DUBLIN--(BUSINESS WIRE)--The "USB 3.0 - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global USB 3.0 Market to Reach $6.3 Billion by 2027
Amid the COVID-19 crisis, the global market for USB 3.0 estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2027, growing at a CAGR of 16.6% over the analysis period 2020-2027.
Below 4 GB, one of the segments analyzed in the report, is projected to record a 17% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 4 GB to 16 GB segment is readjusted to a revised 16.6% CAGR for the next 7-year period.
The U. S. Market is Estimated at $575.3 Million, While China is Forecast to Grow at 21.4% CAGR
The USB 3.0 market in the U. S. is estimated at US$575.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 21.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12% and 14.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.1% CAGR.
16 GB to 64 GB Segment to Record 17.3% CAGR
In the global 16 GB to 64 GB segment, USA, Canada, Japan, China and Europe will drive the 16.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$609.9 Million in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$973.1 Million by the year 2027, while Latin America will expand at a 19.1% CAGR through the analysis period.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- A Prelude
- Recent Market Activity
- USB - An Evolution to 3.0
- USB 3.0 Vs USB 2.0: A Comparative Analysis
- USB 3.0 Vs USB 2.0: Comparison of Data Transfer Rates by File Size
- Global Competitor Market Shares
- USB 3.0 Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
- ADATA Technology Co., Ltd. (Taiwan)
- Corsair Components, Inc. (USA)
- ELECOM Co., Ltd. (Japan)
- EMTEC (France)
- Gigastone Corporation (Taiwan)
- HP, Inc. (USA)
- Kingston Technology Company (USA)
- Monster Digital, Inc. (USA)
- Patriot Memory LLC (USA)
- Samsung Electronics Co., Ltd. (South Korea)
- Sony Corporation (Japan)
- SanDisk Corporation (USA)
- Toshiba Corporation (Japan)
- Transcend Information, Inc. (Taiwan)
- Verbatim Corporation (USA)
3. MARKET TRENDS & DRIVERS
- Widespread Availability of Enabled Devices Drives the Market
- Efficient Battery Maintenance - Business Case for USB 3.0
- Backward Compatibility - A Marked Trait from Previous Versions
- USB 3.0 Gears Up for Upward Growth
- Opportunity Indicator:
- Key Statistical Data:
- Growing Demand for USB 3.0 Interface to Benefit USB 3.0 Chips Market
- PC Segment - The Early Adopter of USB 3.0 Interface
- Rising Data Portability Needs Drive USB 3.0
- USB 3.0 Flash Drives Make the Cut in Storage Market
- Opportunity Indicators:
- USB 3.0 High-Bandwidth Storage Devices - A Major Draw
- Consumer Entertainment & Communication Devices Lap Up USB 3.0
- Smartphones Phones - USB Type C Threat on the Anvil
- USB 3.0 Takes Center Stage in Camera-Based Applications
- Camera Interfaces: A Comparative Analysis
- USB 3.0 Widens Footprint in Wide Range of Peripheral Devices
- USB 3.0 in Switched Device Access
- USB 3.0 Universal Docking Chipsets Attract Consumer Attention in 4K Applications
- USB 3.0 Chipmakers Turn to USB Hub Business
- USB 3.0 Host ICs Market to Become More Competitive
- Declining Costs to Drive Volume Sales
- Developing Markets to Turbo Charge Future Growth
- USB 3.0 Devices to Face Early 'In-House' Competition from USB 3.1
- SSDs and Premium USB Drives - Vying for the Same Consumer
- 'Thunderbolt & Thunderbolt 2' - How Big is the Threat?
- Will Cloud Services Pose Threat to USB Interface Technologies?
- Cloud's Early Stage Status in Data Storage Market to Help USB 3.0 in Retaining Market Traction
- Market Share Finding
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 75
For more information about this report visit https://www.researchandmarkets.com/r/11ew0
