USB 3.0 Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

 

Overview

The USB 3.0 Market size is forecast to reach $ 6.7 billion by 2025 growing at a CAGR of 20.7 % during the forecast period 2020-2025. Increase in data volumes being transferred are the key driving factors for USB 3.0 market. As the need for faster data transfer rates arise due to increasing data volumes and the growing demand for faster functioning technology, users are likely to adopt USB 3.0 as a replacement to conventional data transfer methods. Digital data is not only increasing in numbers, but also increasing in virtual size due to quality enhancements. Quality enhancements are increasing the virtual sizes of most popular digital data such as audio, video and images. Owing to this vast rise in digital data volumes being transferred and processed on personal devices, consumers are forced to buy products capable of enabling the faster and better transfer and processing of data, driving the demand for USB 3.0 techs.

Key Takeaways

  • The rising demand for high performance connection between the PC and other sophisticated electronic devices to fuel the growth of USB 3.0 market.
  • Robust global sales of smartphones to drive demand for USB 3.0 for convenient transfer and sharing of content.
  • Proliferation of tablet PC's and smartphones and increasing application of USB 3.0 universal docking chipsets in 4K monitors as well as in camera based applications in medical imaging is also propelling the growth of the USB 3.0 market.
  • Increasing competition from Thunderbolt & Thunderbolt 2 interface technologies are likely to create hurdles for the USB 3.0 market.

Manufacturing process - Segment Analysis

The Chip on Board (CoB) manufacturing process segment has been analyzed to attribute to the majority of shares in USB 3.0 market during the forecast period 2020-2025. In ever-changing consumer electronics environment, electronic products are being designed to be lighter, thinner, and smaller. Cell phones and tablets are becoming smaller and more portable than ever before. By utilizing COB techniques to mount the USB controller and flash memory, the large PCB area typically taken up by SMT-packaged controllers and the size of flash devices is dramatically reduced, thereby facilitating significant miniaturization of the resulting USB device footprint (i.e., providing a shorter device length and thinner device width). Similarly, the IC die height is greatly reduced, thereby facilitating stacked memory arrangements that greatly increase memory capacity of the USB devices without increasing the USB device footprint. Further reduced overall manufacturing costs due to adoption of technology like CoB is expected to reduce the price of the product which in turn fuel the demand for USB 3.0. The rising dynamic capabilities and high data transfer speed of the CoB over conventional manufacturing process is likely to drive the demand for CoB in the USB 3.0 market.

Capacity - Segment Analysis

Based on capacity, 16GB-64 GB USB 3.0 is estimated to witness a highest CAGR of 22.76% during forecast period. The rising popularity of these segment can be attributed to their large storage size, great speed, high compatibility and compact size. Further affordable cost also act as a driver for this segment. At the same time, advancements in technology like CoB are making the physical size of flash drives even smaller allowing consumers to choose devices in 16 GB-64 GB storage devices. Larger storage space is preferred by more customers due to the growth in volume of digital data over recent years. These segments are likely to show phenomenal growth over the forecast period. Additionally, Continuous innovations in memory capacity is one of the major factor that is likely to create lucrative opportunity for the USB 3.0 market.

Geography - Segment Analysis

The Asia-Pacific is growing with the highest CAGR of 18.3% in the USB 3.0 Market during the forecast period 2020-2025 accounting for 39% of the total market share. Continuous introduction of high bandwidth storage devices, technological advancements and emerging markets in Asia is expected to provide numerous opportunities for the USB 3.0 market to grow. The Asia-Pacific is forecasted to hold majority of shares in the USB 3.0 market owing to the sheer capacity of manufacturing in the region. A large number of leading players in the global USB 3.0 market hold prime manufacturing facilities with APAC, allowing consumers from this region to get a better reach of these products. Additionally, India and China already hold massive consumer pools in the digital electronics market allowing easier penetration for the players. For Instance, according to IBEF (India Brand Equity Foundation), the electronics market in India is expected to reach USD 400 billion by 2020 which in turn is indicating the growth opportunity of USB 3.0 market over the forecast period.

Location: United States

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