image

Report Scope & Overview:

USB Devices Market Size was valued at USD 27.18 billion in 2022 and is expected to reach USD 55.78 billion by 2030, and grow at a CAGR of 9.4% over the forecast period 2023-2030.

USB, which stands for universal serial bus, is an industry standard that specifies the cable, connector, and communication protocols used to connect, communicate, and power electronic devices. USB effectively replaced a variety of earlier interfaces such as serial and parallel ports, as well as portable device power chargers. Another notable feature is the wide range of transfer modes it supports, including controlled, continuous, bulk, and isochronous transfers. They enable consumers to connect up to 120 devices, either directly or via a USB hub. Furthermore, these devices are much faster, with data transfer rates of 12 Mbps for disc drives and other high-speed throughput devices and 1.5 Mbps for devices that require less bandwidth. 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 are all important benefits that have encouraged their widespread adoption over the years. The USB devices market has grown dramatically in recent years as a result of the technology's numerous applications, ease of development, and manufacturing of custom products. Furthermore, increased demand for improved connectivity performance between electronic devices and advanced peripherals is driving up sales of USB devices. In terms of technological advancements, the recent revision of the USB standard "USB 3.0" enables faster transfer rates, superior power management capabilities, and higher maximum bus power, which has been a significant contributing factor to the success of this market.

USB Devices Market Revenue Analysis

To get more information on USB Devices Market - Request Sample Report

MARKET DYNAMICS:

KEY DRIVERS:

  • Rising demand for better connectivity between electronic devices.

  • Growing demand for consumer electronics.

RESTRAINTS:

  • Rising concerns about security.

OPPORTUNITIES:

  • USB advancements.

  • increasing adoption of USB type-C.

CHALLENGES: 

  • The difficulty of replacing old USB standards with new ones.

IMPACT OF COVID-19: 

The COVID-19 hampered the adoption of USB devices in 2020 by impeding sales in industries such as electronics and automotive due to the impact on supply lines. Meanwhile, the adoption of USB devices in IT & telecom and healthcare has been reported to be on the rise, owing to a strong emphasis on remote working and remote learning practices in response to an increase in the number of patients across hospitals as a result of COVID-19. However, beginning in the first quarter of 2021, the automotive and electronics industries' supply lines began to stabilise, and revenue from these industries increased, propelling the USB devices market.

Based on type, the USB devices market is segmented into USB 1.0, USB 2.0, USB 3.0, and Others. The USB 3.0 segment held the largest market share in 2021 and is expected to grow at a 10.2 percent CAGR during the review period.

Based on product, the USB devices market is segmented into Webcam, Memory Card Readers, Computer Peripherals, USB Flash Drives, Digital Audio Players, Scanners & Printers, and Others.

Based on connector type, the USB devices market is segmented into Type A, Type B, Type C, and Lightning Connector. USB Type-C's technological advancements are likely to broaden its application in the medical industry. To stay ahead of the competition, prominent players are heavily investing in the development of next-generation USB devices. Growing ageing demographics, combined with an increase in demand for early-stage diagnosis of chronic diseases, are driving up demand for medical imaging equipment globally, resulting in increased demand for next-generation USB Type-C devices. As a result, such an increase in the use of USB Type-C systems, particularly in the medical device manufacturing industry, is expected to provide growth opportunities for USB device market players in the coming years.

Based on application, the USB devices market is segmented into Consumer Electronics, Automotive, IT & Telecommunication, Healthcare & Medical Devices, and Others. The IT & telecommunications segment is expected to have the largest market share during the review period.

MARKET SEGMENTATION:

By Type

  • USB 1.0

  • USB 2.0

  • USB3.0

  • Others

BY PRODUCT

  • Webcam

  • Memory Card Readers

  • Computer Peripherals

  • USB Flash Drives

  • Digital Audio Players

  • Scanners & Printers

  • Others

BY CONNECTOR TYPE

  • Type A

  • Type B

  • Type C

  • Lightning Connector

BY APPLICATION

  • Consumer Electronics

  • Automotive

  • It & Telecommunication

  • Healthcare & Medical Devices

  • Others

USB Devices Market Segmentation Analysis

To Get Customized Report as per your Business Requirement - Request For Customized Report

REGIONAL ANALYSIS:

The global market for USB devices has been studied in Asia-Pacific, North America, Europe, and the Rest of the World. Asia Pacific held the largest market share in the historic year. The major USB device market companies based in the United States and the United Kingdom are expanding their operations in Asia-Pacific. Furthermore, government initiatives to promote digitization and thriving digital platforms are factors in Asia-Pacific developing countries.

The European USB device market is experiencing high demand for USB device security and data storage solutions. The region has seen tremendous growth in the IT sector, resulting in massive amounts of data being generated. The market is also being driven primarily by the rise of IT industries, which are increasing the use of USB devices such as keyboards, mice, chargers, smartphones, and projectors.

North America is the largest revenue contributor to the global market for USB devices. Because of the increasing demand for better connectivity performance between electronic devices, the region is expected to grow significantly over the forecast period. The widespread adoption of this technology in North America can be attributed to global standards.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The key players in the USB devices market are Corsair Memory, Sandisk Corporation, Toshiba Corporation, Micron Consumer Products Group, Transcend Information, Adata Technology, Kingston Technology Corporation, Samsung Electronics, Verbatim Americas, and Intel Corporation & Other Players.

Toshiba Corporation-Company Financial Analysis

USB Devices Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 27.18 Billion
Market Size by 2030 US$ 55.78 Billion
CAGR CAGR of 9.4% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (USB 1.0, USB 2.0, USB3.0, Others)
• By Product (Webcam, Memory Card Readers, Computer Peripherals, USB Flash Drives, Digital Audio Players, Scanners & Printers, Others)
• By Connector Type (Type A, Type B, Type C, Lightning Connector)
• By Application (Consumer Electronics, Automotive, It & Telecommunication, Healthcare & Medical Devices, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Corsair Memory, Sandisk Corporation, Toshiba Corporation, Micron Consumer Products Group, Transcend Information, Adata Technology, Kingston Technology Corporation, Samsung Electronics, Verbatim Americas, and Intel Corporation.
Key Drivers • Rising demand for better connectivity between electronic devices.
• Growing demand for consumer electronics.
RESTRAINTS • Rising concerns about security.

Frequently Asked Questions

The market value is expected to reach USD 55.78 billion by 2030.

Rising concerns about security is limiting the  USB devices Market's expansion.

The key players in the USB devices market are Corsair Memory, Sandisk Corporation, Toshiba Corporation, Micron Consumer Products Group, Transcend Information, Adata Technology, Kingston Technology Corporation, Samsung Electronics, Verbatim Americas, and Intel Corporation.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

  

8. USB devices Market Segmentation, by type

8.1Introduction

8.2 USB 1.0

8.3 USB 2.0

8.4 USB3.0

8.5 Others

9. USB devices Market Segmentation, by product

9.1Introduction

9.2 Webcam

9.3 Memory Card Readers

9.4 Computer Peripherals

9.5 Usb Flash Drives

9.6 Digital Audio Players

9.7 Scanners & Printers

9.8 Others

10. USB devices Market Segmentation, by connector type

10.1 Introduction

10.2 Type A

10.3 Type B

10.4 Type C

10.5 Lightning Connector

11. USB devices Market Segmentation, by application

11.1 Introduction

11.2 Consumer Electronics

11.3 Automotive

11.4 IT & Telecommunication

11.5 Healthcare & Medical Devices

11.6 Others

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

13.Company Profiles

13.1 Samsung Electronics

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Corsair Memory

13.3 Sandisk Corporation

Tosh13.4 iba Corporation

13.5 Micron Consumer Products Group

13.6 Transcend Information

13.7 Adata Technology

13.8 Kingston Technology Corporation

13.9 Verbatim Americas

13.10 Intel Corporation

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

15.Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone