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USB Type-C Market Analysis by Port Type (USB 2.0, USB 3.0, USB 3.1, USB 3.2); by Application (Charging, Entertainment); Aircraft Type (Commercial Aircraft, Private) – Global Supply & Demand Analysis & Opportunity Outlook 2023 – 2035

Buy Now Report ID: 3250 | Published Date: Apr 24, 2023

Global USB Type-C Market for Airline Industry TOC

  1. Market Definition
    1. Market Definition
    2. Market Segmentation
    3. Assumptions
  2. Research Methodology
    1. Research objective
    2. Research process
    3. Market size methodology
  3. Executive Summary- Global USB Type-C Market for Airline Industry
  4. Analysis of Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Trends
  5. Industry Analysis
    1. Industry Value Chain Analysis
    2. Covid-19 Impact Analysis
    3. Airline Industry Analysis
    4. Air Passenger Analysis
  6. Global USB Type-C Market for Airline Industry Outlook
    1. Global USB Type-C Market for Airline Industry Overview and Segmentation by:
      1. Port type, 2019-2028F (in USD Million)
      2. Aircraft type, 2019-2028F (in USD Million)
      3. Application, 2019-2028F (in USD Million)
      4. Region, 2019-2028F (in USD Million)
  7. North America USB Type-C Market for Airline Industry Outlook
    1. Port type, 2019-2028F (in USD Million)
    2. Aircraft type, 2019-2028F (in USD Million)
    3. Application, 2019-2028F (in USD Million)
    4. Country-wise USB Type-C Market for Airline Industry
  8. Europe USB Type-C Market for Airline Industry Outlook
    1. Port type, 2019-2028F (in USD Million)
    2. Aircraft type, 2019-2028F (in USD Million)
    3. Application, 2019-2028F (in USD Million)
    4. Country-wise USB Type-C Market for Airline Industry
  9. Asia Pacific USB Type-C Market for Airline Industry Outlook
    1. Port type, 2019-2028F (in USD Million)
    2. Aircraft type, 2019-2028F (in USD Million)
    3. Application, 2019-2028F (in USD Million)
    4. Country-wise USB Type-C Market for Airline Industry
  10. Latin America USB Type-C Market for Airline Industry Outlook
    1. Port type, 2019-2028F (in USD Million)
    2. Aircraft type, 2019-2028F (in USD Million)
    3. Application, 2019-2028F (in USD Million)
    4. Country-wise USB Type-C Market for Airline Industry
  11. Middle East & Africa USB Type-C Market for Airline Industry Outlook
    1. Port type, 2019-2028F (in USD Million)
    2. Aircraft type, 2019-2028F (in USD Million)
    3. Application, 2019-2028F (in USD Million)
    4. Country-wise USB Type-C Market for Airline Industry
  12. Competitive Structure
    1. Astronics Corporation
    2. AAR Corp.
    3. Mid-Continent Instrument Co., Inc. (True Blue Power)
    4. Imagik Corporation
    5. Appareo Systems, LLC
    6. Burrana
    7. IFPL Group Limited
    8. Inflight Canada
    9. Kid-Systeme GmbH
    10. Eirtech Aviation Services
  13. Analyst Recommendation

 


Global USB Type-C Market Size, Forecast, and Trend Highlights Over 2023 – 2035

USB Type-C Market size is estimated to reach ~USD 23 billion by the end of 2035 by growing at a CAGR of ~25% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of USB Type-C was ~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.   


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Global USB Type-C Market: Key Insights

 

Base Year

2022

Forecast Year

2023 - 2035

CAGR

~25%

Base Year Market Size (2022)

~USD 3 billion

Forecast Year Market Size (2035)

~USD 23 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

 


Global USB Type-C Market: Growth Driver and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Demand for USB Type-C Devices – The USB Type-C devices demand is seen to have risen owing to its wide variety of applications in various end-user industries such as robotics, automotive, aerospace, wireless, computing, and consumer electronics.  In 2021, globally 11 million units of USB Type-C devices were sold.
  • Upsurge in Research & Development - High R&D expenditures and quick advancements in these products' voltage adjustment and temperature protection are anticipated to greatly increase demand for USB type-C and accelerate the expansion of the market. USB Type-C can now be used in aircraft, automotive sectors, smartphones, and tablet devices.
  • Technological Advancement in Automotive Infotainment System – Among the end-user industries USB Type-C is expected to gain high sale opportunities in the automotive industry. Recent technological development in the automotive infotainment system is the reason behind the growth of the USB Type-C market in the upcoming years. The technological advancement in automotive infotainment systems has raised the demand of the market by 7% in 2019.
  • High Efficiency in Transferring Data – High efficiency and fast transfer of data is one of the significant factors driving the growth of this market. As per the sources, an USB Type-C can solely transfer data at 10Gbps.

Challenges

  • USB Type-C port is not available on all Electronic Devices – This port is limited in Apple devices; they are found in very less Apple devices such as MacBooks. This has become a challenge for the market and restricts it to grow in the future.
  • Issue with Voltage
  • Limited Power Supply in Aircraft


Global USB Type-C Market Segmentation

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.

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 market includes the following segments:

      By Port Type

  • USB 2.0
  • USB 3.0
  • USB 3.1
  • USB 3.2
  • Others

      By Application

  • Charging
  •  Entertainment

      By Aircraft Type

  • Commercial Aircraft
  •  Private
  • Others

 


Global USB Type-C Market Regional Synopsis

regional-synopsis

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.

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.

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.

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Top Featuring Companies Dominating the Global USB Type-C Market

top-features-companies
    • Astronics Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • AAR Corp.
    • Mid-Continent Instrument Co., Inc. (True Blue Power)
    • Imagik Corporation
    • Appareo Systems, LLC,
    • Burrana
    • IFPL Group Limited
    • Inflight Canada
    • Kid-Systeme GmbH
    • Eirtech Aviation Services

In-the-news

In The News

  • Bell Textron Inc. signed a contract with Astronics Corporation, announcing that Astronics will provide their CorePower airframe electrical generation and power distribution systems to support Bell Textron's Future Long-Range Assault Aircraft (FLRAA) and Future Attack Reconnaissance Aircraft (FARA) programs.
  •  AAR Corp. extended its agreement with Viasat to provide logistics, repair, and aftermarket management services for the latter’s in-flight connectivity products.

preview-analysis

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Abhishek Verma, Hetal Singh


Key Questions Answered in the Report

1) What are the major factors driving the growth of the USB type-C market?

Ans: The growing demand for USB Type-C devices is one of the important factors responsible for the growth of this market.

2) What would be the CAGR of USB type-C market over the forecast period?

Ans: The market size of USB Type-C is anticipated to attain a CAGR of ~25% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the USB type-C market growth?

Ans: Additional cost associated with semiconductor content and limited power supply in airlines is estimated to act as barriers to market growth.

4) Which region will provide more business opportunities for growth of USB type-C market in future?

Ans: Asia Pacific is estimated to create notable growth opportunities for market growth over the forecast period.

5) Who are the major players dominating the USB type-C market?

Ans: The major players in the market are Astronics Corporation, AAR Corp., Mid-Continent Instrument Co., Inc. (True Blue Power), Imagik Corporation, and Others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company

7) What are the segments in the USB Type-C market for airline industry?

Ans: The market is segmented by application, aircraft type, port type, and by region.

8) Which segment captures the largest market size in the application segment in the USB Type-C market?

Ans: The charging segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

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