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USB Type-C Take Off With New Spirit – Opportunities Are Flying To Reach US$ 127 Billion By 2030

Published on: May 2022

An essential - Uncovering the market secrets of USB Type-C industry

The universal serial bus (USB) has evolved over time, and USB type C is the fifth version of the technology, which has become a popular choice for not only charging but also data transfer applications. The technology works with a variety of devices, including tablets, smartphones, and PCs, and it is expected to gradually replace traditional USB connectors in the coming years. According to a recent analysis issued by Industry Data Analytics, the USB Type C market is predicted to surpass US$ 127 billion by 2030, growing at a 29 percent compound annual growth rate, with applications in the telecommunications industry taking a significant portion of the market. In recent years, the market for USB type C technology has exploded as a number of companies in the electronics, automotive, and telecommunications industries have adopted these connectors, which outperform other USB competitors and even other charging devices compatible with Apple products.

Demand is driven by faster data transfer capabilities

Most phones, laptops, and tablets now use USB C as a standard connection. A USB C port has even been designed into some Macbook models. The 2nd Generation USB 3.1 data transmission standard is now used in the majority of USB C connections. As a result, new USB C devices may theoretically deliver up to 10 Gbps of data, which is twice as fast as earlier USB 3.0 and first-generation USB 3.1 alternatives. In addition, USB Type C requirements are increasingly being employed to ensure compatibility with technologies such as Intel's Thunderbolt 3, which can triple data transmission speeds. Through ethernet capabilities and applications in high definition video streaming becoming mainstream with HDMI and DisplayPort standards, among others, such advancements in data transfer speeds have become increasingly crucial.

Applications in the Automotive Industry that are Profitable

  • While USB type C applications in consumer devices have grown in popularity, the demand for USB C type power supply connections in autos for entertainment and infotainment systems is also growing.
  • Drivers and passengers are increasingly using USB type C technology to fast charge devices and for novel uses such as rear seat displays and smart mirroring for entertainment.
  • Dynamic load sharing and interoperability with a wide range of power delivery protocols, as well as VIN and thermal power throttling, are all features of such power sources.
  • Voltage compensation and temperature protection on changing currents, as well as changes in cable lengths, are among the innovations in these items that will give the industry a boost in the long run.

Major Obstacles

  • By the conclusion of the prediction period, USB type C technology will have mostly gone widespread and will be the principal USB format in most end-use industries.
  • In consumer electronics, however, the adoption of USB type C is still limited in Apple gadgets, with many of them still using the company's proprietary Lightning connector standard.
  • In terms of automotive applications, voltage dips from DC to USB ports have been discovered to be an issue with USB type C. Furthermore, due to the high-power densities in automotive applications, heat dissipation issues are typical with USB type C, complicating electronics systems.

Regional Analysis

Market for USB Type C in North America

  • The United States, which accounts for more than a third of the global USB type C market, leads the North American USB C market.
  • Adoption and sales are bolstered by widespread penetration of consumer electronics devices, as well as the expansion of applications in regional automobile and healthcare sectors.
  • The region's profitable growth chances have been sustained by a large consumer base with increasing disposable incomes and the growing possibility for applications even on Apple devices.
  • Furthermore, the United States is home to a significant automotive manufacturing industry, which is likely to contribute to the industry's long-term growth.
  • On the other hand, tight manufacturing and e-waste restrictions are limiting the industry's growth in the region.

Furthermore, regional market participants are progressively pushing for production in Asian countries such as China and India, which would gradually reduce market growth in the next few years.

Key players are:

  • Anixter International
  • Belkin International Inc.
  • Microchip Technology Inc.
  • Silicon Laboratories
  • ON Semiconductor
  • Hirose Electric Group
  • Analogix Semiconductor Inc.
  • Analog Devices Inc.
  • ROHM Semiconductor
  • Richtek Technology Corporation
  • Diodes Incorporated

What are Industry Data Analytics and why should you choose them?

In the United States, Industry Data Analytics is a significant technology research and advisory organisation. Their research and analysis focuses on emerging industry trends, giving actionable insights to help businesses identify market opportunities and establish effective strategies to strengthen their positions. This growing customer base relies on Industry Insights Reports' broad coverage, deep research, and actionable market insights to identify opportunities in existing and new markets, as well as assess their competitive positions in changing market circumstances.

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