USB Type-C Market Trends 2023 | Segmentation, Outlook, Industry Report to 2033

 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.

Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-8618

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: 

  • 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. By 2033, the United States sales of USB Type-C are predicted to reach US$ 36,829.28 million.
  • Germany is anticipated to cross sales worth US$ 1,411.1 million by 2023 end, resulting in its prominent position in the European market. The market growth in the country is predicted to be a result of its technology-savvy population.
  • In East Asia, China is expected to record remarkable sales over the forecast period. The country is assessed to witness product sales worth US$ 1,984.6 million by 2023. The rising young population in the country is projected to be instrumental in the market growth in China.

New Developments in the Global USB Type-C Market:

  • In December 2022, STMicroelectronics introduced the X-CUBE-TCPP software pack that enhances the portfolio of USB Type-C STM32 interface IP (intellectual property) and port-protection ICs. The new launch helps simplify the sustainable product design leveraging the USB Power Delivery.
  • In February 2021, STMicroelectronics launched the USB Type-C Power Delivery 3.0 version reference design, in addition to Programmable Power Supply (PPS). These new developments are projected to facilitate compact, easy-to-use, and efficient power adapters to accelerate to up to 27W with 0 power operation. USB PPS helps save power, and lessen heat dissipation and device-charging times to cut costs on the device side.

USB Type-C Industry by Categories

USB Type-C Market by Application:

  • Smartphones & Tablets
  • Personal Computers & Laptops
  • Digital Cameras
  • TVs
  • Chargers & Adapters
  • Media Players
  • Others

USB Type-C Market by Industry:

  • Consumer Electronics
  • Automotive
  • Media & Entertainment
  • Telecommunications
  • Healthcare
  • Others

USB Type-C Market by Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Comments

Post a Comment

Popular posts from this blog

Integrated Microwave Assembly Market 2023 | Increasing Demand for Efficient Management Practices Report 2030

The study focuses on the important market growth factors as well as the obstacles that industry participants face. The  Integrated Microwave Assembly Market  research study also includes global market size and predictions. In addition, the study examines the competitive environment, important players, and strategies. The research's competitive landscape section looks at the most recent market changes. This research report examines the international market in terms of product type, end user, and main geographical areas. Integrated Microwave Assembly Market Size was valued at USD 1.58 billion in 2022 and is expected to reach USD 2.67 billion by 2030, and grow at a CAGR of 6.7% over the forecast period 2023-2030. The most recent Integrated Microwave Assembly market research offers full information on worldwide business, industry trends, and significant industry numbers for leading manufacturers. Expert guidance is included in the report to assist clients focus and make better distribu
Read more

DC Chargers Market Research Report 2023 to Global Forecast till 2030

  Power Strip Market  Size was valued at USD 11.65 billion in 2022 and is expected to reach USD 17.75 billion by 2030, and grow at a CAGR of 5.4% over the forecast period 2023-2030. A comprehensive and concise analysis report of the main competitor and pricing statistics, with the goal of assisting newcomers in establishing and surviving in the market. It also focuses on the market's outlook for the next few months. This was extremely beneficial to business owners. This extensive market research is heavily reliant on information gleaned from key leader interviews, research, and innovative resources. It includes financial losses incurred as a result of COVID-19 in addition to the information presented in this report on the Power Strip market. It also explains how the major business sectors in the market are dealing with the epidemic and how to avoid it. This market report is a well-organized presentation of accurate company profiles and competitiveness analyses. It forecasts mar
Read more

Waveguide Market : Notable Developments & Geographical Outlook 2023 to 2030

  The Waveguide Market size was valued at USD 6.5 billion in 2022 and is expected to grow to USD 11.33 billion by 2030 and grow at a CAGR of 7.2 % over the forecast period of 2023-2030. The Waveguide Market study includes an overview of the market segment, size, share, sectional analysis, and revenue forecast, as well as a comprehensive analysis. It examines market factors, industry trends, market dynamics, and the top competitors' strengths and weaknesses. The study delves deeply into market competition, constraints, revenue forecasts, opportunities, shifting trends, and industry-validated data. The research begins with an overview of the industrial chain structure before delving deeper into the upstream. Request a Sample Of This Report @  https://www.snsinsider.com/sample-request/3713   The Waveguide market research study provides vital statistics on the industry's current state and serves as a valuable source of guidance and direction for businesses and individuals intereste
Read more