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

Technological advancements To Ensure Rapid Growth in the USB Controller Market

Globally, the USB controller market is expected to grow with a CAGR of 15.5% during the forecast period from 2021 to 2029. USB controllers are the devices that supports the communication between a computer and a USB device. These devices are largely adopted across the globe as the demand for external data storage devices and data transfer systems is increasing. The major factors fueling the growth of the USB controllers market are technological advancements, increasing research and development investments to produce and launch new and innovative next generation controllers and increasing demand for flexible and easy to handle devices. Furthermore, customers also look to adopt products that consume less power and can be operated easily without obstructions, which provides the key players with significant growth opportunities in the industry. These and many such factors are currently stimulating the growth of the USB controllers market. However, lack of technical knowledge, high cost of the modern devices and lack of support services in case of damage or technical issues are likely to hamper the growth of this market during the forecast period.

Type C USB controllers are likely to witness a fastest growth during the forecast period

By type, the USB controllers market is segmented into Type A, Type B, and Type C. Type A and B are available in the industry since many years and have established a good market share in the global market. However, companies are now developing and launching Type C controllers, an advanced version of Type A and B. This segment is projected to witness a growth of around 40% during the forecast period. It advanced features such as problem solving capability, high speed and easy connection, small size less power consumption are primarily driving attention of the customers and fueling the growth of this market segment. Companies such as Cypress, Microchip, Zhaoxin and many others are launching Type C USB controllers and contributing to the high growth rate of this market segment.

North America Dominates the Market by Region

USB Controller market is led by North America due to the presence of various key players present in the region. As North America is considered to be a technological hub, large number of advanced products are developed and adopted in this region. In North American market, the US is holding the largest market share followed by Canada and Mexico. However, Asia-Pacific region is expected to be the fastest growing market due to increasing adoption of advanced technologies, expansion of key players in this high growing regional segment, and rapidly growing information technology industry. Countries such as China, and India offer lucrative growth opportunities to the key players operating in the global USB controllers market.

Some of the prominent players operating in the USB Controller market include Cypress Semiconductor, Molex Woodhead, Microchip, ABB, Exar, Maxim, Texas Instruments, Eaton, Silicon Labs, Crouzet Automation, FTDI Chip, Diodes Inc., Panasonic Corporation , Omron Automation, and Fairchild Semiconductor 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 segment calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

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

Unique data points of this report

• Statistics on USB Controller penetration and spending worldwide
• Recent trends across different regions in terms of adoption of USB Controller for various vehicles
• Notable developments going on in type C USB controllers market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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