In 2018, a report on global USB devices market size by Market Research Future revealed that the market gained close to a valuation of USD 19.00 Billion. And now, the market is anticipated to reach USD 46.08 Billion by the end of the projection period with a compound annual growth rate (CAGR) of 13.9%. This percentage of growth has made USB devices the most undefeated connectivity solution worldwide.
What is a USP Port?
A USB device is an ordinary device which has a cable connection interface for personal computers and consumer electronics devices. USB stands for Universal Serial Bus, a market evolving for short-distance digital data communications. USB devices are connected to the ports for connecting each other to transfer digital data over USB cables.
USB is a host-oriented and token-based serial bus protocol that allows a connection for up to 127 USB devices on a single USB host regulator. A host PC can also have multiple host controllers, which surges the supreme number of USB devices that can be linked to a single computer.
Brief History of USB Devices
Universal Serial Bus (USB) is a familiar interface that connects peripheral devices to a host computer. The USB system was initially developed by a group of companies such as Intel, IBM, Digital Equipment, Compaq, Microsoft, and Northern Telecom with an aim to replace the existing mixed connector system with the most straightforward architecture.
Earlier, USB devices were designed to replace the multitude of cables and connectors to connect peripheral devices to a host computer. The main aim of USB was to make the addition of peripheral devices quicker and easier. All USB devices share some essential characteristics to make this possible. Some devices can lure power from the USB, which excludes the need for extra power adapters.
The USB 3.2 standard became official in July 2017 has speeds 10 times faster than USB 3.0. The new USB can be used for applications such as transferring high-definition video footage or backing up a complete hard drive to an exterior drive. With the upsurge in hard drive capacity, the need for a high-speed data transfer method is also developing. The appliances that utilize USB connection have developed over time, but the ones that can be plugged into computers through USB are comparatively new. As computers become more important in daily lives and people work longer hours, the number of time-saving convenience devices that plug into PCs are set to increase. For instance, the use of USB has changed drastically over the years as Samsung has introduced some innovative options. Samsung’s newest battery banks offer 25W fast charging and have dual USB-C ports as well. These two new battery banks from Samsung are 10,000mAh batteries that have the specialty of fast charging. Though the batteries don’t hit the laptop speeds of some other batteries, they are expected to gain a significant user base in the coming period.
As computers are steadily replacing humans in terms of services, USB devices are expected to expand further as almost all devices are equipped with a USB port. The expansion of USB devices currently covers devices such as vacuum cleaners, coffee machines, pregnancy tests, universal USB ports further bank on the need for convenience and “all-in-one” devices that are easy to handle. For example, Belkin launched an 8-Socket surge protector that has 8 sockets which is more than adequate for all the gadgets that are connected to the TV. They also have a 2-meter power cord which is extended enough to connect with a wall socket far near the intended setups. The device is expected to act as a surge protector averting damage to the linked equipment through voltage fluctuations. The device also enables connection to any electronic equipment with 2 or 3 pin plugs. The device is also compatible with international plug formats and can handle the highest spike current of 19,000 Amps.
The USB devices market share is likely to develop at a rapid rate in the future as it can help to achieve factors such as the creation of better bandwidths, restructuring software configurations, and resolving utilization problems for present interfaces. Moreover, increased usage of smartphones is leading to a reduction in battery lifespan, and thus the need for power banks is also rising subsequently. Power banks are reliant on the use of USB port; this segment is estimated to create significant opportunities for the USB devices market in the coming period.
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Despite being a “Universal” connector in its decade long market, it has procreated multiple versions with different connection speeds and many types of cables.In 2018, a report on global USB devices market size by Market Research Future revealed that the market gained close to a valuation of USD 19.00 Billion.
And now, the market is anticipated to reach USD 46.08 Billion by the end of the projection period with a compound annual growth rate (CAGR) of 13.9%.
A host PC can also have multiple host controllers, which surges the supreme number of USB devices that can be linked to a single computer.Brief History of USB DevicesUniversal Serial Bus (USB) is a familiar interface that connects peripheral devices to a host computer.
The USB system was initially developed by a group of companies such as Intel, IBM, Digital Equipment, Compaq, Microsoft, and Northern Telecom with an aim to replace the existing mixed connector system with the most straightforward architecture.Earlier, USB devices were designed to replace the multitude of cables and connectors to connect peripheral devices to a host computer.
Some devices can lure power from the USB, which excludes the need for extra power adapters.The USB devices’ market share has gained increased ground in the past few decades as the need to transfer media has amplified substantially.
The “Universal Serial Bus” refers to any device that can save data in flash memory with a USB integrated framework.
USB Devices MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on USB Devices Market.
According to Market Research Future, the global USB devices market has been segmented on the basis of type, product, connector type, application, and region.By type, the global USB devices market has been segmented into USB 1.0, USB 2.0, USB 3.0, Others.
Among these, the USB 3.0 segment is estimated to witness the highest growth during the forecast period.
Hence, it is highly adopted across several regions and countries.Based on product, the global USB devices market has been segmented into webcam, USB flash drives, memory card readers, digital audio players, computer peripherals, scanners & printers, and others.
Among the above-mentioned segments, the computer peripherals segment is estimated to grow at the fastest rate during the forecast period 2019–2025.
Among these segments, the market for type C USB devices is estimated to grow at the fastest rate during the forecast period.
