The MEA USB device market is expected to grow from US$ 3704.68 million in 2021 to US$ 7320.29 million by 2028; it is estimated to grow at a CAGR of 10.2 % from 2021 to 2028.
The South Africa, Saudi Arabia, and UAE are major economies across MEA region. Rise in the use of USB type C by medical industry is expected to accelerate the MEA USB device market. The USB-Type C devices are gaining huge popularity in the medical industry as their installation in any medical system abides with the industry standards. Several devices such as video recorders, cameras, and drones are swiftly being moved to USB Type-C since it is the quickest way to transfer data; moreover, these USB devices provide more power than previous generations. USB Type-C devices would allow medical experts to have access to the finest resolution on computer displays used during surgeries and facilitate faster data transfer during crucial procedures. The growing technological advancements in USB Type-C are likely to increase its scope in the medical industry. Prominent players are highly designing next-generation USB devices to stay ahead in the competitive market. For instance, TE Connectivity has launched its on-board USB Type-C receptacle connector; it is a waterproof device that protects systems in severe environments with IPX8 (waterproof rating) dust and water ingression performance. With the given waterproof rating, the USB Type-C connector maintains a continuous connection at a water depth of 1.5 m for a minimum of 30 minutes. Further, the growing aging demographics, combined with increasing demand for early-stage diagnosis of chronic diseases, is boosting the demand for medical imaging equipment around the MEA, thereby boosting the demand for next-generation USB Type-C devices. Thus, such rise in the use of USB Type-C systems, especially in the medical device manufacturing industry, is likely to provide growth opportunities to the USB device market players in the coming years across MEA region, which will drive the MEA market growth.
Further, in case of COVID-19, among the MEA countries, Turkey has faced the highest number of confirmed cases and deaths. Other major countries that are facing the economic impact of COVID-19 include Iran, South Africa, Israel, Iraq, Morocco, Saudi Arabia, UAE, and Qatar, and the region comprises many growing economies such as UAE and Saudi Arabia, among others, which are prospective markets for USB device providers, due to the huge presence of diverse customer base for electronics and semiconductor industries. The global COVID-19 pandemic would have significant effects on global economies, but the region is anticipated to be impacted as there is already pressure on the economy of various oil-based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns, and travel bans are further aggravating the economic problems of the countries in the MEA. Hence, the estimated decline in the region’s economic condition and the impact of COVID-19 on the growth of various industries in the region is expected to negatively impact the growth of the MEA USB device market till Mid-2021.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA USB device market. The MEA USB device market is expected to grow at a good CAGR during the forecast period.
MEA USB Device Market Segmentation
MEA USB Device Market – By Device Standard Type
MEA USB Device Market – By Product
MEA USB Device Market – By Connector Type
MEA USB Device Market – By Applications
MEA USB Device Market, by Country
MEA USB Device Market -Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 3704.68 million |
| Market Size by 2028 | US$ 7320.29 million |
| CAGR (2021 - 2028) | 10.2% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Device Standard Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa USB Device Market is valued at US$ 3704.68 million in 2021, it is projected to reach US$ 7320.29 million by 2028.
As per our report Middle East and Africa USB Device Market, the market size is valued at US$ 3704.68 million in 2021, projecting it to reach US$ 7320.29 million by 2028. This translates to a CAGR of approximately 10.2% during the forecast period.
The Middle East and Africa USB Device Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa USB Device Market report:
The Middle East and Africa USB Device Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa USB Device Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa USB Device Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Middle East and Africa USB Device Market
