Report : Middle East and Africa 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)
IT and Telecommunications Segment to dominate Middle East & Africa USB Device Market during 2020–2028
According to a new market research study on “Middle East & Africa 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$ 7320.29 million by 2028 from US$ 3704.68 million in 2021. The market is estimated to grow at a CAGR of 10.2% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa USB device market along with the drivers and restraints pertaining to the market growth. Advancing adoption of USB Type C in medical industry, ramping popularity of smart homes, and stretching demand for USB products in automotive entertainment and infotainment systems are the major factor driving the growth of the Middle East & Africa USB device market. However, rise in security concerns hinders the growth of Middle East & Africa USB device market.
The Middle East & Africa USB devices market is negatively impacted by the disruption in the supply chain of electronics and related component. The demand for USB devices has weakened marginally since the eruption of COVID-19 in Middle East & Africa countries as the region witness declined in GDP. This has led in a loss of revenue among the USB devices manufacturers and distributors offering their products in the region in 2020. However, as the region showcased positive trend for adoption of digital technologies owing to containment measures imposed by government, the region started to witness growth in internet connections which augmented the demand for USB devices from the Q4 of 2020.
The Middle East & Africa 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 South Africa, Saudi Arabia, the UAE, and Rest of MEA. In 2020, Rest of MEA held the largest share in the market, and South Africa 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; and MaxLinear. For instance, Kingston Digital Releases 128GB Capacity Addition to DataTraveler 2000 Encrypted USB.
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