In recent period, there is remarkable growth in the use of various consumer devices such as smartphones, laptops, and tablets. This factor is stimulating demand opportunities for vendors working in the global USB type-C market. As a result, the market is showing upward graph of sales. USB-C refers to an industry-standard connector that is majorly used to transmit both power and data using a solitary cable.
TMR’s upcoming research report on the global USB type-C market is an inclusive study of vital factors influencing the market growth. Thus, the report includes analysis of opportunities, drivers, restraints, and challenges in the market for USB type-C. This aside, the report performs discussion on competitive landscape and the regional analysis of this market. Thus, the report works as a precious guidebook on the USB type-C market during the tenure of 2020 to 2030.
The report performs segmentation of the global USB type-C market based on various key factors such as product type, types of protocols, application, and region. Based on types of protocols, the market is bifurcated into thunderbolt, HDMI, DisplayPort, USB Audio over USB Type-C, and MHL.
USB type-C interfaces are gaining popularity in all worldwide locations as they allow for speedy as well as safer data sharing using a USB type-C port. The global USB type-C market is growing on the back of increased demand for products from this market from various end-use industries. USB type-C finds application in various sectors including wireless, computing, automotive, consumer electronics, and robotics. Owing to this scenario, the global USB type-C market is expected to grow at rapid pace in the forthcoming years.
Among all end-use industries, the global USB type-C market is estimated to gain promising sales opportunities in automotive sector. Key reason behind this growth is recent technological developments in the automotive infotainment systems. Consumers today are inclined towards using automobiles that are equipped with highly developed in-car infotainment features. This factor is stimulating growth opportunities in the global USB type-C market.
The global USB type-C market is consolidated in nature. While the market experiences presence of many well-entrenched players, it is also witnessing the entry of new players. This situation makes the competitive landscape of the market for USB type-C extremely intense. To maintain their leading market position, several vendors are focused on advancing the operability and flexibility of their products. At the same time, many enterprises are engaged in the launch of new products. All these activities connote that the USB type-C market is expanding at rapid pace.
The list of key players in the global USB type-C market includes:
The global USB type-C market shows presence in six important regions, namely, North America, Western Europe, Eastern Europe, Latin America, Asia Pacific, and the Middle East and Africa. Among all regions, Asia pacific is one of the prominent regions of the market for USB type-C. Key factor supporting this growth is remarkable production and demand for consumer electronic products in this region. The Asia Pacific USB type-C market is expected to gain sustainable opportunities for growth owing to growing urbanization and increasing use of smartphones in this region.