USD 7.47 billion
Report ID:
SQMIG45K2077 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
65
|Figures:
77
Global USB Controllers Market size was valued at USD 7.47 billion in 2022 and is poised to grow from USD 8.05 billion in 2023 to USD 14.69 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).
As the need for external data storage devices and data transport systems rises, these devices are widely used around the world. The main drivers of the USB controller market's expansion are technological developments, rising R&D expenditures for the creation and introduction of cutting-edge next-generation controllers, and rising consumer desire for adaptable and simple-to-use gadgets.
This indicates the growing demand for USB controllers in various applications such as consumer electronics, automotive, industrial automation, and healthcare. Wireless USB is projected to gain popularity as a result of rising customer expectations and wireless technology already present in many electronic products. The technology is a key component of market networking, communication, and computing.
US USB Controllers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 7.47 billion
Largest Segment
Host Controllers
Fastest Growth
Host Controllers
Growth Rate
7.8% CAGR
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Global USB Controllers Market is segmented on the basis of type, application and region. By application, the market is segmented into computers, smartphones, gaming consoles, automotive, industrial automotive. By type, the market is segmented into host controllers, device controllers, otg controllers. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global USB Controllers Market Analysis by Type
In 2021, the dominant segment was the host controllers’ segment, which was expected to have a CAGR of around 7%. Host controllers are the dominant segment in the market, as they enable USB connectivity in personal computers, laptops, and mobile devices. the increasing demand for USB-enabled devices, especially in emerging economies.
Device controllers are used in USB peripherals such as printers, scanners, and external hard drives. The device controllers’ segment was expected to grow at a CAGR of around 6%. The global USB controllers market includes electronic chips that enable USB connectivity in devices.
Global USB Controllers Market Analysis by Applications
The computer segment is the largest application segment for USB Controllers due to the widespread use of USB ports in laptops and desktops. The increasing demand for high-speed data transfer, along with the growing adoption of USB 3.0 and USB Type-C, is driving the growth of this segment.
The growing adoption of USB Type-C ports in smartphones for charging and data transfer is fueling the growth of the USB Controllers market in the smartphone segment. The increasing demand for fast charging and high-speed data transfer is expected to boost the growth of this segment during the forecast period.
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Asia Pacific is the largest regional market for USB controllers, with China, Japan, South Korea, and India being the major contributors to the market growth. The growth of the Asia Pacific market is driven by the increasing demand for USB-enabled devices, rapid industrialization, and the presence of key players in the region.
North America is also a significant market for USB controllers, driven by the increasing adoption of USB technology in various applications, such as consumer electronics, healthcare, automotive, and industrial automation. constantly evolving, and market conditions may change due to various factors, including technological advancements, regulatory changes, and economic conditions.
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Global USB Controllers Market Drivers
Increasing demand for Efficient Data Transfer to Bolster Market Growth
Global USB Controllers Market Restraints
Dependence on PC and Laptop Sales to Hinder Market Growth
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These companies operate globally and compete on factors such as price, product features, and innovation. To remain competitive, many companies are investing in research and development to develop advanced USB controller solutions that can meet the evolving needs of customers. Additionally, companies are increasingly focusing on sustainability and environmental responsibility in their operations, which can also impact the competitive landscape of the market.
Top Player’s Company Profiles in Global USB Controllers Market
Global USB Controllers Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global USB Controllers market is expected to continue growing in the coming years, driven by factors such as increasing demand for faster data transfer, the proliferation of USB Type-C ports, and the growing popularity of wireless charging. However, the market also faces some challenges, such as increasing competition and the availability of alternative technologies. Asia Pacific is expected to be the largest market for USB Controllers, driven by factors such as the presence of several leading manufacturers in the region and the growing adoption of USB controllers in a wide range of industries, including automotive, consumer electronics, and industrial applications. Key players in the global USB Controllers market are investing in research and development to develop innovative solutions that can meet the evolving needs of customers. These players are also expanding their product portfolios through strategic acquisitions and partnerships to gain a competitive advantage in the market. The global USB Controllers market is expected to continue growing in the coming years, driven by technological advancements and increasing demand for USB connectivity. However, players in the market will need to focus on developing innovative solutions and expanding their product portfolios to stay competitive in a rapidly evolving market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.47 billion |
Market size value in 2031 | USD 14.69 billion |
Growth Rate | 7.8% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the USB Controllers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the USB Controllers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the USB Controllers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the USB Controllers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45K2077