of more than 1/2 in the same year. The dominance of smartphones & tablets was due to the early adoption of USB Type-C and the development of slim phones. The growing adoption of smartphones around the globe along with advanced features (e.g. fast charging, elimination of 3.5mm audio jack, fast charging, etc.) are some other key reasons expected to boost segment growth. As a result of these factors, it is estimated that the segment of smartphones and tablets will continue to have a dominant position in the global USB Type-C market during the forecast period.
COVID 19 has left an unparalleled impact on growth of global USB Type C industry. The global USB Type C has witnessed very severe setback like never before. The demand for USB Type C is expected to be plunged by almost 20% in 2020, in terms of both volume as well as revenue. However, with the beginning of unlock process across the world and anticipation of COVID 19 vaccine to be launched during first half of 2020 is expected to bring recovery in demand for USB Type C.
Key questions answered in this report
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Some of the major companies profiled in the report include TE Connectivity Ltd., ON Semiconductor Corporation, Belkin International, Inc., STMicroelectronics NV, Diodes, Inc., Texas Instruments, Inc., NXP Semiconductors N.V., Analog Devices, Inc., Infineon Technologies AG and Microchip Technology, Inc. among others.
Table Of Contents:
Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global USB-C Market
2.1.1 Global USB-C Market, by Application, 2018 (US$ Mn)
2.1.2 Global USB-C Market, by Geography, 2018 (US$ Mn)
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Growing Consumer Electronics Sector Worldwide
3.2.1.2 Higher Performance Benefits of USB-C
3.2.2 Market Restraint
3.2.2.1 Established USB-A Market
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key USB-C Vendors, 2018
Chapter 4 Global USB-C Market, by Application
4.1 Overview
4.1.1 Global USB-C Market Value Share, by Application, 2018 & 2027 (Value, %)
4.2 Industrial Automation
4.2.1 Global USB-C Market Value from Industrial Automation, 2017 – 2027 (US$ Mn)
4.3 Medical Devices
4.3.1 Global USB-C Market Value from Medical Devices, 2017 – 2027 (US$ Mn)
4.4 Accessories & Connectors
4.4.1 Global USB-C Market Value from Accessories & Connectors, 2017 – 2027 (US$ Mn)
4.5 Automotive
4.5.1 Global USB-C Market Value from Automotive, 2017 – 2027 (US$ Mn)
4.6 PCs & Laptops
4.6.1 Global USB-C Market Value from PCs & Laptops, 2017 – 2027 (US$ Mn)
4.7 Smartphones & Tablets
4.7.1 Global USB-C Market Value from Smartphones & Tablets, 2017 – 2027 (US$ Mn)
4.8 Consumer Electronics & Wearables
4.8.1 Global USB-C Market Value from Consumer Electronics & Wearables, 2017 – 2027 (US$ Mn)
4.9 Data Centers
4.9.1 Global USB-C Market Value from Data Centers, 2017 – 2027 (US$ Mn)
4.10 Others (Drones, Robotics etc.)
4.10.1 Global USB-C Market Value from Others, 2017 – 2027 (US$ Mn)
Chapter 5 North America USB-C Market Analysis, 2017 – 2027 (US$ Mn)
5.1 Overview
5.2 North America USB-C Market Analysis, by Application, 2017 – 2027 (US$ Mn)
5.2.1 Market Analysis
5.3 North America USB-C Market, by Country, 2017 – 2027 (US$ Mn)
5.3.1 Market Analysis
5.3.2 U.S.
5.3.2.1 U.S. USB-C Market Value, by Application, 2017 – 2027 (US$ Mn)
5.3.3 Rest of North America
5.3.3.1 Rest of North America USB-C Market Value, by Application, 2017 – 2027 (US$ Mn)
Chapter 6 Europe USB-C Market Analysis, 2017 – 2027 (US$ Mn)
6.1 Overview
6.2 Europe USB-C Market Analysis, by Application, 2017 – 2027 (US$ Mn)
6.2.1 Market Analysis
6.3 Europe USB-C Market, by Country, 2017 – 2027 (US$ Mn)
6.3.1 Market Analysis
6.3.2 U.K.
6.3.2.1 U.K. USB-C Market Value, by Application, 2017 – 2027 (US$ Mn)
6.3.3 Germany
6.3.3.1 Germany USB-C Market Value, by Application, 2017 – 2027 (US$ Mn)
6.3.4 France
6.3.4.1 France USB-C Market Value, by Application, 2017 – 2027 (US$ Mn)
6.3.5 Rest of Europe
6.3.5.1 Rest of Europe USB-C Market Value, by Application, 2017 – 2027 (US$ Mn)
Chapter 7 Asia Pacific USB-C Market Analysis, 2017 – 2027 (US$ Mn)
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Chapter 8 Rest of the World (RoW) USB-C Market Analysis, 2017 – 2027 (US$ Mn)
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Chapter 9 Company Profiles
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