Report : Europe USB Device Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Device Standard Type (USB 20, USB 30, and USB 40), Product (Webcams, Flash Drives, Memory Card Reader, Digital Audio Player, Computer Peripherals, USB Hub and Docking Station, and Others), Connector Type (Type A, Type B, Type C, and Lightning Connector), and Applications (Consumer Electronics, IT and Telecommunication, Automotive, Healthcare and Medical Devices, and Others)
Computer Peripherals Segment to dominate Europe USB Device Market during 2020–2028
According to a new market research study on “Europe USB Device Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Device Standard Type, Product, Connector Type, and Application” is expected to reach US$ 18097.76 million by 2028 from US$ 9560.02 million in 2021. The market is estimated to grow at a CAGR of 9.5% from 2021 to 2028. The report provides trends prevailing in the Europe USB device market along with the drivers and restraints pertaining to the market growth. Burgeoning demand for USB products in automotive entertainment and infotainment systems, surging demand for consumer electronics, and growing popularity of smart homes are the major factor driving the growth of the Europe USB device market. However, heighten security concerns hinders the growth of Europe USB device market.
Due to the COVID-19 outbreak, Russia, UK, France, Spain, Italy, and Germany are some of the worst affected member states in the European region. Businesses in the region face severe economic difficulties as they either suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, the region witnessed an economic slowdown in 2020. The emergence of COVID-19 has marginally impacted the businesses of European manufacturers as manufacturers were operational in partial workforce capacity which impacted the supply side of USB devices market. However, with from the Q1 of 2021, manufacturer ramp the production to fullest capacity as containment measures were relaxed and the vaccination gained positive momentum.
The Europe USB device market is segmented on the basis of device standard type, product, connector type, application, and country. Based on the device standard type, the market is segmented into USB 2.0, USB 3.0, and USB 4.0. In 2020, USB 2.0 segment held the largest share in the market, USB 3.0 is expected to be the fastest growing segment during the forecast period. Based on the product, the USB device market is segmented into webcams, flash drives, memory card readers, digital audio players, computer peripherals, and others. In 2020, computer peripherals segment held the largest share in the market, flash drives is expected to be the fastest growing segment during the forecast period. On the basis of the connector type, the USB device market is segmented into Type A, Type B, Type C, and lightning connector. In 2020, Type B segment held the largest share in the market, Type C is expected to be the fastest growing segment during the forecast period. The USB device market, by application, is segmented into consumer electronics, IT and telecommunications, automotive, healthcare and medical devices, and others. In 2020, IT and telecommunications segment held the largest share in the market, others is expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. In 2020, the UK held the largest share in the market, and France and Rest of Europe is expected to be the fastest growing country during the forecast period.
Samsung Group; Toshiba Corporation; ADATA Technology Co., Ltd.; CORSAIR; Imation Corporation; Kingston Technology Company, Inc.; SanDisk Corporation; Transcend Information, Inc.; Diodes Incorporated; NXP Semiconductors; ON Semiconductor Corporation; Silicon Laboratories, Inc.; Texas Instruments Incorporated; SK Hynix Inc.; VIA Labs, Inc.; Renesas Electronics Corporation; Cypress Semiconductor Corporation; Dialog Semiconductor; KIOXIA Corporation; Maxim Integrated; Microchip Technologies, Inc.; ROHM CO., LTD.; and MaxLinear. For instance, Toshiba Electronics Europe GmbH has announced the European launch of two new TransMemory USB 3.0 Super Speed Flash drive families with up to 128 GB drive capacity and 120 MB/s maximum read speeds.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com