USB Type C Market Size & Growth Analysis to 2030

The global USB type C market size is anticipated to register a significant CAGR of over 26% during the forecast period 2021 to 2027. The increasing adoption of the product in various industries such as automotive, electronics, and telecommunication is one of the key factor to drive the market growth. Furthermore, the fast data transfer capability coupled with the increasing number of consumer electronics devices is further anticipated to boost the market growth. Moreover, the increasing use of the product in various applications such as automotive, computing, consumer electronics, and robotics is expected to fuel the market over the forecast period.

Market Drivers

Increased Device Compatibility: USB Type-C offers a universal connectivity solution that is compatible with various devices, including smartphones, tablets, laptops, desktops, and peripherals. The ability to connect multiple devices using a single USB Type-C port drives its adoption, simplifies user experience, and promotes interoperability.

Enhanced Data Transfer Speeds: USB Type-C supports high-speed data transfer rates, such as USB 3.1 and USB 3.2 Gen 2 standards. These faster data transfer speeds enable quick file transfers, efficient backup and synchronization, and seamless multimedia streaming, enhancing user productivity and convenience.

Power Delivery Capability: USB Type-C supports the Power Delivery (PD) specification, which enables higher power output and bidirectional power flow. This allows USB Type-C to charge devices at faster rates and serve as a power source for peripheral devices, including monitors, external storage, and even laptops. The power delivery capability of USB Type-C promotes its adoption as a versatile charging solution.

Smaller Form Factor: USB Type-C connectors are smaller and reversible compared to previous USB standards. The compact form factor allows for thinner and lighter device designs, making it particularly attractive for portable devices like smartphones, tablets, and ultrabooks. The smaller size and reversible design improve user convenience and contribute to the market growth of USB Type-C.

Audio and Video Support: USB Type-C supports audio and video signals through the DisplayPort and HDMI alternate modes. This enables the use of USB Type-C ports for connecting external displays, projectors, and audio devices, eliminating the need for dedicated audio/video ports. The audio and video support of USB Type-C enhances its versatility and drives its adoption.

Increasing Adoption of USB Type-C by Major Device Manufacturers: Leading technology companies, including Apple, Google, Microsoft, and Samsung, have embraced USB Type-C as the standard port in their devices. The endorsement and widespread adoption of USB Type-C by major device manufacturers create a strong market ecosystem, encourage compatibility, and drive its acceptance among consumers.

Growing Demand for Fast Charging: With the increasing use of smartphones, tablets, and other portable devices, there is a growing need for fast charging solutions. USB Type-C’s Power Delivery capability, combined with higher power output, enables faster charging of devices, meeting the demand for quick and convenient charging options.

Transition towards USB Type-C as a Standard: The industry is gradually transitioning towards USB Type-C as the standard connector for various devices. This transition is driven by the advantages of USB Type-C, including its versatility, faster data transfer speeds, power delivery capabilities, and compatibility with multiple devices. The move towards standardization contributes to the growth of the USB Type-C market.

Industry Support and Collaboration: USB Type-C is backed by industry organizations such as USB Implementers Forum (USB-IF), which ensures compliance, interoperability, and certification standards. The collaboration among industry stakeholders fosters the development and adoption of USB Type-C technology, bolstering its market growth.

Technological Advancements and Future Potential: USB Type-C continues to evolve with new technological advancements, including higher data transfer speeds, increased power delivery capabilities, and additional functionalities. The future potential of USB Type-C as a versatile connectivity standard drives innovation and further market expansion.

Market Snapshot

Market Insights

The global USB type C market is bifurcated into the application, end-use industry, and geography. On the basis of the end-use industry, the market is further segmented into consumer electronics, automotive, media & entertainment, telecommunications, healthcare, and others. The telecommunication segment is accounted to hold the largest revenue share of the market in 2020. On the other hand, the automotive segment is expected to register a lucrative growth rate over the forecast period. The increasing demand for the product for automobiles in entertainment and infotainment systems is a major factor to drive the segment growth.

On the basis of application, the market is segmented into smartphones & tablets, personal computers & laptops, digital cameras, TV, media players, and others. The smartphones & tablets segment dominated the global USB type C market in 2020 and expected to maintain its dominance over the forecast period. The high use of smartphones and tablets among consumers is one of the major factor to drive the segment growth. Furthermore, the increasing adoption of the latest technologies and the continuous launch of new products are expected to fuel the segment growth over the forecast period.

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The USB type C comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The USB type C market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation

By Application:

• Smartphones & Tablets
• Personal Computers & Laptops
• Digital Cameras
• TV
• Media Players
• Others

By End-Use Industry:

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

By Region:

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

Geographic Coverage

Geographically, the USB type C market report comprises dedicated sections centering on the regional market revenue and trends. The USB type C market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The USB type C market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. USB type C market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Competitive Assessment

Some of the major market players operating in the global USB type C market are TE Connectivity Ltd., Belkin International, Inc., ON Semiconductor Corporation, Diodes, Inc., and STMicroelectronics NV. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• 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
• Microchip Technology, Inc.

Key Questions Answered by USB Type C Market Report

• Global USB type C market forecasts from 2021-2027
• Regional USB type C market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
• USB type C submarket forecasts from 2021-2027 covering the market by application, by end-use industry, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis pertaining to USB type C market
• Analysis of the key factors driving and restraining the growth of the global, regional and country-level USB type C markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the USB type C market