The global docking station market is projected to expand at a CAGR of 4.6% during the forecast period, 2021 – 2028. The growth of the market is attributed to rising penetration of these devices for wide range of applications, such as vehicle tracking, communication, data collection, and inventory management.
Docking station is an electronic device that is used to plug-in various electronic gadgets into one. It is extensively used in various devices such as laptops, mobile phones, and hard drives. There are various types of connectors in a device and the docking station is especially designed for a specific model of a product. Additionally, it has different slots for mobile phone charging, storage devices, and peripheral devices such as monitors and printers.
Docking stations have multi-functional features such as number of USB ports and Ethernet connectivity. Additionally, rapidly growing IT industry across the globe is resulting in the rising demand for computers and accessories, thereby driving the docking station market growth. These stations help to improve the business environment and enhance their productivity.
The report on the global docking station market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Docking Station Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Connectivity (Wireless and Wired), Products (Laptops, Smartphones, and Tablets), and Distribution Channels (Offline and Online) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
The Targus Corp., StarTech.com, Dell Technologies, Inc., ACCO Brands Corp., HP Development Company, Lenovo Group Ltd., Plugable Technologies, Toshiba Corp., Apple, Inc., and Samsung Group |
On the basis of connectivity, the market is segmented into wired and wireless. The wired segment accounts for a market share of more than 70%, in 2020, in terms of revenue. Wired products allow connectivity to portable through DisplayPort or HDMI cable. On the other hand, wireless systems easily get affected owing to channel congestion and internet efficiency, that reduces data transfer speeds and reliability. However, the wireless segment is expected to witness an impressive growth rate owing to the recent advancement in wireless technologies such as incorporation of technologies such as WiGig, Wi-Fi and Bluetooth.
Based on distribution channels, the market is bifurcated into offline and online. The offline segment is expected to account for a considerable market share owing to the availability of wide range of products in multi-brand retail stores. Growing consumer inclination toward offline shopping due to the flexibility to check the product before purchase and availability of sound sales service.
The online segment is anticipated to witness a healthy growth rate owing to the availability of a wider range of products and payment option than offline stores and availability of doorstep delivery.
On the basis of products, the market is divided into laptops, smartphones, and tablets. The laptops segment is project to account for a large market share during the forecast period. Laptops are connected to other devices and can be converted into desktops by using these docking stations. Laptops are connected to the universal port replicator to enable user access to monitor, printer, keyboard, mouse, external USB hard drive, and speakers, among others. Furthermore, rising number of docking stations that are compatible with PC platforms, Mac, Android, and Chrome OS is driving the segment growth.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. In 2020, North America accounted for a market share of more the 35% in terms of total revenue. Rising adoption of docking systems owing to the rapidly growing IT industry in countries, such as the US and Canada is anticipated to spur the regional market growth.
The market in Asia Pacific is anticipated to witness a substantial growth rate owing to the growing penetration of IT firms in countries, such as China, India and Japan. Additionally, growing usage of smartphones and increasing purchasing power are some of the factors that are driving the market growth in the region.
The global docking station market has been segmented on the basis of
Some of the leading manufacturers in the global docking station market are The Targus Corp., StarTech.com, Dell Technologies, Inc., ACCO Brands Corp., HP Development Company, Lenovo Group Ltd., Plugable Technologies, Toshiba Corp., Apple, Inc., and Samsung Group.
Manufacturers are focusing on improving their product offering by indulging in mergers and acquisitions product innovation to expand their market share. They are also investing in product innovation to acquire a significant market share.
In August 2019, Targus Corp. announced the launch of USB-C Universal Quad 4K (QV4K) Docking Station. It is an enterprise-class universal dock that supports four 4K displays through its four DisplayPort. Moreover, it has compatibility with several OS.
The global docking station market has been segmented on the basis of
Some of the leading manufacturers in the global docking station market are The Targus Corp., StarTech.com, Dell Technologies, Inc., ACCO Brands Corp., HP Development Company, Lenovo Group Ltd., Plugable Technologies, Toshiba Corp., Apple, Inc., and Samsung Group.
Manufacturers are focusing on improving their product offering by indulging in mergers and acquisitions product innovation to expand their market share. They are also investing in product innovation to acquire a significant market share.
In August 2019, Targus Corp. announced the launch of USB-C Universal Quad 4K (QV4K) Docking Station. It is an enterprise-class universal dock that supports four 4K displays through its four DisplayPort. Moreover, it has compatibility with several OS.
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