Report : North America 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)
USB 2.0 Segment to dominate North America USB Device Market during 2020–2028
According to a new market research study on “North America 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$ 16530.68 million by 2028 from US$ 8229.89 million in 2021. The market is estimated to grow at a CAGR of 10.5% from 2021 to 2028. The report provides trends prevailing in the North America USB device market along with the drivers and restraints pertaining to the market growth. Up-lifting demand for USB products in automotive entertainment and infotainment systems, raising demand for consumer electronics, and fostering adoption of USB type c in medical industry are the major factor driving the growth of the North America USB device market. However, increasing security concerns hinders the growth of North America USB device market.
North America is one of the most important regions for adopting and developing new digital systems due to favorable government policies to boost innovation, a huge industrial base, and high purchasing power, especially in developed countries such as the US and Canada. Hence, any negative impact on the growth of industries is expected to affect the economic development of the region. The COVID-19 hampered the adoption of USB devices across North America in 2020 as sales of industries such as electronics and automotive were hampered has the supply lines were majorly impacted. Meanwhile, the adoption of USB devices across IT and telecom and healthcare were reported as at higher side in owing to high emphasis on remote working and remote learning practices followed rise in number of patients across hospitals due to COVID-19. However, from the Q1 of the supply lines of automotive and electronics industry started to stabilized and revenue of these industries were showcased positive momentum which subsequently propelled the USB devices market in North America.
The North America 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 the US and Canada. In 2020, the US held the largest share in the market, and Mexico 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, SK hynix to Expand United States Market Presence with the Launch of its First 128-Layer NAND Consumer PCIe NVMe SSD.
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