USB Type-C Market size is projected to surpass USD 23 billion by the end of 2035 by growing at a CAGR of 25% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of USB Type-C was over USD 3 billion. The growth of this market can be attributed to the fact that USB Type-C allows faster transfer of data as compared to some other tools. It has become a household name in every house today. Starting from mobile phones, tablets, and laptops to now in MacBooks USB Type-C ports are available in all devices. In most cases, the USB Type-C port is constructed on the 2nd Gen USB 3.1 data transfer standard. Similarly, these USB Type-C devices solely can send up to 10 Gbps data, which is expected to be double that of older USB 3.0 AND 1ST Gen USB 3.1 options. As per the sources, USB Type-C can transfer data at a speed of 10 Gb per second at a high power flow of up to 100 watts.
Additionally, high approval of USB Type-C in smartphones and tablets is driving the growth of this market. The cable can be connected to a USC charger and can offer 240-watt fast charging. In addition, the USB Type-C along with HDMI cable allows data transfer between smartphones or tablets with television or monitor. The growing adoption of smartphones and tablets seeing the high penetration of the internet is anticipated to drive the growth of this market in the forecast period. As per data, in 2019, more than 68% of phones produced worldwide had USB Type-C charging ports in them.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023 - 2035 |
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CAGR |
~25% |
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Base Year Market Size (2022) |
~USD 3 billion |
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Forecast Year Market Size (2035) |
~USD 23 billion |
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Regional Scope |
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Aircraft Type (Commercial Aircraft, Private)
The global USB Type-C market is segmented and analyzed for demand and supply by aircraft type into commercial aircraft, private, and others. Amongst these segments, the commercial aircraft segment is expected to hold the largest market share by the end of 2035. The growth of the segment can primarily be attributed to the rise in the number of commercial aircraft worldwide, backed by the need to transport the increasing number of passengers. According to the statistics by the International Civil Aviation Organization (ICAO), the total number of passengers carried on scheduled services grew by 3.6% between 2018 and 2019 to reach 4.5 billion in the year 2019. The statistics also stated that the number of departures witnessed a growth of 1.7% during the same period.
Port Type (USB 2.0, USB 3.0, USB 3.1, USB 3.2)
The global USB Type-C market is segmented and analyzed for demand and supply by port type into USB 2.0, 3.0, 3.1, 3.2, and others. Out of which, the USB 2.0 segment is expected to hold the largest market share throughout the forecast period by the end of 2035. The growth of the segment can primarily be attributed to the presence of a large number of devices in the market that are equipped with USB 2.0 technology. Alternatively, the USB 3.2 segment is expected to grow at a significant rate during the forecast period. USB 3.2 is the updated version of the previously launched USB 3.1, and it offers a data transfer speed of up to 10Gbps.
Our in-depth analysis of the global market includes the following segments:
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By Port Type |
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By Application |
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By Aircraft Type |
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APAC Market Statistics
The market in the Asia Pacific is anticipated to hold the largest share by the end of 2035. The market in the region is also expected to grow with the highest CAGR during the forecast period. The market in China is expected to hold the largest share by the end of 2035. China has one of the biggest consumer electronic markets in the world. As per the Organization for Economic Corporation and Development, the nation is making significant restructuring efforts in the electronics sector, with a significant shift away from consumer electronics and towards electronic components and industrial electronics, with domestic manufacturing being concentrated on high-value segments. Furthermore, with more than one-third of the global market's sales in 2018, Asia Pacific dominated the USB-C market. Most Asian manufacturers now use the USB-C standard in both their high-end and basic phones. Since Asia Pacific is the region with the largest smartphone market, USB-C has significantly increased its market share. Asia Pacific will continue to have a dominating position in the market owing to the region's rapidly expanding smartphone and tablet industries during the forecast period.
North American Market Forecast
Further, the market in North America is expected to hold the second leading stance by registering a significant market revenue by the end of 2035. The growth of the market in the region can be attributed to the increasing number of consumer electronic brands, such as Philips, Panasonic, Samsung, and others, who are switching to USB Type-C connectivity in electronic and smart devices. Besides, the market in the region is also expected to grow on the account of large penetration of consumer electronic goods doubled with its application in the healthcare and automotive sector. In addition, a growing customer base, high disposable income, and availability of a few Apple devices are a few factors driving the growth of this market in the North American region. Owing to high consumer electronic product spending by a significant portion of the world's population and early adoption of cutting-edge technology by key industry players, North America is anticipated to account for a sizable portion of the market in the upcoming years. Moreover, the market expansion in the region is being driven by an increase in research and development spending by information technology and communication firms, particularly in the US.
Europe Market Forecast
Furthermore, the Europe region is expected to account a significant market growth by the end of 2035. USB Type-C is highly used as a default option by many electronic device manufacturers in the Europe region. For instance, currently, the government in Europe Union is legislating the use of USB Type-C in all mobile phones and electronic devices to minimize electronic waste.
Author Credits: Abhishek Verma, Hetal Singh
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