Insights on the USB Cable Global Market to 2030 - Opportunity Analysis and Industry Forecasts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "USB Cable Market by Type, Functionality, Product Type, Application and Industry Vertical: Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global USB cable market was valued at $12.44 billion in 2020, and is projected to reach $54.01 billion by 2030, registering a CAGR of 17.4% from 2021 to 2030.

Universal Serial Bus cable, commonly known as USB cable is used mostly to connect computers to peripheral devices such as cameras, camcorders, printers, scanners, and more. It can carry power as well as signals. It is designed with several distinct connector types, making it easy to identify which plug goes into the computer and which plug goes into the peripheral device.

Significant factors that impact growth of the USB cable market include surge in demand for consumer electronics, the rise in penetration of video in demand, video conferencing, gaming, and home surveillance devices, and increase in number of data centers. However, USB poses security issues hampers the market growth. On the contrary, potential opportunities in automotive industry, and emergence of USB type C poses lucrative opportunities for USB cable during the forecast period.

The USB cable market is segmented into type, functionality, product type, application, industry vertical, and region. On the basis of type, it is fragmented into USB type A, USB type B, and USB type C. On the basis of functionality, the market is segregated into USB 1.x, USB 2.0, USB 3.x, and USB 4. By product type, the market is divided into USB data cable, USB charger, and multifunctional USB cable. On the basis of application, the market is categorized into smartphone, camera, camcorder, printer, scanner, computer, TV, and others. On the basis of industry vertical, the market is categorized into commercial, IT & telecommunication, industrial, automotive, healthcare, and others.

Region wise, the gaming computer market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Market Dynamics

Drivers

• Surge in demand for consumer electronics
• Increase in number of data centers
• Rise in penetration of Video on Demand, video conferencing, gaming, and home surveillance devices

Restraint

• USB poses security issues

Opportunities

• Potential opportunities in automotive industry
• Emergence of USB Type C

Key Players

• Belkin
• Bose Corporation
• Digilent Inc
• Digtus
• Future Technology Devices International Ltd.
• Hardwaresecrets
• ION Audio
• Nikon Corporation
• Tripp Lite
• Xilinc Inc.

For more information about this report visit https://www.researchandmarkets.com/r/htiraq