USB Devices Market Size was valued at USD 32.28 billion in 2023 and is expected to reach USD 71.85 billion by 2031 and grow at a CAGR of 10.52 % over the forecast period 2024-2031.
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.
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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.
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.
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.
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
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.
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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
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.
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| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 32.28 Billion |
| Market Size by 2031 | US$ 71.85 Billion |
| CAGR | CAGR of 10.52 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| 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. |
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
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