The United States USB Type-C industry is projected to procure lion’s share over the next 10 years. The market is estimated to gain total sales of US$ 5,429.4 million in 2023.
The global USB Type-C market is predicted to register a CAGR of 23.6% over the forecast period, as per FMI’s analysis. The industry’s volume size is anticipated to increase from 2,351.9 million units in 2023 to 19,570.57 million units by 2033 end.
The high prevalence of USB Type-C is underpinned by the newer versions of phones or laptops that have in-built USB-C ports. The robust adoption of USB Type-C to deliver data and receive or provide power to computing devices is projected to help the device score larger revenues over the forecast period. The growing popularity of this connector in the electronics sphere has caused consumers of other port types to hop onto this technology.
To add to the already rising sales of USB Type-C, the support from European Commission is predicted to be instrumental in the market growth of USB Type-C. The aforementioned Commission is in the quest for implementing a law to coerce mobile phones manufacturers, such as Apple, to embrace USB Type-C as the standard port by the end of 2024.
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Several advantages associated with the use of USB Type-C can be attributed to its surging adoption rate by end-user industries. The user-friendly port design of USB-C enables faster device connection. Additionally, the phenomenal power delivery of the Type-C port helps the phone or laptop regain full battery at a faster speed. The blazing transfer speed of USB-C, i.e., up to 10 Gbps transfer speed, is another beneficial feature promoting the sales of USB Type-C.
Key Highlights of the USB Type-C Market:
New Developments in the Global USB Type-C Market:
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USB Type-C Industry by Categories
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 05, 2023