USB Device Market Size, Trends and Growth Analysis by 2027

The USB device market was valued at approximately US$ 35,339.3 million in 2021 and is anticipated to grow to US$ 65,857.2 million by 2028, reflecting a compound annual growth rate (CAGR) of 9.3% from 2021 to 2028.

As the demand for advanced vehicle entertainment and infotainment systems rises, automotive manufacturers are increasingly focused on establishing reliable connections between vehicle displays and users' smartphones or tablets. Consequently, USB device manufacturers targeting the automotive sector are developing products that are compatible with various automotive systems. For instance, Microchip Technology Inc. has introduced five USB 2.0 smart hub integrated circuits (ICs) that come in diverse architectures, designed for ease of use and flexibility to meet the design specifications of car manufacturers. Additionally, in February 2019, Microchip Technology Inc. launched a USB 3.1 Gen1 SmartHub IC, which offers enhanced data transfer speeds and reduced indexing times, thereby improving the user experience in vehicles. Today?s consumers expect immediate responsiveness from vehicle entertainment and infotainment systems, prompting companies to prioritize the development of robust USB solutions that maximize functionality within automotive media hubs. This growing demand for USB devices in entertainment and infotainment applications is a significant driver of market expansion.

The COVID-19 pandemic negatively impacted the global adoption of USB devices in 2020, as sales in sectors like electronics and automotive were disrupted due to supply chain challenges. Conversely, the uptake of USB devices in the IT and telecommunications sectors, as well as healthcare, saw an increase due to the heightened focus on remote work and learning, alongside a surge in hospital admissions related to COVID-19. However, starting in the first quarter of 2021, supply chains in the automotive and electronics industries began to recover, leading to a positive revenue trend that subsequently boosted the global USB device market.

The USB device market is categorized based on several criteria, including device standard type, product type, connector type, application, and geographical region. In terms of device standard type, the market is divided into USB 2.0, USB 3.0, and USB 4.0, with the USB 3.0 segment expected to dominate the market share in 2021. When considering product types, the market includes webcams, flash drives, memory card readers, digital audio players, computer peripherals, and more, with computer peripherals projected to hold the largest market share in 2021. Regarding connector types, the market is segmented into Type A, Type B, Type C, and lightning connectors, where Type B is anticipated to lead in market share for the same year. Applications of USB devices span consumer electronics, IT and telecommunications, automotive, healthcare and medical devices, among others, with the IT and telecom sector expected to capture the largest share in 2021. Geographically, the market is divided into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM), with North America holding a significant portion of the global market in 2021.

Key players in the global USB device market include ADATA Technology Co., Ltd., Corsair, Hewlett-Packard Development Company, Imation Corporation, Kingston Technology Corporation, Samsung Corporation, SanDisk Corporation, Toshiba Corporation, Transcend Information, Inc., Diodes Incorporated, MaxLinear, SK Hynix Inc., VIA Labs, Inc., KIOXIA Corporation, Dialog Semiconductor, ROHM CO., LTD, Silicon Laboratories, Inc., ON Semiconductor Corporation, NXP Semiconductors, Cypress Semiconductor Corporation, Texas Instruments Incorporated, Renesas Electronics Corporation, Microchip Technologies, Inc., and Maxim Integrated.

The overall size of the global USB device market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach also aimed to provide a comprehensive overview and forecast of the USB device market across all segments. Furthermore, numerous primary interviews were conducted with industry stakeholders and experts to validate the findings and gain deeper analytical insights. Participants in these interviews typically included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the USB device market.