Fort Collins, Colorado, Oct. 25, 2023 (GLOBE NEWSWIRE) -- According to DataHorizzon Research, the USB Cable (UC) Market size was valued at USD 14.8 Billion in 2022 and is expected to reach USD 71.6 Billion by 2032 at a CAGR of 17.2%.
USB is a fast interface that allows easy connection between computers and other devices. It can transfer data, provide power, and connect electronic devices such as keyboards, mice, printers, scanners, and cameras.
The USB cable industry is expanding quickly due to replacing older connection ports and the increasing demand for consumer electronics. The rise in usage of services such as video streaming, video conferencing, gaming, and home surveillance systems is also driving the market forward. Furthermore, the growing number of data centers provides more opportunities for market growth. As a result, the USB cable market is expected to experience significant growth in the future.
Advancements in technology and the emergence of USB 4 are contributing to the growth of the USB cable market. The automotive industry presents a lucrative growth opportunity, and adopting USB Type-C contributes to market expansion. However, security concerns associated with USB remain a major obstacle to the growth of the USB cable market.
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Segmentation Overview:
The global USB cable market has been segmented into type, functionality, application, and region. Type A USB is widely used for peripherals such as keyboards, networks, and CPUs. USB 2.0 is the most popular and functional, used in various electronic devices.
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USB Cable Market Report Highlights:
- The global USB cable market growth is anticipated at a CAGR of 17.2% by 2032.
- The growth of the USB cable market size is influenced by increased demand for consumer electronics, an upgrade in video demand, video conferencing, and home surveillance appliances, and an increase in the number of data centers.
- Asia Pacific leads the market due to the acceptance of smart devices, with China and India dominating.
- Some prominent players in the USB cable market report include Adafruit Industries, Cinch Connectivity Solutions, Delphi Connection Systems, Mikro Elektronika, Amphenol PCD, Bulgin, Assmann WSW Components, Cicoil, Tripp Lite, FCI, GC Electronics, Molex, Omron Automation, Samtec, Switchcraft, TE Connectivity, Tensility International Corp, Wurth Electronics, SparkFun Electronics, Norcomp, Qualtek Red Lion Controls, FTDI, Futrure Technology Devices International, Molex Connector Corporation, EDAC, Phoenix Contact.
Industry Trends and Insights:
- Phoenix Contact's Blomberg site has a new entrance with a freely accessible park showcasing the All Electric Society's future vision.
- TE Connectivity has decided to streamline its Raychem products, focusing on high-performance Polamco adaptors for efficient, high-quality product offerings.
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USB Cable Market Segmentation:
- By Type: Type A, Type B, Type C
- By Functionality: USB 1.0, USB 2.0, USB 3.0, USB 4.0
- By Application: Smartphone, Camera, Camcorder, Printer, Scanner
- By Region: North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.
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DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
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