DUBLIN--(BUSINESS WIRE)--The "Wired Interface Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
The wired interface is the physical link between the devices that allows for high-speed data transfer, streaming, and other types of communication. The wired interface is utilized to connect a mouse, monitor, PCs, power supplies, video games, and other electronic devices. It is very efficient since there is no signal interference, and it has a considerable bandwidth for a low price.
It is often used in conventional workplaces, such as government agencies and educational institutions. The wired interface industry will expand as the world's reliance on electronics such as smartphones, computers, projectors, and other devices grow. Because of escalating security concerns and the increased data transferability benefits that it delivers, the demand for wired interface technology will increase.
Companies Mentioned
- Molex Incorporated
- TE Connectivity Ltd.
- STMicroelectronics N.V.
- ON Semiconductor Corporation
- Analog Devices, Inc.
- Microchip Technology Inc.
- Texas Instruments Incorporated
- Cypress Semiconductor Corporation
- ROHM Co., Ltd.
- Amphenol Corporation
A significant reason driving the growth of the wired interface market is the increasing use of smartphones, along with the expansion of automotive infotainment.
Individuals' growing use of smartphones is a vital aspect driving the worldwide wired interface market forward. As per the IDC Worldwide Quarterly Mobile Phone Tracker, smartphone shipments are predicted to yield 1.38 billion units in 2021, up 7.7% from 2020. This trend is predicted to continue into 2022, when exports will total 1.43 billion, up 3.8 percent year over year.
According to Ericsson, the number of smartphone subscriptions worldwide has surpassed six billion, with several hundred million more predicted in the next years. The nations with the most smartphone owners are India, China, and the United States. The number of smartphone users is expected to reach 7516 million by 2026. This increases demand for USB Type C wired interface technology, popular among Android smartphones.
The market is driven by the continued rise of automotive infotainment. Automotive infotainment is a hardware and software platform that allows a car to receive audio and video. The rise of the wired network (HDMI, USB) will be accelerating in tandem with the growth of infotainment.
For its next-generation infotainment techniques, Mitsubishi Motors Corporation, Nissan Motor Co. Ltd., and Groupe Renault will utilize Google Inc.'s Android functioning system (OS) from 2021. This boosts the market for USB Type-C wired interface technology even more. In compact settings, the wired interface is dependable and efficient. The market is projected to experience an increase in the usage of wired connecting devices due to the inadequate speed and data streaming capacity of wireless devices.
The expanding use of wired interfaces for drones, as well as the preamble of the wired interface in numerous applications, are fueling the wired interface market's expansion. For instance, according to drone registration statistics, there were 1,782,479 drones registered in the United States as of January 2021.
However, the global wired interface market's growth may be hampered by the availability of wireless interface devices, customers' growing preference for wireless equipment, and product certification.
By region, North America and the Asia Pacific are expected to hold a notable share in the global wired interface market during the forecast period.
North America is a center for technological innovation and a pioneer in adopting new technology. The market in North America is being driven by factors such as the existence of significant corporations, rising consumer expenditure, and the expanding adoption of technological advancements. Connecting smartphones and devices to the car's infotainment system provide access to a variety of information and entertainment options.
This allows for wired interface platforms, such as USB Type C and HDMI. As of March 31, 2019, more than 1.18 million electric vehicles were on the road in the United States, according to the Edison Electric Institute. Moreover, according to the ICCT, hundreds of new EV models will be produced with over USD 200 billion in investments between now and 2025. Additionally, as the popularity of gaming consoles develops in the United States, so does the demand for HDMI interfaces for console players. In the United States, the Nintendo Switch and Switch Lite have sold over 6.2 million units as of December 2019, which is the largest number of units sold in comparison to other players.
Market Segmentation:
By Component Type
- USB Wired Interface
- HDMI Wired Interface
- Displayport Wired Interface
- Thunderbolt Wired Interface
By Application
- Consumer Electronics
- Automotive
- Healthcare
- Other Applications
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Thailand
- South Korea
- Taiwan
- Indonesia
- Others
For more information about this report visit https://www.researchandmarkets.com/r/24z66x
