USB Type C Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

USB Type C Set to Gradually Replace the Previous USB Types

The USB type C market worldwide is expected to grow with a CAGR of 25.7% during the forecast period from 2021 to 2029, starting from US$ 575.3 Mn in 2020. USB Type-C connectors are designed to help manufacturers provide a sleek & slim design for mobile devices and enable robust enough connections for industrial applications. These connectors have reversible interface and can accept a plug from any direction. This offers easy and reliable connection to electronic appliances and devices. USB-C supports wide range of different protocols and is rearward compatible to HDMI, DisplayPort, VGA and various others with the help of adapters. The market growth is highly driven by superior performance features of USB-C over conventional USB types. USB-C are highly convenient to use, offer faster charging & data transfer and compatible with wide range of devices and protocols. Subsequently, USB-C is expected to soon replace the existing USB types, thereby propelling rapid market growth.

Asia Pacific to Register the Fastest Growth

In 2020, Asia Pacific led the USB-C market worldwide with more than 1/3rd of the global market revenue. Majority of the Asian companies have embraced USB-C standard in their premium as well as mid-range phones. Since Asia Pacific is the largest market for smartphones, USB-C has witnessed substantial penetration in smartphones sector in the region. Considering the consistently growing smartphones & tablets industry in Asia Pacific, the region would retain its dominant position in the market, exhibiting highest CAGR through the forecast period.

Some of the prominent players operating in the USB type C market include TE Connectivity Ltd., Belkin International, Inc., ON Semiconductor Corporation, Diodes, Inc., STMicroelectronics NV, Texas Instruments, Inc., Analog Devices, Inc., NXP Semiconductors N.V., Infineon Technologies AG and Microchip Technology, Inc. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of USB type C in 2020 and forecast up to 2029?
• Which is the largest regional market for USB type C?
• What are the major trends followed in overall USB type C across different regions?
• Who are the key USB-C companies leading the market?
• What are the key strategies adopted by the leading USB type C companies in market?

Unique data points of this report

• Statistics on smartphone unit shipment worldwide
• Recent trends across different regions in terms of adoption of USB-C across various applications
• Notable developments going on in USB industry
• Attractive investment proposition for application segment as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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