USB Type C Market

USB Type C Market Outlook 2031

The global USB Type C market size was valued at 1806 Million Units in 2022 and is projected to reach 11105 Million Units by 2031, expanding at a CAGR of 22.30% during the forecast period, 2023–2031. USB Type C is a 24-pin connection system that has a rotationally symmetrical connector. This type of connector interconnects hosts and devices, replacing other electrical cables including USB-A and USB-B.

The Type C connectors are primarily used to transfer power due to the efficiency and speed with which they can charge devices. A standard USB type C connector can provide 2.5 watts of power and aids I delivering power and data to and from computer devices. Most USB C ports are integrated on the second-generation USB 3.1 data transfer standard which can deliver data up to the speed of 10Gbps.

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USB Type C Market Trends, Drivers, Restraints, and Opportunities

• Wide adoption of the USB type for charging electronic devices and wide adoption for data transferring applications are major drivers of the market.
• High efficiency in transferring data and charging devices, ease of use, reversibility, better performance, and the availability of smaller connectors in the product types are key driving factors of the market.
• Rising adoption of USB Type C connectors to use this system of internal connections in the integration of new electrical and electronic devices is a major factor boosting the market.
• Incompatibility issues of the products due to limited use of the USB type in certain devices acts as a major challenge that can restrict the market growth in the coming years.  
• Increasing integration of the USC types in various electronic device from major manufacturers such as Apple, Google, and Microsoft are offering immense growth opportunities of the market growth in the coming years.

Scope of USB Type C Market Report

The report on the global USB Type C market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

USB Type C Market Segment Insights

Wide compatibility drives the Thunderbolt segment

Based on protocols, the global USB type C market is segmented into DisplayPort, HDMI, MHL, and thunderbolt. The thunderbolt segment is expected to witness robust growth during the forecast period due to its wide compatibility to various consumer electronic devices. Thunderbolt is a communication protocol that brings speeds up to 40 Gbps to type C along with creating one compact port that simultaneously supports high video quality and data bandwidth on a single cable.

The DisplayPort segment is projected to hold a significant market share due to its low-cost factor. DisplayPort is a digital display that is primarily used to connect a video source to a display device such as a computer monitor using active or passive adapters. The popularity of low-cost high-definition media applications in consumer electronics has resulted in high demand of HDMI protocols, thereby, driving this market segment as well.

Integration of the USB in smartphones drives the smartphones & tablets segment

On the basis of applications, the market is segmented into smartphones & tablets, personal computers & laptops, digital cameras, chargers & adapters, media players, and TV. The smartphones & tablets segment dominated the global market in 2020 and is estimated to witness a substantial growth rate during the forecast period. The segment growth is attributed to rapidly finding new opportunities in the smartphones market.

Owing to better speed and performance, the consumer electronics manufacturers extensively provide integrated type C charger in the smartphones. The applications of USB type C connectors in chargers and adapters are rising due to technological advancements and the incorporation of USB type C chargers by key players in the consumer electronics market.

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Telecommunications segment is the primary user of USB type C products

Based on industries, the global USB type C market is categorized as consumer electronics, automotive media & entertainment, telecommunications, and healthcare. The telecommunications segment is expected to register a robust CAGR during the forecast period owing to the application of new power delivery technology and type C connector technology in telecommunication devices such as mobile phones, computers, laptops, and televisions. The high versatility connection and audio transmission offered by USB type C products drive the telecommunications segment.

Regional Analysis

In terms of regions, the market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to constitute large share of the market in the coming years due high spending on consumer electronic products by a large number of the global population and early adoption of advanced technology by key market players.

Moreover, increase in R&D spending by information technology and communication companies especially in the US are driving the market growth in the region. The market in Asia Pacific, on the other hand, is projected to expand at a significant CAGR during the forecast period due to increasing demand for consumer electronic products in the region.

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Segments

Protocols

• DisplayPort
• HDMI
• MHL
• Thunderbolt

Applications

• Smartphones & Tablets
• Personal Computers & Laptops
• Digital Cameras
• Chargers & Adapters
• Media Players
• TV

Industries

• Consumer Electronics
• Automotive Media & Entertainment
• Telecommunications
• Healthcare

Regions

• North America
• Europe
• Latin America
• Asia Pacific
• Middle East & Africa

Key Players

• Texas Instruments Inc.
• Analog Devices Inc.
• Belkin International. Inc.
• Microchip Technology. Inc.
• Diodes. Inc.
• Infineon Technologies AG
• NXP Semiconductor Corporation
• ON Semiconductor Corporation

Competitive Landscape

Key players competing in the global USB Type C market are Texas Instruments Inc.; Analog Devices Inc.; Belkin International. Inc.; Microchip Technology. Inc.; Diodes. Inc.; Infineon Technologies AG; NXP Semiconductor Corporation; and ON Semiconductor Corporation. These players have constantly engaged in several market development strategies such as collaborations, Agreements, Mergers, and acquisitions to strengthen their geographical presence. Moreover, production capacity expansion and new product launches are widely adopted to increase their market share.