The SAM USB device market is expected to grow from US$ 2,450.4 million in 2020 to US$ 4,282.8 million by 2028; it is estimated to grow at a CAGR of 7.4 % from 2021 to 2028.
The Brazil and Argentina are major economies across SAM region. Rapid adoption of USB Type-C in medical industry is expected to escalate the SAM 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. 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 SAM, 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 for SAM region, thereby driving the market growth.
Further, in case of COVID-19, Brazil has the highest number of confirmed cases, followed by other countries such as Colombia, Argentina, Peru, and Chile. The governments of various countries in SAM are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. The total number of cases in Brazil accounted for 9,548,079, out of which 232,170 total deaths are recorded. The sharp decline in the sales of electronics components in the region due to lockdown measures is expected to directly impact the growth of the USB device market in this region. In addition to this, the online and retail distribution channel will also face a negative impact due to supply chain disruptions and the non-availability of raw materials. The sharp decline in business activities and product sales are expected to directly affect the growth rate of the USB device market in this region 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 SAM USB device market. The SAM USB device market is expected to grow at a good CAGR during the forecast period.
SAM USB Device Market Segmentation
SAM USB Device Market – By Device Standard Type
SAM USB Device Market – By Product
SAM USB Device Market – By Connector Type
SAM USB Device Market – By Applications
SAM USB Device Market, by Country
SAM USB Device Market -Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 2,450.4 Million |
| Market Size by 2028 | US$ 4,282.8 Million |
| CAGR (2020 - 2028) | 7.4 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Device Standard Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America USB Device Market is valued at US$ 2,450.4 Million in 2020, it is projected to reach US$ 4,282.8 Million by 2028.
As per our report South America USB Device Market, the market size is valued at US$ 2,450.4 Million in 2020, projecting it to reach US$ 4,282.8 Million by 2028. This translates to a CAGR of approximately 7.4 % during the forecast period.
The South America 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 South America USB Device Market report:
The South America USB Device Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America USB Device Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America USB Device Market value chain can benefit from the information contained in a comprehensive market report.
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