USB, short for universal serial bus, is an industry standard that defines the cable, connector, and communication protocols stated for connection, communication, and power supply between computers and other electronic devices. USB effectively replaced a variety of earlier interfaces such as serial and parallel ports as well as separate power chargers for portable devices. Another notable feature is the multitude of transfer modes it facilitates, which supports controlled, continuous, bulk, and isochronous transfers. They allow consumers to connect up to 127 devices, either directly or through the use of a USB hub. Moreover, these devices are much faster since they support data transfer rates of 12 Mbps for disk drives and other high-speed throughput and 1.5 Mbps for devices which need less bandwidth. Important benefits which have encouraged their mass adoption over the years include the ease with which they can be used, portability, convenience, widespread compatibility, higher read and write speed, interoperability across all platforms, and improvements in security in the form of password protection or encryption/decryption.

The USB device market has been experiencing massive expansion in the recent years owing to the technology’s numerous applications, ease of development, and manufacturing of custom products. Also, demand for better connectivity performance between electronic devices and advanced peripherals is boosting the sales of USB devices. In terms of technological advancements, the recent revision of USB standard “USB 3.0” facilitates faster transfer rates, superior power management capabilities, and higher maximum bus power which has been a prominent contributing factor to this market’s success. However, security issues and difficulties in replacing old USB standards with new ones is limiting the market. Several developments in this field and emerging markets in Asia are introducing new opportunities for industry participants/ manufacturers. Moreover, the launch of USB 3.1 standard and the ever-increasing need for wireless USB devices in the automotive industry are expected to drive the market in the future. 

The global USB devices market is segmented based on its device standard type into the USB 1.0, USB 2.0, and USB 3.0 categories. Among these, USB 3.0 standard is dominating the market driven by its capability to provide data transfer rates of 1.25 Gbps to a maximum of 5 Gbps, which is over 10 times faster than the 480 Mbps speed offered by USB 2.0. Applications of the USB device include computer peripherals, laptops, mass storage devices, cameras, telephones, audio devices, and others. In terms of geography, the global market is distributed over Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Europe leads the market, due to the mounting demand for machine-to-machine (M2M) communication modules in the automotive telematics segment caused by telematics initiatives undertaken by OEM automakers and government-led programs in the region. Asia Pacific is predicted to experience swift growth in the next few years as well, due to the steady economic growth, escalating consumption of computing devices, proliferation of smartphones and tablets, and adoption of USB devices for storing, transferring, and sharing content in the region, particularly China and India.
The global USB device market is highly competitive in nature and marked with the presence of several international and domestic key players. Top companies include Corsair Memory, Inc., ADATA Technology Co., Ltd., Hewlett-Packard Development Company, SanDisk Corporation, Kingston Technology Corporation, Toshiba Corporation, Samsung Corporation, Micron Consumer Products Group Inc., Verbatim Americas LLC, Imation Corporation, and Transcend Information Inc. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Usb Devices Market

Pre Book