The global USB type C market size was exhibited at USD 29,198 million in 2024 and is projected to hit around USD 1,73,393 million by 2034, growing at a CAGR of 19.5% during the forecast period 2024 to 2034.
The demand for high-speed data transfer and flexible connectivity has increased among various industries like telecommunications, automotive, and consumer electronics. The dependency needs for smartphones, laptops, and automotive systems are driving demand for USB type C connectors. USB 3.2 and USB 4 are the most popular USB standards emerging in the market. Additionally, the trending demand for the USD 3.2 standard for ultra-fast data transfer is fueling market growth. The growing adoption of the USB 2.0 standard in low-power and affordable applications is expected to boost the market in the coming period.
The expanded automotive sector in North America is contributing to the success of the USB-type C market in the region. Additionally, the market is driven by the regional commitment to innovations and adoptions of consumer electronics. Moreover, the adoption of USB Type C for 4K monitors and VR headsets is trending in the United States. On the other hand, Asia Pacific is significantly driving market growth due to the technological advances of 5G networks. Government support is a reasonable player in China's market growth.
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| Stats ID: | 7232 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Stats ID: | 7232 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
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