Published by mark itwired
Posted on September 8, 2021
The global demand for USB type C technology continues to rise in 2020 albeit slower than the previous year, owing to the coronavirus outbreak, with the growing demand for smartphones, tablets, and laptops to meet work-from-home and e-learning requirements.
According to Future Market Insights, the market is anticipated to reflect very strong growth prospects throughout 2030, growing at 29% CAGR. The FMI report states that the industry will gain from developments associated to the automotive industry in the near future.
FMI analysts have stated that telecommunications industry applications will be a major contributor to revenue growth in the industry in data transfer and power delivery systems. On the other hand, competition from other alternative technologies such as micro-USB is an obstacle for market players.
The USB type C industry is expected to reflect exponential growth throughout the forecast period on the back of component standardization efforts taken by manufacturers in the consumer electronics, and industrial electronics sectors. Also, the impending surge in demand for electric automobiles will also contribute to better market dynamics in the long term.
Get more Insights Analysis on this USB Type-C Market @ https://www.futuremarketinsights.com/ask-question/rep-gb-8618
While the USB type C market is expected to continue soaring, issues in automotive applications in terms of voltage fluctuations and heat dissipation continue to be notable issues for participants in the industry.
The study by FMI covers a comprehensive overview of the industry, discussing key dynamics of the market. Some of the critical takeaways of the report include:
“Widespread proliferation of consumer electronics and growing application of USB C chipsets in display devices and imaging applications in healthcare supports the growth of the market. Competition from alternative interfacing technologies challenges market players,” said a lead analyst at FMI.
The increasing penetration and use of smartphone, tablet, and laptop devices, and the increased power consumption and data transfer applications in the consumer electronics sector have remained key factors supporting the growth of the USB type C market. However, the coronavirus pandemic is estimated to marginally impact the market in the short term.
The industry is expected to face issues in terms of component and raw material supplies owing to lockdown restrictions imposed by governments around the world.
Also, the impact of the coronavirus pandemic on the automotive industry could restrain market growth.
However, the shift towards work from home business models and the growing popularity of remote learning options are anticipated to drive up application and demand for USB type C products.
In its report, Future Market Insights has provided an in-depth analysis of the strategies being employed by manufacturers in the USB Type C market. Top players are largely focusing on investments towards product and technology research and innovations in addition to capacity expansions in a bid to keep up with massive international demand.
Some of the leading players in the industry include Cypress Semiconductor, Anixter International, STMicroelectronics, NXP Semiconductors, Texas Instruments, Belkin International Inc., Microchip Technology Inc., Silicon Laboratories, ON Semiconductors, Hirose Electric Group, and Analogix Semiconductor Inc. among others.
The post USB Type-C Market 2021: Market Share, Size, Competition Landscape, Manufacturers Analysis and Future Opportunity Outlook – 2030 first appeared on Market Research Blog.
The global demand for USB type C technology continues to rise in 2020 albeit slower than the previous year, owing to the coronavirus outbreak, with the growing demand for smartphones, tablets, and laptops to meet work-from-home and e-learning requirements.
According to Future Market Insights, the market is anticipated to reflect very strong growth prospects throughout 2030, growing at 29% CAGR. The FMI report states that the industry will gain from developments associated to the automotive industry in the near future.
FMI analysts have stated that telecommunications industry applications will be a major contributor to revenue growth in the industry in data transfer and power delivery systems. On the other hand, competition from other alternative technologies such as micro-USB is an obstacle for market players.
The USB type C industry is expected to reflect exponential growth throughout the forecast period on the back of component standardization efforts taken by manufacturers in the consumer electronics, and industrial electronics sectors. Also, the impending surge in demand for electric automobiles will also contribute to better market dynamics in the long term.
Get more Insights Analysis on this USB Type-C Market @ https://www.futuremarketinsights.com/ask-question/rep-gb-8618
While the USB type C market is expected to continue soaring, issues in automotive applications in terms of voltage fluctuations and heat dissipation continue to be notable issues for participants in the industry.
The study by FMI covers a comprehensive overview of the industry, discussing key dynamics of the market. Some of the critical takeaways of the report include:
“Widespread proliferation of consumer electronics and growing application of USB C chipsets in display devices and imaging applications in healthcare supports the growth of the market. Competition from alternative interfacing technologies challenges market players,” said a lead analyst at FMI.
The increasing penetration and use of smartphone, tablet, and laptop devices, and the increased power consumption and data transfer applications in the consumer electronics sector have remained key factors supporting the growth of the USB type C market. However, the coronavirus pandemic is estimated to marginally impact the market in the short term.
The industry is expected to face issues in terms of component and raw material supplies owing to lockdown restrictions imposed by governments around the world.
Also, the impact of the coronavirus pandemic on the automotive industry could restrain market growth.
However, the shift towards work from home business models and the growing popularity of remote learning options are anticipated to drive up application and demand for USB type C products.
In its report, Future Market Insights has provided an in-depth analysis of the strategies being employed by manufacturers in the USB Type C market. Top players are largely focusing on investments towards product and technology research and innovations in addition to capacity expansions in a bid to keep up with massive international demand.
Some of the leading players in the industry include Cypress Semiconductor, Anixter International, STMicroelectronics, NXP Semiconductors, Texas Instruments, Belkin International Inc., Microchip Technology Inc., Silicon Laboratories, ON Semiconductors, Hirose Electric Group, and Analogix Semiconductor Inc. among others.
The post USB Type-C Market 2021: Market Share, Size, Competition Landscape, Manufacturers Analysis and Future Opportunity Outlook – 2030 first appeared on Market Research Blog.
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