USB Device Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation

USB Device Market Overviews

USB stands for universal serial bus, and it is an industry standard that specifies the cables, connectors, and communication protocols for connecting, communicating, and powering computers and other electronic devices. Earlier interfaces such as serial and parallel connections, as well as separate power charges for portable devices, were effectively supplanted by USB. Another noteworthy aspect is the wide range of transfer modes it offers, including controlled, continuous, bulk, and isochronous transfers. They allow users to connect up to 127 devices directly or via a USB hub.

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USB Device Market Scope and Methodology:

The growing popularity of modern vehicle entertainment and infotainment systems is pressuring automakers to provide a secure link between the vehicle's display and the consumers' smartphones or tablets. As a result, USB device suppliers for the automotive market are developing USB products that are interoperable with a variety of vehicle systems. Microchip Technology Inc. offers five USB 2.0 smart hub ICs in diverse designs that are simple to use and adapt to the design needs of automobile makers. Furthermore, Microchip Technology Inc. released a USB 3.1 Gen1 Smart Hub IC in February 2019 that enables quicker data rates and reduces indexing times to improve the car user experience.

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USB Device Market Regional Insights

The USB device market is divided into five regions: Europe, North America, Asia Pacific, South America, and the Middle East and Africa. North American region is estimated to dominate the market. Due to telematics initiatives conducted by OEM automakers and government-led programmes in the region, it leads the market for machine-to-machine (M2M) communication modules in the automotive telematics segment, after North America, Europe leads the market. Due to sustained economic growth, growing computing device use, proliferation of smartphones and tablets, and adoption of USB devices for storing, transferring, and sharing content in the area, particularly China, Japan and India, Asia Pacific region is expected to rise rapidly in the next years.

USB Device Market Segmentation

By Type, USB Device Market is segmented into USB 2.0, USB 3.0 and USB 4.0. The USB 3.0 standard is the industry leader and estimated to grow at a CAGR of 20.7%, thanks to its capacity to enable data transfer speeds of 1.25 Gbps to a maximum of 5 Gbps, which is more than 10 times faster than USB 2.0's 480 Mbps speed. USB 3.0 allows for faster data transfer rates, improved power management, and increased maximum bus power, all of which have supplemented to the market's success. USB 3.0 can be connected to a wide range of computers or devices, including tablets, phones, keyboards, flash drives, cameras, and so on, which is helping to promote its market growth.

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USB Device Market Key Players

Corsair Memory, Inc (U.S.)
ADATA Technology Co. Ltd (Taiwan)
Hewlett Packard Company (U.S.)
Western Digital Corporation (SanDisk) (U.S.)
Kingston Technology Corporation (U.S.)
Toshiba Corporation (Japan)
Samsung Corporation (South Korea)
Micron Technology, Inc (U.S.)
Verbatim Americas LLC (U.S.)

Key questions answered in the USB Device Market are:

What is USB Device?
What was the USB Device market size in 2023?
What is the growth rate of the USB Device Market?
Which are the factors expected to drive the USB Device market growth?
What are the different segments of the USB Device Market?
What growth strategies are the players considering to increase their presence in USB Device?
What are the upcoming industry applications and trends for the USB Device Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the USB Device Market?
Who are the leading companies and what are their portfolios in USB Device Market?
What segments are covered in the USB Device Market?
Who are the key players in the USB Device market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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